I don’t understand this amortised thing. Was listening to podcast yesterday who said if you bought a player for £50m and kept him for five years, then sold him for £10m, that was a profit of £10m.
Where did the £50m go? Surely it shows on the books somewhere? Is it like depreciation on capital equipment?
In my book, stating I’m no accountant, buying at 50 and selling at 10 is a hefty loss.
Think of it as like buying a brand new car, it depreciates over use. So for players if we get a solid few years out of them. Then to sell for a profit is a big winner. Or selling cheap we’d have hopefully got as good as it gets useage.