Spot on
Whelan never gave the ground to the football club, he gave the ground to the same company that owned the football club.
The last owners of Latics did the same thing

Wigan RLFC will now need to negotiate the terms of their tenancy with the new owners of the stadium.
I would put my £10 on the newnownrs doing the same thing, there will be a company that will own the stadium and the club, but the 2 will be kept separate.

As Egg chasing has also started the interesting/complicated piece is the Lease.

Why do you think it has taken so long to sell Wigan Athletic. It has been due, according to the administrators, potential buyers only wanting to buy Wigan Athletic without buying the Stadium or bidders wanting to just buy the Stadium as a purchase on its own which I suspect was the interest by the Lenagan Consortium bid.

The Spanish buyers are the only bidder who has met the requirements of the Administrators who were only prepared to sell Wigan Athletic and its ownership of the Stadium together as it was at the time the Wigan Athletic went into administration.

In other words, Wigan Athletic are still the owners/landlords of the Stadium as they have been since Whelan transferred it financial affairs from Whelco Holdings to Wigan Athletic in order to sell the club.

Wrong

If yourself and your pal Egg Chasing think I am wrong, may I suggest you contact the Sports Editor of the Wigan Today Newspaper for clarification on what companies or individuals have own the Stadium since it was built and who has owned it since Whelan sold Wigan Athletic to the Chinese and what exactly has been sold in the sale of Wigan Athletic to the Spanish.

I don't need to - I know for a fact that Egg Chasing is correct (He is closer to this than you can imagine).
However - Even if he wasn't I still know what FACTS are

The same company (IEC) owned the Company that runs the Stadium , and they owned the company that ran the Football, ergo, 2 x different companies - Wigan Athletic DID NOT OWN THE STADIUM

Simples

it was the same when Whelan owned it - He owned both companies, but they were different companies

If the Spanish want to put the Football club & the stadium under 1 banner & call it the same company that is their prerogative (I don't think they will but that's a different story).

Don't Wigan Council have a stake in DW stadium as well as owning the land if i can remember when all the controversy of when we had to move our matches to accommodate the Latics it came out as the Council had a stake of the DW.

I know they did - but that will be being covered off under the sale/administration process
i.e. If they had a 15% stake then either :-
As part of the administration process they may recover in £££'s what they are now due (probably not much!)
Or
They retain a 15% ownership and the new buyers accommodate this under the sale/administration process and the buyers price reflects this.

Either way that was not RD's statement/Claim

The Football club did not Own the stadium - They were owned by the same Company that owns the stadium
May seem a pedantic point, but legally it's a massive difference

It's actually 14% (£4.9 million) of the the building cost of £35 million of the Stadium with the bulk of the having come from grants with only about 20% coming from Whelan's personal fortune which was confirmed to me by a Wigan Business man.

So, where has the idea come from that Whelan built the Stadium ?

#


Please explain who and what are the company IEC, as in the twenty years or so since the Stadium was built,I have never heard of this company and neither do I suspect have the majority of Warriors supporters and indeed the general public in Wigan.

Are You





On Glue?

What are you on about ????
Replying with statements/answers to Questions that weren't even being asked!!!!!!!

When did I say he built the stadium?
When did I say how much he put in or where or how he got the grants etc.????
That's not what you originally said

You said that Wigan Athletic owned the stadium
They didn't

Wigan Athletic were a company that were owned by IEC
IEC also owned the company that owned the ground

Don't get things wrong and complete change the subject

You won't have heard of them 20 years ago

IEC are the company that bought the Stadium & Wigan Athletic from Whelan 2 years ago

They ran them both as separate businesses
They then sold them to errrrrrrr Themselves (Tongue in cheek but that's a different story)

As it stood both businesses were separate
What the new buyers of BOTH Companies do i.e. keep them separate or merge them together is up to them

Probably be better not answering any more Jukesays - he clearly doesn't understand the concept of one individual owning more than one business.

I guess he doesn't watch "the apprentice" or "dragons den".