i think the point about profit is realised or unrealised either way it does not matter when a club structure..... "is the club kicking goals with managing to reinvest for the future while keeping their head above water and still recording a profit of some sort" ?
you dont need to take the profit but it is nice when you genuinely can therefore sometimes looking at a realised profit alone does not indicate the success of a club financially
example being if the club put on 2 more staff for marketing / advertising in 2014 that may drop the profit with the added costs but they may be in a profit centre that contributes to bringing in another $1mill in revenue in 2015........
"therefore we have invested in our club model and we could have taken a higher profit in 2014 but we chose to immediately use the surplus and not declare that portion as a profit'
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