Traf Posted August 7, 2020 Share Posted August 7, 2020 I've not said much on Wigan's impending demise, as I've been too busy laughing at them. Hopefully, their local derby in the 2021-22 season will be against AFC Bury in the North West Counties League as a phoenix club. Quote Link to comment Share on other sites More sharing options...
Ani Posted August 7, 2020 Share Posted August 7, 2020 Are nt we under an embargo still ? Thought we were ? which capped salaries ? Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted August 7, 2020 Moderators Share Posted August 7, 2020 Yes And working within it Quote Link to comment Share on other sites More sharing options...
barrycowdrill Posted August 7, 2020 Share Posted August 7, 2020 Salary cap doesn’t really affect us hugely does it. More about dragging other clubs in line with our limitations. Doubt the impact at this level would be huge anyway as there aren’t many who generate decent revenue and spend huge amounts. If/when we do get promoted the cap will level the playing field far better in L1 Quote Link to comment Share on other sites More sharing options...
Whitestar Posted August 7, 2020 Share Posted August 7, 2020 9 hours ago, bolty58 said: Became clear to me at Walmsleys apprentice school down Union Road. Who else would use the term 'moggy' for a mouse? :lol:, my mother used to call a mouse a moggy. She was fro Leyth though Quote Link to comment Share on other sites More sharing options...
Leyther_Matt Posted August 7, 2020 Share Posted August 7, 2020 3 hours ago, MickyD said: If you drew the same large diameter circle around a coastal town that you do around an inland town or city as your catchment area half of your catchment would be fish. Cod Army init Quote Link to comment Share on other sites More sharing options...
Whitestar Posted August 7, 2020 Share Posted August 7, 2020 3 minutes ago, Leyther_Matt said: Cod Army init Back of the net Quote Link to comment Share on other sites More sharing options...
Plums Posted August 7, 2020 Share Posted August 7, 2020 Local toilet rag doesn’t help when it’s publicising shite like this : https://www.wigantoday.net/sport/football/how-wigan-athletics-ps19m-squad-market-value-ranks-alongside-every-other-league-one-club-2934858 Quote Link to comment Share on other sites More sharing options...
DomRepWanderer Posted August 7, 2020 Share Posted August 7, 2020 21 minutes ago, Plums said: Local toilet rag doesn’t help when it’s publicising shite like this : https://www.wigantoday.net/sport/football/how-wigan-athletics-ps19m-squad-market-value-ranks-alongside-every-other-league-one-club-2934858 What a crock of made up bullshit, Peterborough £3.4m, Toney must be worth more than that alone, and that's just an example. Quote Link to comment Share on other sites More sharing options...
Escobarp Posted August 7, 2020 Share Posted August 7, 2020 Thing is it gives them more hope and also as mentioned it’s a crock of shit anyway. But it gives them hope which is fun 😁 Quote Link to comment Share on other sites More sharing options...
Andy Gee Posted August 7, 2020 Share Posted August 7, 2020 16 minutes ago, DomRepWanderer said: What a crock of made up bullshit, Peterborough £3.4m, Toney must be worth more than that alone, and that's just an example. Goes off the values on Transfermarkt which I guess they don't update very often. Ivan Toney is worth 360 thousand. Josh Vela (1.1m) and Gary Madine(1.8) are some of the most expensive league 1 players. Quote Link to comment Share on other sites More sharing options...
Benny The Ball Posted August 7, 2020 Share Posted August 7, 2020 1 hour ago, Escobarp said: Thing is it gives them more hope and also as mentioned it’s a crock of shit anyway. But it gives them hope which is fun 😁 The longer it goes on with no bids the more likely the Rugby club and the council step in to secure the Stadium Stadium is the only thing worth salvaging Accounts for the stadium which is in a separate company shows it is 15% owned by the Council already and has no charges against it https://beta.companieshouse.gov.uk/company/03477413/more Quote Link to comment Share on other sites More sharing options...
tkonion Posted August 7, 2020 Share Posted August 7, 2020 6 minutes ago, Benny The Ball said: The longer it goes on with no bids the more likely the Rugby club and the council step in to secure the Stadium Stadium is the only thing worth salvaging Accounts for the stadium which is in a separate company shows it is 15% owned by the Council already and has no charges against it https://beta.companieshouse.gov.uk/company/03477413/more Does it being a seperate company mean it can't be sold by the administrators to clear the debts? Quote Link to comment Share on other sites More sharing options...
Benny The Ball Posted August 7, 2020 Share Posted August 7, 2020 1 minute ago, tkonion said: Does it being a seperate company mean it can't be sold by the administrators to clear the debts? Administrator can dispose of it as it has no charges registered against it such as a mortgage Its losing money when its hosting football and rugby , and will be costing money to maintain Being in a separate company is of little consequence at this point in time - its in administration with the other group companies Quote Link to comment Share on other sites More sharing options...
