They just changed it so amortization is limited to 5 years, regardless of contract length. Jackson was bought for 37 million, so that’s 7.4m for 5 years. Selling Jackson for 40m in 2024 would be only 10m in profit on the sale, because there is 4 years of depreciation left.
They just changed it so amortization is limited to 5 years, regardless of contract length. Jackson was bought for 37 million, so that’s 7.4m for 5 years. Selling Jackson for 40m in 2024 would be only 10m in profit on the sale, because there is 4 years of depreciation left.
It’s not retrospective. The Chelsea contracts signed before the change came in to effect are still over the 8 years or however long.