To be honest, makes no difference how much money you (or Wigan) have. Game's run by communist clowns who won't let you spend it anyway.

I imagine it will be one of them debts that never get paid back.

The impact of accumulated losses are reflected in the last balance sheet published(as at 31 Oct 2010).The external debt at that time ie to banks and brewery etc was not too significant.However ,there was also £4.3m owed to Sporting Club St Helens on inter company account( is McManus controlling party of that organisation?).No doubt we have incurred further losses in the currrent trading period,so debt will have increased on the back of that ,unless there was an equity injection by the directors.

Debt (as in bank debt) won't have increased as a result of losses because McManus has stated we have no Bank debt; so ongoing losses will have been funded by directors' loans. Whilst still debt, these directors "loans" have been getting converted into shares for years now so are really equity in all but name.



If McManus is saying we are bank debt free now, it matters little what recent losses have been as they have obviously already been funded other than through "external" lending. Obviously the losses don't just jump up at a financial year end, they need to be funded as and when they arise (which I know is the point you were making).

Sporting Club St Helens is the holding company for the club and has no creditors. Zillions of people have shares in it (including me, my brothers and my dad!) but the McManus family has loads as do some other current directors. Basically, the debt due to that company can be ignored as the Holding company would never call it in, nor does it have any reason to as it has no creditors to pay.

The more I think about it the more I can see that's it's a nice way of telling Saints fans that they had to borrow another £6 million to complete the stadium.



Very clever.

And there was me thinking that they were saying that the directors had paid for the stadium rather than getting loans

.

Probably a nice little tax adjustment for somebody somewhere.

The more I think about it, the more I can see that rich Saints fans have paid for us to buy a brand new stadium, fit it out and wipe our Bank debts, whilst Wigan probably have bank debt and certainly rent a stadium from a football team after selling their famous old stadium to Tesco against their fans' will.

Rogues thats poor trolling even for you





now go and have another nice cup of tea , and relax , and let us watch our shiny new stadium in the evening sunshine.

Why do you care? How does it affect you? As far as I can see it doesn't and you're just very, very jealous. Mike Coleman is a Saints fan with very deep pockets and we are very lucky to have a fan like that. You're just jealous because it didn't turn out that way for the pies. You could always try being pleased that someone is prepared to put a large sum of money into your favourite sport...

Quite a few of the wigan fans have been honest enough to admit to being envious of a purpose built RL stadium, whilst the more bitter (i.e. Rogues) continue to try to pick holes in it and pretend that they love renting a soccer stadium.

It doesn't bother me at all. I was asking a sensible question and certainly one I would have asked at Wigan.



Do you believe that Coleman has given Saints that money? I don't know his personal finances but wouldn't imagine he got rich by giving his money away.

Do you think that investing in a RL stadium/ team is a good investment? If he is a billionaire then I suppose it's not a problem.



If I was investing that sort of money I would expect some return.