If the CFCB has doubts about the value of any exchange transaction between the licensee and another party or other parties, it can request the licensee to adjust the proceeds resulting from the disposal of a player’s registration (for the calculation of the profit on disposal of the player’s registration for clubs using the capitalisation and amortisation method of accounting for player registrations) by considering the proceeds to be the lower of:
-
the actual transaction proceeds on disposal; and
-
the net book value in respect of the costs of the player’s registration in the licensee’s financial statements.