Quote Deano G="Deano G"I will do, but you're talking here about the creditors of the club not whether the club is being run consistently at a profit.
If what you're saying is correct then there may be a change of ownership at the club in 2018, but that is a different question from whether its revenue exceeds its costs each year. Good to hear though that there is someone waiting in the wings (presumably with cash available to help the club) who is ready to step in.
We don't have that at Wigan (as far as I am aware), though the financial position is much better in both trading terms and in terms of the amount of debt owed to shareholders (the debt of the Wigan club to IL is a fraction of the debt owed to Saints directors).
At the risk of going off topic and derailing a thread I started... what would be the reaction of Saints fans to a takeover by Mike Coleman?'"
As has been said, Most of Saints costs will still extraordinarily come from the stadium, the cladding, the catering etc. All these are ironed out very easily with a few extra mill borrowed
it's like paying off a mortgage in a couple of years, the numbers take a major hit while you do but your all the better for it after.
As for Coleman, I'm glad there's a succession plan in place. As sad as it will be for McManus to go, who is a club legend on equal standing of the likes of KC, I trust his judgement on his successor - and I'd imagine he'll stay on for life in some capacity. As for Coleman, he certainly has the money, what he does with it only time will tell...
