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Subscribe | Moderators: Admin, Durham Giant , TimperleySaint
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Bored now lets just Wigan Bash

Wigan in the late 80s and early 90s was a profitable company FACT

Just like my team late 70s early 80s Hull FC

The problem now is teams cannot bring Players like Peter Sterling Brett Kenny Wally Lewis Mal Meninga because of the salary cap. These are the types of players that made supporters turn out on a wet winters day and clubs made good profit

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Quote: joolsc "Bored now lets just Wigan Bash

Wigan in the late 80s and early 90s was a profitable company FACT

Just like my team late 70s early 80s Hull FC

The problem now is teams cannot bring Players like Peter Sterling Brett Kenny Wally Lewis Mal Meninga because of the salary cap. These are the types of players that made supporters turn out on a wet winters day and clubs made good profit'"


And the dreamers on here think we might one day be able to attract the best without the best supported clubs dominating. No idea how the world works.

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Quote: WiganEd "And the dreamers on here think we might one day be able to attract the best without the best supported clubs dominating. No idea how the world works.'"

I cant believe I agree with a Wigan Fan gosh its taken 40 years lol

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I remember the day when I went to Wakefield and Wally Lewis played his first home game against Hull and it was full with supporters.

Then there was the Hull v Wigan game the Sterling against Kenny and it is still now the best final ever to have been Played

World class players make a difference

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Quote: EHW "so in 12 months (from the start of SL to March 1997 when Central Park was sold to Tesco) the club went from being profitable to being £12m in debt - entirely based on SL crowd figures in 1996???'"


Do you really want a lecture in accountancy? It doesn't take a company long to go down the pan once the wheels turn, didn't Leeds also go bust to be saved by Carrick around the same time?

Let's say (all figures are for example only) Wigan turned over 5 million in 91 and planned a 1/4 milion profit - the 1/4 million profit was to pay for the new 5 million stand over 20 years and bank lending and other loans were agreed to cover this. Then the stand didn't cost 5 million it cost 7.5 million - so the extra 2.5 million had to be found from somewhere. So this extra 2.5 million gave Wigan some serious cash flow problems, despite the fact that they were still showing a profit, but as a bouyant company the bank agreed to extend its credit terms to Wigan. Unfortunately in the ill-fated 95/6 interim season Wigan's turnover took a nosedive, profitablity turned to losses as expenditure wasn't cut and they were quickly strangled by a lack of cash and a loss of confidence from the banks. So yes things did turn bad quickly, but inevitably given the overspend on the stand and decreasing turnover.

tb
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Quote: sorry mate, we've got a salary cap " "sorry mate, we've got a salary cap"'"


And [iwe've[/i got a salary cap thread. And I know you're aware of it, because you've made your point there already.

30 posts in 3 pages 
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Subscribe | Moderators: Admin, Durham Giant , TimperleySaint
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Subscribe | Moderators: Admin, Durham Giant , TimperleySaint



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