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Considering our current financial position, is a transfer embargo in the summer a real possibility?
League one isn’t covered by the Financial Fair Play. It is governed by the Salary Cost Management Protocol (SCMP). This protocol states that clubs relegated from the championship can spend no more than 75% of turnover on wages. We are currently operating at around 300%.
The penalty for over spending is a transfer embargo. If we fail in our bid for promotion then this SCMP penalty will apply to us, unless, the club owners make a one off cash injection which can count towards turnover. This cash injection would need to be in the region of 12Million to bring down the wage/turnover percentage. :blink:
I’m starting to fully appreciate why the Whelan family are selling up.
Considering our current financial position, is a transfer embargo in the summer a real possibility?League one isn’t covered by the Financial Fair Play. It is governed by the Salary Cost Management Protocol (SCMP). This protocol states that clubs relegated from the championship can spend no more than 75% of turnover on wages. We are currently operating at around 300%.
The penalty for over spending is a transfer embargo. If we fail in our bid for promotion then this SCMP penalty will apply to us, unless, the club owners make a one off cash injection which can count towards turnover. This cash injection would need to be in the region of 12Million to bring down the wage/turnover percentage. :blink:
I’m starting to fully appreciate why the Whelan family are selling up.
But don’t you know, the Whelans have made a stash of money out of Wigan Athletic and are jumping ship with the crown jewels while the going’s good? ;)
Considering our current financial position, is a transfer embargo in the summer a real possibility?League one isn’t covered by the Financial Fair Play. It is governed by the Salary Cost Management Protocol (SCMP). This protocol states that clubs relegated from the championship can spend no more than 75% of turnover on wages. We are currently operating at around 300%.
The penalty for over spending is a transfer embargo. If we fail in our bid for promotion then this SCMP penalty will apply to us, unless, the club owners make a one off cash injection which can count towards turnover. This cash injection would need to be in the region of 12Million to bring down the wage/turnover percentage. :blink:
I’m starting to fully appreciate why the Whelan family are selling up.
There has to be a dispensation period though because you can’t just cancel contracts so it will depend on that and exactly what contracts players have in place.
Considering our current financial position, is a transfer embargo in the summer a real possibility?
League one isn’t covered by the Financial Fair Play. It is governed by the Salary Cost Management Protocol (SCMP). This protocol states that clubs relegated from the championship can spend no more than 75% of turnover on wages. We are currently operating at around 300%.
The penalty for over spending is a transfer embargo. If we fail in our bid for promotion then this SCMP penalty will apply to us, unless, the club owners make a one off cash injection which can count towards turnover. This cash injection would need to be in the region of 12Million to bring down the wage/turnover percentage. :blink:
I’m starting to fully appreciate why the Whelan family are selling up.
But don’t you know, the Whelans have made a stash of money out of Wigan Athletic and are jumping ship with the crown jewels while the going’s good? ;)[/quote]
No, Dave Whelan, a shrewd and successful business man has owned and ran Latics for 23 years, without making any money at all for himself. He has done it out of the goodness of his own heart.
He is basically the Oskar Schindler of Wigan. He even took Pat’s fur collection to the ‘clothes for cash’ on Pem, so he could pay off Warren Joyce. Almost Saintly.
… or maybe he’s actually one of the Lifelong Fans that everyone’s been willy-waving about?
Maybe he really does just care about his local team?
… or maybe he’s actually one of the Lifelong Fans that everyone’s been willy-waving about?Maybe he really does just care about his local team?
I’m sure DW does care about Wigan Athletic, but owning and running WAFC has hardly ruined him has it.
He loved the limelight through the glory years and on top of that his businesses have had virtually free advertising for 23 years. If the Times Rich list is anything to go by, his personal wealth has remained untouched and if he takes the reputed £20M buy out, he will be probably better off than he was before he invested 23 years ago.
I’m not saying he has taken money out of WAFC, but the last 23 years have not done him much harm financially and in real terms has cost him very little.Where is the fecking war chest hidden thats all i want to know._._._is it protected by lord lucan riding shergar in brigadoon ;)
Considering our current financial position, is a transfer embargo in the summer a real possibility?
League one isn’t covered by the Financial Fair Play. It is governed by the Salary Cost Management Protocol (SCMP). This protocol states that clubs relegated from the championship can spend no more than 75% of turnover on wages. We are currently operating at around 300%.
The penalty for over spending is a transfer embargo. If we fail in our bid for promotion then this SCMP penalty will apply to us, unless, the club owners make a one off cash injection which can count towards turnover. This cash injection would need to be in the region of 12Million to bring down the wage/turnover percentage. :blink:
I’m starting to fully appreciate why the Whelan family are selling up.
But don’t you know, the Whelans have made a stash of money out of Wigan Athletic and are jumping ship with the crown jewels while the going’s good? ;)[/quote]
No, Dave Whelan, a shrewd and successful business man has owned and ran Latics for 23 years, without making any money at all for himself. He has done it out of the goodness of his own heart.
He is basically the Oskar Schindler of Wigan. He even took Pat’s fur collection to the ‘clothes for cash’ on Pem, so he could pay off Warren Joyce. Almost Saintly.[/quote]
Whelan hasn’t made a penny from the club. Quite the opposite.But he’s a vain man and by owning Wigan Athletic he’s bought himself fame and the chance to get himself in the national press and on TV every week – something being owner of a chain of sport shops could never do.
Maybe he did invest so much money for the love his town and the people etc, but the cynic in me says he also did it just as much for the adulation he’d receive in doing so.
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