Well companies may not bother when talking about a load of fixtures and fittings, for example, but when you’re talking multi million pound assets they will do it properly. They won’t record amortisation / depreciation on a major asset for a full year if that asset has been in the business for a few weeks. It wouldn’t be an accurate view of the company’s financial position.
Well if we are offering a signing fee of £750k he will go elsewhere given what he’ll be offered elsewhere.
Yes, I agree with that. Which is why I said I wouldn’t object if he stays. My only point is that he’s not, in my mind, the only fish in the sea.
Football clubs typically post depreciation expenses annually, coinciding with their financial year-end. This is because they are usually required to prepare annual financial statements, and depreciation expense is a key component of those statements. While the calculation might be done monthly to track the impact throughout the year, the actual posting and reporting of the expense occur annually.
Far cheaper and better options than McKenna.
Not going to pretend I know these but McKenna has a good experienced background and would be a massive asset to us, but yeah he wouldn’t be cheap.
Is he at Las Palmas with McBurnie?
Ruling this guy out purely based on the PTSD flashbacks it would trigger to when we signed David N'gog.
Yes, and our head of youth promoted him through the ranks when he was with Aberdeen.
Happy with that, hopefully decent terms and another person to add to the Portuguese speaking contingent
This is fine as long as it is just back up.
