FORUMS > Wigan Warriors > Lam to stay on in 2020 |
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[b:2boqkfe7][color=#800000:2boqkfe7]WIGAN RLFC - SL ERA
WORLD CLUB CHAMPIONS 2017 & 2024
SUPER LEAGUE CHAMPIONS 1998, 2010, 2013, 2016, 2018, 2023 & 2024
CHALLENGE CUP FINAL WINNERS 2002, 2011, 2013, 2022 & 2024
LEAGUE LEADERS CHAMPIONS 2010, 2012, 2020, 2023 & 2024
ACADEMY GRAND FINAL WINNERS 2008, 2009, 2010, 2011, 2013, 2014, 2015, 2017, 2018, 2019 & 2024
WOMEN’S GRAND FINAL WINNERS 2018
BEST SUPPORTED CLUB OF THE YEAR 2010, 2011, 2012 & 2024
CLUB OF THE YEAR 2010 & 2012
[/color:2boqkfe7][/b:2boqkfe7]: |
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| Quote: DannyT "Thanks. If we own the freehold and the land etc. Then fair enough I’ve no issues with having an asset on the books but I’ve only found that we’ll take over the lease which will save the council about £215k a year. If we don’t own it, to what purpose can IL sell us on if we don’t have anything to actually sell on as an arm of the council seem to be taking over the running of Central Park?'"
I was under the impression it was rented. So that would mean we would have:
DW - Rent
Robin Park Arena - Rent
Town Centre Shop - Rent
Whereas last year we had:
Orrell - owned
Hilton Street properties - owned
Central Park School - Rent, moved.
As far as I can see.... no assets, other than the playing squad (contractors).
Happy to be proven wrong about Robin Park (hope I am).
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51052_1304440802.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_51052.jpg |
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| your right pal, was saying to my dad last night as the game how much saints have got it right, great stadium, great service were pinging notes into the till left right and centre all going into their pockets, their academy play there also. We are missing a trick so so much with the renting of a stadium and is costing the club a fortune in lost revenue.
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| Quote: MattyB "I was under the impression it was rented. So that would mean we would have
Don't we still have Orrell? I didn't think it had been sold yet. Either way, it's great to have assets but what use is the land to the club if it's no longer fit for the purpose it was designed for? If the club wants to invest in other areas surely it's better to sell it rather than keep hold for the sake of having an asset.
Renting the DW saves us money in terms of maintenance. The big issue is not making money from hospitality and events. If the club can make up for that loss (which presumably is what they are hoping for with Robin Park) then it's removing that negative.
I'm not sure how our deal for Robin Park is going to work but if it means the club is going to take over the running of Robin Park and therefore make money from events held there then that should hopefully give us another source of income and make up for what we lose by renting the ground.
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| Quote: Pieman "your right pal, was saying to my dad last night as the game how much saints have got it right, great stadium, great service were pinging notes into the till left right and centre all going into their pockets, their academy play there also. We are missing a trick so so much with the renting of a stadium and is costing the club a fortune in lost revenue.'"
It always makes me laugh when you get the “you don’t need to own a stadium” brigade banging out nonsense,if nothing else a stadium is a huge asset,one that as you say contributes to the coffers of a club,as you say you could have the ladies playing,the kids all there playing under the one roof.
As it stands all Wigan own is gym equipment and a few tackle bags
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| Quote: Pieman "your right pal, was saying to my dad last night as the game how much saints have got it right, great stadium, great service were pinging notes into the till left right and centre all going into their pockets, their academy play there also. We are missing a trick so so much with the renting of a stadium and is costing the club a fortune in lost revenue.'"
I think the rent is a small amount as we don't see a penny from the food or alcohol stalls
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Club Owner | 910 | No Team Selected |
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Apr 2004 | 21 years | |
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9634.jpg Neil, Reggie, Cowie forever.:9634.jpg |
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| Quote: hengirl "It always makes me laugh when you get the “you don’t need to own a stadium” brigade banging out nonsense,if nothing else a stadium is a huge asset,one that as you say contributes to the coffers of a club,as you say you could have the ladies playing,the kids all there playing under the one roof.
As it stands all Wigan own is gym equipment and a few tackle bags'"
Chance's are they are on HP.
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3076_1671446335.jpg SAINTS THE ORIGINAL AND PERENNIAL CHEATS
For sale full Saints kit (circa 1989). Shirts in pristine condition, but shorts badly soiled.
For 27 - 0 you get a trophy
For 75 - 0 you get sod all.
Wigan had eight in a row
Saints have five in a row:d7dc4b20b2c2dd7b76ac6eac29d5604e_3076.jpg |
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Quote: hengirl "It always makes me laugh when you get the “you don’t need to own a stadium” brigade banging out nonsense,if nothing else a stadium is a huge asset,one that as you say contributes to the coffers of a club,as you say you could have the ladies playing,the kids all there playing under the one roof.
