FORUMS > Wigan Warriors > Latics in administration - Lenagan leading bid |
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icons077e_files/5454-3678dentheman-msnicons.jpg Fans Forum 28.08.08 Fan from Haydock
"I've got one word for you Mr Chairman - Penalty Count"
[quote="The Daddy"]I've got one word for you all......Steve Hanley[/quote]
Some Salford fan said to me and I quote "You are by far and away the most Handsome & Knowledgeable Rugby League Fan in England!"
I thanked him and went on my Merry way!
RIVERCAVE DWELLER OF THE YEAR 2015!
"The club used you last night and didn't tell the truth."
Officially one of the 119 Mugs used by the club:icons077e_files/5454-3678dentheman-msnicons.jpg |
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| Quote: Egg Chasing "the administrators have just confirmed there was nothing illegal so i guess they have nothing to be upset about.
We would be in the same position if IFL decided not to cover our losses. Not sure what our debts are though, obviously there aren't really transfer fees in rugby so that would take away half of latics debts'"
Just wrote the same thing earlier "Not too dissimilar than if IFL said tomorrow that he wasn't prepared to put "X" into Wigan to cover their losses"
However
I would argue that IFL putting "X" in each year to balance the books is similar to what Whelan would have been doing
Seems these guys are not Balancing the Books so the administrators need to get rid of assets to cover those losses.
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icons077e_files/5454-3678dentheman-msnicons.jpg Fans Forum 28.08.08 Fan from Haydock
"I've got one word for you Mr Chairman - Penalty Count"
[quote="The Daddy"]I've got one word for you all......Steve Hanley[/quote]
Some Salford fan said to me and I quote "You are by far and away the most Handsome & Knowledgeable Rugby League Fan in England!"
I thanked him and went on my Merry way!
RIVERCAVE DWELLER OF THE YEAR 2015!
"The club used you last night and didn't tell the truth."
Officially one of the 119 Mugs used by the club:icons077e_files/5454-3678dentheman-msnicons.jpg |
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| Quote: MattyB "Administrators are currently answering questions.
Q How close are you to selling the stadium?
A I'm not selling the stadium independently.'"
Hence why it may be a bit premature to start worrying about filling in the corners and spending 2 miliion on creating standing areas.
Long way to go yet on this one before anyone knows what's going to happen
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| Quote: Jukesays "Correct
I'd like to see some evidence of where the owners wanted liquidation Before Administration ?
Either way it's a Moot Point
Top line is they wanted shut - And losing 15million a year was a big reason - They wanted Rid before Covid as well so that isn't the only reason they wanted shut, although it certainly will have increased the pressure to do so and increased potential losses?
Latics still had a LONG way to go to be a "Well Run Club" IMO
Acceptable losses are only acceptable as long as the person who is accruing those losses is prepared to accept them & Fund them
Seems strange to me why IEC decided in Nov/Dec19 that they weren't prepared to do that anymore, but end of the day that's their right.
Not too dissimilar than if IFL said tomorrow that he wasn't prepared to put "X" into Wigan to cover their losses'"
I totally agree it makes zero sense to pay £40M for a club, dump a higher interest rate loan of £25M repayable in the next calendar year. Paul Stanley in one of the many interviews he’s done on Zoom and in the press stated their administration company was contacted to immediately liquidate the club but they advised them client’ of the administration process. The £25M loan has now been wiped off Latics’ creditors list as a goodwill gesture from the owner who said they couldn’t afford to fund the club and ‘wouldn’t put a penny more into it from July.’
IEC wanted out the minute it was obvious promotion wasn’t going to happen. Latics had gone something like 36 away games and 1 win in that time and were bottom of the league.
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[b:1wlcmlhe][color=#800000:1wlcmlhe]WIGAN RLFC - SL ERA
WORLD CLUB CHAMPIONS 2017 & 2024
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CHALLENGE CUP FINAL WINNERS 2002, 2011, 2013, 2022 & 2024
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BEST SUPPORTED CLUB OF THE YEAR 2010, 2011, 2012 & 2024
CLUB OF THE YEAR 2010 & 2012
[/color:1wlcmlhe][/b:1wlcmlhe]: |
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| Lenners getting a right rinsing on Twitter at the moment.
