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.
I would have thought the opposite. The Administrators are just looking to get the best price they can so that they can pay the creditors. Who they are & what happens afterwards is not their problem. I may be wrong & the EFL (or Admin rules) may say otherwise, but usually when Administrators are involved they are just looking to get creditors paid.
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.
I would have thought the opposite. The Administrators are just looking to get the best price they can so that they can pay the creditors. Who they are & what happens afterwards is not their problem. I may be wrong & the EFL (or Admin rules) may say otherwise, but usually when Administrators are involved they are just looking to get creditors paid.
But the only asset is the golden ticket. They don't own the ground, all the player contracts would be breached if they were expelled. Effectively all you are buying is the place in the league.
Are you suggesting someone would pay the creditors then knowling get expelled?
Reg address shared with one Michael Blood....hmmm.
The new owner makes reference to Brabners LLP, a fairly reputable firm who also share that address. Michael Blood also worked at Brabners before moving to JMW.
Michael Blood, Brabners and JMW aren’t dodgy. I get the “hmmm” initial thought but I don’t think the link to Brabners is anything more than a coincidence, and Bloods involvement with ESI was nothing more than representing them. Same as the lawyer representing Paul Elliott, doesn’t mean they’re involved in a negative way.
@TelMc32 & I know one of the directors for many years, he has spent all his working life in football. I just can't see him getting involved in something that wasn't right.
The reports I've read all say "...EFL approved..." and that the new owners have formally been granted the identity of the football club but I've not read anywhere that the new set up has proven 'source and sustainability of funds' or whatever the wording is. We'd like to think EFL wouldn't drop the ball again with Wigan but their record with us, Bury, Bolton, etc, etc is dreadful. Wigan's mess needed to be off EFL's 'to do list' before next season's fixtures are scheduled, cos Wigan wouldn't be allowed to commence a 2nd season in administration. EFL much more likely to kick this can down the road a bit than actually do a proper diligent job at any stage. If the wheels come off, again, EFL will refute responsibility, again. Anybody seen an EFL or new owner quote that ALL the paperwork & funding is in place and validated? Good luck Latics
The reports I've read all say "...EFL approved..." and that the new owners have formally been granted the identity of the football club but I've not read anywhere that the new set up has proven 'source and sustainability of funds' or whatever the wording is. We'd like to think EFL wouldn't drop the ball again with Wigan but their record with us, Bury, Bolton, etc, etc is dreadful. Wigan's mess needed to be off EFL's 'to do list' before next season's fixtures are scheduled, cos Wigan wouldn't be allowed to commence a 2nd season in administration. EFL much more likely to kick this can down the road a bit than actually do a proper diligent job at any stage. If the wheels come off, again, EFL will refute responsibility, again. Anybody seen an EFL or new owner quote that ALL the paperwork & funding is in place and validated? Good luck Latics
The difference is that the EFL have produced a statement that is a bit similar to when Sandgaard took over
@TelMc32 & I know one of the directors for many years, he has spent all his working life in football. I just can't see him getting involved in something that wasn't right.
Been in touch with him last night & this morning. They’re really looking forward to getting started now, but realise it’s a huge 9 games now to try and stay in the division. He’s hoping we get to see them at least twice next season 😏
I know personally Dr Tom...... the guy who has been involved in footie simulation games.
He's um, well.
I'll reserve judgement. He talks a good game but um, well.
We did a project together where I delivered on my side of the bargain. He..... didn't.....
He has good creds working on Football Manager and Kaiser (one of my favourite football books/films), but his bio seems to try and position him as a ‘football finance expert’ like Kieran McGuire from the Price of Football (who I think may have taught him given the Liverpool uni link). Still, he’s only a NED so more comparable to Rifkind, and they’re not bringing in an external FD like Southall did which would be a true alarm bell. Overall, they seem more credible than ESI (though not a hard bar to meet)
Comments
Are you suggesting someone would pay the creditors then knowling get expelled?
He's um, well.
I'll reserve judgement. He talks a good game but um, well.
We did a project together where I delivered on my side of the bargain. He..... didn't.....
Hope you win your 1st game under the new owner tomorrow night versus the Gills.
Good luck !
Reg address shared with one Michael Blood....hmmm.
Anybody seen an EFL or new owner quote that ALL the paperwork & funding is in place and validated?
Good luck Latics
https://www.efl.com/news/2021/march/efl-statement-wigan-athletic/
When ESI took over they kept very quiet as ESI naturally hadnt completed all their requirements
https://wiganathletic.com/news/2021/march/Biographies-New-Wigan-Athletic-Directors/
https://aljasmiholding.com/#home