Re: Latics in administration - Lenagan leading bid : Thu Mar 09, 2023 7:54 am
jaws1 wrote:
My thoughts on this would be the consortium would be buying the GROUND and both sharing the costs each club Rugby and Wigan Athletic would be a separate entity each club as a separate company with their own accountants in place. If Wigan Rugby were in trouble or Wigan Athletic were in trouble financially then it would not impair on either of the clubs. We would have the benefit of more revenue on match days the corporate side of the business is immense and we would have the full revenue from that business .If one club goes out of business then the ground goes to the club who are in a financial position and the ground cannot be sold to retrieve the debts of the failing club. I know in the short term that the debts of the Latics have to be paid off long term we would have a bigger say in the running of the stadium and not being the poor tenants. Whoever buys the stadium cannot sell it for development as there is a covenant on the land .Has the training ground at Christopher Park been sold? or Charnock Richard? for the Latics.
I think it is time for the people in Wigan Rugby and Football to put all the hatred behind us and join in the new venture. Whelan saved the Latics but also the Warriors only for him we would have been playing at Bolton. Just a thought Latics average 8,000 home spectators and Warriors 8,000 season ticket holders .If a share issue was issued £100 a share that would be £16 million and the club would belong to the people of Wigan if the ground had to be sold then the shareholders would get some money back. With 16,000 shareholders it would be easy to raise revenue even if a levy of £10 would raise £160,000 .Lets have the club for the people of Wigan whether your Latics Or Warriors shareholders could have a reduced season ticket to watch both clubs.
I think it is time for the people in Wigan Rugby and Football to put all the hatred behind us and join in the new venture. Whelan saved the Latics but also the Warriors only for him we would have been playing at Bolton. Just a thought Latics average 8,000 home spectators and Warriors 8,000 season ticket holders .If a share issue was issued £100 a share that would be £16 million and the club would belong to the people of Wigan if the ground had to be sold then the shareholders would get some money back. With 16,000 shareholders it would be easy to raise revenue even if a levy of £10 would raise £160,000 .Lets have the club for the people of Wigan whether your Latics Or Warriors shareholders could have a reduced season ticket to watch both clubs.
Mods i did not submit this post some one has used my user name