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del capo

D W Stadium - Wigan Warriors

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That is in addition to losing £7.6 million the year before. The £9.2 million loss for the year to 30th June 2019 even includes making a profit of £3.75 million on player transfers. The Latics are no where near sustainable in its present form.

Edited by Damien

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2 minutes ago, SL17 said:

Peanuts to Whelan. Who is yet to bid.

Ah, so the immediate discussion is the Latics' losses.  Im with that now.  Apologies. I'm not sure Whelan can sustain £9 million.   But the Latics are bankrupt, that is the point.  "New  Latics" will get relegated and will run their affairs afresh.  

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10 minutes ago, SL17 said:

Peanuts to Whelan. Who is yet to bid.

Whelan hasn't said he is going to bid, he has said he will see how he can help, as at 86 he can't seeing himself wanting own it again.


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Radio 5 Live: Saturday 14 April 2007

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21 minutes ago, Rupert Prince said:

I do not see where you get losing £9 million a year, when the accounts for 2019 show a loss of £1.4 million. 

The club is not making money right now1, but it's working to improve its turnover and it's not losing £9 mil.

I think you are you confusing the soccer club and the stadium, they are two seperate businesses.

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Radio 5 Live: Saturday 14 April 2007

Dave Whelan "In Wigan rugby will always be king"

 

This country's wealth was created by men in overalls, it was destroyed by men in suits.

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8 minutes ago, Padge said:

Whelan hasn't said he is going to bid, he has said he will see how he can help, as at 86 he can't seeing himself wanting own it again.

He hasn’t said he’s not. Possibility is still there. 

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9 minutes ago, SL17 said:

He hasn’t said he’s not. Possibility is still there. 

If he wanted to own Latics he wouldn't have sold them. What he has said is "I am going to have to see if I can help in any way, shape or form.”

I would say that that statement is basically saying I'll try to help but I ain't buying it.

 


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Radio 5 Live: Saturday 14 April 2007

Dave Whelan "In Wigan rugby will always be king"

 

This country's wealth was created by men in overalls, it was destroyed by men in suits.

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7 minutes ago, Padge said:

If he wanted to own Latics he wouldn't have sold them. What he has said is "I am going to have to see if I can help in any way, shape or form.”

I would say that that statement is basically saying I'll try to help but I ain't buying it.

 

Agreed.

If it's going to happen it will be a consortium.

If Whelan , the Ainscough's and Lenegan do get together  ( and they have had business dealings before ) then they certainly have the financial muscle. Martin Ainscough's crane hire group has to be worth the better part of £ 500 million alone......

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10 minutes ago, del capo said:

Agreed.

If it's going to happen it will be a consortium.

If Whelan , the Ainscough's and Lenegan do get together  ( and they have had business dealings before ) then they certainly have the financial muscle. Martin Ainscough's crane hire group has to be worth the better part of £ 500 million alone......

 

The last line of the Wigan Club statement states "This initiative is led by Ian Lenagan, Darryl Eales and Gary Speakman."

All three have experience of running football clubs.

 

Just now, Futtocks said:

Seen that earlier, quite amusing.


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Radio 5 Live: Saturday 14 April 2007

Dave Whelan "In Wigan rugby will always be king"

 

This country's wealth was created by men in overalls, it was destroyed by men in suits.

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I'd be concerned from a Warriors perspective about a conflict of interest if Lenegan and co bought Athletic. Given the stadium needs all the revenue it can get, and with Athletic owning 85%, there's a huge incentive to maximise this. However, the Warriors have just setup a Robin Park next door for the pre/post match hospitality which generates return directly to the Warriors. Clearly these 2 aspects are competing

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2 minutes ago, DoubleD said:

I'd be concerned from a Warriors perspective about a conflict of interest if Lenegan and co bought Athletic. Given the stadium needs all the revenue it can get, and with Athletic owning 85%, there's a huge incentive to maximise this. However, the Warriors have just setup a Robin Park next door for the pre/post match hospitality which generates return directly to the Warriors. Clearly these 2 aspects are competing

If Lenegan did the right thing and the Latics share of the stadium was split 50/50, which should have always been the case until Whelan twigged that the Football club was worth diddly squat without it, then there would be no need to have pre/post match hospitality at Robin Park.

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4 minutes ago, Damien said:

If Lenegan did the right thing and the Latics share of the stadium was split 50/50, which should have always been the case until Whelan twigged that the Football club was worth diddly squat without it, then there would be no need to have pre/post match hospitality at Robin Park.

But Robin Park would still remain a cost burden to the Warriors then. 

