Vital Football

Latest Wigan Atletic News

Financial woes for Football and WIgan Athletic?

Financial woes for Football and WIgan Athletic?

Football is a business run like no other. Large sums of money are spent on players with little or no thought as to whether the money can be recouped through mercendising etc.

Clubs speculate this season in the hope of buying success in the Premier League/European competitions which will service their debts.

Whilst the club is successful that is ok but when things start to go awry then problems occur.

An example is Leeds United who under a previous regieme spent big and for a period of time gained success in European competitions. However after an unsuccessful season the club struggled to service financial debts and Leeds had to sell players and fell faster than a striker in the penalty area.

The odds on favourite to struggle this season is West Ham who have lost their sponsor in XL airways and whose owner has allegedly lost a significant investment with the collapse of Iceland's second biggest bank.

Whilst it appears currently that there are no plans to sell the Hammers, a senior Icelandic financial expert was quoted yesterday as stating that they expected Icelanders with foreign investments to cash them in to stabilise the Icelandic economy.

Add to this the rumoured 30 million pay out to Sheffield United over the Tevez case and it appears that you have a club in turmoil. Already it is being reported that Zola has been told he must sell before he can buy.

So what is the state of play at Wigan?

In some ways we are lucky. We are bankrolled by a local man who made his fortune being a very shrewd business man. Mr Whelan sold his controlling interest in JJB sports so should not be significantly affected by the credit crunch.

What is of concern is that today's Independent newspaper reports that Wigan Athletic's current debts are the 7th highest in the Premier League at 54 million pounds and this raises concerns how long Mr Whelan's love of Wigan Athletic will encourage him to continue bailing us out.

Interestingly attendances at the JJB are up this season with over 2,700 more at the Boro game compared to last season. This is still significantly below a full stadium along with those other blue collar premier league clubs such as Blackburn and Bolton.

Mr Whelan is a very perceptive gentleman and his comments that he would welcome other investors, along with the rumoured links with South Korean industrial giants Hyundai gives optimism for the future.

The next few months should be interesting to say the least.

Click here to join in the debate on the club forum.

Date:Thursday October 9 2008
Time: 10:58AM


never mind naming a stand after him we should name the whole ground after him. His financial outlay to keeps us in the Premier League is amazing. Thank you Mr Whelan
09/10/2008 11:01:00
It can be a sound business practice to have a level of debt - I wouldn't worry about it.
09/10/2008 12:43:00
You right baskerville, Thankyou Whelan you keep us going
09/10/2008 13:59:00
That debt is not to financial institutions, it's personal debt, incurred over 13 years. In the last 12 months the club has started to balance the wage bill, and there's the new TV deal and sponsorship that will bring in much more than JJB.
09/10/2008 20:22:00
It will but, we've been balancing the books for a while
09/10/2008 22:21:00
True, but all these figures are from two seasons ago.
09/10/2008 23:19:00
new tv deal and sponsorship will bring more money in of course but if you compare our team of two years ago with the team now I believe the quality of players that we have mean that the wage bill will have increased significantly. It is personal debt eh?, my article referred to how long Mr Whelan will continue to incur the sort of financial outlay needed to compete at this level
10/10/2008 08:53:00
Page 1/1
  1. 1

Login to post a comment

Recent Wigan Athletic Articles

Gary Caldwell Sacked!

Wigan Athletic have announced the departure of first team boss Gary Caldwell just 6 months after lifting the League One title

Shane Duffy Sends Strange Tweet To PWU Man Adam

Brighton's former Blackburn Rovers defender Shane Duffy is once again showing his seemingly dislike for the Latics via his twitter account

Meet The Ref - Cardiff City v Latics - Oliver Langford

Taking charge of only his fifth Wigan Athletic game this weekend will be West Midlands based official Oliver Langford.

Daniel Stacey's View - Latics 0 Brighton 1

Daniel Stacey takes a South Stand view of Saturday's home defeat to Brighton

Archived Vital Latics Articles

Vital Latics articles from

Site Journalists

Barry Worthington
Editor email
Dan Farrimond (JWAW)
no email
Adam Convery
no email
Frank Ford
no email
Noel Wards Leg
no email

Current Poll (see more polls)

Man Of The Match v Brighton
Suggested By: Matt McCann
Adam Bogdan10%
Reece Burke2%
Jake Buxton2%
Dan Burn16%
Stephen Warnock2%
Shaun MacDonald14%
David Perkins2%
Max Power4%
Nathan Byrne8%
Michael Jacobs38%
Will Grigg2%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Newcastle 14 10 1 3 31 19
2 Brighton 14 8 4 2 28 9
3 Huddersfield 14 9 1 4 28 4
4 Norwich 14 8 3 3 27 7
5 Sheff Wed 14 7 3 4 24 1
6 Bristol City 14 7 2 5 23 6
7 Birmingham 14 6 5 3 23 3
8 Reading 14 6 4 4 22 -3
9 Preston 14 6 2 6 20 1
10 Leeds Utd 14 6 2 6 20 -1
11 Brentford 14 5 4 5 19 5
12 Barnsley 14 6 1 7 19 3
13 Q.P.R. 14 5 4 5 19 -3
14 Fulham 14 4 6 4 18 -2
15 Burton 14 4 5 5 17 0
16 Aston Villa 14 3 8 3 17 0
17 Ipswich 14 4 5 5 17 -2
18 Wolves 14 4 4 6 16 -1
19 Forest 14 4 3 7 15 -3
20 Cardiff 14 4 3 7 15 -9
21 Derby County 14 3 5 6 14 -4
22 Blackburn 14 3 3 8 12 -8
23 Wigan 14 2 5 7 11 -3
24 Rotherham 14 1 3 10 6 -19
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Wigan Athletic Results (view all)

Wigan Athletic Fixtures (view all)

Oct 29 2016 3:00PM : Cardiff City (a)
Sky Bet Championship
Nov 5 2016 3:00PM : Reading (H)
Sky Bet Championship
Nov 19 2016 3:00PM : Barnsley (a)
Sky Bet Championship
Nov 28 2016 7:45PM : Huddersfield Town (a)
Sky Bet Championship
Dec 3 2016 3:00PM : Derby County (H)
Sky Bet Championship
Dec 10 2016 3:00PM : Aston Villa (a)
Sky Bet Championship

Vital Members League Table

2.Get a Grip!237
5.Barry W113
6.jeffs right82
Vital Football Comment