As it stands all Wigan own is gym equipment and a few tackle bags'"
Since Saints moved into their new stadium they have lost £7,996 million. In the same period Wigan lost £1,613 million.
https://beta.companieshouse.gov.uk/comp ... ng-history
https://beta.companieshouse.gov.uk/comp ... ng-history
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Quote: hengirl "It always makes me laugh when you get the “you don’t need to own a stadium” brigade banging out nonsense,if nothing else a stadium is a huge asset,one that as you say contributes to the coffers of a club,as you say you could have the ladies playing,the kids all there playing under the one roof.
As it stands all Wigan own is gym equipment and a few tackle bags'"
Since Saints moved into their new stadium they have lost £7,996 million. In the same period Wigan lost £1,613 million.
https://beta.companieshouse.gov.uk/comp ... ng-history
https://beta.companieshouse.gov.uk/comp ... ng-history
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4067_1617434324.jpeg 1998,2010,2013,2016,2018 & 2023.....I was there
⭐️⭐️⭐️⭐️⭐️:d7dc4b20b2c2dd7b76ac6eac29d5604e_4067.jpeg |
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| Quote: Rogues Gallery "Since Saints moved into their new stadium they have lost £7,996 million. In the same period Wigan lost £1,613 million.
Difference is if they were to have financial difficulties then they have assets to rescue them.....we don't.
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| Quote: hatty "Difference is if they were to have financial difficulties then they have assets to rescue them.....we don't.'"
What do you mean 'assets to rescue them'?
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| Quote: Wigg'n "What do you mean 'assets to rescue them'?'"
They can sell their ground, clear their debts and ground share with Widnes ?
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2572.jpg Ah, good taste!
What a dreadful thing!
Taste is the enemy of creativeness.
Pablo Picasso:2572.jpg |
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| So despite the salary cap, RL is still in a position where the teams that can afford to lose the most can win the most?
Wolves lost 260k in 2016 and 70k in 2017
Leeds make money but that's at the expense of spending on the team - and that is showing with their league positions once the golden generation retired.
Hull FC ground share in a council stadium.
Cas make money but havent won anything
Giants debts are £10M more than their assets
Hull KR? Salford? London? Wakefield? no financial cures there
all very worrying.
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4067_1617434324.jpeg 1998,2010,2013,2016,2018 & 2023.....I was there
⭐️⭐️⭐️⭐️⭐️:d7dc4b20b2c2dd7b76ac6eac29d5604e_4067.jpeg |
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| Quote: Wigg'n "What do you mean 'assets to rescue them'?'"
Not to rescue as such, more of a remortgage
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2960.jpg :2960.jpg |
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| Quote: Rogues Gallery "Since Saints moved into their new stadium they have lost £7,996 million. In the same period Wigan lost £1,613 million.
Classic RG spin
Here's another way of looking at it chap:
- The losses you quote for Saints include big depreciation charges (approx £500k p.a.) for a stadium that has been fully paid for whilst the club remains debt free;
- Early teething problems at the stadium (hospitality/catering etc subsequently taken in house, cladding-gate etc) led to chunky losses in early years, but after adjusting for depreciation, Saints made an opeprating profit in both 2015 and 2016 - we didn't make a final in either year. Wigan lost about £650k by the same measure in 2016 alone despite winning SL
- 2017 was a difficult one and a loss of c.£0.7m was made as lots of changes made and costs incurred (KC and some associated staff leaving mid-contract, connection lost between club and town) HOWEVER McManus has advised he expects us to be back in profit for 2018 without a final appearance. We will know soon enough as the accounts are due shortly. In 2017 Wigan lost £450k-ish despite winning the WCC and making (and profitably losing) the Challenge Cup Final.
- After recent conversion of shareholder loans to equity, Saints have a positive net asset position of £22m and no debt. Wigan are balance sheet insolvent with minimal assets, owe c.£1m to the Bank and c.£6m to Lenagan - hopefully neither of them ever need the money back.
I know you long banged the "it's better to rent than have assets" drum with respect to Saints, but let's have a bit of balance eh.
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20333_1393344959.gif Current thoughts - Mago out or get running up them plantations, get fit or get rid.
Maybe a back up halfback, someone with a bit of experience on a short term deal.
Big tall strong running second rower, like a McMeekin or Sironen type back rower.:d7dc4b20b2c2dd7b76ac6eac29d5604e_20333.gif |
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| Quote: FearTheVee "Classic RG spin
Wigan lost £650k and Saints lost £0.7m, I see what you did there, you are Alistair Campbell and I claim my £5.
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2960.jpg :2960.jpg |
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| Quote: post "Wigan lost £650k and Saints lost £0.7m, I see what you did there, you are Alistair Campbell and I claim my £5.'"
Go on then, help me out with what this means?
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