bertie says..

Forums Latics Crazy Forum bertie says..

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  • #7159

    The man with a face like dropped pie,from mackem city,cant have figgy.
    Looks like its groundhog day again.
    We’ll see if he sticks to it this time. :roll:

    #7160
    leighlaticAndy
    Player

      http://www.skysports.com/story/0,19528, … 70,00.html

      when hes directly asked if we receive an offer would we sell he still doesnt say no.

      Intresting that he also says that were no longer in a position where we have to sell players. Why on earth was we in postion to sell players anyway? There cant be many debts because we dont spend any bloody money

      #7161

      He said the same about Cattermole if you read back mate.

      #7178

      There cant be many debts because we dont spend any bloody money

      No debts?

      http://www.guardian.co.uk/football/tabl … wages-debt

      #7323
      Hindley blueHindley blue
      Player

        There cant be many debts because we dont spend any bloody money

        No debts?

        http://www.guardian.co.uk/football/tabl … wages-debt

        Tried the link you provided but it ain’t working.

        #7326

        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.

        #7335
        Viscious_FingerPaul
        Player

          Garswood, facts are not the done thing on here.

          See a big number (lets say 43m for example ;) ) and then proclaim “Well there’s no way we could have spent that, Whelan must be creaming it in”.

          Do it without engaging brain, without looking for references to back up your silly claims and most definitely with no consideration for what our true level would be without the investment from DW.

          Personally, i’m not bothered what level we are playing at but I am bothered that there should always be a Wigan Athletic. The club is now being run as a business instead of a rich mans plaything. As far as i’m concerned this is a positive step as it means the future of the club after Whelan has gone will be secured as long as we continue to live within our means.

          Everything isn’t rosy but by no means is it tragic. I wonder if the moaners will still be around when we find our natural level within the game based on turnover etc and not from being bankrolled.

          #7392

          ”Wages as proportion of turnover 89%”

          that is the most worrying part for me

          im no financial expert , but i assume the remaining 11% from the gate money etc goes to service the debt ??

          #7407
          Highest paid director Brenda Spencer, amount not declared

          I thought the chairman and the directors would take a dividend not a salary, and if there was a loss, how can she draw money from a loss-making organisation?

          And how much money has she pumped into the club?

          #7409

          She is Chief Executive, and hence an employee, as well as being (presumably ex officio) on the Board of Directors.

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