Re: Lam to stay on in 2020 : Sat Jul 13, 2019 2:58 pm  

DannyT wrote:

Thanks. If we own the freehold and the land etc. Then fair enough I’ve no issues with having an asset on the books but I’ve only found that we’ll take over the lease which will save the council about £215k a year. If we don’t own it, to what purpose can IL sell us on if we don’t have anything to actually sell on as an arm of the council seem to be taking over the running of Central Park?

I was under the impression it was rented. So that would mean we would have:

DW - Rent
Robin Park Arena - Rent
Town Centre Shop - Rent

Whereas last year we had:

Orrell - owned
Hilton Street properties - owned
Central Park School - Rent, moved.

As far as I can see.... no assets, other than the playing squad (contractors).

Happy to be proven wrong about Robin Park (hope I am).

Re: Lam to stay on in 2020 : Sat Jul 13, 2019 5:04 pm  

your right pal, was saying to my dad last night as the game how much saints have got it right, great stadium, great service were pinging notes into the till left right and centre all going into their pockets, their academy play there also. We are missing a trick so so much with the renting of a stadium and is costing the club a fortune in lost revenue.

Re: Lam to stay on in 2020 : Sun Jul 14, 2019 10:02 am  

MattyB wrote:

I was under the impression it was rented. So that would mean we would have:

DW - Rent
Robin Park Arena - Rent
Town Centre Shop - Rent

Whereas last year we had:

Orrell - owned
Hilton Street properties - owned
Central Park School - Rent, moved.

As far as I can see.... no assets, other than the playing squad (contractors).

Happy to be proven wrong about Robin Park (hope I am).

Don't we still have Orrell? I didn't think it had been sold yet. Either way, it's great to have assets but what use is the land to the club if it's no longer fit for the purpose it was designed for? If the club wants to invest in other areas surely it's better to sell it rather than keep hold for the sake of having an asset.

Renting the DW saves us money in terms of maintenance. The big issue is not making money from hospitality and events. If the club can make up for that loss (which presumably is what they are hoping for with Robin Park) then it's removing that negative.

I'm not sure how our deal for Robin Park is going to work but if it means the club is going to take over the running of Robin Park and therefore make money from events held there then that should hopefully give us another source of income and make up for what we lose by renting the ground.

Re: Lam to stay on in 2020 : Sun Jul 14, 2019 11:49 am  

Pieman wrote:

your right pal, was saying to my dad last night as the game how much saints have got it right, great stadium, great service were pinging notes into the till left right and centre all going into their pockets, their academy play there also. We are missing a trick so so much with the renting of a stadium and is costing the club a fortune in lost revenue.

It always makes me laugh when you get the “you don’t need to own a stadium” brigade banging out nonsense,if nothing else a stadium is a huge asset,one that as you say contributes to the coffers of a club,as you say you could have the ladies playing,the kids all there playing under the one roof.

As it stands all Wigan own is gym equipment and a few tackle bags

Re: Lam to stay on in 2020 : Sun Jul 14, 2019 12:09 pm  

Pieman wrote:

your right pal, was saying to my dad last night as the game how much saints have got it right, great stadium, great service were pinging notes into the till left right and centre all going into their pockets, their academy play there also. We are missing a trick so so much with the renting of a stadium and is costing the club a fortune in lost revenue.

I think the rent is a small amount as we don't see a penny from the food or alcohol stalls

Re: Lam to stay on in 2020 : Sun Jul 14, 2019 12:12 pm  

hengirl wrote:

It always makes me laugh when you get the “you don’t need to own a stadium” brigade banging out nonsense,if nothing else a stadium is a huge asset,one that as you say contributes to the coffers of a club,as you say you could have the ladies playing,the kids all there playing under the one roof.

As it stands all Wigan own is gym equipment and a few tackle bags

Chance's are they are on HP.

Re: Lam to stay on in 2020 : Sun Jul 14, 2019 12:33 pm  

hengirl wrote: It always makes me laugh when you get the “you don’t need to own a stadium” brigade banging out nonsense,if nothing else a stadium is a huge asset,one that as you say contributes to the coffers of a club,as you say you could have the ladies playing,the kids all there playing under the one roof. As it stands all Wigan own is gym equipment and a few tackle bags Since Saints moved into their new stadium they have lost £7,996 million. In the same period Wigan lost £1,613 million. https://beta.companieshouse.gov.uk/comp ... ng-history https://beta.companieshouse.gov.uk/comp ... ng-history

hengirl wrote: It always makes me laugh when you get the “you don’t need to own a stadium” brigade banging out nonsense,if nothing else a stadium is a huge asset,one that as you say contributes to the coffers of a club,as you say you could have the ladies playing,the kids all there playing under the one roof. As it stands all Wigan own is gym equipment and a few tackle bags Since Saints moved into their new stadium they have lost £7,996 million. In the same period Wigan lost £1,613 million. https://beta.companieshouse.gov.uk/comp ... ng-history https://beta.companieshouse.gov.uk/comp ... ng-history

Re: Lam to stay on in 2020 : Sun Jul 14, 2019 12:39 pm  

Rogues Gallery wrote: Since Saints moved into their new stadium they have lost £7,996 million. In the same period Wigan lost £1,613 million. https://beta.companieshouse.gov.uk/comp ... ng-history https://beta.companieshouse.gov.uk/comp ... ng-history Difference is if they were to have financial difficulties then they have assets to rescue them.....we don't.

Rogues Gallery wrote: Since Saints moved into their new stadium they have lost £7,996 million. In the same period Wigan lost £1,613 million. https://beta.companieshouse.gov.uk/comp ... ng-history https://beta.companieshouse.gov.uk/comp ... ng-history Difference is if they were to have financial difficulties then they have assets to rescue them.....we don't.

Re: Lam to stay on in 2020 : Sun Jul 14, 2019 12:45 pm  

hatty wrote:

Difference is if they were to have financial difficulties then they have assets to rescue them.....we don't.

What do you mean 'assets to rescue them'?

Re: Lam to stay on in 2020 : Sun Jul 14, 2019 12:49 pm  

Wigg'n wrote:

What do you mean 'assets to rescue them'?

They can sell their ground, clear their debts and ground share with Widnes ?