Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/17659
Appears in Collections:Faculty of Health Sciences and Sport Journal Articles
Peer Review Status: Refereed
Title: Football Players as Human Assets Measurement as the Critical Factor in Asset Recognition: A Case Study Investigation
Authors: Morrow, Stephen
Contact Email: s.h.morrow@stir.ac.uk
Issue Date: 1996
Publisher: Emerald
Citation: Morrow S (1996) Football Players as Human Assets Measurement as the Critical Factor in Asset Recognition: A Case Study Investigation , Journal of Human Resource Costing and Accounting, 1 (1), pp. 75-97.
Abstract: This paper considers whether the prospective services provided by a football player on behalf of the club holding his registration can be recognised as an accounting asset. The first section of the paper considers the appropriateness of treating these prospective services as intangible assets within the terms of the UK Accounting Standards Board criteria for definition and recognition of assets. In the second section, four valuation methodologies are evaluated using case study data made available by a major Scottish club. Each of the methods evaluated is either currently used in accounting practice by some clubs, or is used in some form in the existing market place for players. The historical cost model involves capitalising players acquired by the club via the transfer market on the balance sheet at their cost of registration. The earnings multiplier model applies a multiplier to a player's earnings to produce a current valuation of that player. The third model involves capitalising players at directors' valuation, while the independent multiple player evaluation model involves obtaining valuations for players from various informed sources, knowledgeable on those particular players. The paper concludes that there are convincing arguments for the conceptualisation of the services provided by football players as accounting assets, and recommends an system of valuation in which players are valued at their realisable value by independent experts.
Type: Journal Article
URI: http://hdl.handle.net/1893/17659
DOI Link: http://dx.doi.org/10.1108/eb029024
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Sport

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