From the figures shown, the loss was £1.38m from a turnover of just £4.83m, which is staggering.
I don't think that Tesco paid Saints any money. They just put some money into the whole site development, as did Saints and the Council etc.

It would be interesting to know what the actual cash outflow is (rather than the "loss" which is an accounting term and may include provisions and other non-cash items). Presumably it's quite a large figure over recent years. Is McManus stumping up the cash to keep the club ticking over?

Wigan are in no position to crow. Our turnover is suspiciously low, I suspect the deal with DW's stadium company is a lousy one.

Lenegan is happy with the deal. Turnover looks low because we don't get a lot of the incidental income from things like food & drink sales, but that's countered by the relatively low expenses.

If we owned the DW, we'd have a much higher turnover, but much higher expenses.

Sorry Rogues rephrase that we will be making a profit.

You're right that our costs are lower than they would otherwise be and you're right that Lenegan has said he is happy with the deal. I still suspect it is a lousy deal though, our turnover figure suggests we are giving up a lot more revenue than just food and drink sales.

10% of tickets sales aint it?

Heard that from IL at a Fans Forum, great deal. A lot less than the outlay required to maintain, heat, light a 26,000 stadium outright I'd say.

The last published accounts (for the 2009 season - last season's due anytime in the next two weeks) show we paid about £180k for the season which is incredibly good when you consider the costs involved of maintaining and running a stadium.

If you assume an average ticket price of £10, 13 regular league season home matches and 15,000 average crowds then that equates to £1.95m (£1.755m after the 10% deduction). That ignores cup (ignoring Wembley for these purposes) and play-off revenue which you would imagine would take the figure to over £2m. That's nearly half way to total revenue and there's hospitality, sponsorship, advertising, merchandising and SKY TV money to add to that. I've got the latest accounts somewhere and will dig them out and have another look to see if there's any indication in there, but I suspect there's more income going to the stadium company than just 10% of ticket sales and drinks and food on matchdays. I'd be happy to be proved wrong though as it would be good news!

I thought hospitality all went to the stadium company

Interesting, I've been told by the marketing staff that the club get the revenue from the boxes and tables, raffles etc, though the bar revenue goes to the stadium.

The bottom line here is that its all a bit uncertain. Wigan RL is a private company so IL is within his rights not to give a clear statement on what exactly goes to the stadium company but I think it would be helpful if he actually spelled out the detail of the deal.