Guys, it seems there is confusion between cash flow, determining profit and loss, and capital expenditure. Spurs building a billion dollar stadium has no profit and loss impact until yesterday when the stadium became operational. From that point forward, the club will depreciate the stadium over a 30 - 50 year period, I imagine, depending on the accounting rules there. The only amount that affects profit relating to the cost to build the stadium is that depreciation. The financing of the cost to build will have to be repaid, while interest is also being charged on the debt. That interest charge will affect profit. The sale of Chris Wood was recognized as income when the transfer took place. The excess of the net proceeds, compared to the intangible cost related to his acquisition, in this most recent set of accounts. Burnley will be paying Leeds over a period of time, and this has an impact on cash flow. I hope that makes sense and that I have included all of the items raised thus far.
