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Season Ticket funds account for approx £1.5m, however only a fraction of that will have been handed over at this point due to the instalment plan. They might have £150k if they are lucky.
We are not asking them to plough endless amounts of money in ,just live within our means and gradually progress.
You could count the number of the 92 football league clubs that live within their means on one hand, and probably have fingers to spare. As long as stupid wages are paid relative to income at the turnstiles, sponsorships and any other revenue streams, then you have a failed business model. However, unless stupid wages are paid, then you end up with lesser quality players and tumble down the football pyramid.
In terms of local owners, they have been conspicious by their absence for the past 7 or 8 years, since Whelan decided to sell up, but only to someone with the best interests of Wigan Athletic at heart. I know you dont want to hear it, but he started this process by flogging the club to someone that didnt meet his stated criteria. You’d have been in a better place financially with the Whelan family still owning it and playing L2 football.
The softest and most gullible fans in the UK are now moaning on a forum about points deductions, we should have been kicking off months ago regarding how the club has been run.
No chance at Wigan Athletic lets just sit back, moan on a forum and hope things get better, these lot we have in charge know we are a bunch of wankers and we will believe anything.
If you love the club get off your arse and do something, not buying a season ticket won’t help!Any other clubs fans would have been protesting, no not us, shit scared of us going in to admin again (which is going to happen anyway) and/or be so so grateful to the owners for bailing us out, Fuck em!
Pray enlighten me as to what you personally are doing, apart from saying something needs to be done? I offered to vote for you if you were brave enough to put your name forward for the Vital nomination, with a seat at the top table on offer – hell, you’d have even been able to ban me as your first act, yet still you declined, instead preferring to try and provoke a reaction over Sunderland losing in the play-offs (y’know, that competition for successful sides).
Man up – or shut up.
Sensible suggestion Vince and one that a lot of folk would indeed support. I dare say, if there was a referendum of ST holders as to Council ownership, there would be at least a 90% yes vote with Warriors, and a 75% yes vote of Latics. Ground is too big – everyone agrees, so perhaps turn one of the stands into something else – Council Office complex perhaps and then run with a 20K stadium, with segregation for visiting fans across one of the other stands.
The red part of Wigan have had 20+ years of being tenants, so for almost a generation now, its not been a big issue and has meant that the Warriors have found a way of operating within their means, with an owner who is comfortable with the financial situation.
Its the remaining blue bit that you’ll need convincing – and its probably most of the posters on here to be blunt. Some of those have used the stadium as a Willy Waving competition over the years, as they feel without their own ground, the club is nothing. Not true. Its still their club, but it would mean they would be tenants, paying exactly the same in rent per game as the rugby. Equality is not an option – they want superiority, and some want total dominance. Some of the posts about walking away if IL buys the stadium are very sad – its still your fucking club!
Damn right the Warriors don’t want the stadium. But if the liars can’t afford it, it may end up being the least worst option.
IL can sustain a £1.9m loss, but he sure as hell can’t sustain a £13m loss, which is the likely figure for this football season.
Nobody is going to offer £10m for a stadium that needs money spent on it and generates no profit and a squad of overpaid 30 something’s that nee fucker wants (not even the club they are currently contracted to). They only paid £3m for it with no players and therefore no unwanted shite so what makes them think that a £13m wage bill for a crock of shite is an attractive prospect.
Owners need to give their heads a wobble and realise they are going to have to accept a very large loss on this deal – probably in the region of £20m to get shut.
Yes, there were all sorts of wicked rumours doing the rounds last night around Administration and even worse, Ian Leneghan buying the ground.
Is that such a bad thing? The ground is the item that costs a lot to run and generates no profit. £55K a game seems the going rate, which must surely be a better option than whatever the owners are spending on stadium costs.
If he (or even a 3rd party) did buy the ground, it might be the thing that keeps the club afloat. No rent to pay until August and no upkeep costs. The proceeds and the trickle of advance Season ticket money might just be enough to pay the wages until August.
Only person to blame for the mess we are in is the guy that sold us in first place
That started the ball rollingWhelan and Sharp spent a year promising the supporters that they would only sell to someone who had the best interests of WAFC at heart and ended up flogging it to a group of gambling money launderers.
Bicky is spot on here.
Out of contract players get paid until 30 June, and until 31 July if they do not have a new club by then.
£6m covers wages from now until 31 July for all staff. Thats three months of wages for in contract players and 3 months wages for out of contract players (including the money they werent paid last Friday) plus another month for those out of contract players who dont find a club by 31 July.
Relegation reduction clauses dont kick in until 1 July for in contract players, so May & June’s wages will be on current terms.
If the owners dont stump up the money, the season ticket sales (which only account for around £1.5m in total) are done in monthly instalments, and there’s no games at the DW, then where do you think the money for wages is coming from? And it wont be from the Rugby club, because after this weekend they have no home games until the end of June.
Selling for a £1 means a new owner can invest your guesstimate figure (not mine) into the squad and infrastructure.
Why did you think I meant sell it for a £1 that’s it ??? Ffs
No. But my point still stands. Spending £6m on wages, largely on unwanted players isnt something a prospective purchaser is going to do. They will want their £6m to be spent on something with some value attached. The club are saddled with the owners and vice-versa unless the owners take the nuclear option, put the club into admin and walk away, but accept that they have lost everything they’ve spent thus far.
A buyer paying £1 still has the problem of the club’s inability to live within its means. With little or no income from season ticket sales, no matches for the next 3 months, no sponsorship of stadium and around £2m in wages each month, even if someone did buy the club tomorrow, they’d need £6m just to get themselves to August, and thats before any new players are signed. And that also assumes nothing needs spending on the 25000 seat white elephant.
You are not alone – almost every club in the league relies on the owner to underwrite the monthly losses, and as the number of local owners with an emotional attachment dwindles and is replaced by rich foreigners with no interest in anything other than being a premier league club, then the number of failures, financial crisis administrations and bankruptcies will rise once the foreigners realise their toy costs a lot more than they imagined.
Rumour now don’t shoot the.meesenger someone has bid 10m for the club but owners want 15m
I think it’s load of bllx but hey never know might be lenneghan and his mates after stadium againNobody is going to pay £10m for a club who haemorrhage money and have no concept of the notion of living within their means. Leneghan doesnt have the funds to pay that sort of money.
You really need a Mike Ashley type owner, who simply wont allow the Chief Exec to spend a penny over the agreed budget.
Perhaps its time for an Oyston-style protest.
Who’s bringing a mobility scooter?
