It's closer to 6,000,000 actually

Has it been verified by the club? because something tells me thats wrong or there is more to the story. Because there is 100 percent no way is being run with only 10,000 in cash.

Don't wore it'll be a little tax plan by IL . Wigan are hardly on the breadline

I think your right. I can't see IL telling people Wigans financial future is safe with only 10,000 in cash and close to 6,000,000 in liabilities.

And i don't think anybody can accuse wigan of being run poorly.

Quote Magic Superbeetle="Magic Superbeetle"Well ... Leeds (though tied in with the cricket) overview: companycheck.co.uk/company/00028301 ~15million net worth Saints overview: companycheck.co.uk/company/00331905 ~14million net worth Wigan overview: companycheck.co.uk/company/00174 ... UB-LIMITED ~ -2million net worth Chuckle away'" The Leeds one is just the RL club, the cricket are separate.

Quote Magic Superbeetle="Magic Superbeetle"Well ... Leeds (though tied in with the cricket) overview: companycheck.co.uk/company/00028301 ~15million net worth Saints overview: companycheck.co.uk/company/00331905 ~14million net worth Wigan overview: companycheck.co.uk/company/00174 ... UB-LIMITED ~ -2million net worth Chuckle away'" The Leeds one is just the RL club, the cricket are separate.

These are what the club publish with company house, all the website does is show you the overview (to make those interested buy more in depth reports) so yes, it's verified by the club, as it's the club who posted the figures.

Cash is a taxable asset, which is why no club should be posting large cash sum values.

The best way to put it is Wigan have the most they can hide from the taxman, as opposed to any specific liabilities - but there are more inherent risks with fluid cash (not so say that will affect wigan in any way under the current regime, but a lot more risk with poor management)

I don't think we're going bust any time soon.

Really?

And I always though corporation tax was paid on profit.

As google/ Starbucks proved - making a profit and being taxed are two different things

Couldn't agree more, but that has nothing to do with "cash at bank" which is what you were implying.

Cash at bank is a fixed asset, fixed assets can be taxed as deferred tax (if for example a company tries to avoid all it's corporation tax by moving it's profit into a bank account) is applicable - it's a bit of a grey area - but it's giving the taxman an excuse to basically accuse you of moving money around to avoid tax ...

Anyway the latest accounts are what they are (for whatever reason) and as was said, net worth of Leeds is around 15million and Wigans is -2million

IL has already came out and said the club is in the Black and not the RED and we have received over a million in transfers since that. Like i said those figures aren't truthful for what ever reason.