He did.

Never good to see a top SL side making a loss, however it can be put down to a few things.

Widnes - crowds are down, I suspect they'd be paying Widnes for usage of thier stadia (can someone confirm/dispell this?)

Stadium - They've invested a lot into the new stadia, which I'll not go into the bleeding obvious why.

Trophyless - Yep, some fans won't of been going to Sts matches due to not having won anything for a few years. I'm 100% positive Sts will win a trophy again in the next year or so, so that should change.

C'mon, someone tell me I'm wrong

Trouble is the results are for the previous year.

It is a bit of a worry but hopefully within three seasons Eamonn reckons we will be back in the black.

Next year obviously we will make a loss because of Saints being at Widnes but with new backers and sponsorship deals because of our new stadium this should be good for the club.

How will that happen?
The accumulative losses over the last five years is almost £3.5 million and that's before this years losses.
It was stated on Red Vee a few months ago that it could take around 10 years to make up those losses, and that's if things go well.

Sports teams are generally a very bad investment. People have a go at the management of other clubs (and sometimes their own) but the reality is I doubt that that anyone involved in owning any SL side is in it for money. The question shouldn't actually be about when Sts make a profit - the only real question is whether the losses are sustainable.

I thought the finances had been brought under control by Mcmanus? The club will start to improve the finances when the new ground is pulling in revenue; but it will take some time to cover those debts.

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?