Re: 1996 Season! : Wed Nov 18, 2020 10:20 pm  

Ruddy Duck wrote:

The stadium at St Helens may not be profitable as unlike other new stadiums at Huddersfield, Hull, Salford etc, it does not have another Rugby or Football club playing there.

Just go and have look and let me know how much those stadiums are making
Never mind in the current climate

Re: 1996 Season! : Thu Nov 19, 2020 8:18 am  

Jukesays wrote:

No they havent
They have NOT bought the club

They have not bought the club yet as you say, but it is only because the EFL will not sanction the sale because of a issue they have with what and who Spanish people are involved in the purchase.

The statement by former manager Roberto Martinez made around the same time as the EFL announcement that he was not involved in the purchase may have some to do with the timing of the investigation.

As for the DW Stadium having always been run by a Stadium management company, this is not quite correct as in 2014, Whelco Holdings which had ran the stadium as a separate entity from the time it was built was going into liquidation, so Whelan transferred the stadium part of the Whelco Holdings company to Wigan Athletic, who then managed the stadium until the club went into administration.

The administrator was then only prepare to sell both Wigan Athletic and the DW Stadium together as a job lot in the same way as when Whelan sold both the club and stadium to the Hong Kong people.

Re: 1996 Season! : Thu Nov 19, 2020 8:34 am  

Ruddy Duck wrote: They have not bought the club yet as you say, but it is only because the EFL will not sanction the sale because of a issue they have with what and who Spanish people are involved in the purchase. The statement by former manager Roberto Martinez made around the same time as the EFL announcement that he was not involved in the purchase may have some to do with the timing of the investigation. As for the DW Stadium having always been run by a Stadium management company, this is not quite correct as in 2014, Whelco Holdings which had ran the stadium as a separate entity from the time it was built was going into liquidation, so Whelan transferred the stadium part of the Whelco Holdings company to Wigan Athletic, who then managed the stadium until the club went into administration. The administrator was then only prepare to sell both Wigan Athletic and the DW Stadium together as a job lot in the same way as when Whelan sold both the club and stadium to the Hong Kong people. How many times can one person post the same incorrect bullshit when the facts have been lined up for them? I probably shouldn't waste my time, but congratulations I've bit. You seem to enjoy companies house so here you are: Stadium company: https://find-and-update.company-informa ... y/07283993 (Note the name change to IEC Wigan Athletic Holdings as proof the Chinese didn't combine the two) Football club: https://find-and-update.company-informa ... y/00270043 When the admins took over you will have seen they produced a list of the debts owed by the FOOTBALL CLUB and there was a substantial fee to the STADIUM COMPANY. Now that was probably written off or moved around in circles between bank accounts, but for all legal purposes Wigan Athletic Football Club pay rent to another company to play at the stadium. As has been stressed multiple times, just because the same people own company A and company B does not mean that they are one and the same on the same way Wigan Rugby don't own any of IFL' s other businesses. Now very kindly do-one.com

Ruddy Duck wrote: They have not bought the club yet as you say, but it is only because the EFL will not sanction the sale because of a issue they have with what and who Spanish people are involved in the purchase. The statement by former manager Roberto Martinez made around the same time as the EFL announcement that he was not involved in the purchase may have some to do with the timing of the investigation. As for the DW Stadium having always been run by a Stadium management company, this is not quite correct as in 2014, Whelco Holdings which had ran the stadium as a separate entity from the time it was built was going into liquidation, so Whelan transferred the stadium part of the Whelco Holdings company to Wigan Athletic, who then managed the stadium until the club went into administration. The administrator was then only prepare to sell both Wigan Athletic and the DW Stadium together as a job lot in the same way as when Whelan sold both the club and stadium to the Hong Kong people. How many times can one person post the same incorrect bullshit when the facts have been lined up for them? I probably shouldn't waste my time, but congratulations I've bit. You seem to enjoy companies house so here you are: Stadium company: https://find-and-update.company-informa ... y/07283993 (Note the name change to IEC Wigan Athletic Holdings as proof the Chinese didn't combine the two) Football club: https://find-and-update.company-informa ... y/00270043 When the admins took over you will have seen they produced a list of the debts owed by the FOOTBALL CLUB and there was a substantial fee to the STADIUM COMPANY. Now that was probably written off or moved around in circles between bank accounts, but for all legal purposes Wigan Athletic Football Club pay rent to another company to play at the stadium. As has been stressed multiple times, just because the same people own company A and company B does not mean that they are one and the same on the same way Wigan Rugby don't own any of IFL' s other businesses. Now very kindly do-one.com

