Prestwich - I understand what you are saying- yes I have read the club accounts and seen the RPT item.
Matty made a great point. Prestwich, you might well be right and the IP item will definitely withstand the challenge. If so then their Break Even task is £6.5m easier than I have said. I really don't know about this item as frustratingly we don't know what it is.
I really can't see how the player write-down could be treated any way other than i have said.
The £80m vs £52.5m looks closer to ££52.5m to me. However that might be light - as someone helfully pointed out on here, Hart,Zaballeta and ano might need to be added (I am not close to when they signed but surely Hart has been here for years). There has been some rule clarification since Swiss Ramble wrote his piece hence it could be light. if so, that means the £52.5m is understated by the value of their old contracts. If all on say £50k pw that is around £7m? So the £52.5m might need to £60m. Still doesn't look like £80m to me but we have discussed that.
I think this thread has probably died a death now - send me an email if you have a specific query and I hope this was useful.