They will be owned by Saints when they've paid back the £6 million they have had to borrow to finish the stadium.

Wigan Athletic do NOT own the DW stadium.

Who's name is down as the owners of the Stadium now?

Hooo! Hooo! Hooooo!

I know htis one!



PS

Don't forget 14th Jan!

That's odd, I'm sure the title deeds to my house say I'm the owner, despite me having a mortgage.

I'd better go call a solicitor.

Call the mortgage company first, they hold the deeds to your house until it's repaid in full.

For the benefit of our friends across the lump; you might wish to give a precis of your role Mr M

Think that calls for a .....................

They have a legal charge registered over an asset that I own. Have a look at Britannia's books if you want - you'll see a loan to me on their balance sheet, not a house in Berkshire.

They'd still hold the deeds if my house was worth £1m and they were owed 1p, would you say they owned my house then?

come on Dave, quote the facts...

Please do, I'm intrigued to know how mortgage companies actually own properties, rather than owning loans with security over properties.

Could be I'm wildly wrong, wouldn't be the first time

Isn't it the mortgage lender who reposses and then try to sell on to reclaim some of their money back, if it wasn't their property then i don't think they would be allowed to sell it......would they??

That's like saying a Bank which has an overdraft secured by a debenture conferring a floating charge over a company "owns" the company.

They don't "own" the company, the shareholders do. The Bank has prescribed rights under its charge if the company breaches the terms of its lending, but it doesn't "own" the company.

Same with a mortgage over property as far as I can see? The Bank's rights over the property only kick in if you don't pay them back. They can't do anything otherwise, as they don't "own" the property - the title holder does.

And I thought the discussion on who invented the flag first, was boring. Boy was I wrong!