Quote: Robbo4 "Which has the square root of nack all to do with profit and loss.'"
Actually it 'potentially' does. Especially if you were required to remove them from your balance sheet.
If they were written off the balance sheet then this would mean the write down would either need to be shown as a cost in the P&L account or alternatively written off directly to reserves.
The thought has crossed my mind that the profit generated by FC for 2008 could potentially be purely due to an increase in the valuation of the players.
I am only summising and I wouldn't think this is likely, but you never know. Then again given last season I would think a reduction in the value of the players would be much more likely!!
