Leyther_Matt Posted July 9, 2020 Share Posted July 9, 2020 Just now, Casino said: Im detecting a fair degree of sympathy in this mons posts on the thread Suppose it was to be expected from our wigan correspondent No sympathy for the fans, but I spent 10 years working alongside several people who have been made redundant so I’d be a bit of a prick if I didn’t feel for them on a more personal level. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 9, 2020 Moderators Share Posted July 9, 2020 bloody hell, it must be a leigh thing Mr Grey is at best pink and youve come out as a wigan fan deary me Quote Link to comment Share on other sites More sharing options...
Escobarp Posted July 9, 2020 Share Posted July 9, 2020 (edited) 1 hour ago, Leyther_Matt said: Thing is that they were pretending that they were selling it to a different person altogether who doesn’t actually exist Is this definitely true ? I haven’t looked for a few days. But I thought I saw it had been sold to a company and the majority shareholder of that company was the same guy who already owned it? I may have been hallucinating of course as it was daft o’clock. I will have a look again later just checked and companies house has been updated. I cannot still see that this guy doesn’t exist. I think that’s nonsense. May well be a crook but I can’t see that he doesn’t exist Edited July 9, 2020 by Escobarp Quote Link to comment Share on other sites More sharing options...
ZiggyStardust Posted July 9, 2020 Share Posted July 9, 2020 1 hour ago, Ani said: I think there was a point made on TV the other day that no takeover has ever been stopped by ‘fit and Proper’ tests. Not sure if true. But if you are saying EFL approve people as the only show in town the test is pointless. But like saying ok to get in a car with a pissed driver as no one else offered you a lift. Didnt Bassini fail the F&P test ? Quote Link to comment Share on other sites More sharing options...
Escobarp Posted July 9, 2020 Share Posted July 9, 2020 2 minutes ago, ZiggyStardust said: Didnt Bassini fail the F&P test ? No he was asked to provide more proof of funding if he had anything but a letter on some scrap paper from david Sullivan (allegedly) we wouldn’t be looking forward to a bright future as a football club. It was that close Quote Link to comment Share on other sites More sharing options...
ZiggyStardust Posted July 9, 2020 Share Posted July 9, 2020 9 minutes ago, Escobarp said: No he was asked to provide more proof of funding if he had anything but a letter on some scrap paper from david Sullivan (allegedly) we wouldn’t be looking forward to a bright future as a football club. It was that close SO the EFL wouldnt allow the sale because he couldnt prove funding. Whereas the fit and proper test includes the ability to prove funding. Not sure what the difference is myself. Quote Link to comment Share on other sites More sharing options...
Escobarp Posted July 9, 2020 Share Posted July 9, 2020 (edited) 7 minutes ago, ZiggyStardust said: SO the EFL wouldnt allow the sale because he couldnt prove funding. Whereas the fit and proper test includes the ability to prove funding. Not sure what the difference is myself. Does it? Must be a different fit and proper test I’m thinking of then never mind SO only reference I can find in it that could even be anywhere realistically linked to your point is 3.5b but I’m not quite sure what It means if I’m totally honest Edited July 9, 2020 by Escobarp Quote Link to comment Share on other sites More sharing options...
Ani Posted July 9, 2020 Share Posted July 9, 2020 34 minutes ago, ZiggyStardust said: SO the EFL wouldnt allow the sale because he couldnt prove funding. Whereas the fit and proper test includes the ability to prove funding. Not sure what the difference is myself. Fit and proper means you are not a cunt. funding means you have enough money to fund club I think for 2 years. You can pass one without the other. Bassini was rumoured to be ok to pass fit and proper as his previous exclusion and bankruptcies had been discharged/expired. Thinking about it it might have been in relation to the Newcastle takeover I heard that story so Premier League rather than EFL. As Mentioned in this thread definition of fit and proper seems to depend on financial plight of the club concerned. ‘Yes let Uncle Jimmy babysit the kids no one else is available. ‘ Quote Link to comment Share on other sites More sharing options...
ZiggyStardust Posted July 9, 2020 Share Posted July 9, 2020 Quote "We at the EFL have a process that we need to go into any time there is a change of control at any club - not just one that has been categorised as being in crisis. "We need to ensure that the incoming owners or those going to be responsible are able to pass our owners and directors test. Ultimately, (we check) the principles behind a takeover have got the sufficiency of funds to keep the club going and we are comfortable with where those funds are coming from." Ken's pal, Shaun Harvey. Not that I believe that they actually enforce it like. Quote Link to comment Share on other sites More sharing options...
birch-chorley Posted July 9, 2020 Share Posted July 9, 2020 38 minutes ago, Ani said: ‘Yes let Uncle Jimmy babysit the kids no one else is available. ‘ Not quite the right example It’s more a case of, let uncle Jimmy save the kids from drowning or let them drown instead Clearly this isn’t always the case, but I doubt Ken would have got the green light to take over at our place given his previous if the situation wasn’t dire Besides, in Wigan’s case, putting hindsight to one side, was anyone flagging this lot up as not being either fit or proper? I don’t recall hearing any complaints at the time. Financially speaking they tipped up with £40m up front and have been covering £1m a months losses for a sustained period. Way beyond what our current / previous owners have put in cash wise Quote Link to comment Share on other sites More sharing options...
