If we ended up in a Bolton or Bury style situation on the brink of exstinction they would have a go at saving us.
There's a whole world of difference between loaning money from a locally based benefactor who genuinely cares for our town and our club and.......
A faceless owner of a faceless corporation who appointed a faceless chairman none of whom have any connection with out town or our club as a speculative punt at mega riches which will not be successful.
Will the current regime be prepared to write off scale debt to secure the clubs long term survival - I very much doubt it
Christ, if football not returning means we don’t have to endure the steaming monkey crap that comes out of Come on Wigan’s keyboard then I’m all for it. Back to the politics threads I go where he is thankfully nowhere to be seen.
Is that an evidence based statement or one made from hope
Not on anyone's back - simply pointing out the fundamental differences between the previous and current regimes and their relative aspirationsWhere people live has very little to do with there motives. If anyone on here thinks Whelan was gagging to take over latics for years before he did they are wrong.
He was trying to buy Man Utd long before he bought us.
His first football love is Blackburn
He had no interst in latics he was a massive Wigan Rugby fan, JJB on those shirts for years not even a JJB advert board at springfield park.
He was very much inspired by Jack Walker and what he did for Blackburn
It was very much an ego driven project for him
Not saying he did nothing but amazing things for latics but it wasnt initally from a deep love of the club.
As for the new lot, get off their backs they are pouring money into the club and without them it would be awful.
The money they are borrowing is to keep the club afloat and to make progress. They could sell the land and ground and get out, but they have chosen to commit to the club with a massive financial commitment.
Anyone that ownwed the club would have to finance it the same way, we are jsut seeing how its done because we are owned by a PLC and therefore they have to disclose the business practices
It's an opinion based on the fact David Sharpe is Wigan Athletic through and through - by his own admission he grew up dreaming of being chairman, he loved every moment of it and misses it. Dave Whelan's legacy is Wigan Athletic and he spent 25 odd years building that - he still goes most matches now even after selling up. After all they've been through they are as big fans as any of us - if not bigger - they knew they couldn't take us any futher financially so got out. But if we facing extinction it's very logical that they'd reasonably do what they can to save us under such circumstances even if the return would see us run more like a Crewe or Rochdale rather than paying Nick Powell 15k in L1.
Not on anyone's back - simply pointing out the fundamental differences between the previous and current regimes and their relative aspirations
Then what you are seeing is a mirageI cant see what you call a fundemental diference. I see the same business model. Just different owners
Simple facts Whelan lived his dream to do a Jack Walker Winning The F A Cup. Was the icing on the cake. Couldn’t Win any thing else so bailed out ...... enjoyed the journey. Only downside is we have a ground way to big for us. The ground. Doesn’t bring any revenue in only from football. And a fixed rent from the Rugby and that’s a joke.
How is it so different to Whelan asking BARCLAYS BANK to lend latics a load of money?Then what you are seeing is a mirage
Because that's a straight forward commercial loan from and to UK based entities with norma normal business interest rates.How is it so different to Whelan asking BARCLAYS BANK to lend latics a load of money?
Because that's a straight forward commercial loan from and to UK based entities with norma normal business interest rates.
Not a re- structured mezzanine debt within a non transparent financial structure with a highly leveraged interest applied.
Other than that no difference at all !
If you understood anything about corporate finance you wouldn't pose the question !
If you know nowt about it why are you posting at all ?I hav no reason to know anything about corporate finance like im guessing you know little about the immune system of a chimpanzee
If you know nowt about it why are you posting at all ?
As for the chimps - correct - but you know what - it's no loss
If all debt was offered, constructed, managed and bore interest equally you would have a valid point.not commenting on Corporate finace theory, just Latics have always been in debt, so there is nothing new with having debt again