something worth remembering when it comes to our accounts being published

"The trading profit of ?56.5m is derived from the sales of players based on the value the club assigns on its books, not simply what they were bought and sold for.

That is because profit is booked as a one-time gain, whereas the value of players is written down over the life of their contracts.

For example, a player that comes up through the youth ranks would be nominally valued at almost nothing and sold for pure profit."

so we can fully expect the car park to still have a book value that far exceeds the book value of the playing squad

Posted By: Ralf Scrampton on November 10th 2009 at 10:17:27

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