Assume that the Geelong Football Club signs up five promising recruits by offering each of them a
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Assume that the Geelong Football Club signs up five promising recruits by offering each of them a five-year player’s contract. As an additional incentive, it also offers each of the players a substantial sign-on fee. Do you think these players, or the associated economic benefits that they will generate, are ‘assets’ of the Geelong Football Club? How would you account for the sign-on fee?
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