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They do and are also the land owners I think they have an 8% stakeddtftf wrote:I always thought that Wigan Council had a stake in the stadium ??
IEC are listed on the Hong Kong Stock Exchange and have an obligation to shareholders. That’s not to say individuals behind IEC can’t invest personally. But the already published purchasing document shows they have extensive plans to increase the commercial viability of Latics and it’s facilities.Wandering Warrior wrote:As a plaything!ancientnloyal wrote:Why would anyone buy wigan Athletic? On a serious note, why?
When are they going to run these events? The stadium is in just about constant use all year round already with Wigan RL in the summer and Latics in the winter (basically).jaws1 wrote:Looking through the 126 page document this
Wigan Warriors Rugby Football League Club is a valuable tenant. They pay a stadium hire fee of 10% of their match ticket revenues to the Stadium. There is a risk that should Wigan Warriors Rugby Football League Club struggle commercially, then this will have an impact on the commercial performance of the Target Group. Another significant risk would be the loss of this tenant on a permanent basis. The Target Group will enhance its hospitality business such as catering and holding events in the Stadium to generate additional income to diversify the risk of losing such tenant
Maybe that's what the month away from the DW is for. They pretend to be laying another new pitch, but really having a month of concerts. Might even get the Spice Girls down.DaveO wrote:jaws1 wrote:Looking through the 126 page document this
Wigan Warriors Rugby Football League Club is a valuable tenant. They pay a stadium hire fee of 10% of their match ticket revenues to the Stadium. There is a risk that should Wigan Warriors Rugby Football League Club struggle commercially, then this will have an impact on the commercial performance of the Target Group. Another significant risk would be the loss of this tenant on a permanent basis. The Target Group will enhance its hospitality business such as catering and holding events in the Stadium to generate additional income to diversify the risk of losing such tenant
When are they going to run these events? The stadium is in just about constant use all year round already with Wigan RL in the summer and Latics in the winter (basically).
You can't just erect a stage for a band to play a concert overnight for example. They take days to erect and in any case usually there will be several gigs over a few days to make it a worthwhile commercial operation.
ancientnloyal wrote:The logical choice would be Bolton Wanderers. Bigger stadium, better stadium, bigger club, more support, better infrastructure and has won awards for hosting events on a weekly basis. I still cannot see logic in wanting to own Latics as a comparison.
Reminds me of a warning post I saw on FB the other day:First Try Tickle wrote: Might even get the Spice Girls down.
boltonmoto748 wrote:ancientnloyal wrote:The logical choice would be Bolton Wanderers. Bigger stadium, better stadium, bigger club, more support, better infrastructure and has won awards for hosting events on a weekly basis. I still cannot see logic in wanting to own Latics as a comparison.
Who owns the Macron, then?
Bolton Wanderers? Not the council?pedro wrote:boltonmoto748 wrote:ancientnloyal wrote:The logical choice would be Bolton Wanderers. Bigger stadium, better stadium, bigger club, more support, better infrastructure and has won awards for hosting events on a weekly basis. I still cannot see logic in wanting to own Latics as a comparison.
Who owns the Macron, then?