DW Stadium

Next Game

Wigan v Ipswich

Monday, 22 September 2014, 19:45

Sky Bet Ch'ship

Last Game

Huddersfld 0 - 0 Wigan

Tuesday, 16 September 2014, 19:45

Sky Bet Ch'ship

Wigan unveil a net profit

Wigan have reported a net profit of £4.3m for the year ending 31 May.

Last Updated: 31/12/12 at 14:49 Post Comment

DW Stadium: Profit reported at home of Wigan Athletic

DW Stadium: Profit reported at home of Wigan Athletic

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

It is the first time in six years that the club have turned in a profit and it represents a big turnaround in their financial situation after they reported a £7.2m loss 12 months ago.

The figures cover the 2011-12 Premier League season which ended with the Latics in 15th place in the table, with turnover up from £50.5m to £52.6m.

Wigan said on their official website that, while salaries remain their biggest expense, they had trimmed them from £39.9m to £37.7m, with £10.4m spent on new players.

The sale of winger Charles N'Zogbia to Aston Villa meant they brought in £7.9m of profit on player sales.

The club's debt, including borrowings and loans from chairman Dave Whelan and his family, was cut to £20.5m from £72.2m, with £48m of it converted into equity.

Wigan manager Roberto Martinez said: "This is very exciting news because more than anything it allows us to build a very strong future for Wigan Athletic.

"It's very rare in modern football to be able to get those sort of results and obviously, for a club like ours, we have always relied on our chairman at the end of the season to balance the books and to put money in, so it's refreshing and it's a different way to work.

"It shows how hard we had to work behind the scenes in every department to be able to produce those results. But most significantly now we'll be able to invest that money in improving our facilities to take the football club to a different level."

Chief executive Jonathan Jackson added: "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."

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

H

ilarious, thanks for that. But if I may, I do suspect the reason of your partners' ire is not Tottenham, but most probably all the compusilve gambling :)

DannySmith
Backing Costa To Keep Banging 'Em In

T

wo police horses in a paddock. Horse 1: What's with the long face? Horse 2: I'm working St James Park this weekend.

hump3.
Pardew braced for protests

T

wo things. First, I can't stop reading your name as 'Dane Bowers'. Second, you used the words 'philosophy' and 'Redknapp' in the same sentence.

ajsr1982
Can United's Defence Handle Ulloa?

Footer 365

Premier League: Man City manager Manuel Pellegrini not concerned by Yaya Toure's form

Manchester City manager Manuel Pellegrini has no concerns over the form or commitment of midfielder Yaya Toure.

Transfer news: Chelsea's Jose Mourinho plays down Cristiano Ronaldo transfer talk

Chelsea boss Jose Mourinho has played down speculation about signing Cristiano Ronaldo.

Dundee boss Paul Hartley anticipates a good derby with United

Dundee boss Paul Hartley maintains his players have no fears as they prepare for the derby match with Dundee United.

Mail Box

Be Careful What You Wish For, Gooners

That's the message from a Man United fan in the mailbox. Plus, thoughts on Paul Lambert's new contract, the Alan Pardew dilemma at Newcastle and lots more...

No, Wenger IS To Blame For Failure...

The backlash to the backlash to the backlash sees Arsene Wenger getting a good kicking while we also have mails on Chelsea, Newcastle, Everton and lots more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property