Dr. Feelgood Posted January 20, 2021 Share Posted January 20, 2021 Reading more into this Frampton guy. He's a Wigginer but based in Hong Kong for 15 years. You'd think they'd be suspicious of Chinese money right now but .... He's a RU fan & a Chelsea supporter too. He teamed up with a guy called Jeffries and has wooed the town by not keeping himself to just the Ticks but biggest town developments on an infeasible scale. New Hospital, new hotels, new roads, a monorail for the town, a sliding roof for the stadium, a 'guarentee' of the club returning to the Premiership and much else. All in the pending Covid-druven recession. However he never quite showed proof of funding. Funny that. Quote Link to comment Share on other sites More sharing options...
Traf Posted January 20, 2021 Share Posted January 20, 2021 Quote Link to comment Share on other sites More sharing options...
Dr. Feelgood Posted January 20, 2021 Share Posted January 20, 2021 (edited) What is needed by now is £3m x 2 to buy and guarantee covering running costs for 2 years. £3m for all the Admin & legal costs. Whatever it takes to get them functioning. So, a minimum of £9m+ & that would have them as a Div4 team realistically. Not huge in real terms. But it's needed damn quick. The Admins, once they finish bleeding them dry should soon have to call in Liquidators. Within the month tbh. It would take longer than that for any bidder to be "fit & propered" by the authorities. The EFL have been very indulgent so far but can't keep kicking the can down the road. Edited January 20, 2021 by Dr. Feelgood Quote Link to comment Share on other sites More sharing options...
Benny The Ball Posted January 20, 2021 Share Posted January 20, 2021 2 hours ago, Dr. Feelgood said: Reading more into this Frampton guy. He's a Wigginer but based in Hong Kong for 15 years. You'd think they'd be suspicious of Chinese money right now but .... He's a RU fan & a Chelsea supporter too. He teamed up with a guy called Jeffries and has wooed the town by not keeping himself to just the Ticks but biggest town developments on an infeasible scale. New Hospital, new hotels, new roads, a monorail for the town, a sliding roof for the stadium, a 'guarentee' of the club returning to the Premiership and much else. All in the pending Covid-druven recession. However he never quite showed proof of funding. Funny that. Just been confirmed that Frampton is no longer in the running Not sure in reality he ever was article refers to Admins needing money to pay February wages - so clock is very much ticking Still reckon they'll be saved https://www.wigantoday.net/sport/football/frampton-group-out-wigan-athletic-takeover-race-3106478 Quote Link to comment Share on other sites More sharing options...
Dr. Feelgood Posted January 20, 2021 Share Posted January 20, 2021 28 minutes ago, Benny The Ball said: Still reckon they'll be saved. So do I, regrettably. Quote Link to comment Share on other sites More sharing options...
Popeye doyle Posted January 20, 2021 Share Posted January 20, 2021 I have no idea whether they'll be saved but the longer this goes on the less likely it is to happen. No news is good news as they say. Quote Link to comment Share on other sites More sharing options...
nantwichwhite Posted January 20, 2021 Share Posted January 20, 2021 dragged on a long time, if they can't pay the wages, what else are they not paying. When will HMRC come knocking on the door??? Quote Link to comment Share on other sites More sharing options...
RUREADY2ROLL Posted January 20, 2021 Author Share Posted January 20, 2021 6 minutes ago, nantwichwhite said: dragged on a long time, if they can't pay the wages, what else are they not paying. When will HMRC come knocking on the door??? The pandemic is saving them like many other failed businesses at the moment Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted January 20, 2021 Site Supporter Share Posted January 20, 2021 27 minutes ago, RUREADY2ROLL said: The pandemic is saving them like many other failed businesses at the moment Players still need paying. No money, no wages and they can do one as we experienced. Quote Link to comment Share on other sites More sharing options...
Underpants Posted January 20, 2021 Share Posted January 20, 2021 (edited) When all this started I was almost certain somehow they would be saved. But it was an opportunity I could not refuse by taking the piss out of them. Went on WiganWays laughing, and i fed the Wigan fan I know spoonfuls of patronising concern. Now I'm not as confident as I was that they will be saved. I know how I felt when we went through our troubles. I'll say it again, outside problems with family & friends it was the worst feelings I ever had. I hope their roller-coaster of emotions are the same. Still think they will come out of it. But only by the skin of their teeth. #J&IC Edited January 20, 2021 by Underpants Quote Link to comment Share on other sites More sharing options...
