GoldenToffee
Player Valuation: £60m
Goodbye Dobs, we barely knew ya.
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It is, but for the PL to convince an independent commission that they are justified in reversing a GAAP treatment signed off by auditors is a bar so high (for any competent commission) that I just do not see (as a chartered accountant of 35 years standing) how they can possibly believe they would win the argumentI get that, but I don't believe there's anything in the PSR rules that state the league follows the auditor's opinion. The PSR calculation is obviously a non-GAAP number.
It is, but for the PL to convince an independent commission that they are justified in reversing a GAAP treatment signed off by auditors is a bar so high (for any competent commission) that I just do not see (as a chartered accountant of 35 years standing) how they can possibly believe they would win the argument
Not from an accounting perspective. The reality trumps the legal. Of course the lenders would have recourse to demand immediate repayment of their loans but realistically they have not had that option because pushing us into Administration would have been catastrophic for them and us (no matter what others claimed publicly). The PL are thinking like lawyers but accountants think like accountants and this is an accounting judgement, not a legal one.Which is why they punted the decision. But if the loan documents state you can't use the the money for the stadium, it's pretty tough to argue you are-even if an auditor signs off on it.
Actually, with our luck this time in 12months PSG will be trying to outbid Real for him at 120m.See you next summer when us and villa swap you back again.
£350,000Does anyone know the transfer fee?