Whether it was KR as an asset or the cash collected from the sale, they'd count the same on the balance sheet (assuming it was accurately valued).
The negetive side of things will come from the long term liabilities in the form of the money borrowed from McManus's investors. If this debt is wiped off in exchange for shares, as is implied, that will put us into the black.

Now thats the sort of post from a wiganer I have respect for.
Take a note troll,you know who you are.

Unless the money from the sale had been paid out to contractors. Either way, it'll take a few years for things to be ship-shape, but you'd think we're on the right track now.

Im no expert but including Warrington rugby in the figures wiped £2.84m off the valuation of the company?

No flies on you!

Warrington Rugby Club took out the bank loan to pay for the fitting out of the stadium. The majority of the negative net worth of that entity is the outstanding debt on the loan so when these figures are consolidated into the Group's accounts (Warrington Sports Holdings) then its net value drops from £12m+ to £9m+.

Obviously the areas that have been fitted out in the stadium generates revenue that is reported through Warrington Sports Holdings accounts and has contributed to it reporting a profit in four out of its last five sets of accounts (all done without a single shareholders' meeting for Warrington Rugby Club as well; amazing hey?).

Ah ok fair enough so its money you owe the bank thats taking value off the company, i just thought it was odd as Wire was making profits but worth minus £. Fair enough. All this cock measuring about how much we're worth and how much profit we made is fickle and abit boring. We need all the clubs to be self sufficent and rather than bicker about it we should applaud any clubs breaking even and making a profit and use it as an example for all the others to follow.

Of course we should It's when posters come on telling everyone that only two rugby clubs make a profit (Leicester and Leeds) that fans the flames.

I know what your on about, all we can do is educate Brian, according to some rugby was only invented in 1996 but thats for another topic

It certainly was.
Apart from that Alsatian dog that nearly took my arm off on the way back from Keighley and Wigan Bob claiming "free ice" whilst magically pulling a glass of Bacardi from his pocket on Boxing Day at Swinton.

Seriously, that season we met some of the most passionate and most welcoming Rugby League supporters ever.

And we made a final that year

Perhaps reports show it this way as those two clubs have assets of their own grounds!

They did.
Boxing Day at Station Road (the Wigan Bob free ice day) and Good Friday at Central Park.

I have a feeling Green Vigo scored against us in at least one of those matches.