Attention: Please take a moment to consider our terms and conditions before posting.
Wigan financial woes - up for sale again? p40
Comments
-
I'll tell you who would never pass the fit and proper persons test, the fucking EFL. I know some have said Wigan's situation is good for us, but personally I see nothing good in another club struggling in that way ...we are still not out of the woods ourselves financially and with an EFL investigation which could yet involve points deductions either this season or next. And, Im sure we all know there will be more clubs in a similar position to Wigan in the next couple of years.carly burn said:
Dear EFL.Rothko said:
I think your fit and proper persons test may need a little tweak.
Kindest regards.2 -
Even with the points deduction this season, they could still stay up.
All they’ll need is to amount 4 more points than what Hull get between now and the end of the season, same with 3 more than what Barnsley get, and 2 more than what Luton get.
They're in trouble, but their form at the moment gives them a chance, even with the punishment.0 -
0 -
So the EFL allowed the previous owner to sell the club to himself and he'll be repaid by creditors, yet the club still go into administration.stackitsteve said:
0 -
But unlikely to finish 12 points above usSage said:Even with the points deduction this season, they could still stay up.
All they’ll need is to amount 4 more points than what Hull get between now and the end of the season, same with 3 more than what Barnsley get, and 2 more than what Luton get.
They're in trouble, but their form at the moment gives them a chance, even with the punishment.0 -
The EFL has to introduce a system to sort out this sort of crap going on. If it can't the Government needs to step in and help. Punishing the club, punishes the fans. Those responsible just walk away!! Football clubs are so much more than businesses.31
-
Ain't that the truth.MuttleyCAFC said:The EFL has to introduce a system to sort out this sort of crap going on. If it can't the Government needs to step in and help. Punishing the club, punishes the fans. Those responsible just walk away!! Football clubs are so much more than businesses.0 -
Feel very sorry for Wigan fans, we can obviously empathize with them a great deal.
I’m not defending the EFL but are they not working similar to the Premier League in that the clubs are the key stakeholders? therefore If the clubs wanted tougher rules they could make them? Surely we should be pointing the finger at every single club owner in the EFL.
it appears to me that the EFL are a great cover for the clubs as they get the blame every time another club falls into difficulties.
Reform can only come from each club ownership seeing further than their own interests which appears to be an impossibility.
12 -
Gutted for Wigan. The way they came from "who are they" L1 club to Premiership was incredible and their fans and staff and the whole community don't deserve this. Well done EFL. Another victim of your criminal lack of good governance.5
-
Won the FA Cup just 7 years ago3
- Sponsored links:
-
Where do the FA come into all this? They are supposed to be the governing body.
And picking up on this comment from @Cafc43v3r earlier:
"One thing I would point out is that no one expects a travel operator to subsidise the business through profits gained through another business, or acquired personal wealth."
Not true. My husband and I have subsidised our tour operating business over the past few months to a greater financial extent than Paul Elliott has invested in CAFC. Thanks to coronavirus - and in the hope that we make it through.13 -
Isn’t it about time fans across the Country united and took some kind of a stand against the not fit for purpose EFL?8
-
More importantly beating Millwall in the semi final at Wembley, their second Wembley victory over them.stackitsteve said:Won the FA Cup just 7 years ago
8 -
One law that could be introduced is that the vendor finally passes on ownership only when agreed payments are completed. Failure for this to happen means the club ownership reverts to the vendor.0
-
It might be worth starting a separate thread on this Pauliepaulie8290 said:
Right but as I said how long does that carry on for.MrLargo said:Read the explanations above Paulie! This policy was introduced to ensure that clubs going into administration always receive a meaningful punishment.
Surely it's not that traumatic to do a bit of basic mental arithmetic when you look at the table!!
They get deducted 12 points next season and get relegated by 13 points so the 12 points didnt effect them, do the 12 points then carry on to the following season?9 -
Fair point. My point being that your "customers" don't expect you to subsidises their holidays because you have another, profit making business, do they?Weegie Addick said:Where do the FA come into all this? They are supposed to be the governing body.
