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It has been suggested on ‘ Latics Speyk ‘ that we have lost £7.7 million on the year..as this information has been highlighted on ‘ Facebook/Twitter ‘ .. this may or may not be true [ the figure that is ]. I don’t know the exact [ March ] date for the publication of the Accounts [ ? ] , but I would have thought that Companies House have in place strict and severe Rules of Practice in these matters .. not .. ‘ it was written on the back of a fag packet ‘ approach ,and that any disclosure of relevant Financial information would have to be dealt with within those strict rules and that any deviance fron them would attract severe penalties .Only a small number of individuals would be aware of the said Account details . and that that group wouldn’t include whoever makes the halftime brew ..if this suggestion is true , then information has been leaked ..coincidently , those were the published losses for 2018 ??? .
https://find-and-update.company-information.service.gov.uk/company/13161421/filing-history
£7.7m loss. Would have been £10m if it wasnt for Dan Burn’s sell-on fee.
Wages 156% of income – that is not good. Nor is the directors taking out 4 times what they took out the previous year.
No wonder the owner isnt throwing his cash around. Everyone knew that whoever bought the club would have to have deep pockets to fund the shortfalls.
On the bright side, stadium rental brought in £657,774
For someone who doesn’t have an interest in us you don’t half follow us about.
Rather than give it to charity, I could give you that £20 to see if you’re able to buy a life with it.
Thought you’d banned yourself for acting like an arse.
Rest assured, I will be putting your £20 to good use in an area that befits your attitude.
The ground is a white elephant. The running the up keep and staffing is a huge financial burden on the club. It needs to be multi purpose get concerts events hire it out like those numptys in Horwich.
I personally think the council should step in and help out with the running/ maintenance cost considering both codes play there.
We can stump up money for a new market 35 years after the other was built, new £200million roads and endless bellend schemes because if we don’t both clubs at some point will have to move out.The ground is a white elephant. The running the up keep and staffing is a huge financial burden on the club. It needs to be multi purpose get concerts events hire it out like those numptys in Horwich.
I personally think the council should step in and help out with the running/ maintenance cost considering both codes play there.
We can stump up money for a new market 35 years after the other was built, new £200million roads and endless bellend schemes because if we don’t both clubs at some point will have to move out.It’s a ground ,just like any other .Why is it a white elephant you have to ask? The Council are a disgrace for allowing the Warriors to sell food and drink at the Robin Park arena before Warrior games. This would be a revenue stream ,and rightly so ,for Latics. After all they get away with paying £600,000 rent ( look what other clubs are paying). If they can’t play ball ,then ask them to play somewhere else we can then make it a proper multi use stadium instead of having our hands tied behind our backs. Nothing against Warriors fans by the way but I just think the Latics hierarchy need to get a bit more savvy.It’s our stadium we need to make it work for us ,not the Warriors.
The Supporters club bar generates profit for the club – would you have the council close all the local pubs down on Latics match days?
£13million on staff cost which includes players wages. We have more than the average club of players of our size on £10k+ some on 12k 15k 18k. Is that sustainable? no certainly not.
We have no player of any value to sell on we basically are been bled by average players and injured players.
Were playing out reputed £50k-£60k a week on 4 players alone which equates to roughly £2.5-£3million 3 of which don’t even play.Why why why are we living above our fcukin means again ?? why ?? have we not learned our lesson?.
As for the stadium ?, unlike a shop or superstore that can change its usage other than show sports.Its a simple equation to run a business,
Have minimum the same amount of money coming in to what goes out. Once it drops below that level you are reliant on handouts or accumulate debt.
That player wage bill needs to be smashed apart and get rid of them all
1) cost
2) They are sh1tThought you’d banned yourself for acting like an arse.
Just got bored of seeing you posting crap. Started reading and posting on message boards of clubs that I have no interest in. Oh no, wait, that would be a really sad thing to do wouldn’t it.
Rest assured, I will be putting your £20 to good use in an area that befits your attitude.
I give to multiple charities so I’m pretty sure it will something befitting.
£13million on staff cost which includes players wages. We have more than the average club of players of our size on £10k+ some on 12k 15k 18k. Is that sustainable? no certainly not.
We have no player of any value to sell on we basically are been bled by average players and injured players.
Were playing out reputed £50k-£60k a week on 4 players alone which equates to roughly £2.5-£3million 3 of which don’t even play.Why why why are we living above our fcukin means again ?? why ?? have we not learned our lesson?.
As for the stadium ?, unlike a shop or superstore that can change its usage other than show sports.Its a simple equation to run a business,
Have minimum the same amount of money coming in to what goes out. Once it drops below that level you are reliant on handouts or accumulate debt.
That player wage bill needs to be smashed apart and get rid of them all
1) cost
2) They are sh1tPretty much every single football club “lives beyond its means” and that is the problem with the game. Hemmings was putting something like £12m a year into PNE to balance the books and they claim they don’t overspend.
Last season was a strange one in that we needed to being players in to an environment that nobody had any idea how it was going to develop and so we probably had to pay over the odds for players. Perhaps we should have cashed in on a few when their stock was high.
If the owners are happy to keep putting their hands in their pockets until we get to where we want to be, then there’s no issues. Do people think we broke even under Whelan without any investment from him? The problem is, that will only ever last so long especially when there is no connection to the club.
Why don’t they convert the more redundant space into facilities businesses could use daily as the car parking facilities are fantastic.
Loads of businesses use football stadiums for big conference facilities and given the transport links surely the stadium would be very popular.
Selling players is another Avenue we need to go down and youth players are the main way to do this.
Club is perfectly positioned to snatch all the reject youth players from the big four clubs nearby.
One good player sold each year would keep club breaking even possibly.The stadium used to be used for conferences pre-Covid. Whether it is still seen as a good venue I’m not sure.
The club ethos has always been to produce players and sell them on whether that was signing players for nothing (Valencia and Palacios) or now since the academy in-house. Sadly we didn’t get to make the money we deserved from the first batch so it’s about waiting for the next set now in Lang, Hughes, Aasgaard, Sze etc.
We were always going to post big losses last season with the state of how the club was.
Why don’t they convert the more redundant space into facilities businesses could use daily as the car parking facilities are fantastic.
Loads of businesses use football stadiums for big conference facilities and given the transport links surely the stadium would be very popular.
Selling players is another Avenue we need to go down and youth players are the main way to do this.
Club is perfectly positioned to snatch all the reject youth players from the big four clubs nearby.
One good player sold each year would keep club breaking even possibly.The Supporters club bar generates profit for the club – would you have the council close all the local pubs down on Latics match days?
It’s a deliberate policy by the Warriors to encourage their fans to buy food and drink at the Robin Park Arena in order to minimise any profits the DW stadium might make ,that is the difference. They already pay minimal rent but still they are not happy. As owners ,Wigan Athletic are entitled to make revenue from their stadium.The Council should never have allowed the Warriors to sell food and drink at the Robin Park Arena on Warriors match days. It’s a disgrace !
£55K a game for a stadium in a shit-hole part of a run down Northern town versus what West Ham pay for exclusive use of the Olympic stadium?
I’ll have a pint of whatever you are drinking!
With regard to the other matter – perhaps your owners should have been more welcoming, instead of pandering to the anti-rugby minority. Result is you and your ilk get to fund the shortfall through increased season ticket prices.
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