Quote Alexs Dad="Alexs Dad"Latics have hated Bolton for years, we just think they're a bit of s##t on our shoes, just as Utd look down on us. Founder members of the football league, and 50odd years in the top flight, only 11 clubs can better that. If Wigan take 20-30000 on their European tour then I will be suprised. They can't even bring 2-3000 to the reebok.
Wigan can have their day in the sun and fair play because its whats sport is all about but its not exactly a fairy tale. Whelan has bankrolled them up there, make no mistake. £70m+ in debt.
Anyone wanting to follow their business model should close the door on their way out.'"
On inspection Wigan Athletic reported a net profit of £4.3m for the financial year ending on 31 May 2012 with a significant increase in turnover also.
The club's debt, including borrowings and loans from chairman Dave Whelan and his family, reduced to £20.5m from £72.2m, £48m of which was converted into equity.
By increasing turnover and controlling costs the club is continuing to progress to a break-even operating position which all football clubs are aspiring to but many are finding it difficult for obvious reasons.
It's very rare in modern day sport not just football to be able to get those sort of fincial results and for a club that have always relied on a White Knight to balance the books and to put money in, it's refreshing to see them restructure the buisness model last few years and also maintain relative success with yesterday's cup win a cherry on the cake for them I'd say.
In summary it demonstrates and gives great hope to me that the right people likeminded with common goals working hard behind the scenes in every department of a professional structure can get a small town team to buy into its vision and can get reflective success against all the odds. To be able to produce the results they have on and off the pitch in recent years deserves a big well done I'd say
