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Looks that way
[link2:2g1kk3oo]linky,http://www.espn.co.uk/football/sport/story/72751.html?CMP=OTC-RSS%5B/link2:2g1kk3oo%5D
Cant see the rugby lot being happy with that. I presume they paid something (?) toward the construction of the JJB/DW and now Whelan hands over the whole thing to us. Not sure how he can legally do that but hey ho, shit happens.
he’s givin the rugby a 50 year lease on it
Looks that way[link2:1lq0pylx]linky,http://www.espn.co.uk/football/sport/story/72751.html?CMP=OTC-RSS%5B/link2:1lq0pylx%5D
Cant see the rugby lot being happy with that. I presume they paid something (?) toward the construction of the JJB/DW and now Whelan hands over the whole thing to us. Not sure how he can legally do that but hey ho, bad language happens.
The rugby paid nowt towards the stadium…….The Football trust etc paid for some of it and obviously whelan paid his bit in!
Looks that way[link2:22eg6t7y]linky,http://www.espn.co.uk/football/sport/story/72751.html?CMP=OTC-RSS%5B/link2:22eg6t7y%5D
Cant see the rugby lot being happy with that. I presume they paid something (?) toward the construction of the JJB/DW and now Whelan hands over the whole thing to us. Not sure how he can legally do that but hey ho, bad language happens.
The rugby paid nothing as it was never the intention that they played there. They were going to stay at Central Park until it was sold off to Tesco and Whelan bailed them out.
The original idea was for us to share with Orrell.
If it comes to that Wigan Athletic paid nothing either. Dave Whelan (with various Government subsidies) and his company built it. It’s owned by him and Whelco, so he can do what he likes with it.
I was recently shown a copy of the WEP going back to probably sometime in 1997. The front page headline was an announcement by Jack Robinson of the rugby’s plans to build their own stadium. I don’t think it said where they were intending building it. But it did make a point of reporting that this follows the news of the announcement that Latics and Orrell RU were building a dual usage stadium at Robin Park.
Although the klumps fans insist that the DW stadium was only built because of their involvement, this piece blew their arguments out of the water.
Just come back alive for this post.
I thought Whelan had already written off the 50m debt, Is that another lie he has spun. He put the debt there in the first place so he should write it off as it is his. Does everyone still think he is the saviour and not a money grabbing leech. If he leaves us without debt and in no kind of problem i will be surprised, You don’t honestly think he will just write it off do you, get real, This man would charge for oxygen if it was for sale.
Let’s look at what he has done,
JJB – Fair play-built it up himself and then sold it when it got into trouble
Pooles-A thriving business known nationwide, destroyed and torn apart when Whelan got hold of it.
Orrel RU- Where did they go again, Used to be a very big RU Club.
Wigan RL – Couple of million in debt when he took over granted. How did he wipe the debt. Sold all the players then the stadium to tesco leaving them homeless and playerless.
Latics – Bought us with his pocket money then played media chess with us for 10 years, Investment in buying us to make a lot more money in the forthcoming years, never heartfully bothered about the club or the fans, just made decisions that he knew the fans would swallow and then gloat in his own success. Mercenary – Never has that word been more apt for an individual.
I cant understand why people are against Whelan so much. I would rather have him here and be where we are than not have him and most probably be out of business
Wigan RL – Couple of million in debt when he took over granted. How did he wipe the debt. Sold all the players then the stadium to tesco leaving them homeless and playerless.I’m not even gonna go into some of the other “points” you make but if you’re gonna have a rant like that at any individual you need to make sure that all your points are absolutely flawless when it comes to stating facts
And the quote I’ve copied above is just plain incorrect.
