How do you make a profit spunking 40ish million quid on an absolute cart horse over the course of his contract, then flog said horse for 2m and call it a profit?
My calculator must be bust
25 mill deal over five years, 20 mill accounted for four years in at 5 mill each year, 5 mill left on his book price this year. We get 2 mill, save 6.5 mill in wages on the last year of contract, so we clear 8.5 mill in fee and wages, less 5 mill on his book price, 3.5 mill profit in this year accounts in wages and amort.
If he stayed he would have cost us 11.5 mill. 5 mill in amort and 6.5 mill in wages.