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FORUMS > Wigan Warriors > Lenagan to sell the club?
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Quote: Jukesays "I would be very surprised (From what I know) if Danson were in the running to buy the stadium/Latics (Can't go to much into why I believe that)
I was just pointing out that you said " The FACT Danson's lawyers" were pouring over the Data room, when they haven't.
Ian Leneghan has never been one to respond to rumours, and many times he's ridden through a storm and not said anything (Sometime to critical responses from fans who wanted him to say something/anything) until FACTS were concrete etc.
For him to rebuke the article so quickly says a lot to me'"


icon_biggrin.gif

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You can almost buy 4 Wigan Athletics complete with a training ground and a stadium for the price of 100% control of Wigan RLFC.

I bet the tics fans love that

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Quote: Egg Chasing "You can almost buy 4 Wigan Athletics complete with a training ground and a stadium for the price of 100% control of Wigan RLFC.

I bet the tics fans love that'"


Or more precisely

Nearly 4 x stadiums and training grounds, and you'd have £4 left over?

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The only person who would pay £10m for Wigan would be a Wigan fan with a stupid amount of money who isn’t bothered about losing their investment. The company is insolvent, has no assets to speak of and has net liabilities of £8m. Whether you want to value it on a break up basis (net assets), P/E basis or dividend yield basis, the club is basically worthless and no business man who had no connection with the club or game would touch it.

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Quote: Steph Curry "The only person who would pay £10m for Wigan would be a Wigan fan with a stupid amount of money who isn’t bothered about losing their investment. The company is insolvent, has no assets to speak of and has net liabilities of £8m. Whether you want to value it on a break up basis (net assets), P/E basis or dividend yield basis, the club is basically worthless and no business man who had no connection with the club or game would touch it.'"


As with pretty much every sports club in the world

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Quote: Steph Curry "The only person who would pay £10m for Wigan would be a Wigan fan with a stupid amount of money who isn’t bothered about losing their investment. The company is insolvent, has no assets to speak of and has net liabilities of £8m. Whether you want to value it on a break up basis (net assets), P/E basis or dividend yield basis, the club is basically worthless and no business man who had no connection with the club or game would touch it.'"


Insolvent?
Stopped reading at that point

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Quote: Steph Curry "The only person who would pay £10m for Wigan would be a Wigan fan with a stupid amount of money who isn’t bothered about losing their investment. The company is insolvent, has no assets to speak of and has net liabilities of £8m. Whether you want to value it on a break up basis (net assets), P/E basis or dividend yield basis, the club is basically worthless and no business man who had no connection with the club or game would touch it.'"


hahahaha showed little knowledge of business when you mentioned them being insolvent you clown.....

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Quote: Pieman "hahahaha showed little knowledge of business when you mentioned them being insolvent you clown.....'"



You dont know the difference between debt and losses.

The values quoted are probably to 2019 only got worse since then.

Still Lanagan with his debenture wont lose out.

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Quote: Jukesays "Or more precisely

Nearly 4 x stadiums and training grounds, and you'd have £4 left over?'"


4 x DW Stadiums = 100,000

Wembley Stadium = 90,000

Wigan RL > Wembley Stadium.

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Quote: Jukesays "I would be very surprised (From what I know) if Danson were in the running to buy the stadium/Latics (Can't go to much into why I believe that)
I was just pointing out that you said " The FACT Danson's lawyers" were pouring over the Data room, when they haven't.
Ian Leneghan has never been one to respond to rumours, and many times he's ridden through a storm and not said anything (Sometime to critical responses from fans who wanted him to say something/anything) until FACTS were concrete etc.
For him to rebuke the article so quickly says a lot to me'"


I was providing that as an example. To give it some context and meaning; I was attempting to highlight that 'the fact (alone)' that someone is reviewing a company/data room often leads to speculation, but it doesn't necessarily mean they are buying. It was intended to be an example rather than interpreted precisely as FACT that danson was in the data room! Sorry if it wasn't clear.

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Quote: Jukesays "Well - to be more specific
The stadium comes at 3.25m - The Latics are going for a £1 - So I make that 10million x times more???'"


Good point.....and that's a pretty fair valuation of both clubs IMO! icon_lol.gif

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Quote: Egg Chasing "You can almost buy 4 Wigan Athletics complete with a training ground and a stadium for the price of 100% control of Wigan RLFC.

I bet the tics fans love that'"


Again, a fair representation of the relative value of both club!!. AND....they clearly do love it...that's why 'tic-mon' is all over this thread crying his heart out and making up imaginary debts!! icon_lol.gif

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Quote: Jukesays "Or more precisely

Nearly 4 x stadiums and training grounds, and you'd have £4 left over?'"


icon_lol.gif icon_lol.gif icon_lol.gif icon_lol.gif

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And what would happen to Leeds, Saints, Wire, Huddersfield, Leigh etc if Caddick, Coleman, Moran, Davey, Beaumont et al decided to "call their debts in"

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Quote: satanicmills "You dont know the difference between debt and losses.

The values quoted are probably to 2019 only got worse since then.

Still Lanagan with his debenture wont lose out.'"


what?......

299 posts in 21 pages 
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Subscribe | Moderators: Admin, DaveO , Wigan6/Leeds1 Andy , Pemps
299 posts in 21 pages 
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Subscribe | Moderators: Admin, DaveO , Wigan6/Leeds1 Andy , Pemps



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