but the administrators what their pound of flesh and so are asking a price for the club that is asking to much for buyers in the North West with so many other clubs around,
The administrators are asking for £4m to pay the financial commitment which they owe to HMRC for income tax and VAT.
If they don't get a sale of club to match that - then HMRC are in a position to wind up Wigan, liquidated.
Still dont understand how a wage cap helps lower league clubs. Parachute payments from the Premier League were put into place because of this type of situation. Dropping from one level to another when paying big salaries is just not viable unless there is some sort of safety net.
Still dont understand how a wage cap helps lower league clubs. Parachute payments from the Premier League were put into place because of this type of situation. Dropping from one level to another when paying big salaries is just not viable unless there is some sort of safety net.
Wage caps are bollocks, they are counter productive, encourage creative accounting as well as anything else.
Rugby league, which is almost a closed sport has dozens of players wives, sisters mothers and associated others working in "hospitality" on £100s an hour to get round it.
Why should Sunderland have the same wage bill as Accrington when they possibly get 10x, at least, the revenue??
Still dont understand how a wage cap helps lower league clubs. Parachute payments from the Premier League were put into place because of this type of situation. Dropping from one level to another when paying big salaries is just not viable unless there is some sort of safety net.
Wage caps are bollocks, they are counter productive, encourage creative accounting as well as anything else.
Rugby league, which is almost a closed sport has dozens of players wives, sisters mothers and associated others working in "hospitality" on £100s an hour to get round it.
Why should Sunderland have the same wage bill as Accrington when they possibly get 10x, at least, the revenue??
It also creates a massive gulf between the championship and League 1
Great news that Wigan have been bought by a Spanish outfit clearing all debts to creditors (which would presumably include a number of local businesses). Hope it works out for them.
Perhaps it's Jiminez from his Spanish golf course, "...... The preferred bidder who has experience in football has made it plain that they do not wish for their details to be made public ".
Comments
If they don't get a sale of club to match that - then HMRC are in a position to wind up Wigan, liquidated.
Rugby league, which is almost a closed sport has dozens of players wives, sisters mothers and associated others working in "hospitality" on £100s an hour to get round it.
Why should Sunderland have the same wage bill as Accrington when they possibly get 10x, at least, the revenue??
https://wiganathletic.com/news/2020/september/Update-Statement-From-The-Joint-Administrators-30-09-20-/
So what's that then......6-8 weeks ???
The Spivs are back!