› Forums › Latics Crazy Forum › bertie says.. › bertie says..
Try again:
http://www.guardian.co.uk/football/2009/jun/03/english-premier-league-debt
Accounts for the year to 31 May 2008
Ownership Dave Whelan and family, via Whelco Holdings, registered in the UK
Turnover £43m (up from 27m the previous year, an increase of 59.2%)
Wage bill £38.4m (up from £27.5m the previous year, an increase of 39.6%)
Wages as proportion of turnover 89%
Loss before tax £11.2m
Debts £66.4m
Interest payable £1.7m
Highest paid director Brenda Spencer, amount not declared
State they’re in Wigan Athletic are where they are, in the JJB Stadium and in the Premier League, solely due to the patronage of local market trader made good, Dave Whelan. Interest free loans from his holding company were increased to £35.6m, and Wigan were given another unsecured loan of £7.5m assumed to have come from Whelan. Barclays Bank maintained their funding at £23m because of Whelan’s backing. The accounts make it clear that Wigan, who expect to continue to make losses, would not be solvent without Whelan’s financial backing.



