stevieb Posted June 14, 2023 Share Posted June 14, 2023 9 minutes ago, Big E said: Why is this guy happy to take on the debt when he could be a preferred bidder in admin ? Why would he not do that. Genuine question as I think I don’t understand the process. Similar thoughts from me. Maybe he's showing interest to see what they are valuing the stadium at and has no intention of bidding for the club. Nosey fucker. Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted June 14, 2023 Site Supporter Share Posted June 14, 2023 8 hours ago, Dr. Feelgood said: I guess that's the money the club are obliged to pay, sooner or later, save for if they go into Liquidation. So there is some logic to the thinking. How long can they go though with no money? Moreover, aren't they entitled to the difference as well, upon a "going to the wall event"?. Quote Link to comment Share on other sites More sharing options...
Ani Posted June 14, 2023 Share Posted June 14, 2023 16 minutes ago, Big E said: Why is this guy happy to take on the debt when he could be a preferred bidder in admin ? Why would he not do that. Genuine question as I think I don’t understand the process. Wigan do not have massive debt. So it depends if buying upfront is easier than going through the costs and hassle of Admin. So (totally made up numbers) - If he buys the club today for £5m plus £10m debt he gets a club with no embargo and less restrictions . Plus the players are still contracted. If he waits till after Admin he still needs to buy the club so administrators have to get a good price , plus all their costs are added in, players can walk from contracts if not paid, club will be docked even more points. If you apply normal financial logic to buying a football club you would question the sanity of anyone dong it. The guy is not a WAFC fan, doubtful he is even a football fan, so very unlikely he will be thinking of chucking millions in just because they play down the road . I have no idea why he would get involved pre or post admin, said the same about FV but at least we have assets like the hotel to run alongside the football club Quote Link to comment Share on other sites More sharing options...
Ani Posted June 14, 2023 Share Posted June 14, 2023 3 minutes ago, Tonge moor green jacket said: How long can they go though with no money? Moreover, aren't they entitled to the difference as well, upon a "going to the wall event"?. Players along with HMRC are preferred creditors so pretty likely to get most if not all the money eventually. Quote Link to comment Share on other sites More sharing options...
RUREADY2ROLL Posted June 14, 2023 Share Posted June 14, 2023 According to some sports journalists Wigan are in the hunt for some players who are available; how can this be the case if they can’t even afford wages? please kick them out the league Quote Link to comment Share on other sites More sharing options...
Marc505 Posted June 14, 2023 Share Posted June 14, 2023 (edited) Sounding like Reading might be in bother again too. Edited June 14, 2023 by Marc505 Quote Link to comment Share on other sites More sharing options...
Dr. Feelgood Posted June 14, 2023 Share Posted June 14, 2023 1 hour ago, Tonge moor green jacket said: How long can they go though with no money? Moreover, aren't they entitled to the difference as well, upon a "going to the wall event"?. The distinction is between going into Admin & being liquidated. If it's the latter then all bets are off. Quote Link to comment Share on other sites More sharing options...
W.cramp Posted June 14, 2023 Share Posted June 14, 2023 1 hour ago, RUREADY2ROLL said: According to some sports journalists Wigan are in the hunt for some players who are available; how can this be the case if they can’t even afford wages? please kick them out the league Lazy summer journalism. Quote Link to comment Share on other sites More sharing options...
Site Supporter Cheese Posted June 14, 2023 Site Supporter Share Posted June 14, 2023 1 hour ago, Marc505 said: Sounding like Reading might be in bother again too. We are so incredibly lucky to have Sharon Brittan and Football Ventures. Thank fuck we didn't get bailed out by some foreign money launderer. 🙏 Quote Link to comment Share on other sites More sharing options...
Duck Egg Posted June 14, 2023 Share Posted June 14, 2023 I'm already resigned to these c*nts getting away with it again and probably coming back stronger but all their worry and speculation is making for a good summer! Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted June 14, 2023 Share Posted June 14, 2023 44 minutes ago, Dr. Feelgood said: The distinction is between going into Admin & being liquidated. If it's the latter then all bets are off. I cannot see liquidation, cannot see Danson chucking big money at it, think he will cover current liabilities then try to run them on a sustainable level. Quote Link to comment Share on other sites More sharing options...
barrycowdrill Posted June 14, 2023 Share Posted June 14, 2023 58 minutes ago, Duck Egg said: I'm already resigned to these c*nts getting away with it again and probably coming back stronger but all their worry and speculation is making for a good summer! Absolutely. This Danson fella is currently their only option but appears to be progressing well allegedly now has agreements with some senior players not to walk on Friday and wages will be sorted when the sale is complete unless there is something hiding away he’s not yet been scared off. Quote Link to comment Share on other sites More sharing options...
Whitesince63 Posted June 14, 2023 Share Posted June 14, 2023 1 hour ago, barrycowdrill said: Absolutely. This Danson fella is currently their only option but appears to be progressing well allegedly now has agreements with some senior players not to walk on Friday and wages will be sorted when the sale is complete unless there is something hiding away he’s not yet been scared off. It still doesn’t add up to me why Danson has suddenly had a conversion to wanting to own a football club rather than invest more in the rugby side. It’s not as if Wigan are ever going to be profitable and if he has aspirations of PL one day then he must know that it’s going to cost him millions to fund it. Is he really going to buy Latics just for them to survive “sustainably” in the lower leagues? Maybe he is but I just can’t see why unless he can offset losses from his other businesses in there? Quote Link to comment Share on other sites More sharing options...
