Which has the square root of nack all to do with profit and loss.

If that's the case why do Hull do include them as assets on their balance sheet at all??. Surely it overstates the value of the clubs total assets and therefore its net worth

They are in profit and let that be the end of it.

Fits in with their fans perception of the club

I think you've answered your own question there. Though if somebody were stupid enough to fall for that trick when purchasing the club, they really shouldn't be trusted with that sort of money in the first place.

Has the list value of the players fluctuated to reflect the changes in the teams fortunes over recent seasons? Is it done player by player? I suppose you could do it as a proportion/multiple of their wage, for simplicity's sake. Or does somebody independent just have a best guess?

There's nowt wrong with it - it just seems a bit pointless... unless they really are hoping for a very gullible multi-millionaire buyer.

Gordon Gekko wrote:If that's the case why do Hull do include them as assets on their balance sheet at all??. Surely it overstates the value of the clubs total assets and therefore its net worth Try here and report back if it's bothering you

Gordon Gekko wrote:If that's the case why do Hull do include them as assets on their balance sheet at all??. Surely it overstates the value of the clubs total assets and therefore its net worth Try here and report back if it's bothering you

Exactly. It's a not-very-subtle bargaining device when it comes to discussions with potential buyers, otherwise as far as I can tell it has bugger all effect on anything. Net worth is meaningless unless you're either selling a business or winding it up.

Staffs FC wrote:Try here and report back if it's bothering you Touchy!

Staffs FC wrote:Try here and report back if it's bothering you Touchy!

Actually it 'potentially' does. Especially if you were required to remove them from your balance sheet.

If they were written off the balance sheet then this would mean the write down would either need to be shown as a cost in the P&L account or alternatively written off directly to reserves.

The thought has crossed my mind that the profit generated by FC for 2008 could potentially be purely due to an increase in the valuation of the players.

I am only summising and I wouldn't think this is likely, but you never know. Then again given last season I would think a reduction in the value of the players would be much more likely!!

Not at all.

The poster was confused about an accounting issue related to Hull FC's accounts. Thought I was helping that's all