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.

There's no reason why both can't be true. You can have negative assets/ be liable for more than you own, as well as still posting a profit. There's no reason why both can't be true.

The accounts were last published up to and including last august so any and all transfer fees after that date won't be included no.

Whilst Wigan are free to move money around, convolute the process, and try best the system any way possible, not being truthful in these documents is a very serious crime

Are you suggesting IL has lied to the inland revenue?

Magic superbeetle - I have literally no idea what you're on about. You don't pay tax on cash, you pay tax on taxable profits. Cash at bank is not a fixed asset.

Dubairl - I doubt IL is lying when he knows that the information is in the public domain. I can't remember what was in the actual accounts, but I would imagine that a large proportion of the 6 mil Wigan owes is owed to IL, and he has no intention of asking for it so isn't including that when he says that they are in the black.

What has all this to do with Catalans??

Nothing, but why let that get in the way of a dick measuring contest?

Having been the Dragons ground on a non-matchday there seems to be plenty going on.

They have lots of rooms being used for various activities. Surprising really as they are a little way out of town.

What an odd post.

Cash at bank is a current (floating) asset, not a fixed asset.

As for moving all your profit into a bank account - eh?!

Methinks this is a case of a little knowledge being dangerous

Wigan have minimal assets compared to Saints and Leeds and, consequently, they can't sweat them for anything like as much. If Central Park was still there things would be different. But as it stands, the club is, one would assume, in a difficult position although IIRC they've tried to open up new income streams away from the DW?

Late to this but as mentioned, Leeds have it very easy and the club is in many ways a licence to print money. That's easier said than done and Hetherington does a good job but there are lots of areas that could be improved upon. They are excellent at wooing and wowing corporates but the fact that money in those areas is so easy to make means, in my view, they have failed to fulfil their potential in others - marketing is often poor and merchandising is, frankly, crap.

If all clubs in SL were in as terrible financial state as wigan, RL in this country would be in much better shape

Wigan Rugby League Club Limited is technically insolvent. It relies on the support of its owner as do almost all other RL clubs in the country and that is not a problem; but it is not what you would call conventionally healthy.

I thought Wigan had made a profit for the last few years?, and thats before last years fire sale of players

They may well have done but that doesn't extinguish millions of pounds of directors loans/director's company loans. Last time I looked at a set of Wigan accounts they came to £3m+. If the club is running profitably now that is an excellent turnaround - although its worth noting that it may not be the intention for the company to make significant long-term profits anyway - break-even may well be enough for the owner so discretionary spending, such as community work or grants to related foundations, may be ramped up or down.