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| Quote: MattyB "Lenners getting a right rinsing on Twitter at the moment.'"
If someone was to take over the Latics, is there any scope to change the agreement Lenagan has in place on the rent? It doesn’t read well that it looks like he wanted all the property and not the club if we are to ever have some kind of harmony in the town.
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| Quote: DannyT "If someone was to take over the Latics, is there any scope to change the agreement Lenagan has in place on the rent? It doesn’t read well that it looks like he wanted all the property and not the club if we are to ever have some kind of harmony in the town.'"
You think you'll ever have harmony in the town so long as Wigan Athletic are there? About half their fans won't be happy until we ourselves are gone.
There's more chance of harmony in Palestine.
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69704_1656949802.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_69704.jpg |
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| Quote: Cruncher "You think you'll ever have harmony in the town so long as Wigan Athletic are there? About half their fans won't be happy until we ourselves are gone.
There's more chance of harmony in Palestine.'"
works both ways. Few of the lads I go to games with hate the latics but can't give any substantial reason as to why
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65656_1708941604.jpg [size=95:2obtgspq]23 LEAGUE TITLES[/size:2obtgspq]
[size=95:2obtgspq]21 CHALLENGE CUPS[/size:2obtgspq]
[size=95:2obtgspq]5 WORLD TITLES[/size:2obtgspq]
[b:2obtgspq][color=#FF0000:2obtgspq][size=100:2obtgspq]SAYS IT ALL REALLY[/size:2obtgspq][/color:2obtgspq][/b:2obtgspq]:d7dc4b20b2c2dd7b76ac6eac29d5604e_65656.jpg |
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| Quote: DannyT "If someone was to take over the Latics, is there any scope to change the agreement Lenagan has in place on the rent? It doesn’t read well that it looks like he wanted all the property and not the club if we are to ever have some kind of harmony in the town.'"
What do you mean by "it doesn't look well"?
IL has a responsibility to one club and that's ours. I can't imagine the goings on at Latics over the last few years has filled him with confidence about their long term future.
It made sense for him to try and solidify the future of Wigan Rugby at the DW by buying the stadium. It "wouldn't look good" if he didn't. Or does harmony for the town mean we once again bend over backwards, so that the football 1/4 of the town get their own way?
I'm pretty miffed at the admin who hasn't sold IL the stadium because he says he'd get shot. Nice to see he's looking out for the business & the interests of the tenant's instead of his own neck.
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| Quote: Egg Chasing "works both ways. Few of the lads I go to games with hate the latics but can't give any substantial reason as to why'"
You don't have to give a reason. Neither side does.
In sport, you support who you want to and dislike who you want to.
Someone asked something about how there could ever be harmony in the town. My view is that there can't. But that doesn't mean a compromise can't be reached.
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69704_1656949802.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_69704.jpg |
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| Quote: sergeant pepper "What do you mean by "it doesn't look well"?
IL has a responsibility to one club and that's ours. I can't imagine the goings on at Latics over the last few years has filled him with confidence about their long term future.
It made sense for him to try and solidify the future of Wigan Rugby at the DW by buying the stadium. It "wouldn't look good" if he didn't. Or does harmony for the town mean we once again bend over backwards, so that the football 1/4 of the town get their own way?
I'm pretty miffed at the admin who hasn't sold IL the stadium because he says he'd get shot. Nice to see he's looking out for the business & the interests of the tenant's instead of his own neck.'"
That wasn't the story that IFL played in the press though was it?
