Vital Football

Latest Wigan Atletic News

Wigan Athletic Making Money!

Wigan Athletic Making Money!



Wigan Athletic have demonstrated once again that they are in very safe hands, from the top to the bottom

Sometimes coming in for a bit of stick for not throwing the cash about in the transfer market, ala Portsmouth, QPR, Leeds United et al, the Latics have always attempted to be prudent in aiming to keep their Premier League dream alive, where others have failed we strive

Fantastic housekeeping and sensible squad building have helped establish the club on sound financial footings, the release of the recent accounts showing that despite being the cheapest match day tickets not only in the top flight but amongst the cheapest in the entire country, the Latics have shown a net profit.

Financial results for the year ended 31 May 2012 show a net profit of £4.3m compared with a £7.2m net loss in 2011. This is the first time in six years that the Club has reported a net profit.

The figures cover the season 2011-12 when Latics achieved 15th position in the Premier League.

From club statement: EBITDA (earnings before interest, tax, depreciation and amortisation of players) was £8.9m compared with £4.9m in the previous year.

Turnover increased to £52.6m compared to £50.5m in 2011.

Salary costs were the most significant expenditure but these reduced to £37.7m compared to the previous year cost of £39.9. Total administrative expenses including amortisation of player contracts reduced to £55.0m from £58.4m in the previous year.

During the year the Club invested £10.4m on new players whilst profit from the sale of players increased to £7.9m from £2.3m in the previous year primarily due to the sale of Charles N'Zogbia to Aston Villa.

Dave Whelan Net debt at the year-end including bank borrowings and loans from Chairman David Whelan and his family reduced significantly to £20.5m compared with £72.2m in the previous year. During the year £48m of debt was converted to equity which significantly reduced the Club's long term liabilities. At the same time the ordinary and preferred ordinary shares of the Club were transferred to a new parent company, Wigan Athletic Holdings Limited which also holds a controlling interest in the company operating the DW Stadium.

Wigan Athletic Chief Executive Jonathan Jackson commented - 'The results are once again encouraging and we are very pleased to report a net profit position in a very competitive environment. By increasing turnover and controlling costs the Club is continuing to progress to a break even operating position which all football clubs are aspiring to but many are finding it difficult to achieve.

'We continue to maintain our position in the Barclays Premier League by significant investment in the playing squad to strengthen our position on the field in our eighth year in the top division. In addition, major improvement of our academy and training facilities will commence this year to expand our strategic aim of consolidating and enhancing our infrastructure with increased focus on youth development.

'This would not be possible without the continued financial support of Chairman, David Whelan who remains an enthusiastic and committed owner who has taken his home-town club from the lower reaches of the Football League to being an established Premier League club. The conversion of £48m of debt to equity has significantly strengthened the Club's financial position and has, to a very significant extent, written off the debt owed to Mr Whelan.'


The latest edition of the PWU Wigan Athletic podcast is now available for download. In this the last recording of the year the panel is decimated by man flu, luckily Barry, Dan and Paul are on hand to carry the flag.

The podcast is longer than usual but with a lot of content to get through that isn't surprising. We look ahead to the local derby on New Year's Day against Manchester United (33:22), we all know this game is their cup final. A nostalgic look back at 2012 (40:48) brings this week's podcast to a conclusion

If you would like to get involved in the podcast or have any topics that you'd like to be discussed please get in touch at wigan@vitalfootball.co.uk marking your email PWU Podcast

The podcast can be downloaded from itunes or via our hosting site www.buzzsprout.com or by simply hitting the play button on the embedded player below

All the PWU Podcast team would like to wish you all a Happy New Year and thank you so very much for your support on this project








Bookmark and Share



Join The Vital Debate









Latics and Proud



Fancy writing an article about the Latics? Why not get in touch, we are always looking for new contributors, after all we are all Latics fans here and want to get the Latics message to the world, so if you have a favourite match or Latics memory get it jotted down, or whatever you want to say put it into an email and send it to us here at Vital Wigan

To get your article published just click here and we will put it onto the site





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

Writer:Barry Worthington
Date:Monday December 31 2012
Time: 3:22PM

Best of Vital Network

Vital Boxing - Joshua v Klitschko?

Comments

0
Nice one
worbo
31/12/2012 15:26:00
0
Its a shame more fans don't turn up to Wigan games to be honest. The platform is there for you to stamp your authority as a solid premier league club who play good football rather than scrapping in a relegation fight every season and that cause would be helped if you turned over maximum revenue from ticket sales. Martinez has done a wonderful job at putting the foundations in place whilst avoiding relegation. The next step.is there for the taking.
TheFamousNo7
31/12/2012 16:05:00
0
Totally agree, but what we can do to get those seats filled is beyond me now TBH, maybe its the kids we need to get before the other clubs do, but its hard when your family are City, Utd, Everton, Liverpool etc, they tend to follow their dad
worbo
31/12/2012 16:57:00
0
Tis a shame to be honest as watching Wigan play at the moment alone is more than value for money considering how much you charge in comparison to most other clubs all over the country let alone just in the premier league. No offence no result is guaranteed with Wigan, that largely depends on what Wigan turns up on the day, but you are guarenteed to watch some nice football. In my eyes it shouldn't matter where your loyalties lie if someone offered me a day out for next to nothing I'd take it.
TheFamousNo7
01/01/2013 19:45:00
Page 1/1
  1. 1

Login to post a comment

Recent Wigan Athletic Articles

Stats: Wigan Athletic v Wolverhampton Wanderers

All the stats from Wigan Athletic (2) vs (1) Wolverhampton Wanderers, DW Stadium, 27/09/16 7:45pm Att: 10,723

The Team Sheets - Wigan Athletic v Wolverhampton Wanderers

Team news from the DW Stadium:

Latics v Wolves - Big Game Preview

There is a little bit of pressure starting to mount down at the Latics, no win in seven games and sitting bottom of the pile, the sooner we can get a three points haul in the bag the better.

Gary Caldwell felt that his team were unlucky not to win the game at Preston on Friday never mind lose it, a wickedly deflected effort early on followed by some resolute defending kept the Latics at bay, but a failure to take two excellent chances was the downfall as we lost by the odd goal for the 7t

Early Team News - Latics v Wolves

Shaun MacDonald, who left the field early against Preston with a dead leg, should be fit to play tonight and Nick Powell is said to be ready, following his groin strain, to return

Archived Vital Latics Articles

Vital Latics articles from

Site Journalists

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

Current Poll (see more polls)

Will We?
Suggested By: Noddy Holder
Latics To Win36%
Wolves To Win50%
Draw14%
ScoopDragon Publishing Entire League Network of Sites

League Table

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

Recent Wigan Athletic Results (view all)

Wigan Athletic Fixtures (view all)

Sep 27 2016 7:45PM : Wolverhampton Wanderers (H)
Sky Bet Championship
Oct 1 2016 3:00PM : Brentford (a)
Sky Bet Championship
Oct 15 2016 3:00PM : Burton Albion (H)
Sky Bet Championship
Oct 18 2016 7:45PM : Leeds United (a)
Sky Bet Championship
Oct 22 2016 3:00PM : Brighton & Hove Albion (H)
Sky Bet Championship
Oct 29 2016 3:00PM : Cardiff City (a)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.Get a Grip!247
2.Moonay192
3.Barry W144
4.scotdave81
5.Whittleblue79
6.hindleymonwafc62
7.Ihaventaclue58
8.TRUE BELIEVER58
9.nottinghamlatic56
10.king_dezeeuw0647