Wigan financial woes - up for sale again? p40
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It's been shocking really how long they've been in administration. TWO transfer windows have passed, and nearly 8 monthsclive said:0 -
And some people on here was hoping we would go into administration so Elliott et al would walk away.killerandflash said:
It's been shocking really how long they've been in administration. TWO transfer windows have passed, and nearly 8 monthsclive said:9 -
I'm hopeful for Wigan, but apart from the word "Bahrain" there's not that much there for them to be optimistic about and I'm getting increasingly wary about middle east buyers.clive said:6 -
Just the mention of a mysterious Middle East consortium rings alarm bellsCovered End said:
I'm hopeful for Wigan, but apart from the word "Bahrain" there's not that much there for them to be optimistic about and I'm getting increasingly wary about middle east buyers.clive said:
A named and public individual (like Thomas or the new Sunderland owner) I can understand. Or a group of local business people wanting to put something back into their local area by saving the football club also makes sense, but I'm immediately wary of anonymous foreign consortiums, and their motives, when the club isn't a big name and is heading towards L2
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Never heard of a Sydney based consortium trying to buy us6
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Now that we’ve played them twice and taken six point off of them I wish them nothing but the best of luck.
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Exactly the same business model, of using the club to funnel young Aussie talent. The numbers look a lot more financially realistic than what they would have had to pay Roland though
It's understood RDR would spend $6.2 million to purchase the club and provide a $7.1 million operating budget for a two-year period to the EFL.
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The Sydney-based group has previously attempted to purchase fellow English club Charlton Athletic in 2018 and expressed interest in A-League club Central Coast Mariners before ending discussions with owner Mike Charlesworth.
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We are so lucky that TS chose us. He could have gone with Wigan and we'd have been as good as dead.10
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Hope Wigan get lucky.killerandflash said:Exactly the same business model, of using the club to funnel young Aussie talent. The numbers look a lot more financially realistic than what they would have had to pay Roland though
It's understood RDR would spend $6.2 million to purchase the club and provide a $7.1 million operating budget for a two-year period to the EFL.1 -
Those young Australian lads are gonna love Wigan! 😩3
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The women will scare em shitless...SoundAsa£ said:Those young Australian lads are gonna love Wigan! 😩
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https://www.msn.com/en-gb/sport/football/major-wigan-athletic-takeover-update-emerges/ar-BB1ejin3?li=BBoPWjP
A Bahrain-based consortium have agreed a final price with the administrators of Wigan Athletic to take over the ownership of the club, according to Alan Nixon.
The Latics have been in limbo for eight months after their owners Next Leader Fund – who had only just taken over from another Hong Kong-based company a month prior – left them high-and-dry after refusing to invest money promised into the club.
A points deduction meant Wigan dropped into League One and it has been a struggle all season for them, with many senior players departing, manager John Sheridan moving to Swindon Town and a takeover bid from Spaniard Felipe Moreno falling through when he tried to change the terms of the deal.
The Latics may finally be saved though thanks to a Bahraini group who look to have struck a deal with Gerald Krasner and co.
Their interest was first reported in January by Nixon, and just a few weeks ago Wigan Today stated that a group were understood to be undergoing ‘preliminary checks’ with the EFL – thought to be the Bahrainis.
Despite administrator Paul Stanley telling Wigan Today on Thursday that talks with the Bahrainis had gone ‘very cold’, the Latics’ Supporters Group released a positive update yesterday, saying that they’d spoken directly to a representative of the consortium and that they’re ‘optimistic that a successful conclusion can be reached’.
Now Nixon’s latest news will excite Wigan fans even more, with the group now reportedly agreeing a final price for the club and their assets, and that the takeover is now in the ‘final stages.
The Verdict
The finish line finally seems to be in sight for Wigan fans, who have had to put up with a stressful eight months.
No doubt the Latics fans will be wary though, as Moreno seemed to be very, very close to becoming the new owner and it fell through at the final hurdle.