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65656_1708941604.jpg [size=95:2obtgspq]23 LEAGUE TITLES[/size:2obtgspq]
[size=95:2obtgspq]21 CHALLENGE CUPS[/size:2obtgspq]
[size=95:2obtgspq]5 WORLD TITLES[/size:2obtgspq]
[b:2obtgspq][color=#FF0000:2obtgspq][size=100:2obtgspq]SAYS IT ALL REALLY[/size:2obtgspq][/color:2obtgspq][/b:2obtgspq]:d7dc4b20b2c2dd7b76ac6eac29d5604e_65656.jpg |
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| Quote: Egg Chasing "That wasn't the story that IFL played in the press though was it?'"
By all accounts he tried to buy the club, but couldn't afford it. If he's moved onto plan B and buying the assets then so be it. He's got to do what's right for us.
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| Quote: sergeant pepper "What do you mean by "it doesn't look well"?
IL has a responsibility to one club and that's ours. I can't imagine the goings on at Latics over the last few years has filled him with confidence about their long term future.
It made sense for him to try and solidify the future of Wigan Rugby at the DW by buying the stadium. It "wouldn't look good" if he didn't. Or does harmony for the town mean we once again bend over backwards, so that the football 1/4 of the town get their own way?
I'm pretty miffed at the admin who hasn't sold IL the stadium because he says he'd get shot. Nice to see he's looking out for the business & the interests of the tenant's instead of his own neck.'"
I suppose I should’ve clarified it doesn’t read well to me who has an interest in wanting both my clubs to thrive. I don’t think the stadium, with all that needs doing to it is good for either club to outright own at the moment when there’s no revenue streams for it. I also don’t think either club can thrive without the other’s economic input.
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69704_1656949802.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_69704.jpg |
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| Quote: Cruncher "You don't have to give a reason. Neither side does.
In sport, you support who you want to and dislike who you want to.
Someone asked something about how there could ever be harmony in the town. My view is that there can't. But that doesn't mean a compromise can't be reached.'"
But the animosity is all the fault of Latics fans?
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| Quote: Egg Chasing "But the animosity is all the fault of Latics fans?'"
Non-contrarians will know what I said.
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65656_1708941604.jpg [size=95:2obtgspq]23 LEAGUE TITLES[/size:2obtgspq]
[size=95:2obtgspq]21 CHALLENGE CUPS[/size:2obtgspq]
[size=95:2obtgspq]5 WORLD TITLES[/size:2obtgspq]
[b:2obtgspq][color=#FF0000:2obtgspq][size=100:2obtgspq]SAYS IT ALL REALLY[/size:2obtgspq][/color:2obtgspq][/b:2obtgspq]:d7dc4b20b2c2dd7b76ac6eac29d5604e_65656.jpg |
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| Quote: DannyT "I suppose I should’ve clarified it doesn’t read well to me who has an interest in wanting both my clubs to thrive. I don’t think the stadium, with all that needs doing to it is good for either club to outright own at the moment when there’s no revenue streams for it. I also don’t think either club can thrive without the other’s economic input.'"
I genuinely don't want Latics to go under, but it's very hard at the min to feel much sympathy or empathy towards a good section of their fan base. There's a real chip on their shoulders when it comes to the rugby club - mostly because of a poor comment made by Maurice over 30 years ago (talk about holding a grudge).
As soon as IL mentioned he wanted to unite both the club's he was attacked by a good % of the football fan base simply because of his connection with us.
Let's look at the situation with Latics - sold down the river by their owner's, imo harshly dealt with by the EFL, forced to sell some key long term prospects and that's before we even talk about them running at a loss. Now a local lad, with great connections in football and a history of successfully investing in youth development comes along, but he's rejected simply because he also runs (successfully I might add) the town's rugby team. You literally couldn't find a more prefect owner, or a more stupid reason to not want him.
IL's bid fails so he then tries to buy the stadium, as like I said earlier he'd be a fool to not try, but he's treated like the devil for doing so. Why is it ok for Latics to own the stadium and for us to rent and not the other way around? Why should we be left at the mercy of a football club that seem to be on their way out? As with most dealings with that part of the town everything has to be WAFC first and there's no room for little or anything else.
There won't be any unity until the football mob take the massive chip off their shoulders. God knows IL has thrown a few olive branches their way since he bought us.
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