Members Rudy Posted July 9, 2020 Members Share Posted July 9, 2020 Fit and proper You have to be able to trade as a business owner Not guilty of money laundering , fraud etc Not Disqualified as a company director Provide proof of running funds for 2 years. Thats it. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 9, 2020 Moderators Share Posted July 9, 2020 Obvious question...where was the proof of 2 years funding? Quote Link to comment Share on other sites More sharing options...
Leyther_Matt Posted July 9, 2020 Share Posted July 9, 2020 2 hours ago, Escobarp said: Is this definitely true ? I haven’t looked for a few days. But I thought I saw it had been sold to a company and the majority shareholder of that company was the same guy who already owned it? I may have been hallucinating of course as it was daft o’clock. I will have a look again later just checked and companies house has been updated. I cannot still see that this guy doesn’t exist. I think that’s nonsense. May well be a crook but I can’t see that he doesn’t exist I’m far from an expert and presumably it is because he’s had no previous involvement in the UK, but the only things listed on Companies House for Au Yeung Wai Kay are Wigan related. Nothing comes up for him on Google pre-takeover. Like nothing at all. The money he used to buy the club was loaned by the previous owners at a high interest rate which is a little odd for what was put forward as a new ownership (the one from the previous ownership was conveniently delisted from the company taking over). One for the forensic financial types which it definitely isn’t me anyway. A good number of their fans and Whelan can fuck off anyway. Quote Link to comment Share on other sites More sharing options...
Burndens Bogs Posted July 9, 2020 Share Posted July 9, 2020 (edited) 44 minutes ago, Leyther_Matt said: A good number of their fans and Whelan can fuck off anyway. A good number?? - They can ALL Fuck off Edited July 9, 2020 by Burndens Bogs Quote Link to comment Share on other sites More sharing options...
Escobarp Posted July 9, 2020 Share Posted July 9, 2020 1 hour ago, Rudy said: Fit and proper You have to be able to trade as a business owner Not guilty of money laundering , fraud etc Not Disqualified as a company director Provide proof of running funds for 2 years. Thats it. Doesn’t specify the 2 years proof of funds. Jsl Quote Link to comment Share on other sites More sharing options...
tomski Posted July 9, 2020 Share Posted July 9, 2020 1 hour ago, Casino said: Obvious question...where was the proof of 2 years funding? I’d imagine this becomes less imperative the more desperate the situation commands. Quote Link to comment Share on other sites More sharing options...
Jol_BWFC Posted July 9, 2020 Share Posted July 9, 2020 1 hour ago, Casino said: Obvious question...where was the proof of 2 years funding? He / they may be minted, but decided against putting any money into the club. I can afford to buy a car on finance and could prove funds. Doesn’t stop me cancelling my direct debit and not paying a penny, if I was so inclined. Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 9, 2020 Moderators Share Posted July 9, 2020 Mr grey, he doth protest too much What colour do you get when you mix blue white and red? Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted July 9, 2020 Moderators Share Posted July 9, 2020 2 hours ago, Rudy said: Fit and proper You have to be able to trade as a business owner Not guilty of money laundering , fraud etc Not Disqualified as a company director Provide proof of running funds for 2 years. Thats it. didn't KA fail those two based on his previous? Quote Link to comment Share on other sites More sharing options...
Members Rudy Posted July 9, 2020 Members Share Posted July 9, 2020 3 hours ago, ZicoKelly said: didn't KA fail those two based on his previous? Doesn’t mean you won’t get it, just means there are other things the FA want to see. Quote Link to comment Share on other sites More sharing options...
Members Rudy Posted July 9, 2020 Members Share Posted July 9, 2020 4 hours ago, Escobarp said: Doesn’t specify the 2 years proof of funds. Jsl Yeah it’s not specific but they should be able to say yes, we have the bunce to operate. Its all bollocks anyways, you could be a shocking business man with a bad record and it still doesn’t stop you from buying a club, they would just want measures or the right people in place to assist. If it’s a choice between a club going bust or someone not passing the test, they’re not gonna let the club go, who’s gonna ever check if they passed it Quote Link to comment Share on other sites More sharing options...
Escobarp Posted July 9, 2020 Share Posted July 9, 2020 5 minutes ago, Rudy said: Yeah it’s not specific but they should be able to say yes, we have the bunce to operate. Its all bollocks anyways, you could be a shocking business man with a bad record and it still doesn’t stop you from buying a club, they would just want measures or the right people in place to assist. If it’s a choice between a club going bust or someone not passing the test, they’re not gonna let the club go, who’s gonna ever check if they passed it I agree. I was just being a pedantic arsehole in response to other pedantic arseholes on here but not you 😁 Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted July 9, 2020 Moderators Share Posted July 9, 2020 1 hour ago, Rudy said: Doesn’t mean you won’t get it, just means there are other things the FA want to see. They should probably change the name of the test from "fit and proper" to "better than nowt?" Quote Link to comment Share on other sites More sharing options...
Members Rudy Posted July 9, 2020 Members Share Posted July 9, 2020 10 minutes ago, ZicoKelly said: They should probably change the name of the test from "fit and proper" to "better than nowt?" Can you buy the club to save the league the inconvenience of a club going bust? Welcome aboard Quote Link to comment Share on other sites More sharing options...
Moderators Zico Posted July 9, 2020 Moderators Share Posted July 9, 2020 Just now, Rudy said: Can you buy the club to save the league the inconvenience of a club going bust? Welcome aboard "Not only that, I'll let you use my restaurant for private functions at a reduced rate" Quote Link to comment Share on other sites More sharing options...
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