Quote:
Originally posted by mousey:
BJC123 has a good point. Players are assets. Assets must meet the definition criteria of assets. 1) future economic benefits, 2) future benefits must be controlled by the entity, 3)the future economic benefits must be currently controlled by the entity because of past event/transaction.
The thing that puzzles me is whether players have future economic benefits. Do future economic benefits come in the form of prize money? If so the recognition criteria cannot satisfy it as I remember that there must be a probability of 75% that future economic benefits must flow towards the entity. Football is like a game of dice, you never know when you win or lose; the best team can lose.
Or does it come from shirt sales? I wonder what happens if the player is so shitty that no one wants to purchase his shirts?
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My lecturer explained this to us last week, basically all the points you've made are correct as far as future economic benefits are concerned, a player provides economic benefits from the shirts he sells (and other sponsorship), the future extra prize money he may contribute toward, TV revenue from cup and European matches if he helps you progress further than you usually would, increased gate receipts etc.
As for the 75% thing, it's probably a bit redundant, if you have 23 players then maybe he probability of an extra player bringing future economic gain is less than 75%, but having players gives a 100% guarantee of future economic gain, buying an 11th if you have 10 gives near 100%, a 15th if you have 14 is still much higher than 75% and so on according to the law of diminishing returns.
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