My figures don't include Negredo & Sinclair as I think both deals were finalised just before the year end, so were presumably included in 2015's figures.
You and Swiss both know what your talking about but I would trust his figures more and my reading of what he says is that they are included either way its a lot. Plus we will loose a few this summer not sure how that will affect things
Then just need the academy to start paying dividend
Also there is the 10% drop we had last year in match day revenue due to construction work plus the new stand this year
Player sales get shown as a profit or loss on the sale. If we buy a player for £25m on a 5-yr contract, we amortise that contract at £5m a year. After 3 years we'll have charged £15m and the remaining value of the contract on the balance sheet will be £10m. If we sell him for £15m, we'll have made a profit of £5m, which will appear in the profit and loss account.Where do player sales go ? Just looking at the deloitte money league and it does not include player sales in revenue but the percentages still add up
Player sales get shown as a profit or loss on the sale. If we buy a player for £25m on a 5-yr contract, we amortise that contract at £5m a year. After 3 years we'll have charged £15m and the remaining value of the contract on the balance sheet will be £10m. If we sell him for £15m, we'll have made a profit of £5m, which will appear in the profit and loss account.
Yes it does. Deloitte just ignore it.So it does not count as revenue ?
It's an interesting point actually. It's revenue in the sense that we receive cash but it's not revenue that we include in the P&L account and there is no way to identify specific fees received for individual players sold anyway. I've just written an article for City Watch about accounting for transfers and the financial considerations involved in how much we can spend. Clubs did used to treat transfer fees as income and expenditure but changed to treat contracts as assets. It's a little counter intuitive really as the buying and selling of players is really a core part of a football club's business.Yes it does. Deloitte just ignore it.
It's an interesting point actually. It's revenue in the sense that we receive cash but it's not revenue that we include in the P&L account and there is no way to identify specific fees received for individual players sold anyway. I've just written an article for City Watch about accounting for transfers and the financial considerations involved in how much we can spend. Clubs did used to treat transfer fees as income and expenditure but changed to treat contracts as assets. It's a little counter intuitive really as the buying and selling of players is really a core part of a football club's business.
He didnt play any part in accounting changes but introduced a sale-and-leaseback process for players. It was a way you could raise cash on players you'd bought.I seem to recall that Ray Ranson played a role in the accounting changes and he made a lot of money out of it.