Johnnyrotten Posted January 20, 2021 Share Posted January 20, 2021 1 hour ago, Underpants said: When all this started I was almost certain somehow they would be saved. But it was an opportunity I could not refuse by taking the piss out of them. Went on WiganWays laughing, and i fed the Wigan fan I know spoonfuls of patronising concern. Now I'm not as confident as I was that they will be saved. I know how I felt when we went through our troubles. I'll say it again, outside problems with family & friends it was the was feelings I ever had. I hope their roller-coaster of emotions are the same. Still think they will come out of it. But only by the skin of their teeth. #J&IC I'll never forget the first time we were in court facing liquidation, I was in Krakow on a break with the Mrs and to say my mind was elsewhere was an understatement. Trying to "enjoy" the tourism whilst looking for the minute by minute Twitter updates. And so it went on for months after. So grateful to have come out the other side of that, touch wood and all that. Quote Link to comment Share on other sites More sharing options...
Andy Gee Posted January 20, 2021 Share Posted January 20, 2021 Interested in signing Zach Clough, don't know how they are going to pay his wages. Quote Link to comment Share on other sites More sharing options...
Site Supporter MickyD Posted January 20, 2021 Site Supporter Share Posted January 20, 2021 4 hours ago, Tonge moor green jacket said: Players still need paying. No money, no wages and they can do one as we experienced. I must be tired. I read this as, “Prayers still need praying.” Not in this church! 🤣🤣🤣🤣 Quote Link to comment Share on other sites More sharing options...
Site Supporter victor meldrew Posted January 20, 2021 Site Supporter Share Posted January 20, 2021 16 minutes ago, MickyD said: I must be tired. I read this as, “Prayers still need praying.” Not in this church! 🤣🤣🤣🤣 did you say it with a chinese accent Quote Link to comment Share on other sites More sharing options...
paulhanley Posted January 20, 2021 Share Posted January 20, 2021 Comments about interest from HMRC and/or non-payment of wages will be the real red flag here. On the former the pandemic is certainly helping them. If they do survive the ideal would be for a further points deduction to be incurred at some point. The more harm is inflicted the more they'll be vulnerable the next time we play them. Which may well be next season. Quote Link to comment Share on other sites More sharing options...
Dr Faustus Posted January 20, 2021 Share Posted January 20, 2021 3 hours ago, victor meldrew said: did you say it with a chinese accent Funder onwy happens when it's waining Quote Link to comment Share on other sites More sharing options...
Moderators Horwich Posted January 21, 2021 Moderators Share Posted January 21, 2021 Have they been flushed yet? Quote Link to comment Share on other sites More sharing options...
Benny The Ball Posted January 22, 2021 Share Posted January 22, 2021 (edited) Administrators have Issued an Update They no longer have the 11 interested parties - up to 14 now !! 4 have shown proof of funds , and interestingly they are confirming Frampton has gone because he did not show them proof of funds https://wiganathletic.com/news/2021/january/Statement-from-the-Joint-Administrators-22-01-21-/ Edited January 22, 2021 by Benny The Ball Quote Link to comment Share on other sites More sharing options...
tomski Posted January 22, 2021 Share Posted January 22, 2021 Translates as to no one has bid in reality Quote Link to comment Share on other sites More sharing options...
Burndens Bogs Posted January 22, 2021 Share Posted January 22, 2021 28 minutes ago, tomski said: Translates as to no one has bid in reality No one has paid the money, apart from the Spaniards - and they've fucked off now, Quote Link to comment Share on other sites More sharing options...
Dr. Feelgood Posted January 22, 2021 Share Posted January 22, 2021 19 minutes ago, Burndens Bogs said: No one has paid the money, apart from the Spaniards - and they've fucked off now, Any approved bids have to be reviewed, assessed by tbe Admins. A deposit laid. Then the chosen one(s) given full access to review the club & then make a firm bid. That has to meet very considerable costs. Ones that fit the bill sent to the EFL for their weird approval process. This will take ages. During which the bidders may pull out ... as the Spaniards did. Meanwhile, costs rack up. Plus the players & suppliers need paying, effectively in cash. This cannot possible be achieved in any workable timeframe. Most of these 14 will be tyre kickers, or won't be really able to fund their bid. Quote Link to comment Share on other sites More sharing options...
DomRepWanderer Posted January 22, 2021 Share Posted January 22, 2021 If I win the Euro lotto, I'll buy them, then fold them the next day.....twats Quote Link to comment Share on other sites More sharing options...
tomski Posted January 22, 2021 Share Posted January 22, 2021 32 minutes ago, DomRepWanderer said: If I win the Euro lotto, I'll buy them, then fold them the next day.....twats Haha give the ground to Leigh hornets as a final nail in the coffin Quote Link to comment Share on other sites More sharing options...
Dr. Feelgood Posted January 22, 2021 Share Posted January 22, 2021 3 hours ago, DomRepWanderer said: If I win the Euro lotto, I'll buy them, then fold them the next day.....twats Which is almost what the last owner did, God bless him. Quote Link to comment Share on other sites More sharing options...
Escobarp Posted January 23, 2021 Share Posted January 23, 2021 Only 5 subs today for these men. Must be wafer thin that squad now. Quote Link to comment Share on other sites More sharing options...
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