Quote: Lebron James "Except it would be obvious because you would disclose it as an extraordinary item. At least a decent accountant would anyway. So wigans problem is that that they don't own their own their stadium? Tell me then Mr Grant price Waterhouse, How come saints own their own and are in the same predicament?'"
Saints losses are driven by depreciation of around £500k a year on a stadium they own - at an operational level they just around break even.
Wigan own hardly any assets so their depreciation is almost zero and their losses are entirely operational - or, if you swallow the Wigan PR blurb, "due to investments on and off field" (but which go straight to the P&L apparently).