Popeye doyle Posted August 3, 2020 Share Posted August 3, 2020 5 hours ago, Dr Faustus said: Still pending approval I'm calling you out as Nat Deeley, a long time lurker first time poster who posted this morning and mentioned us. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted August 3, 2020 Site Supporter Share Posted August 3, 2020 13 hours ago, victor meldrew said: the fickle fuckers shouldn't have deserted in the first place Aye, but it's par for the course unfortunately. Quote Link to comment Share on other sites More sharing options...
Dr Faustus Posted August 3, 2020 Share Posted August 3, 2020 46 minutes ago, Popeye doyle said: I'm calling you out as Nat Deeley, a long time lurker first time poster who posted this morning and mentioned us. Who the Fuck is Nat Deeley? Quote Link to comment Share on other sites More sharing options...
Popeye doyle Posted August 3, 2020 Share Posted August 3, 2020 2 minutes ago, Dr Faustus said: Who the Fuck is Nat Deeley? Brand new poster on LS, first post this morning. Quote Link to comment Share on other sites More sharing options...
Dr Faustus Posted August 3, 2020 Share Posted August 3, 2020 Just now, Popeye doyle said: Brand new poster on LS, first post this morning. Ah, OK Quote Link to comment Share on other sites More sharing options...
Popeye doyle Posted August 3, 2020 Share Posted August 3, 2020 The fire sale of players looks like continuing. Quote Link to comment Share on other sites More sharing options...
Members Rudy Posted August 3, 2020 Members Share Posted August 3, 2020 Kin’ell Nixon Who could have imagined a club in administration needs money because their bills and debts are too high and no one will buy them in such a state. Why do people entertain this charlatan Quote Link to comment Share on other sites More sharing options...
Duck Egg Posted August 3, 2020 Share Posted August 3, 2020 Apart from their wage commitments what debts do they have. Anyone know? Quote Link to comment Share on other sites More sharing options...
Marc505 Posted August 3, 2020 Share Posted August 3, 2020 DW going into admin Quote Link to comment Share on other sites More sharing options...
tomski Posted August 3, 2020 Share Posted August 3, 2020 30 minutes ago, Duck Egg said: Apart from their wage commitments what debts do they have. Anyone know? All start stacking up when you don’t pay owt or mortgage future kit deals or stadium naming rights. A bloke whose name escapes me should be an expert in the subject matter. He’s was very sweaty Quote Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted August 3, 2020 Share Posted August 3, 2020 1 hour ago, Rudy said: Kin’ell Nixon Who could have imagined a club in administration needs money because their bills and debts are too high and no one will buy them in such a state. Why do people entertain this charlatan To be fair to him, I think he's just stating the obvious to people who haven't quite grasped what this all means. Quote Link to comment Share on other sites More sharing options...
Lt. Aldo Raine Posted August 3, 2020 Share Posted August 3, 2020 46 minutes ago, Duck Egg said: Apart from their wage commitments what debts do they have. Anyone know? I think there's been some suggestion that there are installments on transfer fees due. Quote Link to comment Share on other sites More sharing options...
masi 51 Posted August 3, 2020 Share Posted August 3, 2020 Just been on spyk....I do not know if its someone of here [natdeeley] But i really hope its a genuine wigan fan who just wrote i have just read whelans bio and i did not know he broke his leg in the cup final. No even wiganers are not so numb Quote Link to comment Share on other sites More sharing options...
Benny The Ball Posted August 3, 2020 Share Posted August 3, 2020 1 hour ago, Duck Egg said: Apart from their wage commitments what debts do they have. Anyone know? From what I have read they owe about £6 million to unsecured creditors ( largest being Inland Revenue due about £2.5 million ) and potentially a further £25 million "loaned" via the Far Eastern owners which the administrators are investigating If the £25 million far eastern loans are payable then non football creditors would total about £32 million and someone would have to come up with about £8 million just to satisfy the football leagues 25 % ruling otherwise they get a 15 point deduction next season. If its not payable then a buyer only has to find 25% of £6 million ie £1.5 million - that seems to be the basis on which they are working as the offer they accepted from the bidder who walked away last week paid all football creditors and the £1.5 million to non football creditors Not sure what football creditors are - someone else may know ( Guess £6-£8 million ) ? Quote Link to comment Share on other sites More sharing options...
