This has been posted on Red Vee:

Saints have released their accounts for the last season at Knowsley Road (financial year to October, 2010). The key points are:

- Losses are up by £500,000 to £1.38m, and total more than £3m in the last four years

- Turnover basically flat (£4.83m v £4.88m in 2009), which is £1m below its 2006 peak

- Sale price of Knowsley Road to Taylor Wimpey was renegotiated down by £1.625m

- Wage bill was 79% of turnover

- Eamonn McManus criticises the club’s management for its commercial failings, writing “it was particularly disappointing that full advantage was not taken of the commercial opportunities availed to the club from its last year at its historic Knowsley Road home.”

- The board plans another debt-for-equity conversion

It all makes for very sobering reading.

Here's the last dozen years, other people can judge whether this year's loss is worse than previous, and whether the trend in recent years is one we should be concerned about:

1999 -£569,205
2000 -£1,557,767
2001 -£940,745
2002 -£871,672
2003 -£376,699
2004 +£137,627
2005 -£31,161
2006 -£259,238
2007 -£400,348
2008 -£449,288
2009 -£861,810
2010 -£1,384,706

An interesting discussion is now taking place, a worry for the game ?

I think we have to pay a sum per person who has the hospitality, and we keep the rest.

If we didn't receive any revenue from it, it wouldn't be worth employing the staff to manage it.

I didnt think we did, its all a part of the stadium management isnt it?

It wouldn't make sense though.

Why would Wigan employ staff to manage the bookings and waste time and effort marketing the hospitality for no financial benefit?

Understand that, but what I am talking about is the turnover (income and revenue coming into the club), not the profit after costs (the things you mention would be costs). The c£4.6m turnover figure looks low to me.

get you now, its not bad considering players wages is far less than half of this.