Re: O/T Latics in administration : Fri Jul 10, 2020 10:58 am  

Wigan Peer wrote:

On the BBC.. I wonder what's going through IL's mind...............................

I called this early.... Could be very interesting times ahead, whichever way it goes..

Re: Latics in administration - Lenagan leading bid : Fri Jul 10, 2020 11:02 am  

The stadium is 20 years old. How much do you think needs spending on it?

Re: Latics in administration - Lenagan leading bid : Fri Jul 10, 2020 12:09 pm  

I would imagine thats an ongoing cost for every stadium.

Re: Latics in administration - Lenagan leading bid : Fri Jul 10, 2020 12:47 pm  

Wigan Peer wrote:

I would imagine thats an ongoing cost for every stadium.

Yes it is
But without going into detail, certain previous owner knew that many millions were required to be spent on the stadium to comply with various H&S requirements etc. He didnt spend it and sold it on.
The last owners hadnt spent it as of Dec 2019, so its still required and it goes into the multiple millions.
The ongoing costs of running the stadium are massive.

Egg chasing mentions Wigan rlfc increased rent could be offset by taking a cut of the profits.
Really obvious statement, but it's been losing over £1m a year consistantly and it will be greater now, and they still have to spend the above to comply with H&S on top of the yearly losses, BEFORE any profits can be thought of.

Re: Latics in administration - Lenagan leading bid : Fri Jul 10, 2020 1:37 pm  

We had a cracking deal - 10% of our gate money!

Re: Latics in administration - Lenagan leading bid : Fri Jul 10, 2020 2:11 pm  

Sweaty Betty's wrote: We had a cracking deal - 10% of our gate money! Exactly, I could never understand the clamour from some fans to "build our own" The build costs and running costs are very very high. The DW need a lot of money spending on it. Just look at this article from Hetherington. https://www.yorkshireeveningpost.co.uk/ ... 19-2909441

Sweaty Betty's wrote: We had a cracking deal - 10% of our gate money! Exactly, I could never understand the clamour from some fans to "build our own" The build costs and running costs are very very high. The DW need a lot of money spending on it. Just look at this article from Hetherington. https://www.yorkshireeveningpost.co.uk/ ... 19-2909441

Re: Latics in administration - Lenagan leading bid : Fri Jul 10, 2020 3:22 pm  

Ruddy Duck wrote:

Where has the figure of 300k come from as I have always understood that it was only 200k.

Got figure from companies house accounts, it is variable though as it is reflected by attendance yearly i read?

Re: Latics in administration - Lenagan leading bid : Fri Jul 10, 2020 3:23 pm  

Egg Chasing wrote:

It probably will cost more BUT we will also have more income to balance it out.

The company who owns the stadium now lost 1.5m in 2019.

Re: Latics in administration - Lenagan leading bid : Fri Jul 10, 2020 4:25 pm  

JonnyBroad wrote:

Got figure from companies house accounts, it is variable though as it is reflected by attendance yearly i read?

Thanks for the information.

Re: Latics in administration - Lenagan leading bid : Sat Jul 11, 2020 9:54 am  

It was in the papers last night that the Gov't is to allow PL Soccer to have spectators admitted to matches from Sept 12th. Their new season.
They also confirmed that sports such as Rugby League, Rugby Union and cricket would be allowed spectators from the same date. Social Distancing rules will apply.
This may help clubs see a way forward from the mess they, and everyone, is in.