Re: Lenagan to sell the club? : Tue Feb 23, 2021 12:11 pm  

The Ghost of '99 wrote:

Yes, but Colman has spent that money and appears to view it as a gift to the club/town. It's cash already spent rather than a requirement for additional cash going forward which is the point.

Maintenance costs will increase, that's true. But based on their track record of stadium investment and maintenance Langtree is good for another 110 years before they need to spend another penny on it (apart from perhaps some fairy lights in about 95 years).

you really think of a modern stadium doesnt need maintaining for 110 years??? Wembleys maintenance costs are reported to be 72 million over 6 years.....

Re: Lenagan to sell the club? : Tue Feb 23, 2021 12:14 pm  

Pieman wrote:

you really think of a modern stadium doesnt need maintaining for 110 years??? Wembleys maintenance costs are reported to be 72 million over 6 years.....

Didn't a large section of cladding come off in the first few years?

Re: Lenagan to sell the club? : Tue Feb 23, 2021 12:29 pm  

MattyB wrote:

Didn't a large section of cladding come off in the first few years?

yes and the roof was damaged in a storm a few days before their first game

Re: Lenagan to sell the club? : Tue Feb 23, 2021 12:40 pm  

Pieman wrote:

you really think of a modern stadium doesnt need maintaining for 110 years??? Wembleys maintenance costs are reported to be 72 million over 6 years.....

It was a joke.
Sorry.

Re: Lenagan to sell the club? : Tue Feb 23, 2021 1:00 pm  

The Ghost of '99 wrote:

It was a joke.
Sorry.

ah...

Re: Lenagan to sell the club? : Wed Feb 24, 2021 9:59 pm  

Egg Chasing wrote:

You have to wonder why a successful businessman like Danson didn't speak to someone like Steph before investing £2.5m into the club for a 25% stake when he could have just spent 25p. How did none of his legal or financial team spot the error?

Look. I really don’t want to get into an argument with someone who clearly has no clue as to what they are talking about so I will leave you with this. Imagine, god forbid. one of the Wigan shareholders passed away and their shareholding needed to be valued for probate. Guess how much it would be worth. Zero. Because the club is insolvent. Even the auditors have concluded that there is a material uncertainty towards going concern.

But hey. If you want to carry on thinking your club is priceless, Knock yourself out champ.

Re: Lenagan to sell the club? : Wed Feb 24, 2021 10:50 pm  

Steph Curry wrote:

I will leave you with this.

Thank f*** for that

Re: Lenagan to sell the club? : Wed Feb 24, 2021 11:06 pm  

Steph Curry wrote:

Look. I really don’t want to get into an argument with someone who clearly has no clue as to what they are talking about so I will leave you with this. Imagine, god forbid. one of the Wigan shareholders passed away and their shareholding needed to be valued for probate. Guess how much it would be worth. Zero. Because the club is insolvent. Even the auditors have concluded that there is a material uncertainty towards going concern.

But hey. If you want to carry on thinking your club is priceless, Knock yourself out champ.

Put in its simplest form, ”Value” may well be zero, as many professional sports clubs would be...but “worth” is basically what someone is willing to pay for it, which as most are saying here most certainly isn’t £0.

Re: Lenagan to sell the club? : Wed Feb 24, 2021 11:34 pm  

Egg Chasing wrote:

Thank f*** for that

game, set and match