
Originally Posted by
JPaul
As an aside t'Hoops have now removed the players, as assets, from their books. They reduced it by £8,000,000 a year and the financial year just gone (FYE 30/06) was the last year to get the player / asset value to nil.
This to me is a good thang.
As a purist, I have to disagree
However, I didn't know they were doing that. It's pretty difficult, as a plc, to be able to change policy like that. The shareholders usually cause problems and vote against it. Good on them tho' as it will mean that the P&L will be more representative of how the club's doing as a whole.
A few years ago Man Utd were the only quoted English club to be able to represent their players like this, the financial folk o other clubs wanted their liquidity ratios boosted to encourage investmen. Tho' this did change recently - and prior to the Glazing incident come to think of it. Wonder if it's related ... .
Btw, if I had to choose and it couldn't be Man Utd, I'd want him to go to Barca. They'd be awesome.
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