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| Quote ="[Gareth"Typical 'tics morons. The town is full of them.....'"
Full? FULL?? The tics have never filled anything!!!
...Yes sadly there are still too many bitter and obsessed tics in the town, but thankfully they remain a noisy, whilst annoying, minority!
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| Quote ="satanicmills"https://www.totalrl.com/forums/index.php?/topic/345252-wigans-2018-accounts/'"
thanks you proved my point
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| Quote ="Jukesays"It doesn't, hence my initial reply to them
But wigan (Leneghan) owe Leneghan holdings 5.9million (approx)
St helens on the other hand (no idea if the troll is a latics/saints fan, but there pretty much the same thing at times) owe their parent company 20million approx
Just short of a million mote than the previous year.
Nobody likes losing money (on average about half a million a year last 4/5years) but there are mitigating factors in that, there are some issues.
But its nice to be able to have an owner who doesn't seem in too much of a rush to release control whilst still investing in the club and keeping us at the top of British rugby league. Whilst at the same time having the knowledge that there would be lots of interested parties with SERIOUS interest in purchasing the club should/when he decides to move on.
I bet other sporting clubs would love that'"
5 million over more than ten seasons is very little. The tics were hemorrhaging that sort of money over a 3-4 month period before being placed in administration. Over a million quid a month lost to that black hole......as you say, how they would love to be in the position of wigan, minor losses and lots of serious interest to purchase the club when he moves on....not just chancers and dreamers like the tics administrators have dealt with for the last 9 months!!
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Club Owner | 7785 | No Team Selected |
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| Quote ="afootingmiracle21-12" lots of serious interest to purchase the club when he moves on....not just chancers and dreamers like the tics administrators have dealt with for the last 9 months!!'"
Well, that may not 100% be accurate
The admins have no-one but themselves to blame over the last 8months for many reasons.
When I say themselves to blame, I'm not sure they'll be blaming anyone when they eventually walk away this summer (my guess) with approx 2.5million in their back pocket
But that's a different story
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| Quote ="satanicmills"https://www.totalrl.com/forums/index.php?/topic/345252-wigans-2018-accounts/'"
You chose an article from 2019 describing accounts from 2017 to make your point. Really? Come on buddy you’ve got to do better than that
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| Quote ="afootingmiracle21-12"5 million over more than ten seasons is very little. The tics were hemorrhaging that sort of money over a 3-4 month period before being placed in administration. Over a million quid a month lost to that black hole......as you say, how they would love to be in the position of wigan, minor losses and lots of serious interest to purchase the club when he moves on....not just chancers and dreamers like the tics administrators have dealt with for the last 9 months!!'"
Latics could have probably paid off their debts in the next transfer window with a few player sales as they did most seasons. Their owners had already pulled the plug though and of course the admins saw the pound signs, and now they have been ripped apart.
Most clubs in the top two divisions lose millions a month because of the ridiculously high wages. If you decide not to pay the wages you simply can't compete. If you're lucky enough to make the PL then it all becomes worth it, but if you don't then you end up in serious trouble like Latics, Sunderland, Derby, Sheff Weds. They brought in FFP but it's a farce. If you go up then you can't be punished (Wolves and QPR) for it. If you don't go up then just fudge your books (Sheff Weds and Derby) and you effectively get away with it. Leagues 1 and 2 tried to fix it with a salary cap but brought it in illegally. Makes our salary cap look a stroke of genius. The whole sport is a ticking time bomb.
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| Quote ="Egg Chasing"Latics could have probably paid off their debts in the next transfer window with a few player sales as they did most seasons. Their owners had already pulled the plug though and of course the admins saw the pound signs, and now they have been ripped apart.
Most clubs in the top two divisions lose millions a month because of the ridiculously high wages. If you decide not to pay the wages you simply can't compete. If you're lucky enough to make the PL then it all becomes worth it, but if you don't then you end up in serious trouble like Latics, Sunderland, Derby, Sheff Weds. They brought in FFP but it's a farce. If you go up then you can't be punished (Wolves and QPR) for it. If you don't go up then just fudge your books (Sheff Weds and Derby) and you effectively get away with it. Leagues 1 and 2 tried to fix it with a salary cap but brought it in illegally. Makes our salary cap look a stroke of genius. The whole sport is a ticking time bomb.'"
I agree. You may not like Latics but you’ve got to feel for their fans. These admins are nothing short of criminal and it looks like to me it’s only a matter of time before they go out of business. IMHO Wigan needs Latics as much as it needs Warriors.
But your sadly very right with the last sentence, there’s many other Latics’ out there and it’s a matter of time before they too are staring into the abyss.
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| Quote ="100% Warrior"I agree. You may not like Latics but you’ve got to feel for their fans. These admins are nothing short of criminal and it looks like to me it’s only a matter of time before they go out of business. IMHO Wigan needs Latics as much as it needs Warriors.
But your sadly very right with the last sentence, there’s many other Latics’ out there and it’s a matter of time before they too are staring into the abyss.'"
There won't be many clubs in the whole football league that will survive for very long if the owner walks away today. So the situation at Wigan is no different to any other club in any other sport.
