Submitted by NicuCalcea t3_z2rx3w in dataisbeautiful
wellknownname t1_ixleboh wrote
Reply to comment by tewas in Manchester United may be up for sale, so is the team profitable? [OC] by NicuCalcea
On the contrary, for tax purposes you would prefer to expense the whole thing immediately rather than have to amortise over several years. Actually I suspect that is what happened for tax purposes - the UK is unusual in that tax treatment of assets does not follow the accounting treatment but uses a system of 'capital allowances' instead, and the HMRC manuals do not seem to suggest there are capital allowances on football players.
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