Glad to see that this thread finally gained momentum.
Last night’s win at least gives us some hope.
But the fact that three directors have left and the board now consists of the PR man and a 23-year-old lad suggests that there are more questions than I would expect to see answered in the Wgan Observer.
Donny’s point is a good one. If Whelan has gifted the club its stadium, training ground and academy site then he can justifiably be said to have put real money in, and we will be an asset-rich football club.
If somehow they actually sit on the balance sheet of one of his companies, then we are susceptible to rent, mortgage and market fluctuations in perpetuity. What if those companies go bust, get taken over, or change our terms?
Maybe, as people are saying, the TV money, transfer receipts and parachute payments did all go on paying Premier League wages. If so – and the club doesn’t actually turn out to own anything – that seems reckless and short-sighted to me.
