Okay just taken a quick look.
It was the company's first year of trade so we know that during 2017 the company made losses of roughly £580k. We'll never know the breakdown of that though unless someone has access to the full accounts.

In addition to that, the company had debts (owed money to others) totalling £790k, of which roughly £115k were due to paid within the next 12 months.

There was also about £96k sat in the bank at the balance sheet date.

A horrendous year but fully expected.

So we know someone stands to make some decent money when the land is flogged otherwise no-one (other than a Bulls fan Euro Millions winner) would drop that amount of cash down the wishing well...

Who's the masked money man?
Woody?
Is Chalmers more minted than we know?
Or is Madman Fookrash about to hove into view?

I can't wait for the film!

Am I over simplifying things by saying that either:

A) we have a hidden investor; or
B) we have no hidden investor and will go bust.

If that level of debt is being accrued on ACs shoulders alone then we're surely effed. Or am I missing something?

Rather than an "investor" we have someone that is covering the bills. One doesn't "invest" in a Championship RL team.

I just hope he/she hangs around and doesn't decide to stop covering those bills. I suspect the Odsal site is the reason they're hanging around.

It's not impossible to run a club in a sustainable way but probably not at Odsal. Look at Batley who balance their books and have a great setup. If fans are happy with just being in the championship that's the model to follow. Going any further requires extra cash.

Interesting point. Ive no inside knowledge at all on who is covering the losses. If you were asking me to guess though, I would speculate he is a newly enobled Knight of the Realm, based in New Zealand.

And yes, hopefully he will hang around. We certainly need him.

Could be the Knights of Ni for all I care

Who would that be, in plain English?

Graham Lowe

What makes you think he is minted?

I haven't got a clue if he his or isn't but he just got a knighthood so going by clues given by others

I wouldn't be surprised if it's Nigel Wood.

]

Or a mate of his

Its not impossible to run a club within its means however it just involves setting budgets early and forecasting accurately.

This year Leigh's board were given a budget of £300k by Derek to spend on the roster as he said he was going to put nothing in this year and let Toronto do their thing, this was based on a budget of 1700-1800 paying customers. It quickly became apparent early on that the crowds were much higher than predicted (AVG 3000) on the back of the "local lads" push and surplus funds were accruing in the bank.

Add to that Corporate/Leigh TV/Lottery/Events/Golf days/player sponsorship/Club shop/away match pre-sales and the playing shirt/training gear getting Super League levels of sponsorship income we sit in a really good financial place and Derek has had to put nothing in this year.

Our recent signings are an indication of a strong financial position and if Derek wants to splash the cash & roll the dice again and go head to head with Toronto/Toulouse in the payoffs then I expect we will see a few more old faces back.