Re: Boston stand no more : Thu Oct 21, 2021 7:17 pm  

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

You’ve mentioned Saints there a fair few times bell end?

Re: Boston stand no more : Thu Oct 21, 2021 7:20 pm  

DallasMead2 wrote:

You’ve mentioned Saints there a fair few times bell end?

Well he is a Saints fan.

Seems to be unaware of their current debt levels though.

Re: Boston stand no more : Thu Oct 21, 2021 7:22 pm  

Out of interest how did Wigan acquire Robin Park as its HQ?

Re: Boston stand no more : Thu Oct 21, 2021 7:23 pm  

post wrote:

Fag packet sums.

5 million from the Council.
8 million from IL inc Orrell money
2 million Danson
5 million loan

You've convinced me, sounds like a solid Business plan
Let me know when it's all sorted

Re: Boston stand no more : Thu Oct 21, 2021 7:25 pm  

dany1979 wrote:

Out of interest how did Wigan acquire Robin Park as its HQ?

I think they arranged a leasehold with the council to have everything under one roof as well as an indoor facility rather than having to travel between orrell, dw and pem.

Re: Boston stand no more : Thu Oct 21, 2021 9:38 pm  

What’s the deal with Orrell? Did we sell it in the end or is it a bit of a duff for us? I expected the land to go for fortunes but wasn’t there some talk that planning permission could not be gained to build on it?

Re: Boston stand no more : Fri Oct 22, 2021 6:43 am  

Egg Chasing wrote:

Well he is a Saints fan.

Seems to be unaware of their current debt levels though.

Unlike Wigan, St Helens arent balance sheet insolvent. Nor do the auditors of St Helens have a material uncertainty about going concern, unlike the Auditors of wigan.

Comparing Saints credit file with that of Wigans makes for interesting reading.....

Re: Boston stand no more : Fri Oct 22, 2021 8:07 am  

Jukesays wrote:

Hull????

If you mean Hull FC, they are.

As proved by the many good players they have had over the years!

Johnny Whiteley, Clive Sullivan, Peter Stirling and the Drake Brothers being just five examples!

Re: Boston stand no more : Fri Oct 22, 2021 8:19 am  

Ruddy Duck wrote:

If you mean Hull FC, they are.

As proved by the many good players they have had over the years!

Johnny Whiteley, Clive Sullivan, Peter Stirling and the Drake Brothers being just five examples!

Pardon me But - What the Hell are you on about?
What's Hull having had some good players in the past got to do with them laughing at us over our stadium situation?
Quick reminder of your original statement

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's stadium situation has been as difficult as ours for the past 15 years or so

Please explain your reply - Makes no sense
Or does your keyboard only have random copy & paste facilities were you insert one of 5 random replies that usually include Reply then "Gang of 4" - Reply then "Back in 80's/90's" - Reply then "Dave Whelan's Fault for Ground situation" - Reply then "Is it any wonder given Wigan's current financial situation & Blame IL&KR for Financial situation" - Reply then take opposite stance and claim 90% of Wigan fans think like that.

Genuinely Baffled

Re: Boston stand no more : Fri Oct 22, 2021 8:20 am  

TheWarringtonWolve69 wrote:

Unlike Wigan, St Helens arent balance sheet insolvent. Nor do the auditors of St Helens have a material uncertainty about going concern, unlike the Auditors of wigan.

Comparing Saints credit file with that of Wigans makes for interesting reading.....

What is this list of concerns and debts that Wigan have?

You forgot to tell us under your last username, will this one be any different?