Wigan/Leeds Andy wrote:
You need to find out when accounts have to be filed with Companies House.
HTH.
True.
Although a substantial ongoing support of the Lenagan family is mentioned in the accounts to see wigan through 2010/11 season.
it also says that
additional loans from the family are necessary so the chances are he will re-structure the debt owed to his family.
However, this does not solve/disguise the ongoing trading losses of wigan even with your high support levels; whereas we can grow to reach profitability which = sustainability.
How can wigan trade their way out of continuing losses when you are going full pelt and having to borrow more and more from its owner?