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| Quote ="afootingmiracle21-12"5 million over more than ten seasons is very little. The tics were hemorrhaging that sort of money over a 3-4 month period before being placed in administration. Over a million quid a month lost to that black hole......as you say, how they would love to be in the position of wigan, minor losses and lots of serious interest to purchase the club when he moves on....not just chancers and dreamers like the tics administrators have dealt with for the last 9 months!!'"
Just realised that today is Friday - administration statement day, Season 6 Episode 18.
[i =#4080FF{Makes brew, opens pack of biscuits emoji inserted here}
[/i
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| Quote ="MattyB":32lul3p8Just realised that today is Friday - administration statement day, Season 6 Episode 18.
[i:32lul3p8=#4080FF:32lul3p8{Makes brew, opens pack of biscuits emoji inserted here}
:32lul3p8[/i:32lul3p8'"
We will keep fans updated with more lies and propoganda soon as we get paid every time we do."
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| Quote ="Egg Chasing"I've seen it already.
"We have had positive talks with [insert inflated number bidders who are all at different stages of the process.
[Insert self promotion bull
We will keep fans updated with more lies and propoganda soon as we get paid every time we do."'"
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| Quote ="Ruddy Duck"How many times have you seen a rumour or story strongly denied only for it to turn out to be true?
There comes a time in everyones life that you have to wind down and enjoy retirement without any financial worries and IL at 75 years of age is no exception.
As the saying goes, there's no smoke without fire!'"
Classic example of why there really is no point in the club commenting on rumours.
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| Quote ="Ruddy Duck"
As the saying goes, there's no smoke without fire!'"
I blame Den Perry.
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| Quote ="MattyB"I blame Den Perry.'"
Do you know the Mexican for let us out we're burning?
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| Quote ="Egg Chasing"Do you know the Mexican for let us out we're burning?'"
Déjanos salir, estamos ardiendo..... Agghhh!!
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| Quote ="Egg Chasing"Do you know the Mexican for let us out we're burning?'"
Have you ever smelt burning flesh son?
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| Quote ="100% Warrior"You chose an article from 2019 describing accounts from 2017 to make your point. Really? Come on buddy you’ve got to do better than that'"
Fact is it demonstrates the difference between losses and debts by one of your own.Though some of the numbnuts still cant grasp it.
The position for the next 12 months has only got worse.With the unfortunate position of the last 12 months the results can only be similar again.The auditors comments are relevant year on year.
Go look Ive had enough fun
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| Quote ="satanicmills"Fact is it demonstrates the difference between losses and debts by one of your own.Though some of the numbnuts still cant grasp it.
The position for the next 12 months has only got worse.With the unfortunate position of the last 12 months the results can only be similar again.The auditors comments are relevant year on year.
Go look Ive had enough fun'"
yes, it showed we had losses and no debts as IL clears the losses at the end of the year, like he did last year when he put in 500k, it proved you were wrong and everyone else was right....so nice one
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| Quote ="satanicmills"Fact is it demonstrates the difference between losses and debts by one of your own.Though some of the numbnuts still cant grasp it.
The position for the next 12 months has only got worse.With the unfortunate position of the last 12 months the results can only be similar again.The auditors comments are relevant year on year.
Go look Ive had enough fun'"
Any auditor will tell you that a business that loses money isn't a viable business.
Wigan lose money. They don't however owe any money.
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| Quote ="[Gareth"Have you ever smelt burning flesh son?'"
Laugh or burn, take your pick.
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| I've got skin like asbestos, doctors say I'm a genetic freak
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| Quote ="Jukesays"I've got skin like asbestos, doctors say I'm a genetic freak'"
W****r
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Quote ="Egg Chasing"I've seen it already.
"We have had positive talks with [insert inflated number bidders who are all at different stages of the process.
[Insert self promotion bull
We will keep fans updated with more lies and propoganda soon as we get paid every time we do."'"
https://wiganathletic.com/news/2021/feb ... 12-02-21-/
Well you weren't wrong, see you next Friday for Season 6 Episode 19
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Quote ="Egg Chasing"I've seen it already.
"We have had positive talks with [insert inflated number bidders who are all at different stages of the process.
[Insert self promotion bull
We will keep fans updated with more lies and propoganda soon as we get paid every time we do."'"
https://wiganathletic.com/news/2021/feb ... 12-02-21-/
Well you weren't wrong, see you next Friday for Season 6 Episode 19
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| Quote ="satanicmills"Fact is it demonstrates the difference between losses and debts by one of your own.Though some of the numbnuts still cant grasp it.
The position for the next 12 months has only got worse.With the unfortunate position of the last 12 months the results can only be similar again.The auditors comments are relevant year on year.
Go look Ive had enough fun'"
The irony is that “numbnuts” is you.
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| Quote ="afootingmiracle21-12"A suspect there could well be an element of truth in this story.
Lenagan could well be selling more equity in Lenagan investments to fund a purchase of Latics and the stadium? Danson has already invested 2.5m. Lenagan could sell another 2.5m and still retain control. Is Lenagan potentially brokering a deal which brings Danson in at almost 50% to fund latics purchase? Admins want £3m for the lot and enough to cover their ongoing losses. If Lenagan had 4-5mil from Danson's investment, plus a small injection of cash himself, that could easily be achieved.
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.'"
Could they not be looking at Latics books?
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