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Sports   (Talk about balls here.)

Started by: Owd Codger (3080)

fossil

A lot of what you have said is correct, but the fact remains that Whelan bought of the the majority of the shareholders to gain control of the club, many of whom had inherited the shares and in many cases did not live in the Wigan area but all over the country with no interest in the future ownership of Wigan Rugby League Football Club.

The shareholding consisted of 16,000 x £1 shares in batches of eight shares and Whelan offered £125 for every one £1 share, so If you owned a batch of eight shares, you stood to gain £1,000 for share which were only worth £8.

The result being that most shareholders including actual supporters snatched his hand off and the rest is history.

And from what I understand Robinson and the board had no intention of going to Bolton as they were only saying it to get Wigan Council to help them find a site in Wigan for a new Stadium of the own. A tactic used by other sports club to get Council help.

The Council instead backed Whelan in his idea of a joint Stadium for both clubs. A mistake they did not make with the building of the Leigh Sports Village Stadium which they own which should have been the case at Wigan.

As a result of what took place in the late nighties, Wigan now has a Stadium owned by a foreigner and not by the Council like the one in Leigh


Replied: 12th Jul 2022 at 07:46

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