Re: Boston stand no more : Wed Oct 20, 2021 9:34 pm  

post wrote:

I don't think he gives a flying toss about the club, town or Country. His PR team are pushing his profile as if he is buying into the Town but its comes across a little Alan Partridgesque. Did you not see him having his picture eating a pie? He may as well have been tucking into a fresh dog turd.

So we contribute £1,000,000 a year by using the JJB and maybe causing issues with the pitch, maybe by playing there in the summer we are stopping the stadium holding concerts?
The new owners are spunking £1,000,000 a month to keep the club afloat? Do you think they'll miss our 'peppercorn rent' that IL seems so pleased to be paying? The writing is on the wall, we will be out on our ears should this new owner stick around long enough.

Talal is only the public face of the company who actually own Latics. I don’t think Mr Al-Jasmi has been over to the UK yet but I may be wrong. Compared to the Hong Kong owners, there seems to be a far better structure in place and renovations of the DW commercial-wise will probably start towards the end of the football season from memory.

Re: Boston stand no more : Thu Oct 21, 2021 5:52 am  

Wigan6/Leeds1 Andy wrote:

Probably better to actually know the meaning of big words before incorrectly using them.

Wigan rugby club has an excess of liabilities over assets of £5.8m. Ergo, when any form of financing is applied for with a financial institution the box that says “is the company insolvent” is ticked.

The whole group that Wigan rugby club is part of is now insolvent too and is being propped up by a loan and guarantees from IL personally.

He could convert this loan to share capital like McManus did, effectively writing it off and putting the company into better shape but he doesn’t have the affinity with the club like McManus does with Saints and is obviously hoping to get the money back at some point. Nothing wrong with that. The only feasible way for this to occur is for someone to buy the club, but given the financial position of the club the only hope is for some mega rich Wigan fan wanting it as his toy, like Coleman has done at saints, because there is no way anyone would buy a rugby club with the aim of making money

Re: Boston stand no more : Thu Oct 21, 2021 7:43 am  

TheWarringtonWolve69 wrote:

Wigan6/Leeds1 Andy wrote:

Probably better to actually know the meaning of big words before incorrectly using them.

Wigan rugby club has an excess of liabilities over assets of £5.8m. Ergo, when any form of financing is applied for with a financial institution the box that says “is the company insolvent” is ticked.

The whole group that Wigan rugby club is part of is now insolvent too and is being propped up by a loan and guarantees from IL personally.

He could convert this loan to share capital like McManus did, effectively writing it off and putting the company into better shape but he doesn’t have the affinity with the club like McManus does with Saints and is obviously hoping to get the money back at some point. Nothing wrong with that. The only feasible way for this to occur is for someone to buy the club, but given the financial position of the club the only hope is for some mega rich Wigan fan wanting it as his toy, like Coleman has done at saints, because there is no way anyone would buy a rugby club with the aim of making money

Out of curiosity which Pseudonym does your wife/mother/sister refer to you by

Re: Boston stand no more : Thu Oct 21, 2021 8:09 am  

TheWarringtonWolve69 wrote:

Wigan rugby club has an excess of liabilities over assets of £5.8m. Ergo, when any form of financing is applied for with a financial institution the box that says “is the company insolvent” is ticked.

The whole group that Wigan rugby club is part of is now insolvent too and is being propped up by a loan and guarantees from IL personally.

He could convert this loan to share capital like McManus did, effectively writing it off and putting the company into better shape but he doesn’t have the affinity with the club like McManus does with Saints and is obviously hoping to get the money back at some point. Nothing wrong with that. The only feasible way for this to occur is for someone to buy the club, but given the financial position of the club the only hope is for some mega rich Wigan fan wanting it as his toy, like Coleman has done at saints, because there is no way anyone would buy a rugby club with the aim of making money

At least the last line was factual

Re: Boston stand no more : Thu Oct 21, 2021 8:57 am  

The Warriors will never have a Stadium of their own in Wigan as the Council will never allow one which was proved in the late nighties, when they refused to help the club by not providing one of the suggested sites at Pemberton and Wheatlea.

As far as they are concerned, the DW Stadium with its capacity of 25,000 is adequart for both clubs.

No wonder, supporters of other big clubs like Hull FC, Leeds, St Helens, Warrington etc are amused by what has happened to Wigan Warriors where ownership of its Stadium is concerned.

[Wigan6/Leeds1 Andy]

Re: Boston stand no more : Thu Oct 21, 2021 10:26 am  

TheWarringtonWolve69 wrote:

Wigan rugby club has an excess of liabilities over assets of £5.8m. Ergo, when any form of financing is applied for with a financial institution the box that says “is the company insolvent” is ticked.

The whole group that Wigan rugby club is part of is now insolvent too and is being propped up by a loan and guarantees from IL personally.

He could convert this loan to share capital like McManus did, effectively writing it off and putting the company into better shape but he doesn’t have the affinity with the club like McManus does with Saints and is obviously hoping to get the money back at some point. Nothing wrong with that. The only feasible way for this to occur is for someone to buy the club, but given the financial position of the club the only hope is for some mega rich Wigan fan wanting it as his toy, like Coleman has done at saints, because there is no way anyone would buy a rugby club with the aim of making money

Probably best to read Accounting for Dummies and the last financial report before you embarrass yourself more than you usually do.

Re: Boston stand no more : Thu Oct 21, 2021 10:52 am  

Ruddy Duck wrote:

The Warriors will never have a Stadium of their own in Wigan as the Council will never allow one which was proved in the late nighties, when they refused to help the club by not providing one of the suggested sites at Pemberton and Wheatlea.

As far as they are concerned, the DW Stadium with its capacity of 25,000 is adequart for both clubs.

No wonder, supporters of other big clubs like Hull FC, Leeds, St Helens, Warrington etc are amused by what has happened to Wigan Warriors where ownership of its Stadium is concerned.

Hull????

Re: Boston stand no more : Thu Oct 21, 2021 12:08 pm  

Jukesays wrote:

Hull????

What with his love for all things historical, maybe he still thinks they play at The Boulevard.

Re: Boston stand no more : Thu Oct 21, 2021 12:09 pm  

Egg Chasing wrote:

What with his love for all things historical, maybe he still thinks they play at The Boulevard.

I wish

Re: Boston stand no more : Thu Oct 21, 2021 1:21 pm  

Jukesays wrote:

Hull????

I was going to say.

He seriously needs to do some research.