Andy Gee Posted August 14, 2020 Share Posted August 14, 2020 7 hours ago, Johnnyrotten said: They've sold Chey Dunkley to Sheff Wed, "undisclosed". From one points deduction to another... Think he was a free agent so unfortunately they didn't get any money for him. Quote Link to comment Share on other sites More sharing options...
kent_white Posted August 14, 2020 Share Posted August 14, 2020 10 hours ago, Traf said: If had £100k to spare, I'd sign the exclusivity clause and drag the fucker out until withdrawing at the last minute. Justgiving page, anyone? 😂 I'm in! Quote Link to comment Share on other sites More sharing options...
tomski Posted August 14, 2020 Share Posted August 14, 2020 11 hours ago, Traf said: If had £100k to spare, I'd sign the exclusivity clause and drag the fucker out until withdrawing at the last minute. Justgiving page, anyone? Save your money pal. Won’t be needed. They’ll be going to the wall Quote Link to comment Share on other sites More sharing options...
Benny The Ball Posted August 14, 2020 Share Posted August 14, 2020 Just now, tomski said: Save your money pal. Won’t be needed. They’ll be going to the wall I much prefer the terminology used by the admin chap in a press interview earlier this week We either bury or save them - Gerald Krasner Joint Administrator Apparently its a new term in the Insolvency Practitioners Handbook - To 'Bury' ~ Definition ~ (In common use since 2019) ~ Process by which a poorly supported Football League Team enters administration and is then subsequently liquidated and removed from the League. Commonly associated with Football Clubs whose Supporters consider themselves to be rivals of Bolton Wanderers Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted August 14, 2020 Moderators Share Posted August 14, 2020 Ive probably read too much of their mongy site, but if you look at the picture they paint Playing assets are significantly greater than liabilities (probably need to disregard the pesky 25 million loan owed to hong kong phooey but thats what they seem to be doing) Why wouldnt somebody, say whelan even, take it on and flog the assets Then put em back in admin, if necessary Quote Link to comment Share on other sites More sharing options...
Site Supporter Biggish Dave Posted August 14, 2020 Site Supporter Share Posted August 14, 2020 40 minutes ago, Casino said: Ive probably read too much of their mongy site, but if you look at the picture they paint Playing assets are significantly greater than liabilities (probably need to disregard the pesky 25 million loan owed to hong kong phooey but thats what they seem to be doing) Why wouldnt somebody, say whelan even, take it on and flog the assets Then put em back in admin, if necessary Probably because by the time they pay to take it on, the club are still going to have to try and massively reduce overheads especially in L1 with the salary cap, other clubs know this therefore their 'assets' are worth nothing like as much as they think. If they aren't gone by October, they are stuck with them for a few more months while say peg leg has to prop them up. Oh, and at the end, peg leg then has to pay to put the club back in admin. Hell of a lot of pissing about for something which might not even get to a break even point. You've pretty much answered your own question in the 1st sentence. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted August 14, 2020 Moderators Share Posted August 14, 2020 cheers, anyroad I must say, robinson who is a tremendous athlete but not a full back in the memory of man, going from 10 million to 2 million in a matter of months is fantastic to see Quote Link to comment Share on other sites More sharing options...
meanderson93 Posted August 14, 2020 Share Posted August 14, 2020 Just now, Casino said: cheers, anyroad I must say, robinson who is a tremendous athlete but not a full back in the memory of man, going from 10 million to 2 million in a matter of months is fantastic to see Feel for the lad on a personal level though. Gone from flying up a Milan wing whipping in crosses to Zlatan, to feeding an overlapping Chris Basham in the pissing rain. Quote Link to comment Share on other sites More sharing options...
tomski Posted August 14, 2020 Share Posted August 14, 2020 1 hour ago, Benny The Ball said: I much prefer the terminology used by the admin chap in a press interview earlier this week We either bury or save them - Gerald Krasner Joint Administrator Apparently its a new term in the Insolvency Practitioners Handbook - To 'Bury' ~ Definition ~ (In common use since 2019) ~ Process by which a poorly supported Football League Team enters administration and is then subsequently liquidated and removed from the League. Commonly associated with Football Clubs whose Supporters consider themselves to be rivals of Bolton Wanderers Haha Quote Link to comment Share on other sites More sharing options...
emus wig Posted August 14, 2020 Share Posted August 14, 2020 I’m not getting my hopes up yet I’ve got this horrible feeling some one is going to come in at the last minute and save them 😐 Hopefully it will be Kenny 2 tank tops 🤡 Quote Link to comment Share on other sites More sharing options...
Popeye doyle Posted August 14, 2020 Share Posted August 14, 2020 14 minutes ago, emus wig said: I’m not getting my hopes up yet I’ve got this horrible feeling some one is going to come in at the last minute and save them 😐 Hopefully it will be Kenny 2 tank tops 🤡 I know what you mean, the bunting isn't going up yet. Logic says with the current state of play they won't get a buyer but apart from Bury clubs more often than not do tend to survive somehow. Quote Link to comment Share on other sites More sharing options...
