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

Jukesays wrote:

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

And is currently FAR worse than ours is

Re: Boston stand no more : Fri Oct 22, 2021 8:59 am  

Pieman wrote:

bolton own their stadium

You are indeed correct as since 2018, it transpires that the Stadium is now owned by a partnership between Bolton Wanderers Football Club and the University of Bolton.

Re: Boston stand no more : Fri Oct 22, 2021 9:14 pm  

Egg Chasing wrote:

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?

Just see for yourself. All the info is available at companies house. To put it in layman’s terms, you owe £5.8m more than what you are owed/assets you have.

Would you lend money to a company like that? Of course you wouldn’t

With regards the “concern” this is the auditors stating there is an uncertainty in their opinion that the company will be able to continue to trade

Re: Boston stand no more : Fri Oct 22, 2021 9:17 pm  

TheWarringtonWolve69 wrote:

Just see for yourself. All the info is available at companies house. To put it in layman’s terms, you owe £5.8m more than what you are owed/assets you have.

Would you lend money to a company like that? Of course you wouldn’t

With regards the “concern” this is the auditors stating there is an uncertainty in their opinion that the company will be able to continue to trade

but we owe it to our owner

Re: Boston stand no more : Fri Oct 22, 2021 9:24 pm  

Pieman wrote:

but we owe it to our owner

And? The company and its owner are separate legal entities. As I said right at the start before armchair accountants started calling me out. Financial institutions don’t care who it’s owed to. Same goes for the auditors and their audit statement. Don’t believe me, download the Wigan credit file

Re: Boston stand no more : Fri Oct 22, 2021 10:26 pm  

If we want to wipe that debt tomorrow then we can. Why? Because it's owed to our owner. "In laymans terms" the bank won't be calling it in.

Now how about the losses Saints are making and their debts?

Re: Boston stand no more : Fri Oct 22, 2021 11:59 pm  

TheWarringtonWolve69 wrote:

And? The company and its owner are separate legal entities. As I said right at the start before armchair accountants started calling me out. Financial institutions don’t care who it’s owed to. Same goes for the auditors and their audit statement. Don’t believe me, download the Wigan credit file

so we owe our owner money?....who doesnt? He clears all losses and adds it to the debt owed, so no one apart from him can call in anything, as he is the major shareholder in the company that owns us, prove me wrong, tell me what bank can call in our debt?

Re: Boston stand no more : Sat Oct 23, 2021 12:03 am  

Why bother watching the games next year!

Re: Boston stand no more : Sat Oct 23, 2021 6:57 am  

Although WW69 is a well known troll the stuff about the auditors is right.



This sort of thing can play havoc with your credit ratings, although the basics of the company's financial position mean it's probably struggling on that front anyway.

Re: Boston stand no more : Sat Oct 23, 2021 7:25 am  

The Ghost of '99 wrote:

Although WW69 is a well known troll the stuff about the auditors is right.



This sort of thing can play havoc with your credit ratings, although the basics of the company's financial position mean it's probably struggling on that front anyway.

Nobody will lend someone 5m in debt money that's obvious.

When that money is owed to the owner though it can very quickly become a debt of zero. Nobody will come knocking on the door demanding their money because we don't owe anybody any money.

We lose money like all sport clubs do, but I'd rather be in our position where the owner fills the gaps than having 5mill of creditors.