I saw a tweet from Magic Twat (who I think claimed to be an accountant) responding to a question about our latest signings by saying that we'd write these off in the financial year and take the hit, rather than amortise them over the length of the contract.
Now one of the main charges against us is that we presented accounts that didn't comply with the relevant regulations and accounting standards (presumably to do with allegations around not declaring related parties and categorising what should have been owner investment as revenue). If MagicTwat really was an accountant (clue: he's not, he's a failed journalist) but if he was, then he'd know about IAS 38/FRS 102, which cover accounting for intangible assets.
Player contracts used to be written off in the year of purchase but for many years have been classed as intangible assets and therefore the required accounting treatment is to amortise them over the life of the contract. By writing off in a single year, we would be guilty of not producing accounts that meet accepted accounting standards. So he's definitely not an accountant as he claims. That simply hardens the conviction that he's Nick Harris.
I've not engaged with him so far as I've no wish to and find his deranged bleatings quite amusing but I'm tempted to on this and get blocked.