Members bolty58 Posted August 8, 2020 Members Share Posted August 8, 2020 13 hours ago, Whitestar said: ::lol::, my mother used to call a mouse a moggy. She was fro Leyth though I feel sure that learned gentlemen on here have established that Leyth is a suburb of Wigan? Did I imagine this? Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted August 8, 2020 Moderators Share Posted August 8, 2020 19 hours ago, Benny The Ball said: Administrator can dispose of it as it has no charges registered against it such as a mortgage Its losing money when its hosting football and rugby , and will be costing money to maintain Being in a separate company is of little consequence at this point in time - its in administration with the other group companies Who would buy the stadium Rugby cant afford it Quote Link to comment Share on other sites More sharing options...
Leyther_Matt Posted August 8, 2020 Share Posted August 8, 2020 34 minutes ago, Casino said: Who would buy the stadium Rugby cant afford it Council can and will. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted August 8, 2020 Share Posted August 8, 2020 4 minutes ago, Leyther_Matt said: Council can and will. It’s losing money with 2 pro clubs, wouldn’t think they’d be willing to subsidise loss year in year out, can see Wigan non league playing at Leigh sports village. Quote Link to comment Share on other sites More sharing options...
Leyther_Matt Posted August 8, 2020 Share Posted August 8, 2020 23 minutes ago, Mounts Kipper said: It’s losing money with 2 pro clubs, wouldn’t think they’d be willing to subsidise loss year in year out, can see Wigan non league playing at Leigh sports village. The council will ensure the stadium remains at all costs. I’d also be very sceptical about the losses posted given the intertwining nature of the stadium company and the football club. Run properly - and getting the rugby back onside for the offices and bar revenue - and it won’t be an issue. If nothing else, I really don’t see it being an attractive side for any other potential buyer. Would be a massive gambler for a housing developer given the size of the site, a significant proportion of the site being a flood plain for the river and whatever chemicals are lurking underneath from when it was a tip. Quote Link to comment Share on other sites More sharing options...
Popeye doyle Posted August 8, 2020 Share Posted August 8, 2020 Wigan I gather haven't paid July's salaries yet. If they don't pay their players then as we know they can clear off for nothing after 2 weeks. But they need to sell players to pay salaries and outstanding creditors. They owe £6 million to football creditors and £1.5 million to non football creditors currently. If they don't pay 25p in the pound to the non football creditors they get hit with a further 15 point deduction. In the meantime no buyer is stumping up £100k to look at the books unless there is something happening and the administrators aren't saying. Is it possible that their situation looks worse than ours did? who has the bragging rights that what I want to know. Quote Link to comment Share on other sites More sharing options...
Benny The Ball Posted August 8, 2020 Share Posted August 8, 2020 1 hour ago, Casino said: Who would buy the stadium Rugby cant afford it Rugby cant afford it when its valued at £25 million or whatever it's on the books at Don't know the exact figures but lets suppose they ( Wigan Warriors ) pay £600k per annum as rent to the football club Put in a silly offer of say £3 million ( 5 years rent ) to the administrator and they have potentially got a rent free home for life - just got to repay the borrowings to purchase it Wigan council own the freehold and have covenants in place saying site cannot be used for retail / residential development - am sure no wigan council would politically ever want to overturn that There's not many people in the market for a Sports stadium in Wigan so its very much buyers market Am sure between Rugby club and Council they'll cobble a deal together - assuming no one comes in shortly to save the football club Quote Link to comment Share on other sites More sharing options...
snowball Posted August 8, 2020 Share Posted August 8, 2020 Whats that i can hear? The sound of inevitatability. Just like the Bury situation Tick Tock Quote Link to comment Share on other sites More sharing options...
Site Supporter Biggish Dave Posted August 8, 2020 Site Supporter Share Posted August 8, 2020 Nobody will pay the £100k until there’s at least that amount per week off the current wage bill with close on £10m in in transfer fees to cover immediate debts. That means around 6 first team players gone and quickly Tick tock indeed Quote Link to comment Share on other sites More sharing options...
Ani Posted August 8, 2020 Share Posted August 8, 2020 (edited) 23 minutes ago, Biggish Dave said: Nobody will pay the £100k until there’s at least that amount per week off the current wage bill with close on £10m in in transfer fees to cover immediate debts. That means around 6 first team players gone and quickly Tick tock indeed FV were confirmed as preferred bidders 1st July and deal was done last week of August. https://www.bbc.co.uk/sport/football/48906359 Wigan have about a month to get people interested in buying the club, pay the fee to see the books , analyse the books, make a bid , become preferred bidders and then do what we did in 2 months. We also had people in the bid already involved in the club and prepared to put money in the club. The EFL got battered for allowing us to start the season so likely to be less flexible. I have no idea how they can possibly be ready for the season. Edited August 8, 2020 by Ani Quote Link to comment Share on other sites More sharing options...
Marc505 Posted August 8, 2020 Share Posted August 8, 2020 I dont think they're in as much peril as Wigan are but it sounds like Charlton are in turmoil again too. This game is shagged. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.