The only beneficiaries of Lenegan and co buying Athletic would be Athletic, unless they did an asset strip/re-alignment

Edited by DoubleD
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3 minutes ago, DoubleD said:

I'd be concerned from a Warriors perspective about a conflict of interest if Lenegan and co bought Athletic. Given the stadium needs all the revenue it can get, and with Athletic owning 85%, there's a huge incentive to maximise this. However, the Warriors have just setup a Robin Park next door for the pre/post match hospitality which generates return directly to the Warriors. Clearly these 2 aspects are competing

That problem is easily solved Lenagan and co (Latics) give Lenagan and co (Wigan) a cut of their own bar takings in the stadium, Lenagan and co (Wigan) stops operating a rival bar next door (its only a temporary pop up and not a permanent feature) and encourages supporters to use the stadium facilities.

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Radio 5 Live: Saturday 14 April 2007

Dave Whelan "In Wigan rugby will always be king"

 

This country's wealth was created by men in overalls, it was destroyed by men in suits.

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Just now, DoubleD said:

But Robin Park would still remain a cost burden to the Warriors then

Its primarily a training complex and houses what was at Central Park. The pre/post match hospitality there is essentially a bit of a make the best of a bad situation as they get no revenue from the DW.

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12 minutes ago, DoubleD said:

I'd be concerned from a Warriors perspective about a conflict of interest if Lenegan and co bought Athletic. Given the stadium needs all the revenue it can get, and with Athletic owning 85%, there's a huge incentive to maximise this. However, the Warriors have just setup a Robin Park next door for the pre/post match hospitality which generates return directly to the Warriors. Clearly these 2 aspects are competing

Do two tiers of hospitality. First one at Robin Park where you have Pie and a Pint for £10 and then the proper higher end stuff in the ground. 

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1 minute ago, DoubleD said:

But Robin Park would still remain a cost burden to the Warriors then

It is a lot more than a bar, it the main offices, training facility and also part of Central Park Academy, along with public pitches which they hire out.

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Radio 5 Live: Saturday 14 April 2007

Dave Whelan "In Wigan rugby will always be king"

 

This country's wealth was created by men in overalls, it was destroyed by men in suits.

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Just now, Hela Wigmen said:

Do two tiers of hospitality. First one at Robin Park where you have Pie and a Pint for £10 and then the proper higher end stuff in the ground. 

They have higher end stuff in Wigan? Is there really demand for that? Or do they have fancier pies? 

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4 minutes ago, Padge said:

That problem is easily solved Lenagan and co (Latics) give Lenagan and co (Wigan) a cut of their own bar takings in the stadium, Lenagan and co (Wigan) stops operating a rival bar next door (its only a temporary pop up and not a permanent feature) and encourages supporters to use the stadium facilities.

Can you really see them doing this though?

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4 minutes ago, DoubleD said:

Can you really see them doing this though?

Oh yes, if that wasn't the plan there would be little point in doing it.

Latics were only given the stake in the stadium to make them sellable.

Edited by Padge
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Radio 5 Live: Saturday 14 April 2007

Dave Whelan "In Wigan rugby will always be king"

 

This country's wealth was created by men in overalls, it was destroyed by men in suits.

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2 minutes ago, Padge said:

Oh yes, if that wasn't the plan there would be little point in doing it.

Latics were only given the stake in the stadium to make them sellable.

I'm just not convinced that Lenegan will be doing to this to benefit the Warriors..............other than ensuring another tenant remains at DW to keep the costs down

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11 minutes ago, DoubleD said:

I'm just not convinced that Lenegan will be doing to this to benefit the Warriors..............other than ensuring another tenant remains at DW to keep the costs down

🙄 you have no idea have you.

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Radio 5 Live: Saturday 14 April 2007

Dave Whelan "In Wigan rugby will always be king"

 

This country's wealth was created by men in overalls, it was destroyed by men in suits.

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On 01/07/2020 at 14:12, Damien said:

I agree. I obviously want Wigan to buy it but a 25,000 seater stadium in the RL heartlands for events, with 2 sitting tenants too, should be a no brainer really. Sadly I doubt the RFL have the foresight. 

Let’s not get TheRFL involved ,this needs quick decisions.

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Imagine buying the best 2nd rower in the world AND the worst soccer club in the world in the same week.  Lucky Wigan.

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Just now, Tre Cool said:

Imagine buying the best 2nd rower in the world AND the worst soccer club in the world in the same week.  Lucky Wigan.

Not quite sure how you make them the worst soccer club in the world from 16th in the championship.

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