Begley

That wouldn't be too bad a number from a PSR perspective. 35m allowable loss per year, add in Covid losses and then allowable non PSR losses and it wouldn't be difficult to see a 125m loss turn into a profit or at least a very small loss

I get u sorry. Yeah changing those account may be a little trickier

Yes, you are allowed to change them. the accounts that were submitted are estimates and not actual accounts but they are the club's best estimate of what the accounts will be. If the club decided to sell a capital asset for 200m between now and the end of the accounting window that would add 200m to this set of accounts and it is perfectably acceptable to change the accounts to reflect this and the charges would be dropped (assuming the discretion is less than 200m) The accounting period the submitted accounts cover has not yet been completed.

Profit or loss is determined by book value. If book value is 20m then 20m is the breakeven point. Also, MGW's first year of amortisation was the 22/23 season and the 2nd year is the 23/24 season so NF will have amortised 2 years of his contract for this accounting period meaning the book value will be circa 15m. Any amount above 15m would be profit for NF. Obviously, we do not know the nature of the addons which could impact the numbers