Duck Egg Posted August 3, 2020 Share Posted August 3, 2020 (edited) 45 minutes ago, Benny The Ball said: From what I have read they owe about £6 million to unsecured creditors ( largest being Inland Revenue due about £2.5 million ) and potentially a further £25 million "loaned" via the Far Eastern owners which the administrators are investigating If the £25 million far eastern loans are payable then non football creditors would total about £32 million and someone would have to come up with about £8 million just to satisfy the football leagues 25 % ruling otherwise they get a 15 point deduction next season. If its not payable then a buyer only has to find 25% of £6 million ie £1.5 million - that seems to be the basis on which they are working as the offer they accepted from the bidder who walked away last week paid all football creditors and the £1.5 million to non football creditors Not sure what football creditors are - someone else may know ( Guess £6-£8 million ) ? Interesting, cheers. If the loan is counted towards the repayable debt, they really are fecked. If not they should be ok but one potential lifeline has disappeared with the news about DW sports today. Edited August 3, 2020 by Duck Egg Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted August 3, 2020 Share Posted August 3, 2020 What are the assets worth though? Based on those numbers above you could pay £8m towards non football debts and a further £6m to football so £14m in total Doesn’t seem such a high price to pay if it includes the Stadium, Euxton training ground etc - Especially as they have some players that could fetch reasonable money (didn’t they get offered millions for Robinson?) Appreciate the football debt will start to rack up in the form of wage deficit each month, you’d expect player sales to help reduce that over the coming months Seem to recall anyone buying us needed £25m - £35m with no decent footballing assets left, although monthly losses were a lot smaller (the debt wasn’t growing) Not sure it’s quite as bleak as our situation was as things stand Quote Link to comment Share on other sites More sharing options...
Escobarp Posted August 3, 2020 Share Posted August 3, 2020 3 minutes ago, birch-chorley said: What are the assets worth though? Based on those numbers above you could pay £8m towards non football debts and a further £6m to football so £14m in total Doesn’t seem such a high price to pay if it includes the Stadium, Euxton training ground etc - Especially as they have some players that could fetch reasonable money (didn’t they get offered millions for Robinson?) Appreciate the football debt will start to rack up in the form of wage deficit each month, you’d expect player sales to help reduce that over the coming months Seem to recall anyone buying us needed £25m - £35m with no decent footballing assets left, although monthly losses were a lot smaller (the debt wasn’t growing) Not sure it’s quite as bleak as our situation was as things stand The money to the owner is secured I believe so that needs repaying or he beat the fixed assets being the ground and euxton there is no easy way out of this Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted August 3, 2020 Moderators Share Posted August 3, 2020 Euxton, 2.5 they paid They need to sell Esco says the ground isn't theirs Its bleak. Which is nice Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted August 3, 2020 Share Posted August 3, 2020 Just now, Escobarp said: The money to the owner is secured I believe so that needs repaying or he beat the fixed assets being the ground and euxton there is no easy way out of this Ah ok, that’s the big one then At least it was ED family who had the charge on our assets, not some ghost from China Quote Link to comment Share on other sites More sharing options...
Escobarp Posted August 3, 2020 Share Posted August 3, 2020 4 minutes ago, birch-chorley said: Ah ok, that’s the big one then At least it was ED family who had the charge on our assets, not some ghost from China Nobody is lending anyone 25m unsecured. Quote Link to comment Share on other sites More sharing options...
Popeye doyle Posted August 3, 2020 Share Posted August 3, 2020 They've also got outstanding payments/instalments of transfer fees for players purchased which they still owe. Quote Link to comment Share on other sites More sharing options...
Burnden Pies Posted August 3, 2020 Share Posted August 3, 2020 28 minutes ago, Popeye doyle said: They've also got outstanding payments/instalments of transfer fees for players purchased which they still owe. This thread just gets better and better! Quote Link to comment Share on other sites More sharing options...
Site Supporter RONNIE PHILLIPS Posted August 3, 2020 Site Supporter Share Posted August 3, 2020 1 hour ago, Popeye doyle said: They've also got outstanding payments/instalments of transfer fees for players purchased which they still owe. Who needs viagra when you can read this thread 😋 Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted August 3, 2020 Site Supporter Share Posted August 3, 2020 26 minutes ago, RONNIE PHILLIPS said: Who needs viagra when you can read this thread 😋 Just one big cock up. Quote Link to comment Share on other sites More sharing options...
MancWanderer Posted August 3, 2020 Share Posted August 3, 2020 5 hours ago, Mr Grey said: Nice, its fantastique as they say in France. Oh come on.... C’est fantastique HTH 😀 Quote Link to comment Share on other sites More sharing options...
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