They have loved our demise now the boot is on the other foot; HA HA HA

Edited February 17, 20215 yr by Casino

Are nt we under an embargo still ? Thought we were ? 
 

which capped salaries ? 

Yes

And working within it

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

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

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

3 minutes ago, Leyther_Matt said:

Cod Army init

Back of the net

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

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.

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 😁

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. 

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

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?

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 

 

 

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?

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 

34 minutes ago, Casino said:

Who would buy the stadium

Rugby cant afford it 

Council can and will. 

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. 

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. 

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.

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

 

 

 

Whats that i can hear? The sound of inevitatability. Just like the Bury situation

Tick Tock 

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

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, 20205 yr by Ani

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.

The Charlton stuff is bizarre. The bloke who has been propping the money up to keep them going wasn’t actually sold the club in the end.