Again, a fair representation of the relative value of both club!!. AND....they clearly do love it...that's why 'tic-mon' is all over this thread crying his heart out and making up imaginary debts!!

And what would happen to Leeds, Saints, Wire, Huddersfield, Leigh etc if Caddick, Coleman, Moran, Davey, Beaumont et al decided to "call their debts in"

what?......

Exactly.You need to put yourself about a bit find someone with half a brain who can explain things to you.

I appreciate that might involve a long journey and an even longer conversation when you get there.Tek some of the above crew with you.

what?.....and tek?

So who exactly do Wigan RL owe money to? Other than maybe Ian Lenegan?

And I wonder if it's anything like the £22million saints owe to their backers?

exactly, I think they got confused with debts and losses

If they want to talk about losses, since Ian Lenagan took over Wigan have lost £4,540,000.

In that same period Saints have lost £12,345,00.

Well, at the risk of repeating myself
He actually said "big debts, losing money" so he didn't get confused, he said we had both.

PS

You will have noticed were still waiting for any evidence

im still waiting for a translation as to what he meant

You can talk to a bloke with a wooden leg but not one with a wooden head.

yes but IL has cleared them debts so we have 0 debts, we have losses but no debts, they seem to have a mental block when it comes to this

Typical 'tics morons. The town is full of them.....

Well Wigan did turn blue

only on away days

Quote ="Pieman"yes but IL has cleared them debts so we have 0 debts, we have losses but no debts, they seem to have a mental block when it comes to this'" https://www.totalrl.com/forums/index.ph ... -accounts/

Quote ="Pieman"yes but IL has cleared them debts so we have 0 debts, we have losses but no debts, they seem to have a mental block when it comes to this'" https://www.totalrl.com/forums/index.ph ... -accounts/

So where does that mention the word DEBTS? It mentions LOSSES which are not the same as debts.

It doesn't, hence my initial reply to them

But wigan (Leneghan) owe Leneghan holdings 5.9million (approx)
St helens on the other hand (no idea if the troll is a latics/saints fan, but there pretty much the same thing at times) owe their parent company 20million approx
Just short of a million mote than the previous year.

Nobody likes losing money (on average about half a million a year last 4/5years) but there are mitigating factors in that, there are some issues.

But its nice to be able to have an owner who doesn't seem in too much of a rush to release control whilst still investing in the club and keeping us at the top of British rugby league. Whilst at the same time having the knowledge that there would be lots of interested parties with SERIOUS interest in purchasing the club should/when he decides to move on.
I bet other sporting clubs would love that

How many times have you seen a rumour or story strongly denied only for it to turn out to be true?

There comes a time in everyones life that you have to wind down and enjoy retirement without any financial worries and IL at 75 years of age is no exception.

As the saying goes, there's no smoke without fire!

The concern is of course that IL decides to do what Latics owners did and stop signing the cheques and those losses then become debts. Aside from the Aussie experiment that doesn't really spell disaster (unless he then says we owe him that £5m) we would simply need to cut our cloth somewhere (staff presumably) or perhaps get more vigourous with our sponsors in terms of costs.

What happens at football clubs is that the losses are usually well into the millions and it becomes crippling if the owner has had enough or decides he wants his investment back. The policy of transfers being done "on credit" doesn't help either.

All fair points
And I know you are already aware of this, just for the benefit of certain others who WANT wigan rlfc to fail and can't get past their wigan green eyed envy and including those that continually criticise IFL for having short arms and deep pockets despite FACTS to the contrary, thats no different than nearly every club.

Exactly as I said earlier in the thread when it was mentioned that we rely on a sugar daddy. Find me a sporting club that doesn't.

Full? FULL?? The tics have never filled anything!!!




...Yes sadly there are still too many bitter and obsessed tics in the town, but thankfully they remain a noisy, whilst annoying, minority!