Player contract values amortised over term in the balance sheet, wages expenses thru P&L
W/O of contract value would have been taken and any loss probably recognised in the P&L at the time.
However, all non-cash transactions.
Impact on cashflow is different, not sure if there was a structured payment for the purchase? May have still owed money on him. Insurance payout would have come in later and maybe used to offset loss.
Other Finance-faces can provide more, or even varying, opinions 😉
Posted By: Worthing Yellow on October 16th 2019 at 18:48:28
Message Thread
- Are players insured against serious injury? (Other Football) - Henclrikus, Oct 16, 18:22:39
- Player contract values amortised over term in the balance sheet, wages expenses thru P&L (Other Football) - Worthing Yellow, Oct 16, 18:48:28
- less of your factual rubbish, WY (n/m) (Other Football) - Henclrikus, Oct 16, 19:01:26
- 😁 (n/m) (Other Football) - Worthing Yellow, Oct 16, 19:03:14
- less of your factual rubbish, WY (n/m) (Other Football) - Henclrikus, Oct 16, 19:01:26
- "From a medical point of view, the decision was a no-brainer" (n/m) (Other Football) - Tombs, Oct 16, 18:30:20
- Unfortunate turn of phrase 🤔 (n/m) (Other Football) - Worthing Yellow, Oct 16, 18:49:13
- Player contract values amortised over term in the balance sheet, wages expenses thru P&L (Other Football) - Worthing Yellow, Oct 16, 18:48:28
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