Re: 1996 Season! : Thu Nov 19, 2020 9:02 am  

Egg Chasing wrote: How many times can one person post the same incorrect bullshit when the facts have been lined up for them? I probably shouldn't waste my time, but congratulations I've bit. You seem to enjoy companies house so here you are: Stadium company: https://find-and-update.company-informa ... y/07283993 (Note the name change to IEC Wigan Athletic Holdings as proof the Chinese didn't combine the two) Football club: https://find-and-update.company-informa ... y/00270043 When the admins took over you will have seen they produced a list of the debts owed by the FOOTBALL CLUB and there was a substantial fee to the STADIUM COMPANY. Now that was probably written off or moved around in circles between bank accounts, but for all legal purposes Wigan Athletic Football Club pay rent to another company to play at the stadi As has been stressed multiple times, just because the same people own company A and company B does not mean that they are one and the same on the same way Wigan Rugby don't own any of IFL' s other businesses. Now very kindly do-one.com No need to be nasty just because anyone disagrees with your opinions!

Egg Chasing wrote: How many times can one person post the same incorrect bullshit when the facts have been lined up for them? I probably shouldn't waste my time, but congratulations I've bit. You seem to enjoy companies house so here you are: Stadium company: https://find-and-update.company-informa ... y/07283993 (Note the name change to IEC Wigan Athletic Holdings as proof the Chinese didn't combine the two) Football club: https://find-and-update.company-informa ... y/00270043 When the admins took over you will have seen they produced a list of the debts owed by the FOOTBALL CLUB and there was a substantial fee to the STADIUM COMPANY. Now that was probably written off or moved around in circles between bank accounts, but for all legal purposes Wigan Athletic Football Club pay rent to another company to play at the stadi As has been stressed multiple times, just because the same people own company A and company B does not mean that they are one and the same on the same way Wigan Rugby don't own any of IFL' s other businesses. Now very kindly do-one.com No need to be nasty just because anyone disagrees with your opinions!

Re: 1996 Season! : Thu Nov 19, 2020 9:44 am  

Ruddy Duck wrote:

No need to be nasty just because anyone disagrees with your opinions!

It's not that they just disagree it's because you are factually incorrect.
You need to start receiving instead of transmitting!!

Re: 1996 Season! : Thu Nov 19, 2020 9:45 am  

Ruddy Duck wrote:

No need to be nasty just because anyone disagrees with your opinions!

Facts aren’t opinions. They’re facts. You can’t ‘opinionise’ the truth, despite what some prominent leaders may try to do.

Re: 1996 Season! : Thu Nov 19, 2020 12:35 pm  

Jukesays wrote:

Just go and have look and let me know how much those stadiums are making
Never mind in the current climate

With regards Hull, the KC Stadium has never made any money.

The stadium was built by the Council for £43m and a SMC set up, with Hull FC and Hull City being the two tenants. (Hull KR were invited to move in too when it was built, but wanted to stay in East Hull).

Hull and Hull City pay rent to the SMC who are responsible for maintaining the stadium.

The SMC is now owned by the Allams, Hull City’s owners. As far as I’m aware the SMC has only once made a negligible profit which the Council were entitled to share.

The view in Hull is that the SMC is deliberately run at a loss to offset against Allams other businesses. They had originally wanted to buy the stadium off the Council (for free!!) and develop the land around the ground. Coupled with not being able to change Hull City’s name to Hull Tigers, they have drained Hull City of all its assets and Premier league money and not invested further in the stadium and they put Hull City up for sale. They also treat Hull FC with disdain and started charging them £500 a year to hang a picture of Johnny Whiteley in the corridors of the stadium.

So in summary, the KCOM stadium does not make any money.

Re: 1996 Season! : Thu Nov 19, 2020 12:48 pm  

Rugby Raider wrote:

With regards Hull, the KC Stadium has never made any money.

The stadium was built by the Council for £43m and a SMC set up, with Hull FC and Hull City being the two tenants. (Hull KR were invited to move in too when it was built, but wanted to stay in East Hull).

Hull and Hull City pay rent to the SMC who are responsible for maintaining the stadium.

The SMC is now owned by the Allams, Hull City’s owners. As far as I’m aware the SMC has only once made a negligible profit which the Council were entitled to share.

The view in Hull is that the SMC is deliberately run at a loss to offset against Allams other businesses. They had originally wanted to buy the stadium off the Council (for free!!) and develop the land around the ground. Coupled with not being able to change Hull City’s name to Hull Tigers, they have drained Hull City of all its assets and Premier league money and not invested further in the stadium and they put Hull City up for sale. They also treat Hull FC with disdain and started charging them £500 a year to hang a picture of Johnny Whiteley in the corridors of the stadium.

So in summary, the KCOM stadium does not make any money.

Rubbish. Ruddy Duck says they're rolling in it.