But all rumours start somewhere. And so few of them come to pass.

For the record, I'm sure Sadler wasn't just sitting there one day and decided to tell a lie.

But wherever he heard the gossip from, he still should have checked it with the club, which IL says he didn't. IL went further in fact, stating baldly that his family has no plans to relinquish ownership of Wigan RL. He would look very stupid indeed, after making a statement like that, to then go and sell the club.

I know it's a lot of fun during a boring time to keep stories like this running, and I myself wouldn't dismiss the possibility that moves are afoot to secure the stadium in some way. But Sadler looks foolish at present, especially as he then started to backtrack a little. I honestly wouldn't put too much stock in this rumour.

Couple of points

1/ Admins don't want 3m for the lot & Enough to cover their ongoing losses - They want 3.25m (You could argue semantics that they'll take the largest offer etc. but the SPA states 3.25m) - The admins costs are not coming from that 3m or 3.25m or whatever they sell it for - so it won't be 4-5million - it will be 3.25m

2/ The Fact Dansons Lawyers are pouring over a Data room for Wigan RL - Is this a Fact??? Are you saying that Ian Leneghan has recently opened up the books to Mike Dansons lawyers (Above and beyond and kind of due diligence they would have done in June/July last year when he bought 25%)?
As a 25% stake holder I'm sure he would have the right to review the data on a regular basis when required.
Not sure wording it as "The fact Danson's lawyers were pouring over a data room for Wigan RL would be enough to set Journos off that its a full blown sale, and there is often some truth to these stories. I suspect this could be part of a larger plan to acquire latics" is anything more than speculation and joining dots to come up with a story as opposed to any kind of Fact?

The numbers are freely available
Whats the cost of the super league ticket worth what else would he be getting for his money

So if you don't mind - Do us a favour and just let me know how much our "Big Debts" are?
I know your response will be go look for yourself, but your aware that it's you that made that statement, so you need to back that up with some EVIDENCE. if it's that simple, just post it.

As for why it's worth 10million - possibly the same reason it cost Ian Leneghan 7.5/8million 13 + years ago.
And I would suggest were in a FAR better position & worth more now than we were then - and if you can't see that and think were worth no more than a SL ticket then then I guess you need to do your research

You sir are Martyn Sadler and I claim my £5.

It's a stupid man who knows the cost of everything and the value of nothing!!

Or a troll.

The debts are on the balance sheet and have been referred to many times on here.
The £10 million comes from the new fella paying £2.5 million for 25%.He only needs to spend the same again to get control.
The only asset would be Orrell but without planning permission?
If Lenagan walks away and wants his money back your in same boat as Latics.
Get Real

So what are those "Debts"?
Just give me a figure, you know, like Wigan RLFC owe 5milluon or whatever to,y or z

Dead simple, you made the statement, you said its easily and readily available

Thats all I'm asking for

im quite sure there are no debts are there as IL clears them every year, or do you mean losses?

Ignore the latics troll. Just another tic with delusions of grandeur, who can't hack that the value of his pub league football side is 3x less the value of Wigan, despite the fact they come with a free stadium. That's the only real value of the tics...without it they are worthless

For clarity - No its not a fact....I was simply providing as an example....ie/ if Danson's lot were looking over a data room, it would be enough for Journos to speculate that there was a purchase, when it could just be a share acquisition. Its a frequent mistake that journos make, hence why I used it as an example. I am not presenting this as fact, merely speculating about where the story could have come from and why I wouldn't be surprised if it was part of arranging funds to purchase the stadium and latics

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???

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

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?

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

Insolvent?
Stopped reading at that point

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.

4 x DW Stadiums = 100,000

Wembley Stadium = 90,000

Wigan RL > Wembley Stadium.

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.

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