RLBandit wrote:
er, let me see ... amortization schedules, depreciation, interest, revenue recognition rules, etc, etc etc. Off you go back to Business Studies class.
No, you silly billy. You really should add something about improving your comprehension skills to those wonderful SMART objectives of yours. I didn’t ask HOW a timing issue would lead to Leeds declaring a record profit. I asked WHY Leeds would allow a timing schedule to lead to a record profit.
Leeds, like all companies, will pay tax on their profits. Why would they engineer, or allow, a timing issue to lead them to declare profits higher than they otherwise would have been? It seems awfully strange for the best run RL club in the country, one which has a history of minimising its tax exposure and working with other companies within its group to do so, to allow themselves to be over-exposed to tax because of “amortization schedules, depreciation, interest, revenue recognition rules, etc, etc etc” I.E things they were aware of and able to plan for.
Do you know? Or was ‘timing issues’ just a guess, a hope, a punt, just a reason which meant you didn’t have to look at your own bias, and not in anyway grounded in evidence or logic? Just something which allowed you to ignore results that didnt fit with your bias.
