Burndens Bogs Posted June 4, 2023 Author Posted June 4, 2023 34 minutes ago, Dr. Feelgood said: Well, those details allow extrapolation of their situation. The 125% bond is £2.34m So a month's wage is £1.88m x 13 month's, as they pay 28 daily, that's £24,440,000m pa. If they sort everything out they're already on -8pts & counting & due to pay £6.1m out of whatever funds they get (if any) straight away. Lovely, &, as they say, jubbly. I love that the owners promised three sums, ranging from £700k to £20m. There's nowt like having a contingency. They've spoken before about reducing the wagebill, I'm not sure whether it's 'by' ⅓ or 'to' ⅓. These sums, from £24.4m will be to a wagebill of either £8.12m & £16.25m. If the above £6.1m (so £2.12m or £20.15m) has to come out of it even the top line £20m being put in isn't going very far. Especially as their miniscule fan base isn't able to fund the operation and they have precious little of value to sell. ... & this is a. Taking them at face value b. Giving them maximum numbers. Tick ⏰️ Tock. I’m sure i read somewhere that their weekly wage bill is £150k? Someones way out. Quote
Farnywhite Posted June 4, 2023 Posted June 4, 2023 Like the bit that the national insurance was two months behind till they got the injection of cash . So that wouldn’t have been payed since the last cash injection by the owners the inland revenue will be looking at them closely Quote
ZiggyStardust Posted June 4, 2023 Posted June 4, 2023 Quote With money owed to HMRC, there is a growing feeling a winding-up petition could be issued in a bid for find out whether the owners are willing to continue funding the club. https://www.bbc.co.uk/sport/football/65805738 Quote
barrycowdrill Posted June 4, 2023 Posted June 4, 2023 Nothing says stability like a shot gun sale Quote
Farnywhite Posted June 4, 2023 Posted June 4, 2023 Strange that the board members that quit no nothing of this . you would think if there was any truth in it the owners would inform the board. that they have new owners lined up 🤔 Quote
Moderators Zico Posted June 4, 2023 Moderators Posted June 4, 2023 9 hours ago, kent_white said: Sometimes I think that Super League idea isn't the worst idea in the world. Let all the plastic fans watch their favourite franchise from the comfort of their front rooms every week - and leave a league behind that was competitive for normal football fans. Don't think that all the big clubs don't have normal, innocent fans Look at the fans reactions when it came up the other season No one other than owners who want to make money want it Quote
barrycowdrill Posted June 4, 2023 Posted June 4, 2023 Talal going in to the EFL as the “new” owner Quote
Duck Egg Posted June 4, 2023 Posted June 4, 2023 1 hour ago, Burndens Bogs said: I’m sure i read somewhere that their weekly wage bill is £150k? Someones way out. Charlie Wyke is on 10k a week. You've another 22 or 23 senior professionals, before you even consider under 23s, coaching and club staff. 150k would be way way way too low imo. Quote
Burndens Bogs Posted June 4, 2023 Author Posted June 4, 2023 Even if it’s true and they have a buyer, the purchase of a football club takes months as we well know. There’s a lot of wages to be paid before any deal is completed. Personally i think it’s just a smokescreen dreamt up by the current owners. ”We didn’t pay the wages, because we are close to selling the club” Yeh right. Quote
Marc505 Posted June 4, 2023 Posted June 4, 2023 6 minutes ago, barrycowdrill said: Talal going in to the EFL as the “new” owner Superb. Bahrain flags replaced by Swiss flags next. Quote
Burndens Bogs Posted June 4, 2023 Author Posted June 4, 2023 (edited) 4 minutes ago, Duck Egg said: Charlie Wyke is on 10k a week. You've another 22 or 23 senior professionals, before you even consider under 23s, coaching and club staff. 150k would be way way way too low imo. Yeh but Wykes one of their top earners. Average is £5k per week i believe Edited June 4, 2023 by Burndens Bogs Quote
Dr. Feelgood Posted June 4, 2023 Posted June 4, 2023 2 hours ago, Mounts Kipper said: And have they paid HRMC is the next question. Well, they hadn't last week. Quote
Moderators Casino Posted June 4, 2023 Moderators Posted June 4, 2023 6 minutes ago, Burndens Bogs said: Yeh but Wykes one of their top earners. Average is £5k per week i believe As above, the 125% bond is 2.35 million Near as damn it 2 million a month No way is the average 5k, not a chance in hell Quote
Burndens Bogs Posted June 4, 2023 Author Posted June 4, 2023 1 minute ago, Casino said: As above, the 125% bond is 2.35 million Near as damn it 2 million a month No way is the average 5k, not a chance in hell Saw a list somewhere t’other day, some of their under 23’s are on less than £500 per week. Might be bollox, i dunno. Quote
Dr. Feelgood Posted June 4, 2023 Posted June 4, 2023 2 hours ago, Burndens Bogs said: I’m sure i read somewhere that their weekly wage bill is £150k? Someones way out. Obviously details are uncertain, but the simple 'give' was that the 125% bond is £2.34m. Everything rolls from that. Quote
BeeversLeftPeg Posted June 4, 2023 Posted June 4, 2023 Deal agreed according to their latest statement: https://wiganathletic.com/news/2023/june/04/club-statement-ownership-of-Wigan-Athletic/ Hope its fucking Bassini Quote
Moderators Casino Posted June 4, 2023 Moderators Posted June 4, 2023 If true, about a sale, thats most disappointing But another -3 gives em a mountain to climb And im guessing they will default on the wages each pay day til it goes through Fwiw, i find it unlikely that anybody buys at this stage Quote
Big E Posted June 4, 2023 Posted June 4, 2023 Just now, Casino said: If true, about a sale, thats most disappointing But another -3 gives em a mountain to climb And im guessing they will default on the wages each pay day til it goes through Fwiw, i find it unlikely that anybody buys at this stage It’s weird how saleable they are when we found it so hard Quote
Mounts Kipper Posted June 4, 2023 Posted June 4, 2023 3 minutes ago, Big E said: It’s weird how saleable they are when we found it so hard They are either stupid, absolutely minted or Leneghan is involved. Quote
Rizlar Posted June 4, 2023 Posted June 4, 2023 Very strange that they have sold something doesn’t sound right to me . Quote
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