Club Finances and Possible Future

Forums Latics Crazy Forum Club Finances and Possible Future

  • This topic has 122 replies, 23 voices, and was last updated 1 year ago by horchorc.
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  • #162377
    StandishWalkerStandishWalker
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    I agree to an extent. I’m not saying my figures are spot on, but I’m sure we can all agree that we will have to make significant changes if our long term future is League 1/Lower Championship.

    You mention money from the sale of Burn, Morsy and Grigg. Another example of premier league money being invested and potentially offsetting any future loses. It wont last.

    You can’t have a business model that relies on having a player to sell for millions every year.

    Our long term future will be relying on a wage budget less that half of what we currently enjoy.

    Unless, of course, you have an academy that produces these players on a fairly regular basis like Mddlesbrough and Crewe have done in the past.

    We’re starting to show signs of producing decent players from the academy, so fingers crossed, we get promoted this year and can keep that up.[/quote]

    We may have decent young players in the academy but how many are close to making a significant break through?

    We have an advantage over the majority of League 1 at this moment in time. The advantage will disappear (or significantly reduce) next season.[/quote]There are a few who are out on loan at present who could potentially be first teamers or sold for a profit next season.

    No seven million pound players yet, but it’s definitely a step in the right direction from when Bruce pretty much closed down the academy and took all emphasis away from youth development in order to channel the funds into sustaining a high first team wage bill.

    #162379
    bigroybigroy
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    Not disclosing that but I can 100% tell you it’s true. Wildschut was only one last year to be earning same and Sharpe has brought wages to much more sensible levels. Be surprised now if wages are over 5 million. Don’t believe everything you read in papers!

    #162385
    r_p_mcmurphyR_P_McMurphy
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    Don’t believe everything you read in papers!

    Or on a fans messageboard. I don’t believe that you have personal salary information of our players.

    Why was our wage bill well over 10million the last time we were in league one and not this time? How do you account for This 60% fall in wages you are now claiming to below 5million?

    I’m getting a strong wiff around here.

    #162386
    r_p_mcmurphyR_P_McMurphy
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    I agree to an extent. I’m not saying my figures are spot on, but I’m sure we can all agree that we will have to make significant changes if our long term future is League 1/Lower Championship.

    You mention money from the sale of Burn, Morsy and Grigg. Another example of premier league money being invested and potentially offsetting any future loses. It wont last.

    You can’t have a business model that relies on having a player to sell for millions every year.

    Our long term future will be relying on a wage budget less that half of what we currently enjoy.

    Unless, of course, you have an academy that produces these players on a fairly regular basis like Mddlesbrough and Crewe have done in the past.

    We’re starting to show signs of producing decent players from the academy, so fingers crossed, we get promoted this year and can keep that up.[/quote]

    We may have decent young players in the academy but how many are close to making a significant break through?

    We have an advantage over the majority of League 1 at this moment in time. The advantage will disappear (or significantly reduce) next season.[/quote]There are a few who are out on loan at present who could potentially be first teamers or sold for a profit next season.

    No seven million pound players yet, but it’s definitely a step in the right direction from when Bruce pretty much closed down the academy and took all emphasis away from youth development in order to channel the funds into sustaining a high first team wage bill.[/quote]

    Bruce channelled funds away from youth development? That’s a big claim.

    How much do you think the club was spending on youth development at the time?

    How much of the £40million+ a year wage bill was thanks to channelling money away from youth development?

    #162588
    r_p_mcmurphyR_P_McMurphy
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    Just bumping this back to the top of the board because it may become a hot topic tomorrow.

    #162589
    AbramLaticAbramLatic
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    According to Alan Nixon (twitter) something in paper tomorrow re Latics, major news apparently. Seems it may be something to do with investment.

    Just on that topic, noticed a reminder yesterday of how hard things can be in this game when Southend have to come up on the train on the day of a game (not unusual for teams to use railways, but not on day of a game) and then resort to walking back to station after match

    #162590
    bigroybigroy
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    Being taken over by Chinese businessmen apparently. Oh the irony!

    #162591
    r_p_mcmurphyR_P_McMurphy
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    New Far East ownership. Due diligence and Deal agreed according to Nixon.

    I personally hope this isn’t true. It will spell a period of uncertainty just when we are settled on and off the pitch.

    #162592
    r_p_mcmurphyR_P_McMurphy
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    Being taken over by Chinese businessmen apparently. Oh the irony!

    You never answered my questions above Bigroy. I assume you avoided the questions because you had no answer to them?

    #162593
    jimmycjimmyc
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    https://www.thesun.co.uk/sport/football/4690510/wigan-athletic-league-one-takeover/

    Just heard about this myself… time to worry, or a good thing?

    #162595
    BullittBullitt
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    Carabao, League cup sponsors?

    Fuck the EFL

    #162596
    r_p_mcmurphyR_P_McMurphy
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    Carabao, League cup sponsors?

    Are you genuinely asking if the Thai Company “Carabao” is the Chinese group rumoured to be taking over?

    #162597
    The EggThe Egg
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    Not sure I like this. Whilst we have had an up and down few years on the pitch we have been pretty solid off it due to Whelan covering debts and using personal money to give us the best facilities. New owners might throw money at us early doors but how long before they fire off and leave us in the shit like our dear friends down the road if it goes wrong?

    #162598
    Vat69Vat69
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    I love it. Whelan doing what is best.

    If he passed away as club owner, Barclays would immediately call in the debts…the loans Whelan took out for the club and which he has been guarantor for. It could put Wigan in serious trouble. Apparently Barclays risk management team has us on the ‘at risk’ list.

    This takeover will do away with that possibility. The Football League has learned a lot from previous foreign investments and takeovers, with thorough testing and examining if diligence.

    #162600
    bigroybigroy
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    Being taken over by Chinese businessmen apparently. Oh the irony!

    You never answered my questions above Bigroy. I assume you avoided the questions because you had no answer to them?[/quote]

    Will PM you.

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Forums Latics Crazy Forum Club Finances and Possible Future