A fresh ownership group may not save the club from relegation, but what it can do is bring a boost to morale and that can only help matters on the pitch – there could be an interesting end to the 2020/21 season at the DW Stadium.
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Keep trying Nixon... Am sure you'll get something right one day3
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Always a worry with Nixon, not only if it's ballshit or not, but who the source is.ForeverAddickted said:Keep trying Nixon... Am sure you'll get something right one day6 -
If that hasbeen tells you it's raining you'll have to step outside to check. He is to journalism what Tommy Driesen is to football scoutingForeverAddickted said:Keep trying Nixon... Am sure you'll get something right one day2 -
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Administrators for League One Wigan Athletic are in advanced talks with a consortium led by Bahrain businessman Talal Mubarak al-Hammad.
While no deposit has been paid and talks are continuing with other parties, it is regarded as the most plausible option for the beleaguered Latics since a deal agreed with a Spanish consortium collapsed at Christmas.
The English Football League are being kept informed about the situation.
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https://www.bbc.co.uk/sport/football/56403096Financially troubled League One club Wigan Athletic have agreed a takeover with a consortium led by Bahrain businessman Abdulrahman Al-Jasmi.The move comes after months of uncertainty at the club, which has been in administration since July 2020.The Latics' financial problems went on to lead to their relegation from the Championship last season.The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.2
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Hope their saviour from the Middle East turns out to be the real thing.9
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For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.7
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The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.EricBanterna said:For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
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To be fair the biggest issue for these from the Middle East will be whether they can produce proof of funds or not
If they can then you hope they're nothing like recent chancers at both Charlton or Derby - If it drags on though, you have to bang your head against the wall for sure and clubs here should surely stop negotiating with them as its getting ridiculous with the amount who are no doubt "promising" to copy Man City0 -
We both know, you don't need EFL approval, they cannot stop someone taking over a football club, but can make it very difficult for them to if they don't satisfy their criteria.killerandflash said:
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.EricBanterna said:For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.2 -
https://www.bbc.co.uk/sport/football/55195930EricBanterna said:
We both know, you don't need EFL approval, they cannot stop someone taking over a football club, but can make it very difficult for them to if they don't satisfy their criteria.killerandflash said:
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.EricBanterna said:For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
The Spanish buyers were blocked by the EFL though1 -
Blocked or told under no uncertain terms the consequences they face which inturn leads to monetary losses.killerandflash said:
https://www.bbc.co.uk/sport/football/55195930EricBanterna said:
We both know, you don't need EFL approval, they cannot stop someone taking over a football club, but can make it very difficult for them to if they don't satisfy their criteria.killerandflash said:
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.EricBanterna said:For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
The Spanish buyers were blocked by the EFL though
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Aren't the administrators legally obliged to not sell it, if it was on the basis of EFL approval? Unlike Roland, or indeed ESI who legally could sell it to any one regardless of the EFL?killerandflash said:
https://www.bbc.co.uk/sport/football/55195930EricBanterna said:
We both know, you don't need EFL approval, they cannot stop someone taking over a football club, but can make it very difficult for them to if they don't satisfy their criteria.killerandflash said:
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.EricBanterna said:For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
The Spanish buyers were blocked by the EFL though
The administrators have a legal obligation to the creditors, Roland only, legally, had an obligation to himself.2 -
That makes sense.Cafc43v3r said:
Aren't the administrators legally obliged to not sell it, if it was on the basis of EFL approval? Unlike Roland, or indeed ESI who legally could sell it to any one regardless of the EFL?killerandflash said:
https://www.bbc.co.uk/sport/football/55195930EricBanterna said:
We both know, you don't need EFL approval, they cannot stop someone taking over a football club, but can make it very difficult for them to if they don't satisfy their criteria.killerandflash said:
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.EricBanterna said:For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
The Spanish buyers were blocked by the EFL though
The administrators have a legal obligation to the creditors, Roland only, legally, had an obligation to himself.2
