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.
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.
Just the mention of a mysterious Middle East consortium rings alarm bells
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
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.
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.
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.
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.
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.
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 City
For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.
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.
For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.
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.
For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.
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.
For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.
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.
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?
The administrators have a legal obligation to the creditors, Roland only, legally, had an obligation to himself.
For the sake of the Wigan Fans, I truly hope the EFL have done the right thing here and done their homework.
The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.
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.
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?
The administrators have a legal obligation to the creditors, Roland only, legally, had an obligation to himself.
Comments
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
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.
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.
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.
https://www.bbc.co.uk/sport/football/56322680
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 City
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.