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

Edited February 17, 20215 yr by Casino

57 minutes ago, Benny The Ball said:

There are an awful lot of Unknowns at present - because up to date information is not in the public domain - in particular re : 

- Security and charges 

- What is the £10.7 million listed as Wigan Athletic Holdings - is it  Directors Loans / connected company loans ?  That may be challenged as may the monies owed to the owners 

The unsecured creditors are not going to accept nothing - no -  because the alternative -  liquidation and selling off the Stadium and other assets will bring in some monies for distribution to them 

What is the minimum the unsecured creditors will accept - i have no idea - each case is different -  clearly it can be less than 25p in the pound , otherwise the 15 point deduction  rule would not be there.- Presumably creditors will be guided by the administrator who will outline the alternative option - liquidation - and what they are likely to get out of that. 

Way I see it If it goes into Liquidation the only bidders for the stadium will be Wigan Rugby and the Council ( who already part own it )  - so the Administrator  needs to earn his corn this next few days and persuade them to buy it ,now ,before he takes the nuclear option ,   with an agreement for the football club to play there if it survives , that way you have at least a hope of keeping the football club alive , and the stadium proceeds will go some way to pay something significant to the unsecured creditors. 

 

 

 

 

 

 

 

 

 

 

 

 

If the money owed to holdings was directors loans it wouldn’t be listed as owed to holdings but to the directors. 
 

unsecured creditors ultimately will do what the major creditors decide. If they refuse the admins can get the courts to push through an offer despite not having agreements of all the creditors. Otherwise no deal would ever get done as there is always someone who objects and wants more. 
 

If the admins were going to challenge sums owed to creditors it would have been aired by now And they wouldn’t be listing the creditors as stands now. Plus they would have made it clear it was being challenged.

 

I Said it a few pages ago. Nobody shoves that much money in to anything if it’s not watertight and recoverable. It was only a few weeks ago folk were saying the owner didn’t actually exist 😂😂. Course he doesn’t. 

8 minutes ago, Escobarp said:

If the money owed to holdings was directors loans it wouldn’t be listed as owed to holdings but to the directors. 
 

unsecured creditors ultimately will do what the major creditors decide. If they refuse the admins can get the courts to push through an offer despite not having agreements of all the creditors. Otherwise no deal would ever get done as there is always someone who objects and wants more. 
 

If the admins were going to challenge sums owed to creditors it would have been aired by now And they wouldn’t be listing the creditors as stands now. Plus they would have made it clear it was being challenged.

 

I Said it a few pages ago. Nobody shoves that much money in to anything if it’s not watertight and recoverable. It was only a few weeks ago folk were saying the owner didn’t actually exist 😂😂. Course he doesn’t. 

How can Wigan Athletic Holdings ( one of the companies in administration ) owe money to itself ?

It must be owed outside the Group 

 

 

70 pages

Think we can consider them a rival

Though we should only admit this to them when they don't exist anymore, if we choose to admit it

Edited August 14, 20205 yr by ZicoKelly

6 minutes ago, Benny The Ball said:

How can Wigan Athletic Holdings ( one of the companies in administration ) owe money to itself ?

It must be owed outside the Group 

 

 

Sorry? I don’t quite understand?

if you’re a creditor in holdings. And holdings is owed 10m by the football club. You bet your life I want that money recovering as fully as possible to enhance my return as a creditor of holdings 

5 hours ago, Matt said:

If I’m being picky, I’ll have Blackburn next pretty please.

Much as I despise them I don't want any founding members to go under.

3 hours ago, bolty58 said:

Much as I despise them I don't want any founding members to go under.

I draw the line at Wigan, they go down in flames and I'l be satisfied. Although with the way things are going more clubs could topple.

6 hours ago, bolty58 said:

Much as I despise them I don't want any founding members to go under.

Aye I’d agree with that, I was thinking more on the lines of another administration to help plummet the club down the leagues, much like it did us.

11 hours ago, Escobarp said:

Sorry? I don’t quite understand?

if you’re a creditor in holdings. And holdings is owed 10m by the football club. You bet your life I want that money recovering as fully as possible to enhance my return as a creditor of holdings 

Sorry , I now see what you are saying . 

I was under the Impression the £45 million posted as creditors on Twitter last night  was all due to 3rd parties outside the group and did not include Inter Company balances and was trying to make sense of it

 

 

 

16 minutes ago, Benny The Ball said:

Sorry , I now see what you are saying . 

I was under the Impression the £45 million posted as creditors on Twitter last night  was all due to 3rd parties outside the group and did not include Inter Company balances and was trying to make sense of it

 

 

 

I’m not sure we can make sense of it really mate. I just see it as good news they owe so much 😁

New rumour doing the rounds from them thick twats is Jenkins the former Swansea  owner near to a deal.

1 hour ago, DomRepWanderer said:

New rumour doing the rounds from them thick twats is Jenkins the former Swansea  owner near to a deal.

Jenkins is supposedly trying to buy Charlton.

Just now, Popeye doyle said:

Jenkins is supposedly trying to buy Charlton.

