Originally Posted by
Rogues Gallery
Wigan council own 15% of the stadium. Wigan RL have a 50 year agreement to use the stadium at a rate of 10% of their gate receipts. One of the problems Latics have had is that there has been no income at the stadium from anywhere, particularly from the rugby as they have not played there either.
There is also a covenant on the ground to say it can only be used for football and rugby. However the new owners, whoever that may be could sell the training ground(s) and the soccerdome which are part of the stadium ownership.
I have a feeling that any investors will wait and see if Latics get relegated, when the asking price will be significantly lower. It has Dave Whelan buy low sell high written all over it.