Link to Football Finances Home Page

Interest Payments
Director Pay
Notes in Accounts


The club have two main types of assets. These are 'tangible assets' and 'intangible assets'. Tangible assets are bricks and mortar and land. Intangible assets are the value of the players that have been bought in to the club.

Both sorts of assets lose value over their lifetime, the players value reduced steadily over the life of their contract, this is explained more fully in the Amortisation section.

The first graph below shows the value of the tangible assets. The rise in 2007 and 2008 came from work done to improve the ground.


The second graph shows the intangible assets or the remaining book value of the bought players. It is clear that there is a huge leap in the value of the players on the books to match the year in the Premiership. This can be a good sign, although in Watford's case this just didn't work out due to the subsequent relegation. The 2009 results reflect the club selling off anybody they can, and aiming to get back towards the level they need to have in the Championship.

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