That's the beauty of it, got them thick twats in a whirl, and all for nothing.

12 hours ago, bolty58 said:

Much as I despise them I don't want any founding members to go under.

Totally agree, no time for them & wouldn't mind seeing them plummet but I've always enjoyed our rivalries with them, Burnley & even Oldham.... Wigan can fuck right off though 😁

43 minutes ago, Popeye doyle said:

Jenkins is supposedly trying to buy Charlton.

Easy for the wigginers to get confused as Wigan and Charlton both end in Athletic 

20 hours ago, Escobarp said:

 

Said it a few pages ago. Nobody shoves that much money in to anything if it’s not watertight and recoverable. It was only a few weeks ago folk were saying the owner didn’t actually exist 😂😂. Course he doesn’t. 

the IEC guy is ultimately this fella

https://en.wikipedia.org/wiki/Henry_Cheng

photos and everything come up with a search balding grey haired chinese looking fella, kind dark eybrows

the new guy is apparantly this dude - https://hy-engineering.com/en/about-us/board-of-directors/16-mr-au-yeung-wai-key

i bet its a michael jackson decoy situation that got out of hand., and one of the dopelgangers stole the billionares bank book. 

the bottom pic looks like a deepfake anyway, i can tell by the pixels..

10 hours ago, Matt said:

Aye I’d agree with that, I was thinking more on the lines of another administration to help plummet the club down the leagues, much like it did us.

I’d settle for that just so Rovers fans know what it’s like to have your club under threat but no way would I actually want them to go pop. I’d have to say though that with Venkeys debts mounting up on the club and the growing headwinds being faced, you’d have to ask how long they’ll want to pour money down the drain. The only chance of ever turning it round is PL football and for that they need to invest even more. Can’t see it in the current climate and they could be one of a few who fall into admin.

Blackburn are wankers

40 minutes ago, Whitesince63 said:

I’d settle for that just so Rovers fans know what it’s like to have your club under threat but no way would I actually want them to go pop. I’d have to say though that with Venkeys debts mounting up on the club and the growing headwinds being faced, you’d have to ask how long they’ll want to pour money down the drain. The only chance of ever turning it round is PL football and for that they need to invest even more. Can’t see it in the current climate and they could be one of a few who fall into admin.

Pretty much where I stand. I’m Blackburn born and bred, can’t stand the bastards and wouldn’t want their women’s team to win a game of tiddly winks.

Dont want them to go bust though, just really shitty times and hopefully go to non league. That would be more fun.

A lot of my mates are pluckers and they knew last season they were the grace of Venkys away from being us.

Venkys will have had enough one day. If football hasn’t sorted itself by then - tick tock 

 

13 minutes ago, Biggish Dave said:

Pretty much where I stand. I’m Blackburn born and bred, can’t stand the bastards and wouldn’t want their women’s team to win a game of tiddly winks.

Dont want them to go bust though, just really shitty times and hopefully go to non league. That would be more fun.

A lot of my mates are pluckers and they knew last season they were the grace of Venkys away from being us.

Venkys will have had enough one day. If football hasn’t sorted itself by then - tick tock 

Yep, I know you hate these fuckers but it’s different to the Wigan situation.

Wigan are an upgraded club courtesy of peg leg.

Their fans have manufactured a hatred against us, so fuck ‘em.

If Venky’s pull out, Blackburn will go through some shit but hopefully they’ll survive at a lower level.
 

Then we can carry on smashing them on and off the pitch. 

 

Edited August 15, 20205 yr by Steejay

Just now, Steejay said:

Yep, I he

Yep, I know you hate these fuckers but it’s different to the Wigan situation.

Wigan are an upgraded club courtesy of peg leg.

Their fans have manufactured a hatred against us, so fuck ‘em.

If Venky’s pull out, Blackburn will go through some shit but hopefully they’ll survive at a lower level.
 

Then we can carry on smashing them on and off the pitch. 

 

Correct.

Wigan have wanted to be us for years. We’ll have that training ground. We’ll have them ex players. You want X, Y and Z? Ok, so do we. We’ll pay a bit more.

Want a dodgy owner, you got him

Want to go on the verge of not existing? You got it.

Got a wealthy fan prepared to save you at the last minute with savvy business people on board? Ah well, copy is a poor form of imitation 

The pie eaters' local press is pouring cold water on the reported figures.

 

The administrators have now said plan B if they don't find a buyer is a supporters club takeover. You can call it whatever you want but unless you find somebody with deep pockets that's not happening. 

2 minutes ago, Popeye doyle said:

The administrators have now said plan B if they don't find a buyer is a supporters club takeover. You can call it whatever you want but unless you find somebody with deep pockets that's not happening. 

It's just pie in the sky 😂

Let’s look at their better players left, say Morsy. He’s supposedly valued at what, £4m or £5m?

Clubs know they are in the shit. If the raffle goes cold for a couple of weeks, they get Morsy for £1.5m tops.

Only picked his name, the same goes for them all, 1/3 market value.

Might survive and even not go down next year but there’s along to go yet before they are out the codymuck 

 

 

 

Harry Robinson

 

@RobboHarry

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