Traf Posted August 14, 2020 Share Posted August 14, 2020 4 hours ago, meanderson93 said: Feel for the lad on a personal level though. Gone from flying up a Milan wing whipping in crosses to Zlatan, to feeding an overlapping Chris Basham in the pissing rain. fuck him. Quote Link to comment Share on other sites More sharing options...
DomRepWanderer Posted August 14, 2020 Share Posted August 14, 2020 Harry Robinson @RobboHarry · 12m Wigan's owed amount to creditors is totalled at £45,712,567. Major creditors: Next Leader Fund - £25.3m Wigan Athletic Holdings - £10.7m HMRC - £2.8m EFL - £2m Quote Link to comment Share on other sites More sharing options...
Site Supporter MickyD Posted August 14, 2020 Site Supporter Share Posted August 14, 2020 https://www.timeanddate.com/countdown/soccer?iso=20200831T00&p0=302&msg=Wigan+go+pop!&ud=2&font=cursive Quote Link to comment Share on other sites More sharing options...
masi 51 Posted August 14, 2020 Share Posted August 14, 2020 Nobody but nobody are saving them if that is correct Quote Link to comment Share on other sites More sharing options...
Matt Lofthouse Posted August 14, 2020 Share Posted August 14, 2020 1 hour ago, DomRepWanderer said: Harry Robinson @RobboHarry · 12m Wigan's owed amount to creditors is totalled at £45,712,567. Major creditors: Next Leader Fund - £25.3m Wigan Athletic Holdings - £10.7m HMRC - £2.8m EFL - £2m Keep selling £1m strikers, soon be there pies. Quote Link to comment Share on other sites More sharing options...
RUREADY2ROLL Posted August 14, 2020 Author Share Posted August 14, 2020 53 minutes ago, Matt said: Keep selling £1m strikers, soon be there pies. Latics Speyk site is in meltdown Quote Link to comment Share on other sites More sharing options...
Benny The Ball Posted August 14, 2020 Share Posted August 14, 2020 2 hours ago, masi 51 said: Nobody but nobody are saving them if that is correct Not necessarily , If a buyer does come forward So long as all the Football Creditors are paid off , surely all this means is that , whilst nobody in their right mind will offer to pay 25p in the pound in respect of all the other creditors, whatever is offered means they will now inevitably start next season on -15 points. Quote Link to comment Share on other sites More sharing options...
Mantra Posted August 14, 2020 Share Posted August 14, 2020 5 minutes ago, Benny The Ball said: Not necessarily , If a buyer does come forward So long as all the Football Creditors are paid off , surely all this means is that , whilst nobody in their right mind will offer to pay 25p in the pound in respect of all the other creditors, whatever is offered means they will now inevitably start next season on -15 points. So in theory, they just pay off whatever football debts they owe - say 10 million - then can they just pay nothing to unsecured creditors if they want because anything under 25% will get them minus 15 pts? Or is that not how it works? My understanding is EFL want them to pay 25% but legally is there a minimum you have to pay creditors to exit admin? They have to make a CVA right, then all the creditors have to accept it? And if they don't accept? Sorry I'm not clued up on this stuff. Quote Link to comment Share on other sites More sharing options...
Popeye doyle Posted August 14, 2020 Share Posted August 14, 2020 16 minutes ago, Benny The Ball said: Not necessarily , If a buyer does come forward So long as all the Football Creditors are paid off , surely all this means is that , whilst nobody in their right mind will offer to pay 25p in the pound in respect of all the other creditors, whatever is offered means they will now inevitably start next season on -15 points. Realistically then buyers are looking at buying a 2nd division club. Quote Link to comment Share on other sites More sharing options...
Escobarp Posted August 14, 2020 Share Posted August 14, 2020 31 minutes ago, Popeye doyle said: Realistically then buyers are looking at buying a 2nd division club. With a shit fan base even at championship level. They’re fucked. Quote Link to comment Share on other sites More sharing options...
masi 51 Posted August 14, 2020 Share Posted August 14, 2020 1 hour ago, Benny The Ball said: Not necessarily , If a buyer does come forward So long as all the Football Creditors are paid off , surely all this means is that , whilst nobody in their right mind will offer to pay 25p in the pound in respect of all the other creditors, whatever is offered means they will now inevitably start next season on -15 points. Could buy into that before the pandemic. Not happening and as we know the Administration fees are rising daily. They wont be the last this year. Quote Link to comment Share on other sites More sharing options...
Matt Lofthouse Posted August 14, 2020 Share Posted August 14, 2020 40 minutes ago, masi 51 said: They wont be the last this year. If I’m being picky, I’ll have Blackburn next pretty please. Quote Link to comment Share on other sites More sharing options...
stevieb Posted August 14, 2020 Share Posted August 14, 2020 1 hour ago, masi 51 said: They wont be the last this year. It should be a war of attrition this year I reckon. If you have funds to survive the season you could have 3 per league getting docked points at some stage. As long as the EFL don't start being soft. Quote Link to comment Share on other sites More sharing options...
snowball Posted August 14, 2020 Share Posted August 14, 2020 Seems Whelan not blameless after all -his loans being leveraged against the club .So his loan paid by the club in the form of a loan from IEC if thats right? Which now needs repaying to IEC. explodes the myth of the "well run little club" they are fucked basically Quote Link to comment Share on other sites More sharing options...
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