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Wigan financial woes - up for sale again? p40
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Agreed. If they’re planning to buy a football club, surely they realise they’ll be publicity associated with that.Dazzler21 said:
I simply can not believe that someone backs out of a deal based on a rumour.MattF said:Doesn't sound like things are getting much better at Wigan
https://wiganathletic.com/news/2020/september/Statement-From-The-Joint-Administrators-21-09-20-/“They said that the publicity had put them off and their bid was withdrawn”.1 -
The administrators are asking for £4m to pay the financial commitment which they owe to HMRC for income tax and VAT.msomerton said:but the administrators what their pound of flesh and so are asking a price for the club that is asking to much for buyers in the North West with so many other clubs around,
If they don't get a sale of club to match that - then HMRC are in a position to wind up Wigan, liquidated.
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Its going to hard to get the 4 mil in this economic climate just to pay off the creditors and assume running a loss for the foreseeable future.0
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I wonder if a certain Messrs Southall, Bassinni & Farnell are involved ?stoneroses19 said:
Agreed. If they’re planning to buy a football club, surely they realise they’ll be publicity associated with that.Dazzler21 said:
I simply can not believe that someone backs out of a deal based on a rumour.MattF said:Doesn't sound like things are getting much better at Wigan
https://wiganathletic.com/news/2020/september/Statement-From-The-Joint-Administrators-21-09-20-/“They said that the publicity had put them off and their bid was withdrawn”.6 -
Southall would fail the ODT because he still has an interest in us 🙈🙈golfaddick said:
I wonder if a certain Messrs Southall, Bassinni & Farnell are involved ?stoneroses19 said:
Agreed. If they’re planning to buy a football club, surely they realise they’ll be publicity associated with that.Dazzler21 said:
I simply can not believe that someone backs out of a deal based on a rumour.MattF said:Doesn't sound like things are getting much better at Wigan
https://wiganathletic.com/news/2020/september/Statement-From-The-Joint-Administrators-21-09-20-/“They said that the publicity had put them off and their bid was withdrawn”.
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Still dont understand how a wage cap helps lower league clubs. Parachute payments from the Premier League were put into place because of this type of situation. Dropping from one level to another when paying big salaries is just not viable unless there is some sort of safety net.0
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Wage caps are bollocks, they are counter productive, encourage creative accounting as well as anything else.golfaddick said:Still dont understand how a wage cap helps lower league clubs. Parachute payments from the Premier League were put into place because of this type of situation. Dropping from one level to another when paying big salaries is just not viable unless there is some sort of safety net.
Rugby league, which is almost a closed sport has dozens of players wives, sisters mothers and associated others working in "hospitality" on £100s an hour to get round it.
Why should Sunderland have the same wage bill as Accrington when they possibly get 10x, at least, the revenue??6 -
Preferred buyer from Spain has been found
https://wiganathletic.com/news/2020/september/Update-Statement-From-The-Joint-Administrators-30-09-20-/
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It also creates a massive gulf between the championship and League 1Cafc43v3r said:
Wage caps are bollocks, they are counter productive, encourage creative accounting as well as anything else.golfaddick said:Still dont understand how a wage cap helps lower league clubs. Parachute payments from the Premier League were put into place because of this type of situation. Dropping from one level to another when paying big salaries is just not viable unless there is some sort of safety net.
Rugby league, which is almost a closed sport has dozens of players wives, sisters mothers and associated others working in "hospitality" on £100s an hour to get round it.
Why should Sunderland have the same wage bill as Accrington when they possibly get 10x, at least, the revenue??0 -
"No further details will be released until EFL approval has been attained..."
So what's that then......6-8 weeks ???1 - Sponsored links:
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I hope for their sakes, it's not El Liott.ForeverAddickted said:Preferred buyer from Spain has been found
https://wiganathletic.com/news/2020/september/Update-Statement-From-The-Joint-Administrators-30-09-20-/36 -
Great news that Wigan have been bought by a Spanish outfit clearing all debts to creditors (which would presumably include a number of local businesses). Hope it works out for them.4
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You would hope that the administrators wouldn't choose a buyer unless they were sure they'd easily pass all the EFL tests0
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Pity they won't be deducted 15 points
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Perhaps it's Jiminez from his Spanish golf course, "...... The preferred bidder who has experience in football has made it plain that they do not wish for their details to be made public ".ForeverAddickted said:Preferred buyer from Spain has been found
https://wiganathletic.com/news/2020/september/Update-Statement-From-The-Joint-Administrators-30-09-20-/
The Spivs are back!
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Fingers crossed for them.0
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Just hope it’s not LlaneraForeverAddickted said:'Preferred buyer from Spain has been found
https://wiganathletic.com/news/2020/september/Update-Statement-From-The-Joint-Administrators-30-09-20-/0 -
Great news, hope the sale completes without any hitches.0
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Good luck to them.0
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They've supposedly put up the money to pay the non-footballing creditors in advance, so must be bullshit. Very poor taste!ForeverAddickted said:1 -
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Damn its probably true then!!MattF said:0 -
Makes a change to see Nixon outright deny something, not just say maybeForeverAddickted said:
Damn its probably true then!!MattF said:2 -
What was the original tweet as its now unavailable0
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Was some weird account claiming that Chris Farnell and Matt Southall were the ones behind the Spanish bidkidbrookeaddick said:What was the original tweet as its now unavailable6 -
Now creeping out on more accounts the Southall and Farnell rumour...2
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I hope for their sake this is bollocksMattF said:
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99% sure it is, but theres still that 1% knawing away that says it could be true5
