'˜Losing Wigan Warriors as a tenant would be significant risk', says Wigan Athletic's prospective new owner

Wigan Warriors have been described as a 'valuable tenant' by the prospective new Wigan Athletic owner.

Tuesday, 9th October 2018, 12:40 pm
Updated Tuesday, 9th October 2018, 1:43 pm
Wigan have a lease to play at the DW until 2025
Wigan have a lease to play at the DW until 2025

The Super League outfit, who have ground-shared with Latics since 1999, have a lease to play at the DW Stadium until May 2025, and who have an option to extend to May 2050 if they so desire.

Some have questioned whether the sale of the Championship outfit to International Entertainment Corporation would jeopardise the arrangement – something Warriors owner Ian Lenagan has previously denied.

And a document announced to the Hong Kong stock exchange by IEC says their loss would be a ‘significant risk’ to the company.

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“Wigan Warriors Rugby Football League Club is a valuable tenant,” said the IEC report.

“They pay a stadium hire fee of 10 per cent of their match ticket revenues to the Stadium.

“There is a risk that should Wigan Warriors Rugby Football League Club struggle commercially, then this will have an impact on the commercial performance of the Target Group.

“Another significant risk would be the loss of this tenant on a permanent basis.”

Read the full story: Latics takeover latest