Well, I could be wrong about leasehold disclosures.
Looking at the 2023 accounts for St Helens, they include a 50 year long term leasehold valued at an eye watering ÂŁ31 million. However, strip out this leasehold and the net liabilities stand at an astonishing ÂŁ29 million. Leaving out the surplus on revaluation, Saints lost ÂŁ2 million in 2023. Blumming heck. And Saints' ultimate parent company, Crowther Street Holdings Limited, is incorporated in the British Virgin Islands