And picking up on this comment from @Cafc43v3r earlier:
"One thing I would point out is that no one expects a travel operator to subsidise the business through profits gained through another business, or acquired personal wealth."
Not true. My husband and I have subsidised our tour operating business over the past few months to a greater financial extent than Paul Elliott has invested in CAFC. Thanks to coronavirus - and in the hope that we make it through.
0 -
Yes it is. Imagine the lawsuits from other clubs that have had points taken away before Wigan if Wigan are not deducted.Rothko said:I don’t think a points deduction is a given2 -
Sage said:Even with the points deduction this season, they could still stay up.
All they’ll need is to amount 4 more points than what Hull get between now and the end of the season, same with 3 more than what Barnsley get, and 2 more than what Luton get.
They're in trouble, but their form at the moment gives them a chance, even with the punishment.
I bet their players are not being paid. We will see. I think they are done. Hopefully we are not about to enter administration. Would not put it past us. No money coming in.... transfer ban.... ownership issues. Sound like a prime candidate. When I heard on the radio here in the US a few hours ago that “a Championship club had gone into administration” I started sweating.3 -
Yeah I’ve had a thought in that today. I think all football clubs should have it written into their share structure that the shares that control the ‘ginseng league ticket’ cannot be sold or otherwise amended without the prior passing of the EFL test.MuttleyCAFC said:The EFL has to introduce a system to sort out this sort of crap going on. If it can't the Government needs to step in and help. Punishing the club, punishes the fans. Those responsible just walk away!! Football clubs are so much more than businesses.
not perfect and currently not legal so would need government intervention but would help particularly if the EFL test actually required a deposit of £20m-30m cash (At championship level) into a ring fenced account solely for the use of the club. Again not totally chancer proof but would put paid to many a dodgy dealer looking for a sniff of money but without any development plan.2 -
I completely understand what your saying. Wigan get deducted 12 points this season but not if there relegated because the punishment needs to hit them. I get what you mean by if they would finish in the bottom 3/4 next season anyway than they’ve still not been punished.paulie8290 said:
My point is people are saying the reason its be done this way is because if they get relegated without the points deduction then giving them a points deduction is no punishmentstoneroses19 said:
Why would it carry over to the 2021/22 season? The point deduction will be decided at the end of this season.paulie8290 said:
Right but as I said how long does that carry on for.MrLargo said:Read the explanations above Paulie! This policy was introduced to ensure that clubs going into administration always receive a meaningful punishment.
Surely it's not that traumatic to do a bit of basic mental arithmetic when you look at the table!!
They get deducted 12 points next season and get relegated by 13 points so the 12 points didnt effect them, do the 12 points then carry on to the following season?
All you have to do for the next 6 games is minus 12 points from Wigan current tally.
So at the start of the 2021/22 season u give them minus 12 points and they go down by 13 points then technically they points deduction wouldnt have made any difference and they haven't been punished so there is no difference.
I am not saying it should be carried on, and i get the rule is in place for teams that are already relegated trying to quickly get the 12 point deduction, but in Wigans case they are not already relegated trying to quickly get it this year so why not just add it IMO anyway.But the rules are there to stop already relegated sides from going into admin the day before their last game. Even if Wigan were to go down next season, they would have punished in the respect players might not want to play for a team already 12 points down and they’ve had the pressure of winning 4 games just to get their season started. It’s totally fair in my opinion although I have a lot of sympathy for them.0 - Sponsored links:
-
If they finish 14 points clear of relegation and get deducted 12 points where is the punishment then? There isn’t bonus money for positions in the Championship is there?0
-
The punishment is Wigan have been deducted 12 points.
If they finish 13 points above relegation then they stay up.
Whether some of think they should be relegated for going into administration doesnt matter.
