| FORUMS > Wigan Warriors > Lam to stay on in 2020 |
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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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| International Board Member | 32343 | |
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| Oct 2002 | 22 years | |
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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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| Rank | Posts | Team |
| International Board Member | 3738 | |
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| Feb 2003 | 22 years | |
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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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| May 2011 | 13 years | |
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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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| Feb 2010 | 15 years | |
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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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| Rank | Posts | Team |
| International Board Member | 2185 | |
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| Aug 2002 | 22 years | |
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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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| Rank | Posts | Team |
| International Board Member | 3738 | |
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| Feb 2003 | 22 years | |
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| Oct 2024 | Oct 2024 | LINK |
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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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| Rank | Posts | Team |
| International Board Member | 11377 |  |
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| Sep 2002 | 22 years | |
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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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| Rank | Posts | Team |
| Player Coach | 5193 | No
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| Jan 2006 | 19 years | |
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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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| Rank | Posts | Team |
| International Board Member | 11377 | |
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| Sep 2002 | 22 years | |
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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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| Rank | Posts | Team |
| International Star | 4722 | No
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| Apr 2010 | 14 years | |
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:d7dc4b20b2c2dd7b76ac6eac29d5604e_51052.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.'"
but in that we got to the CC final and had the WCC at Wigan and won it. |
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| Rank | Posts | Team |
| Player Coach | 17200 |  |
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| Mar 2008 | 17 years | |
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Packs Win Games
Great Packs Make All Backs Look Class
#onceawirealwaysawire:d7dc4b20b2c2dd7b76ac6eac29d5604e_38352.jpg |
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Over the last couple of decades only 2 teams regularly made a profit. Leeds by some distance and Wire. Wigan often balanced the book and every other club have ran a loss.
As a sport we don't think we thank or recognise our investors and owners like Ken Davy etc enough.
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| Rank | Posts | Team |
| International Star | 4722 | No
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| Apr 2010 | 14 years | |
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| Oct 2024 | Sep 2024 | LINK |
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:d7dc4b20b2c2dd7b76ac6eac29d5604e_51052.jpg |
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| Quote: rubber duckie "Over the last couple of decades only 2 teams regularly made a profit. Leeds by some distance and Wire. Wigan often balanced the book and every other club have ran a loss.
As a sport we don't think we thank or recognise our investors and owners like Ken Davy etc enough.'"
wire havent made a profit for a few years now. Mainly due to transfer fees though, Leeds do as its not just the rugby team its a collective |
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| Rank | Posts | Team |
| International Board Member | 2185 | |
| Joined | Service | Reputation |
| Aug 2002 | 22 years | |
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| Jul 2024 | Jun 2022 | LINK |
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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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| Quote: Pieman "wire havent made a profit for a few years now. Mainly due to transfer fees though, Leeds do as its not just the rugby team its a collective'"
yep. Wolves lost 260k in 2016 and 70k in 2017 |
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| Rank | Posts | Team |
| Player Coach | 5193 | No
Team
Selected |
| Joined | Service | Reputation |
| Jan 2006 | 19 years | |
| Online | Last Post | Last Page |
| Aug 2024 | Mar 2024 | LINK |
| Milestone Posts |
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| Signature |
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 "Go on then, help me out with what this means?'"
More spin than Shane Warne. |
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