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| Latest story doing the rounds is that all those crocks signed on big money two years ago don't have relegation clauses so their salary (that increased due to promotion) won't be returning to what it was in L1.
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| Now on -8, that's if they even start the season, seems like even the Cockney Latics mob aren't "believing" any longer
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| F**K EM
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| Few frothy comments insisting that IL is rubbing his grubby hands in anticipation.
Yeah I'm sure he can't wait to shell out on a "million quid a year loss white elephant".
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| Quote ="MattyB"Few frothy comments insisting that IL is rubbing his grubby hands in anticipation.
Yeah I'm sure he can't wait to shell out on a "million quid a year loss white elephant".'"
We should stay well clear
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| First team squad not been paid again, a couple of hours to go so that might change but looking like another -4 beckons
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| A lot of rumours knocking around about administration tonight.
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| Wouldn’t surprise if someone bought them.
They could buy them pretty cheaply and if they are prepared for a punt and take a longer term view it could work.
They’ve been looking for a sale I believe for quite a while and maybe the SP has reached rock bottom which could entice someone.
Waiting to acquire post administration is open to counter offers and uncertainty so if someone really wanted to acquire a FL club for say £8m or lower it could be a good long term investment.
I’ve no interest whatsoever in football so I’ve no dog in the fight but ideally I’d like Danson to step in and buy them to secure our future.
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| Not even a £1 price tag would tempt any sane individual. The outgoings versus income is astronomical, brought about by paying excessive salaries to mediocre old footballers with no sell-on value. The retained list showed that pretty much all the dross that couldnt hack it in the championship had triggered an additional year and the rumour is the additional year will be on current wages, not 3rd tier.
Anyone buying the club will need at least £10m just to cover the shortfalls until June 2024 when the high paid, under achieving old men finally leave. And at that point, they'll have the problem of a club probably in the 4th tier with no players and have to sign anyone willing to come, which will probably be the old knackers again.
Its a flawed business model, and I cant see any way out for them as a football league club. The kindest thing to do would be to liquidate them and start again. Perhaps we could let them play at Robin Park in the north-west counties league?
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| Quote ="muttywhitedog"Not even a £1 price tag would tempt any sane individual. The outgoings versus income is astronomical, brought about by paying excessive salaries to mediocre old footballers with no sell-on value. The retained list showed that pretty much all the dross that couldnt hack it in the championship had triggered an additional year and the rumour is the additional year will be on current wages, not 3rd tier.
Anyone buying the club will need at least £10m just to cover the shortfalls until June 2024 when the high paid, under achieving old men finally leave. And at that point, they'll have the problem of a club probably in the 4th tier with no players and have to sign anyone willing to come, which will probably be the old knackers again.
Its a flawed business model, and I cant see any way out for them as a football league club. The kindest thing to do would be to liquidate them and start again. Perhaps we could let them play at Robin Park in the north-west counties league?'"
Difficult to argue with the vast majority of that however, there are lots of very rich people who would love the opportunity to own an English FL club.
The current owners keep paying “key” personnel albeit late for some reason.
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| It’s making me laugh how people are saying IL will buy them and Latics fans calling him out for trying to buy the stadium, I think someone called him a leech. IL is not stupid, I am sure he looked at owning both but either didn’t have the cash or could see it was a money pit. The next best thing to do is to protect your investment and secure the stadium for the rugby, the money Latics could have saved on the upkeep could have gone towards the players. I am not sure what Dansons stance is but just because he’s rich doesn’t mean he should part with him money and that goes for the Rugby as well.
I am sure they will be bought out but they need to let go of the idea that they'll ever be a PL team again. They are a Championship side at best. Stay in your lane and remain in L1 for a bit I say.
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| IL is at the point wheres he starting to scale back his duties regards the club. (Recently promoted Rads for instance). He's already recently put out a statement regarding business continuation with his sons and/or Mike Danson.
Absolutely no way IL is thinking of saving the football club "unless" as part of a consortium of local figures with enough money reserves to support and grow.
At the end of the day Wigan Rugby League should stay out of any comments to the press until circumstances affect them.
I'm just glad it's not us.
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| I don’t see how IL buys Latics to be honest. Both clubs under one banner sounds good in theory but in practice I don’t think will work which is a shame.
I just hope whoever does buy Latics actually gives a toss about them and runs the club properly and grows the club. I’ve grown in admiration for the club in recent seasons despite not being a football man myself and would hate to see them go the way of Bury.
A strong Latics and strong Warriors benefits the whole town. I just wish more fans from both clubs could see it that way.
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| Anyone been past the ground recently ? A few Latics supporting mates of mine were saying the pitch was in a right state, dug up then nothing, now they may well have just been on the wind-up with the cup game soon but I wouldn't put it past these owners to start the work then not pay the contractors way things are going
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Result. Best news I've heard in a while.
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Result. Best news I've heard in a while.
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| Quote ="Conroy!"Result. Best news I've heard in a while.'"
With those two gone is there anyone actually in the country to do the day to day running of the club ?
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| Quote ="apollosghost"With those two gone is there anyone actually in the country to do the day to day running of the club ?'"
No but it’s being reported that there are people at an advanced stage to take over and be new owners.
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| Sold "subject to EFL approval" straight from latics website
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| Quote ="apollosghost"Sold "subject to EFL approval" straight from latics website'"
That shouldn't be hard to do if the last two lots they've had have got through.
Here's hoping we get a fair crack of the DW whip.
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| And so it starts all over again.
Is there any point even asking what the next owners will think about sharing the stadium with us, or will this lot not be around that long either?
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| Quote ="apollosghost"Sold "subject to EFL approval" straight from latics website'"
Nothing to do with Lenagan according to Kendrick.
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| Quote ="Cruncher"And so it starts all over again.
Is there any point even asking what the next owners will think about sharing the stadium with us, or will this lot not be around that long either?'"
It's all irrelevant really. The council won't allow them to kick us out so they're stuck with us. We just have to hope to get a decent share of our profits.
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| Quote ="apollosghost"Anyone been past the ground recently ? A few Latics supporting mates of mine were saying the pitch was in a right state, dug up then nothing, now they may well have just been on the wind-up with the cup game soon but I wouldn't put it past these owners to start the work then not pay the contractors way things are going'"
Saw a drone aerial shot on facebook a few days ago, no lines on the pitch yet if i remember right but the surface looks good and has definitely been done.
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