Is it correct that our profit before tax is £6m? Does that mean that

[Dorset Gooner]

is all that is left in our warchest?

[PSRB]

[Steve Williams - gay for Mark Knopfler]

Any accumulated profits or losses from previous years would still exist.

[pjlincs]

£42.5m. Allowing for running the club, wages, etc, etc, probably means the war chest could be around £80m. New commercial deals with Emirates and a new kit sponsor also awaited to beneficial effect.

[Hillary]

how much is available to spend on players, so it's pointless speculating.

[Billy Goat Sverige]

season by £29m and then the new shirt sponsor and kit supplier deals kick in next season which are an extra £55m. More signings :cloud9:

[Brentwood]

[Dorset Gooner]

[Hillary]

[Hillary]

That doesn't mean you have £x to spend on cider and Cillit Bang.

[Steve Williams - gay for Mark Knopfler]

Assets naturally, fixed I would guess.

Valuation?

[Steve Williams - gay for Mark Knopfler]

As it states an amount 6-9 months in the past depending on the ARD.

[Peter]

[Witharby 2-3 weeks]

:-)

[Maravilloso Marvo]

Getting them to sign a new contract will increase their asset value.

[Witharby 2-3 weeks]

Leg warmers

[Steve Williams - gay for Mark Knopfler]

I assume based on the value or cost to the club of said contract.

Surely not an arbitrary valuation set by the club on the basis of perceived value e.g. we think Bendtner is worth £8m so he is an 8m asset.

[Maravilloso Marvo]

[Free SL]

We're not going to be going mad like City or Chelsea, but we should be able to keep the majority of players and add where the manager sees fit from now on.

[Maravilloso Marvo]

If you sign a player for £20 million on a 4 year contract then I guess it is simple enough to say they are worth £15 million after one year.

The obvious complication comes with homegrown players or contract extensions. There will be a formula they use.

[Steve Williams - gay for Mark Knopfler]

"If you sign a player for £20 million on a 4 year contract then I guess it is simple enough to say they are worth £15 million after one year."

[Witharby 2-3 weeks]

Obviously not

[Maravilloso Marvo]

But I am coming from the point that if your company buy a computer for £1,000, the will account it as an asset starting at £1,000 down to zero at the point you think it will need to be replaced, so maybe 5 years.

[Steve Williams - gay for Mark Knopfler]

Or major sports I should say.

Using your computer hardware analogy from a normal business, a free player such as Flamini would then never appear on the balance sheet.

I suspect something is done on the basis of the contract value/cost which in line with your idea would lessen (or depreciate to use the cool accountancy lingo) as it neared it's end.

[PSRB]

[Steve Williams - gay for Mark Knopfler]

[Ashberto]