Facelift may be partially capitalised and partially ground maintenance and expensed as such, so is the expensed part "infrastructure" under terms of FFP.Couple things...the facelift doesn't count in FRP calculations, which is good for us.
Second of all, any idea if we have to recognize part of the transfer fee in if an option is agreed to? Any idea if we can set up the fee to be in the subsequent fiscal year?
And player amortization shouldn't be any more than it was before, it's not like we bought a TON of players. Regardless, if we are selling anyone, any current year amortization is in essence cancelled out by any transfer fees. I. The case of McCarthy, he's on his second deal, so it's all profit for FFP calculations if I read the regulation appropriately.
I think total interest was a bit over $5M, so if Farhad really liquidated the debt, that expense won't continue. I added that to the one time charges for Martinez and crew to get to that 16-17M figure.
Given my workings for amortisation and I'll stand by them. We spent money, and in a full year, Bolasie, Williams and Schneiderlin would increase amortisation by over 12 mil. Add in Lookman, Gana and Calvert Lewin for about 5.3 mil more based on 5 year deals.
Any deduction from amortisation on players actually sold is probably no more than 3 mil as Stones/Oviedo/Gibson were fairly low cost players.
Niasse and the extra 2 mil I've already explained.
If an option to buy is given for non-refundable consideration, then it will be recognised in the accounts when the option is signed similar to loan fees.
The debt - EFC themselves forecast that they will owe 22.5mil to RMF, so interest charges won't be expunged, but reduced.
If you are correct about McCarthy, the same would be true of Stones/Oviedo/Gibson and every player who signed an improved contract would be pure profit - can't see this being the case.
There is a huge difference between profit and transfer fee as you are doubtless aware.
*don't worry, I always sound like a cock so don't take it personally
Edit. The sale of players is recognised in the financial year it takes place, so Cleverley et al will be in 2018 accounts assuming they occur.
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