Once again Mrs B kicks the a**e of that white greasy substance.
Stay in the shallow end lardy boy.

The player revaluation reserve has been there since the days of Hetherington. So hardly what you'd call news.

If you think balance sheet total is a reasonable way of valuing a business, you are more clueless than you originally let on.

Also presumably not an issue with the RFL, other Super League clubs, our auditors or the media. Just the odd supporter of a Championship club.

Some businesses that rarely make a profit do rely on assets for added value to the business. Profitable businesses have the luxury of using a multiple of yearly profits as a valuation without the need for assets.

Pearson mentioned about removing it when he bought the club. He has increased it from £1,017,000. Not even premiere league football clubs do it. They only show the costs of player transfers.

In previous years, FC have included their players as 'intangible assets' as part of their balance sheet – placing a value of more than £1m on their squad last year.

From an interview with Pearson in the HDM

This helped FC report net assets of £939,000 last year, but Pearson believes those figures to have been unrealistic.

"The balance sheet had been positively enhanced and the valuation that had been put on the players on the balance sheet were unrealistic," Pearson said.

"We will be reducing them over time to what is a realistic value."

<yaaaaaaaaaaaaaaaaaaaaaaawn>

More to do with valuing a company and nothing to do with if you have made a profit or loss.

Interesting to see that if you google key words on the hdm website, Lardy's exact same dialogue appears in the comments sections.
Sums him up nicely, I'd say,

I think the clue from the HDM website might have given it away.

Absolutely sod all to do with valuing the company.

Stop making your self look stupid.

The game that Wigan targeted last year was Catalan in the Super 8's and drew an attendance of 16,140.

So are you stating that a company with £10 million of tangible assets, making £100,000 worth of profit can be valued the same as a company making a profit of £100,000 without any assets?

Has Larvin's money come through yet?
Or Allam's million pound gift?
Or is that vice president who was going to bring all that Russian oil money still there?

And will the dobbins accounts be filed on time or are they still counting the massive profit they made as a result of the huge crowds and glorious relegation they got last season?

Being the financial genius you claim to be there should no problem answering these as surely you know more about your own club than Hull.