Chewit
Striker
Operating loss before player amortisation and profit on player sales is £13 million:
Gross profit 35 less Operating expenses (48) = (13) = broadly cash operating losses.
Then player amortisation of (4), making losses of £17 million before player sales of £9 million to reduce the reported loss to 8 million.
Not my strength… but if player amortisation is the revaluing of players then would it be very conservative to suggest our squad was worse £4 less in July 24 than it was in July 23