Re: Latics in administration - Lenagan leading bid : Sat Sep 12, 2020 1:02 pm  

It would be interesting to find out the cost of demolishing the DW and building a stadium that is fit for purpose on the same site compared to the cost of whatever work the current stadium requires.

It would no doubt cost more in the short term but in the long term it could be viable.

Re: Latics in administration - Lenagan leading bid : Sat Sep 12, 2020 1:44 pm  

Trainman wrote:

It would be interesting to find out the cost of demolishing the DW and building a stadium that is fit for purpose on the same site compared to the cost of whatever work the current stadium requires.

It would no doubt cost more in the short term but in the long term it could be viable.

Take out the seats in the South & North Stands, replace it with terracing.
Replace some of the seats in the East & West that have seen better days.
Give it a lick of paint.
Rename it.

Jobs a good un!

Re: Latics in administration - Lenagan leading bid : Sat Sep 12, 2020 4:24 pm  

Darwen Warrior wrote:

On our side of things, on average say 14k fans in a 25k stadium and with the football side of thinks, a paltry 4-6k rattling around in it. Not an enviable task, even for someone as astute as IL.

I think you'll find the Latics will get about double that estimation when crowds are allowed back. Having a 25,000 stadium also means 10,000 can fit in whilst maintaining some form of social distancing. Allowing 100% of your fan base into the stadium means you maximise your income.

Any new owner of the stadium needs to make it available for other money-generating events. Challenge Cup Semi finals and some of these behind closed doors events would be a start, followed by a couple of concerts next summer.

With Latics in the premier league, the need to generate an extra million a year from the stadium wasnt an issue. It is now.

Re: Latics in administration - Lenagan leading bid : Tue Sep 15, 2020 8:57 am  

Not sure where all this 'the DW is a white elephant....not economically viable etc' comes from. There is absolutely no need to pull it down / start again / move to a new stadium. This talk is nonsense.

Everyone seems fixated on the annual £1.4m loss the stadium made last year, and cites this as the reason the stadium can't make money. This overlooks a couple of huge issues;
- Half a million quid is depreciation on the fixed asset of the stadium - valued at 22m. This is ethereal, and is an accounting loss, rather than a true loss, especially if the stadium were purchased for only 3 million
- That leaves just under a million in losses, during a time where the stadium has received no sponsorship revenue or money for naming rights due to DW's narcissistic fudge
- Stadium name rights regularly bring in between 0.5-1m quid per year, which almost wipes out any losses
- Then remember how poorly the stadium has been run, by an overseas consortium who were not interested in it.

Run it properly from the UK, use it for RL challenge cup semi finals / England games again / concerts / sell merchandise within the stadium etc, and run the bar, food sales and stewarding properly - ie/ only open 3 stands for the rugby, only open 1/2 for the football depending upon gate etc. Suddenly the 1.4m loss very easily becomes profitable!

IL could, and would, make that happen IMO and the ground becomes key to our future sustainability.

The biggest issue is the administrators insistence to sell the ground as a package with Latics. From our perspective, the best thing that can happen is that this continues to rumble on, and they realise that there are no buyers interest in parting with the best part of 9m quid (4m for the stadium and 5m to guarantee continuing losses as mandated by the EFL) for a club who is expected to be in the bottom division of English football within a year.

The most sensible option is to sell the ground to Leneghan, Latics sell to the supporters club with their 700k investment, and they go cap in hand to Whelan to ask that he props them up and assures their future by providing a gift of around 4m to keep them in business. Whelan appoints a community board and immediately drops out, and away they go! If DW is as bothered about WA as he says he is, then such an amount really is very little considering the tens of millions he has already thrown at them.

Re: Latics in administration - Lenagan leading bid : Tue Sep 15, 2020 10:13 am  

I'll give it 2 weeks before these Latics men start tearing into each other over this money they've raised.

Re: Latics in administration - Lenagan leading bid : Wed Sep 16, 2020 7:50 pm  

Admins giving an interview in The Guardian basically admitting the club could be wound up. It’s a far cry from where they were 6weeks ago when they were almost certainly getting a buyer. I’ve mentioned before the vitriol from their fans was getting unbearable but when you see the clear and sheer incompetence and lies from the admins it’s bloody understandable. I’m annoyed for them and I’m nowhere near a Latics fan!

Fingers crossed it gets sorted but it’s looking bleak and almost inevitable right now.

Re: Latics in administration - Lenagan leading bid : Wed Sep 16, 2020 8:05 pm  

I wandered onto Cockney Latic to read the latest and saw they were hoping it affects us badly, enjoying that Barnsley are in trouble, and of course they loved it when Bolton hit difficulties. I feel bad for any staff affected and creditors who don't get paid but not bothered at all about the fans. They would love it if that happened to us.

Re: Latics in administration - Lenagan leading bid : Wed Sep 16, 2020 8:13 pm  

Grimmy wrote:

I wandered onto Cockney Latic to read the latest and saw they were hoping it affects us badly, enjoying that Barnsley are in trouble, and of course they loved it when Bolton hit difficulties. I feel bad for any staff affected and creditors who don't get paid but not bothered at all about the fans. They would love it if that happened to us.

Lenegan offered to buy the ground but was turned down if the club was wound down the offer to buy the ground would still be on the table .maybe at a lower price .

Re: Latics in administration - Lenagan leading bid : Wed Sep 16, 2020 8:17 pm  

100% Warrior wrote:

Admins giving an interview in The Guardian basically admitting the club could be wound up. It’s a far cry from where they were 6weeks ago when they were almost certainly getting a buyer. I’ve mentioned before the vitriol from their fans was getting unbearable but when you see the clear and sheer incompetence and lies from the admins it’s bloody understandable. I’m annoyed for them and I’m nowhere near a Latics fan!

Fingers crossed it gets sorted but it’s looking bleak and almost inevitable right now.

The administrators can't conjure up plausible bids from nowhere. Just because they were once confident but now aren't isn't an indication of anything other than that nobody is interested.
These protesting fans still haven't taken the time to work out what administrators do or who they report to.

Re: Latics in administration - Lenagan leading bid : Wed Sep 16, 2020 8:43 pm  

afootingmiracle21-12 wrote:

The most sensible option is to sell the ground to Leneghan, Latics sell to the supporters club with their 700k investment, and they go cap in hand to Whelan to ask that he props them up and assures their future by providing a gift of around 4m to keep them in business. Whelan appoints a community board and immediately drops out, and away they go! If DW is as bothered about WA as he says he is, then such an amount really is very little considering the tens of millions he has already thrown at them.

Whelan has been very quiet since his initial comments. Maybe he could put in a bid to buy his statue, because no new owner will want that outside THEIR stadium.