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Wigan financial woes - up for sale again? p40
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I wish Roland would!0
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What, investigate?!PrincessFiona said:I wish Roland would!0 -
This goes some way to understanding why the EFL investigation at Wigan went the way it did:
https://www.theguardian.com/football/2020/aug/16/wigans-former-owner-kay-asked-about-administration-before-his-takeover
This is the kind of freak show football is becoming - all down to greed and avarice. What a f***ing mess.0 -
What a thought! waive a few £million, let alone £36mNorth Lower Neil said:
What, investigate?!PrincessFiona said:I wish Roland would!0 -
How much money were Wigan losing a year?
Give that they'd have finished mid-table without the deduction, surely he'd have lost less than £36m by finishing the season, keeping the squad together and then trying to sell them normally.
This surely only goes to show it's been dodgy from the start.0 -
Anonymous person within Wigan has posted this on twitter
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If true, that is truly appalling.
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Serious allegations, but the situation at Wigan is terrible when a month ago I imagine a lot of people extended the new owners to take over quickly.0
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Saw that on Twitter and surely it has to be fake unless no creditable purchaser exists.ForeverAddickted said:Anonymous person within Wigan has posted this on twitter0 -
I fear for Wigan, a week to sort things out if the Admistrators deadline is to be believed0
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Would explain though why there is no deal in place despite about sixty interested parties coming forward when they initially got put into administrationcfgs said:
Saw that on Twitter and surely it has to be fake unless no creditable purchaser exists.ForeverAddickted said:Anonymous person within Wigan has posted this on twitter0 -
What is the administrators main job?
I'd assumed it was to save the football club and find a reputable buyer?
But from that article it seems as if their main aim is to make as much money as possible.1 -
Anyone still keen for CAFC to go into administration?Chris_from_Sidcup said:What is the administrators main job?
I'd assumed it was to save the football club and find a reputable buyer?
But from that article it seems as if their main aim is to make as much money as possible.1 -
They have a duty to act in the best interests of creditors as a whole, and will attempt to realise the highest returns for all groups if rescue is not possible. Which means selling all assets they can if they can’t affect a sale at the right priceChris_from_Sidcup said:What is the administrators main job?
I'd assumed it was to save the football club and find a reputable buyer?
But from that article it seems as if their main aim is to make as much money as possible.
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The stadium and training ground are surely worth more as football assets than as land?
Land is cheap in Wigan, the DW stadium is on a retail park, a sector dying on its arse1 -
Aren't the Rugby League club joint owners if the Stadium?killerandflash said:The stadium and training ground are surely worth more as football assets than as land?
Land is cheap in Wigan, the DW stadium is on a retail park, a sector dying on its arse
Also I thought one of TS's astute insights was knowing that Wigan is mainly a RL town. I still regard Preston as a bigger club because it is a football city.0 -
I see Whelan has sold DW to Ashley... 👀0
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No the RL club were just tenants, however i believe the Warriors owner is now the new favourite to buy the stadium.Richard J said:
Aren't the Rugby League club joint owners if the Stadium?killerandflash said:The stadium and training ground are surely worth more as football assets than as land?
Land is cheap in Wigan, the DW stadium is on a retail park, a sector dying on its arse
Also I thought one of TS's astute insights was knowing that Wigan is mainly a RL town. I still regard Preston as a bigger club because it is a football city.
So the football club will therefore have to rent it off him.0 -
I think they were one of the bidders for the club.Chris_from_Sidcup said:
No the RL club were just tenants, however i believe the Warriors owner is now the new favourite to buy the stadium.Richard J said:
Aren't the Rugby League club joint owners if the Stadium?killerandflash said:The stadium and training ground are surely worth more as football assets than as land?
Land is cheap in Wigan, the DW stadium is on a retail park, a sector dying on its arse
Also I thought one of TS's astute insights was knowing that Wigan is mainly a RL town. I still regard Preston as a bigger club because it is a football city.
So the football club will therefore have to rent it off him.0 -
Preston have a heritage going back to the start of the Football league as well, whereas Wigan only became a league club in 1978, so the town has had an awful long history where football fans supported clubs elsewhere (in Manchester or Liverpool) or Rugby.Richard J said:
Aren't the Rugby League club joint owners if the Stadium?killerandflash said:The stadium and training ground are surely worth more as football assets than as land?
Land is cheap in Wigan, the DW stadium is on a retail park, a sector dying on its arse
Also I thought one of TS's astute insights was knowing that Wigan is mainly a RL town. I still regard Preston as a bigger club because it is a football city.1 -
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Reminds me of Mouthall!!MattF said:0 -
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There are plenty of administrators out there but these guys seem to get the gig an awful lot. Are they the only ones specialist enough for football?MattF said:0 -
Vultures picking over a carcass!! - Training Ground has been sold to Preston North End
https://www.lancs.live/sport/football/football-news/preston-north-end-deal-done-18828535
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Not really any different to how Wigan bought it off Bolton when they were struggling.ForeverAddickted said:Vultures picking over a carcass!! - Training Ground has been sold to Preston North End
https://www.lancs.live/sport/football/football-news/preston-north-end-deal-done-18828535
Poor old training ground being used for pass the parcel in the North West.
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That Euxton training ground is roughly midway between the 3 clubs (Bolton, Wigan and Preston)
Most other clubs that have gone into administration (Palace, Soton etc) seems to have come out of it smelling of roses, ready to bounce straight back, whereas for Wigan it's been agony for their fans, with one bit of bad news following another3 -
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Madness that this has been allowed to happen to multiple clubs1