Leyther_Matt Posted June 14, 2023 Share Posted June 14, 2023 2 minutes ago, Whitesince63 said: It still doesn’t add up to me why Danson has suddenly had a conversion to wanting to own a football club rather than invest more in the rugby side. It’s not as if Wigan are ever going to be profitable and if he has aspirations of PL one day then he must know that it’s going to cost him millions to fund it. Is he really going to buy Latics just for them to survive “sustainably” in the lower leagues? Maybe he is but I just can’t see why unless he can offset losses from his other businesses in there? Investing more in the rugby side is effectively what he is doing by taking ownership of the stadium so that they can expand the income streams. They’re already at the maximum salary cap so throwing money at the team isn’t an option - any further investment is essentially just a means of becoming more profitable, and owning the stadium would be dead centre of that plan. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted June 14, 2023 Share Posted June 14, 2023 4 minutes ago, Leyther_Matt said: Investing more in the rugby side is effectively what he is doing by taking ownership of the stadium so that they can expand the income streams. They’re already at the maximum salary cap so throwing money at the team isn’t an option - any further investment is essentially just a means of becoming more profitable, and owning the stadium would be dead centre of that plan. The more profitable bit falls down when money will always be required to support the football side of things. Quote Link to comment Share on other sites More sharing options...
Marc505 Posted June 14, 2023 Share Posted June 14, 2023 2 hours ago, Cheese said: We are so incredibly lucky to have Sharon Brittan and Football Ventures. Thank fuck we didn't get bailed out by some foreign money launderer. 🙏 So thankful. I think the same every time I read an article about her/FV and any time I see something about another club in bother. The envy of many clubs I should think. Quote Link to comment Share on other sites More sharing options...
Members DazBob Posted June 14, 2023 Members Share Posted June 14, 2023 If the football club own the stadium then surely it's in the egg chasing club's interests to stop them from being liquidated, but of course it would need to be financially viable for them to do so. Hopefully one of the egg chasers takes them over and makes them run within their means, which we all know means they'll have a tiny budget every season for the foreseeable and we can enjoy watching them slide further and further down the pyramid. Quote Link to comment Share on other sites More sharing options...
Roger_Dubuis Posted June 14, 2023 Share Posted June 14, 2023 1 hour ago, barrycowdrill said: Absolutely. This Danson fella is currently their only option but appears to be progressing well allegedly now has agreements with some senior players not to walk on Friday and wages will be sorted when the sale is complete If they keep their squad together I would expect them to win the play offs if they aren't in the top two.The 8 point deduction should go to 12 but their squad is at least than many points better than Bolton's in my opinion. Quote Link to comment Share on other sites More sharing options...
Site Supporter Biggish Dave Posted June 14, 2023 Site Supporter Share Posted June 14, 2023 Here fishy fishy fishy Quote Link to comment Share on other sites More sharing options...
Roger_Dubuis Posted June 14, 2023 Share Posted June 14, 2023 7 minutes ago, Biggish Dave said: Here fishy fishy fishy If you went watching Bolton 0 Wigan 4 it isn't fishing to say Wigan have a much better squad than Bolton. If that squad is kept they are going to be a better team Quote Link to comment Share on other sites More sharing options...
Site Supporter desperado Posted June 14, 2023 Site Supporter Share Posted June 14, 2023 Just now, Roger_Dubuis said: If you went watching Bolton 0 Wigan 4 it isn't fishing to say Wigan have a much better squad than Bolton. If that squad is kept they are going to be a better team You didn’t see the 1-1 at their place then after we’d made our squad much better? Quote Link to comment Share on other sites More sharing options...
Site Supporter Cheese Posted June 14, 2023 Site Supporter Share Posted June 14, 2023 (edited) 4 minutes ago, Roger_Dubuis said: If you went watching Bolton 0 Wigan 4 it isn't fishing to say Wigan have a much better squad than Bolton. If that squad is kept they are going to be a better team We beat Sunderland 6-0 that season and they got promoted. Edited June 14, 2023 by Cheese Quote Link to comment Share on other sites More sharing options...
Roger_Dubuis Posted June 14, 2023 Share Posted June 14, 2023 8 minutes ago, desperado said: You didn’t see the 1-1 at their place then after we’d made our squad much better? I don't think I've been to Wigan's ground since Megson got beat against ten men.He'd rested the first team a few days earlier to concentrate on that match and they played as though they couldn't be arsed with it Quote Link to comment Share on other sites More sharing options...
Big E Posted June 14, 2023 Share Posted June 14, 2023 5 hours ago, Ani said: Wigan do not have massive debt. So it depends if buying upfront is easier than going through the costs and hassle of Admin. So (totally made up numbers) - If he buys the club today for £5m plus £10m debt he gets a club with no embargo and less restrictions . Plus the players are still contracted. If he waits till after Admin he still needs to buy the club so administrators have to get a good price , plus all their costs are added in, players can walk from contracts if not paid, club will be docked even more points. If you apply normal financial logic to buying a football club you would question the sanity of anyone dong it. The guy is not a WAFC fan, doubtful he is even a football fan, so very unlikely he will be thinking of chucking millions in just because they play down the road . I have no idea why he would get involved pre or post admin, said the same about FV but at least we have assets like the hotel to run alongside the football club thought they owe like £20million. don't they owe the HMRC loads? Quote Link to comment Share on other sites More sharing options...
Big E Posted June 14, 2023 Share Posted June 14, 2023 26 minutes ago, Roger_Dubuis said: If you went watching Bolton 0 Wigan 4 it isn't fishing to say Wigan have a much better squad than Bolton. If that squad is kept they are going to be a better team careful folk get annoyed when you point out we are not as good as a bottom championship side. Quote Link to comment Share on other sites More sharing options...
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