5 -
I suppose the punishment is having to gain the necessary points which whilst possible, is going to be very difficult. Had it been imposed when/if they had the cushion, it would not be a punishment but it is a punishment now. Having said that, they are only 4 points away from safety. Not impossible given the way they have been playing recently.LargeAddick said:If they finish 14 points clear of relegation and get deducted 12 points where is the punishment then? There isn’t bonus money for positions in the Championship is there?0 -
Fuck the EFL, they are not fit for purpose... how does this keep happening?.2
-
"However, under EFL rules, clubs are permitted to appeal under the terms of a force majeure clause relating to circumstances that could be considered “unforeseeable and unavoidable”, which could yet apply in the case of Covid-19.
“It’s subject to appeal,” Krasner, the former chairman of Leeds United, told Telegraph Sport. “My lawyers are aware of this matter and when we get the letter [from the EFL] we will consider it.”
Asked if an appeal was viable, Krasner added: “What happens if another four clubs go next month? The Football League is going to have to seriously consider how they treat everybody fairly. It’s too early to say.”
0 -
The problem they have is that COVID is not the cause of their problem. The owner has the money, bought the club during lockdown so was well aware, and has just walked away.Chris_from_Sidcup said:"However, under EFL rules, clubs are permitted to appeal under the terms of a force majeure clause relating to circumstances that could be considered “unforeseeable and unavoidable”, which could yet apply in the case of Covid-19.
“It’s subject to appeal,” Krasner, the former chairman of Leeds United, told Telegraph Sport. “My lawyers are aware of this matter and when we get the letter [from the EFL] we will consider it.”
Asked if an appeal was viable, Krasner added: “What happens if another four clubs go next month? The Football League is going to have to seriously consider how they treat everybody fairly. It’s too early to say.”
7 -
I’m not saying you are wrong to be worried but why would Charlton be put into administration when there is a willing buyer already on the scene ? It would make zero sense.NapaAddick said:Sage said:Even with the points deduction this season, they could still stay up.
All they’ll need is to amount 4 more points than what Hull get between now and the end of the season, same with 3 more than what Barnsley get, and 2 more than what Luton get.
They're in trouble, but their form at the moment gives them a chance, even with the punishment.
I bet their players are not being paid. We will see. I think they are done. Hopefully we are not about to enter administration. Would not put it past us. No money coming in.... transfer ban.... ownership issues. Sound like a prime candidate. When I heard on the radio here in the US a few hours ago that “a Championship club had gone into administration” I started sweating.7 -
There should be a safeguard like landlords receive from tenants, a deposit up front. So when a buyer purchases a club, they should be made to pay x amount of millions to the EFL, to stop them just walking away. If owners do right by the club and once they sell they get it back.3
-
I wonder who?
0 -
Utrinque_Paratus said:There should be a safeguard like landlords receive from tenants, a deposit up front. So when a buyer purchases a club, they should be made to pay x amount of millions to the EFL, to stop them just walking away. If owners do right by the club and once they sell they get it back.Good suggestion
I have been thinking more and more about practical ways to safeguard the game. The problem is the wages that are paid to players. It’s okay for the few elite teams that play in the CL and have global brands. They can sustain the 200k a week salaries.The market has spiraled out of control. Because the top players can demand half a million a week, the not so top players can find themselves being paid £70k a week. That then means the top end Championship sides and those in lower half of the Prem start paying big big money for not very good players and aren’t able to sustain it.
Even some of the players that play for us, despite probably being lower earners in the grand scheme of things, are probably being paid more than we can afford.
it can’t go on. I’m all in favour of people earning as much money as they can if they work hard and I know footballers have short careers, but not at the expense of mine or other’s football clubs
I also think a rule should be in place where owners don’t lend the clubs money (still within the ffp requirements). They accept that the money they put in is equity. There’s no loans, no interest payments. You are simply allowed to increase your equity. If the shit hits the fan then you lose your investment, end of. Dutchatelet is a prime example and it seems like the blokes at Wigan were in a similar boat. Loaning the clubs money to be paid back at a rate of interest over time. It’s bollocks.10