Jack Robinson was chairman at the RL when he announced they had negotiated a deal with Tesco to sell central park
Whelan, as latics chairman at the time, made a counter proposal to buy central park & turn it into a 20-25k all seater stadium for use of both Latics & the rugby. It caused a bit of a to doo at the time amongst Latics fans coz he stated that you couldn’t let a historical ground like central park be bulldozed whilst ignoring that Springfield Park would be sold & bulldozed despite being the older ground of the 2
Anyway he took that proposal to Wigan RL shareholders & they voted in favour of it but Jack Robinson went behind the shareholders backs & signed the deal with tesco anyway
He bought the RL club later when they were in danger of becoming homeless (deal with tesco was signed & a moving out date set & they had nowhere to go) & according to independent media reports at the time were in danger of going bust – if memory serves me right the RL board used to set its wages budget having included a trip to Wembley in the challenge cup & the money that brought in. When they got knocked out by Salford one year that was the cause of their financial problems
As for selling their players too – it was my understanding that the warriors had to reduce their bloated squad to get within the salary cap that was introduced & even then they broke those rules virtually every year Whelan owned them so I don’t think he can be accused of scrimping their eitherAs I said if you’re gonna have a rant like that you really need to check your “facts” first & those facts were anything but
I’m not even gonna start on the stuff relating to Latics coz its just your own personal take on stuff – none of which could even remotely be proved
Fair play to Dave, although i haven’t always seen eye to eye with the fellow it can’t be denied the impact he has had on Wigan Athletic and the possible legacy he could leave if taken over by a like minded person.
Just a couple of points though. In the article he states that it cost £50 million to build the stadium, i thought it cost £32 million. Not being fussy about it just wondered which was true.
I’m glad he stated that he has had amazing time in pursuing his dream and as i have stated before you have to take this into account when appraising Dave Whelan. If you spread £50 million over the years he has owned us then he has probably spent £4million a year on average to keep us debt free therefore that is what he has paid to maintain his “dream” / hobby of a multi millionaire.
So like i said fair play to the fellow, he has allowed us all to enjoy this ride (no so much of a ride these days! :angry-banghead: ) and i suppose it is partly up to him how his legacy continues.
We owe a great debt of gratitude to Dave Whelan because wether you love him or loath him without him we would not be watching Premier League football. I have no doubt he invested his own money in Latics how much I guess we will never know but fair play to the man.
As for his reasons for doing so, well it was either a labour of love or the sceptic in me thinks a business deal. Through Wigan Athletic he got hundreds of millions of pounds worth of advertising that a company the size of JJB’s could never have afforded. And even now with DW sports and the naming the stadium every time we are on T.V he gets great publicity.
So me thinks it was a mutually beneficial agreement which lets be honest has been one hell of a ride.
Hasnt all DW done it turn is debt into shares? Like the Man City owners did? Which essentially means he will get the debt paid back when he sells, assuming the club is worth anything like the £50m.
Hasnt all DW done it turn is debt into shares? Like the Man City owners did? Which essentially means he will get the debt paid back when he sells, assuming the club is worth anything like the £50m.Yeah he is turning the debt into share’s but when he already owns roughly 98% of the shares there will be little benefit in it for him.. effectively writing it off..
Hasnt all DW done it turn is debt into shares? Like the Man City owners did? Which essentially means he will get the debt paid back when he sells, assuming the club is worth anything like the £50m.The key bit being the last bit. He only gets it back if it sells for at least £50m, as you say.
it is unlikely to sell for that much, I would think. But, it will be infinitely more likely to sell at all than if the business had £50m of debt on its books that any potential buyer would have to wipe out first.
We owe a great debt of gratitude to Dave Whelan because wether you love him or loath him without him we would not be watching Premier League football. I have no doubt he invested his own money in Latics how much I guess we will never know but fair play to the man.As for his reasons for doing so, well it was either a labour of love or the sceptic in me thinks a business deal. Through Wigan Athletic he got hundreds of millions of pounds worth of advertising that a company the size of JJB’s could never have afforded. And even now with DW sports and the naming the stadium every time we are on T.V he gets great publicity.
So me thinks it was a mutually beneficial agreement which lets be honest has been one hell of a ride.
Hindley, this is one of those rare moments where we agree totally on something…
That’s exactly what Whelan has gained out of his association with Wigan Athletic – not money in his back pocket as Yosser naively believes.
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