Blidly Posted May 6, 2011 Share Posted May 6, 2011 Well just the title says it is a boring question, i was wondering for calculating the profit and loss of the clubs finance's are player's regarded as a fixed (non-current) asset or a current asset ? ( i ' am taking As level accounting at the moment and the teacher who is a footie fan wasnt sure so i was wondering what SI did. Just sayin any haters of the boring can click the top right white x in a red box , no but seriously im just wondering and any response would be welcome Cheers Link to post Share on other sites More sharing options...
Cougar2010 Posted May 6, 2011 Share Posted May 6, 2011 Well just the title says it is a boring question, i was wondering for calculating the profit and loss of the clubs finance's are player's regarded as a fixed (non-current) asset or a current asset ? ( i ' am taking As level accounting at the moment and the teacher who is a footie fan wasnt sure so i was wondering what SI did.Just sayin any haters of the boring can click the top right white x in a red box , no but seriously im just wondering and any response would be welcome Cheers FM doesn't consider assets, they use a basic P&L structure. In terms of real life football clubs players are classed as assets I believe. Link to post Share on other sites More sharing options...
Blidly Posted May 6, 2011 Author Share Posted May 6, 2011 FM doesn't consider assets, they use a basic P&L structure.In terms of real life football clubs players are classed as assets I believe. Oh ok cheers btw Link to post Share on other sites More sharing options...
Cougar2010 Posted May 6, 2011 Share Posted May 6, 2011 Here is a link to Arsenal's annual report for 2009/10 - Arsenal Holding Plc Looking through it the costs of acquiring a player which would be transfer fee, agents fees, one off payments are classed as Intangible Fixed Assets and the cost amortised over the length of the contract agreed. Link to post Share on other sites More sharing options...
Sir_aLex Posted May 6, 2011 Share Posted May 6, 2011 you didn't really answer his question Cougar...he asked if players are either Fixed Assets or Current Assets... In my opinion, they would be classed as a current asset due to the fact that the player can have a lifespan at the club from anything to 1 day to the rest of his career. Therefore, there is no guarantee that the player will be there for very long... But im not entirely sure...i wouldnt like to draw up a balance sheet for a football club thats for sure! Link to post Share on other sites More sharing options...
Sir_aLex Posted May 6, 2011 Share Posted May 6, 2011 ahhh thats better! go with that Link to post Share on other sites More sharing options...
Administrators Neil Brock Posted May 6, 2011 Administrators Share Posted May 6, 2011 The player values are considered in the "club value", but that has nothing to do with profit and loss in the game. Hope that helps, thanks. Link to post Share on other sites More sharing options...
Cougar2010 Posted May 6, 2011 Share Posted May 6, 2011 ahhh thats better!go with that I wasn't sure so had to check myself Link to post Share on other sites More sharing options...
Blidly Posted May 6, 2011 Author Share Posted May 6, 2011 Thanks for all the responses and thanks to cougar for the arsenal plc , quite interesting even though quite sad Link to post Share on other sites More sharing options...
BiggusD Posted May 6, 2011 Share Posted May 6, 2011 Arsenal are making £50m profit every year yes? Are they doing that in the game? I think it is strange that the first season, most clubs are in the black with a good margin, but by the end of the first season they are in the red before they get the season ticket income, and league and TV payouts -but never enough to get back up again to where they were. Are there any clubs in the game which makes a profit from month to month? Link to post Share on other sites More sharing options...
Cougar2010 Posted May 6, 2011 Share Posted May 6, 2011 Arsenal are making £50m profit every year yes? Are they doing that in the game?I think it is strange that the first season, most clubs are in the black with a good margin, but by the end of the first season they are in the red before they get the season ticket income, and league and TV payouts -but never enough to get back up again to where they were. Are there any clubs in the game which makes a profit from month to month? Are you referring to the link I posted? If so that includes their property ventures which account for a portion of the profit. In football terms Arsenal made a profit of £20m before transfers. Link to post Share on other sites More sharing options...
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