If we sell a player on the books at 5 million for 3 million it would be a 2 million loss. Can’t still have an asset for next year on the accounts that’s been sold.
If we were sensible we would have wrote Grants & Dianganas values down by more when the parachute money was coming in.
Yes, I understand that, but we owe HTFC around £5 million over two years at £2.5 million a year.
As things stand KG has an estimated book vale of £5 million, a £3 million sale would, as you say give us an asset loss of £2 million.
Add in the £2.5 million we owe to HTFC for that season, that equates to a loss of £4.5 million.
The following season we would owe HTFC £2.5 million,but we would have budgeted for a write down of £2.5 million, so, as far as the budget is concerned, would the budgeted write down (now not required) off-set the debt to HTFC?