apollosghost wrote:Probably wishful thinking on my part but hopefully there's a local highly successful billionaire businessman out there who can cover any losses until we grow the business into profitability
Whereas Saints are owned by a consortium of boy scouts
Honestly, in a week where Wigan, Leeds and Saints have all reported losses, with ours being the smallest of these losses may I add, an attempt at point scoring from Wigan fans towards Saints is truly truly bizarre.
For a group of fans who boast about being "never ignored," you talk about Saints an awful lot.
The Yellow Giraffe wrote:https://www.seriousaboutrl.com/wigan-warriors-post-increased-losses-after-takeover-amid-positive-projection-96426/amp/
Dark days ahead for Wigan.
I think the key point to be taken here are in the notes and projections, Wigan's are all positive and expecting an improvement whereas Saints ones seem to be negative and expecting things to get worse.
Let's be honest though, neither club is really on it's booty and we will both be top level clubs for a long time yet.
We've been through this before. Saints and Leeds suffered more than anyone through Covid for the simple fact that they were unable to use their stadiums for non matchday activities
We now have the deal with Liverpool which will help each year in terms of income all year round. We've already seen the state of the art pitch that they paid for. I'm pretty sure that at some point we will go back to holding concerts again to generate more income
McManus has categorically said that losses won't affect player investment and we will continue to spend full cap.
Wigan are in a very fortunate position with Danson but hardly self-sufficient. Similar to City in that regard, if he for any reason pulled out they would be as royally f****d as Saints and Leeds
I take no delight in seeing large losses for any RL club, I'm reading that the COVID loans make up a significant portion of these losses which are hopefully only temporary.
We've always suffered with a lower turnover compared to others due to loss of matchday revenue due to funds going to external organisations rather than our club.
It is comforting to read that turnover is expected to increase from £6.5m to £7.5m (although how much of that is cup winning success revenue and how much is fanzone & retail is unclear yet,).
WIGAN RLFC - SL ERA
WORLD CLUB CHAMPIONS 2017 & 2024
SUPER LEAGUE CHAMPIONS 1998, 2010, 2013, 2016, 2018, 2023 & 2024
CHALLENGE CUP FINAL WINNERS 2002, 2011, 2013, 2022 & 2024
LEAGUE LEADERS CHAMPIONS 2010, 2012, 2020, 2023 & 2024
ACADEMY GRAND FINAL WINNERS 2008, 2009, 2010, 2011, 2013, 2014, 2015, 2017, 2018, 2019 & 2024
WOMEN’S GRAND FINAL WINNERS 2018
BEST SUPPORTED CLUB OF THE YEAR 2010, 2011, 2012 & 2024
Stu M wrote:We've been through this before. Saints and Leeds suffered more than anyone through Covid for the simple fact that they were unable to use their stadiums for non matchday activities
We now have the deal with Liverpool which will help each year in terms of income all year round. We've already seen the state of the art pitch that they paid for. I'm pretty sure that at some point we will go back to holding concerts again to generate more income
McManus has categorically said that losses won't affect player investment and we will continue to spend full cap.
Wigan are in a very fortunate position with Danson but hardly self-sufficient. Similar to City in that regard, if he for any reason pulled out they would be as royally f****d as Saints and Leeds
I read that McManus said that the club would continue to fully utilise the salary cap that doesn’t mean the same as continue to invest fully in the playing squad. I am not saying he won’t though but I am interested where people think he is going to save £1m plus given that there has been no reference to increasing revenue. I know that Saints have already reduced their administrative team and, if the physiotherapists can do a better job, or the players get injured less often, they may save on surgical supplies, but I cannot see where the cuts will land to generate such savings. Further spending will be required on the ground, especially as the infrastructure ages. It all paints a difficult picture for our sport. By the way, Wigan are not exempt from any of this but plans are already in place to make cuts and increase revenue. The other advantage is that Mike Danson also has assets he can dispose of e.g. Orrell.
Users browsing this forum: Bing [Bot], Google Adsense [Bot] and 219 guests
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum