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Wigan in Administration

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241Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Thu Sep 03 2020, 09:27

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
@RangersDave wrote:The EFL will roll over, they have done nothing over some of the 'sell your stadium to yourself for double the amount' scams going on, they are really a toothless tiger.

Wigan will survive, because. 
Trouble is, EFL have a different set of rules to everyone else and its a movable feast for them. No set in stone crap, which is why i expect them to allow wigan to play this weekend. Too much trouble for them not to i suppose.

Unless Wigan players say no thanks, and walk away. Rightly scared of injuries, or near future wage problems with a club that wont have any revenue stream to pay them.
They'll be in a similar position to us last season having to play the kids i reckon until a buyer is found.

242Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Thu Sep 03 2020, 10:15

RangersDave

RangersDave
Mario Jardel
Mario Jardel
will they not suffer a transfer embargo ?

243Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Thu Sep 03 2020, 10:17

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
@RangersDave wrote:will they not suffer a transfer embargo ?
 They should do as we did and are still under one now. Only loans and freebies allowed

244Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Thu Sep 03 2020, 11:14

RangersDave

RangersDave
Mario Jardel
Mario Jardel
thought so, so they are FCUk'd then.

We had the same, plus we are still paying FFP i think at 15m per year fine. Mind you, we had owners who thought they had the golden egg spunking millions (yes ok, hundreds of millions) on has been big time charlies that were only after 1 last payday.  

I think we were treated too hashly but thems were the made up on the hoof rules and deserved EFL retribution of some kind.

Lord knows it they dont make the match this weekend a go-er, what the EFL will do.

245Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Thu Sep 03 2020, 13:32

Sluffy

Sluffy
Admin
'No problems foreseen' from EFL meeting - Wigan Athletic administrator

Gerald Krasner believes his meeting with the EFL to provide reassurances about Wigan Athletic's ability to start the season 'went well'.
The administrators met with the governing body on Wednesday with little over a week to go before the start of the new EFL campaign.
Latics are still looking for a buyer, having been in administration since July 1, and with more than half of last season's playing staff - and boss Paul Cook - moving on.
But Krasner insists there's enough positive movement - despite one of the frontrunners, Norman Smurthwaite, pulling out yesterday - to suggest they will be given the green light to start 2020/21.
"We as the administrators need the blessing of the EFL to start the season," he told the Wigan Post.
"It went well, the meeting, and I'm not foreseeing any problems.
"I would be amazed if they did come back with a problem.
"We updated them where we are on the bidding, we told them we are confident we'll get a bid that we can actually get over the line, and we can start the season.
"We put the case that if we didn't have a bidder that we were confident about, we wouldn't be asking. It would have been the end.
"But we are confident about this.
"There's no evidence we can give them in writing, but we are officers of the court, we're not going to lie - despite what some of the fans may think."
When asked whether the American-led consortium - fronted by Oostende CEO Gauthier Ganaye - was now in pole position, Krasner added: "I'm not commenting on that.
"But I haven't got just one iron in the fire, put it that way.
"And I'm not holding anybody up, everybody's getting the same information.
"Every bidder has been told why we need to do this, and where we are.
"It's just a case of everybody putting their hands in their pockets if they want this.
"Some of the people who I'm not even including as a bidder are coming to us with their fourth different consortium.
"Well, you lose heart after the first one, let alone the third one.
"I've got an inner ring of bidders and an outer ring of interested parties."
Latics kick-off the season this weekend in the first round of the Carabao Cup at Fleetwood, and Krasner says off-field events will have no bearing on matters on-the-pitch.
"I'm going to put a team out until somebody tells me I can't," he said.

https://www.wigantoday.net/sport/football/no-problems-foreseen-efl-meeting-wigan-athletic-administrator-2960338


I imagine this puts the EFL in a spot.  On the one hand the Administrator is telling them they are confident of a buyer but on the other hand they haven't got anything definite to show them.

Do they go along with that - like presumably they were told by our Administrator about us (although they had seen FV's proof of funds at the time) or do they thing along the same lines as Bury where they had a different scenario of a CVA but that the creditors hadn't agreed to?

The EFL clearly don't want to lose a club but neither do they want to let one start but fold halfway through the season?

I half suspect the Administrator wants the EFL to say no and be seen as the bad guys - but as he said, they are 'officers of the court' and have no reason not to say what they believe to be the case?

All the time that no owner is found and no income coming into the club will inevitably lead to more sales of players or the chippy or training ground (as the Administrator has said the stadium will only be sold with the club)?

All seems a right mess to me.

Fair play to the supporters club who had got up to £600k the last time I looked but that isn't enough to buy the club on its own.

Maybe the EFL will compromise in someway if they are given a guarantee that Wigan can see the season out (rather than proof of funds for two seasons) and worry about it all again next summer?

If I were the EFL and had no likely buyer even one being a favourite to buy, let alone having exclusivity, then I'd say sorry, your time is all but up, the league season starts on the 12th and if I don't have something concrete by then, that's it.

Didn't they give us a Bury some formal notification along those lines iirc - and I would expect they would do the same to Wigan now.

246Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Thu Sep 03 2020, 16:25

wessy

wessy
El Hadji Diouf
El Hadji Diouf
Yes we got 14 day notice . Only 9 days to season ? But ours was started after the season started giving us until 12th September . Ironically this years start date


https://www.theboltonnews.co.uk/news/17864018.bolton-wanderers-given-14-day-expulsion-notice-efl/

247Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Fri Sep 04 2020, 16:52

Sluffy

Sluffy
Admin
Wigan making player signings - so I guess that means the EFL gave the green light, so I guess that would also imply Wigan will start the season also?

(Note former Wanderer, Viv Solomon-Otabor was one of the signings)

https://wiganathletic.com/news/2020/september/Signings-Latics-bring-in-Dan-Gardner-and-Viv-Solomon-Otabor/

Also and possibly connected in terms of the EFL allowing this to go on, a further newsletter from their supporters association -

Due to legal restrictions and non-disclosure agreements we may not be able to share every detail with our supporters, and we may not be able to update you as often as we would like. But we will be transparent and open as far as possible and we will provide updates at every opportunity through our website and social media channels.

This week, with the consent of the administrators, Wigan Athletic Supporters Club have already met with one of the interested parties who have put in a bid to the administrators. They are very positive about working with us should their bid be successful and they are keen to ensure that they have local partners working with them to make the Football Club a future success.

We are also continuing to work with the council, the Community Trust, Jonathan Jackson, and other partners to ensure that there is a solution to the survival of our Football Club.

https://www.wiganathleticsupportersclub.co.uk/statement-from-wasc-4th-september-2020/

248Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Sun Sep 06 2020, 11:04

Sluffy

Sluffy
Admin





I still can't understand what is going on here?

The Administrator has stated that the club and stadium would not be sold separately.

They would have obtained a professional value as to the value of the ground, training grounds, chippy and whatever else and used that as their basis of the minimum they would receive if they had to sell it in liquidation.

It may well be that the price( £3.5m for stadium and training ground and £500k for chippy) is quoted higher whilst in Admin that what they probably expect they will fetch under liquidation (what do you do with a sports stadium that can't be used for anything else, the land it sits on can not be used to build houses, etc on (maybe the could build factory units though?) and that can't be filled by the fans of the football club and/or the rugby club and thus trades at a loss?).

Whoever buys the club (even without a stadium) will trade at a loss, or be forced to field a Sunday League side as there isn't the revenue streams to support better. I can see the supporters club being ok with that but why would some random Americans want to put in their money with no obvious means of a return on it?

Certainly got me baffled?

The best I can come up with - and I've mentioned this previously is that their plan is NOT to have the stadium and to relocate the club once they have control of it to some place other where they believe they can can generate better revenue sources.

I can see this all ending in tears.

249Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Sun Sep 06 2020, 12:03

Sluffy

Sluffy
Admin

250Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Sun Sep 06 2020, 14:54

Sluffy

Sluffy
Admin
Administrators report (up to August) filed at Companies Hose

https://beta.companieshouse.gov.uk/company/00270043/filing-history

Can't say I've bothered to read it in to much detail as things have been widely reported been reported on since that time but one small thing of interest was that the company that valued the stadium, etc - Eddisons (see Chattel Assets p5 of Admin report / p11 of 45 of attachment) is later described (see Sale of Club - p11/ 17 of 45) as part of the Begbies Traynor group - the same group the Administrators are part of.

Nothing illegal in that per se but with there seeming to be a stumbling block over the valuation/proposed sale price of the stadium impacting on the negotiations leading to a successful completion of the Administration, then maybe in retrospect it would have been better to have a completely independent valuers assessment to avoid future allegations of potential conflicts of interest arising?

251Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Sun Sep 06 2020, 15:14

Sluffy

Sluffy
Admin

252Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Sun Sep 06 2020, 15:56

Sluffy

Sluffy
Admin
Fair play official Wigan

253Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Sun Sep 06 2020, 17:04

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
@Sluffy wrote:Fair play official Wigan


Disgusting!

The twitter account has now gone.

254Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Sun Sep 06 2020, 17:34

wanderlust

wanderlust
Nat Lofthouse
Nat Lofthouse
I hope somebody responded “still solvent”

255Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Mon Sep 07 2020, 00:30

Hip Priest

Hip Priest
Tony Kelly
Tony Kelly
Every club has it's fair share of bonehead numpties among it's support. It's just that Wigan AFC's share is way way larger than anyone else's. I'm still really, really struggling to generate any sort of sympathy for them.

256Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Mon Sep 07 2020, 08:22

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
@Hip Priest wrote:Every club has it's fair share of bonehead numpties among it's support. It's just that Wigan AFC's share is way way larger than anyone else's. I'm still really, really struggling to generate any sort of sympathy for them.
 
Same here, a shit club with no fans, let them go bust, they won't be missed.

257Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Mon Sep 07 2020, 14:22

Sluffy

Sluffy
Admin
American bidders 'not serious at the moment' - Wigan Athletic administrator

Gerald Krasner doesn't believe the American consortium fronted by Oostende CEO Gauthier Ganaye are 'serious bidders' for Wigan Athletic at present - despite them meeting the asking price for the club and Christopher Park training ground.

Krasner confirmed the group - backed by American financiers Randy Frankel and Michael Kalt - have submitted a £500,000 bid for the Standish Lower Ground base, plus a token £1 for the club.

But the Latics co-administrator says their lack of a plan for the DW Stadium - which is up for grabs at a cool £3million - means the offer had to be turned away.

When asked by the Wigan Post if they'd met the asking price for the club and the training ground, Krasner replied: "Yes they have.
"But then there's no stadium to play in, is there?
"They're not interested in the stadium.
"Somebody still has to be the stadium and then come to a deal with the Americans.
"Whatever you write and whatever you do on this will be wrong, I'll tell you now, because I'm not going to tell the whole story today."
Two fresh bidders are also understood to have gatecrashed the process, with Wigan's costly wage bill having been slashed by the recent flood of sales.
"What I will say is talks are progressing with a number of very serious bidders," Krasner confirmed.
"I don't think the Americans are serious bidders at the moment.
"They're running their campaign through the media, despite doing an NDA (non-disclosure agreement).
"They are telling the media certain things that suit them, and other things that don't suit them are not being disclosed.
"When I do my next press conference, I will cover it.
"They don't understand, and I'm not going into the details now.
"But they have put that offer in, which we would accept under certain conditions, which they won't accept."
Krasner confirmed there had been no offers for the DW Stadium as yet, and refused to say whether any more players would be leaving.
"No comment," he added. "I'm not making it easy for you, I know, but it has to be done this way."

https://www.wigantoday.net/sport/football/american-bidders-not-serious-moment-wigan-athletic-administrator-2963692

258Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Mon Sep 07 2020, 16:05

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
Seems very odd that they would want the training ground and the club but not the stadium?

259Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Mon Sep 07 2020, 16:48

Sluffy

Sluffy
Admin
@Norpig wrote:Seems very odd that they would want the training ground and the club but not the stadium?

It seems the stadium is to big for the average crowds they get - both for the football and the rugby - and it operates at a loss.

The 'stadium' is thus set up as a company in its own right but under the umbrella of the parent (or head) company - which the equivalent to us would have been Burnden Leisure.

This company then charges a 'rent' to the football and rugby clubs to play there but runs at an annual loss even so.

It was thought that the rugby owner Lenagan wanted to buy the stadium but did not want the football club - or rather he couldn't afford to run the club in insolvency (it's income being less than its expenditure). It seemed from what I could make out that he was happy to buy the stadium and let others in a consortium with him take on the club and run that independently but playing at the stadium (at an agreed rent) but couldn't broker such a deal. He was happy to buy the stadium independently and strike a deal with whoever bought the club to play there at an agreed rent - but again no agreement could be brokered and the Admin has seemingly always intended that the club AND the stadium should be sold together.

I wasn't aware until I followed all this unfolding over the last month or so how completely divided the people of Wigan are in respect of their football and rugby - it seems you can only love one and must hate the other - so much so that people are saying in Lenagan buys the stadium they will not watch and football games there in the future and visa-versa a mural of the Wigan football captain was yesterday painted on a pub wall in Wigan and defaced within hours by rugby fans painting their slogans over it!

The proposed buyers above who had their offer of £500,001 turned down (£500k for the training ground and £1 for the club) apparently could not come to an agreement for Lenagan to buy the stadium and they rent it so as to play their games there.

As this proposed group is supposed to be backed by a billionaire it makes completely no sense to me why they are quibbling over what must be the equivalent of loose change they have in their pockets to them.

Similarly it doesn't ring true to me that all these new bidders have suddenly just shown up just as the league season is about to kick off - as far as I can make out the EFL must have granted Wigan a months grace (based on the month length contracts they recently signed a couple of players on) to get things properly sorted and no one showing their face just now could possibly do that in 3 or 4 weeks from scratch to completion - or if they can they must be taking a hell of a big risk - Bassini style I would suggest.

So seems to be stalemate at the moment with the clock relentlessly ticking the time down to when the EFL will have to act.

Why would anyone buy a stadium they would lose money on/ Why would anyone buy a team without a stadium? Why would anyone want to buy a team with no players (and no stadium). Why would anyone want to buy a stadium that people are not allowed to attend during Covid. Why would people want to buy a club with no income. Why would anyone want to buy a stadium that can't be used for any other purpose than a stadium and when it is they can't fill it (even before Covid) and it runs at a loss???

Buggered if I know!

260Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Tue Sep 08 2020, 10:09

boltonbonce

boltonbonce
Nat Lofthouse
Nat Lofthouse
Interview with administrator coming up on talkSPORT from ten.

261Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Tue Sep 08 2020, 14:30

Sluffy

Sluffy
Admin
@boltonbonce wrote:Interview with administrator coming up on talkSPORT from ten.

Thanks but I missed it and haven't yet caught it on the 'play back' or whatever it's called.

I have though copied this from 'Benny' on ww - whose comments I respect -

Paul Stanley one of the admins been on Talksport this morning

When asked do they have a credible bidder - ( the answer is NO ) he said - they had a bidder for the fish and chip shop , and a separate bidder for the training ground and the football club ( Billionaire American Consortium - as reported by Alan Nixon ) who dont want to buy the stadium , and who thought they could start the season playing at other North West Clubs grounds on a week by week basis.

Obviously the EFL wont allow that

( Does beg the question if you are a billionaire owner - why are you not prepared to buy the stadium ? )

Said they have tried to make it as easy (cheap) as possible for a buyer - at start of admin they needed £13 million in cash to come in to cover football and other creditors and buy the assets , having sold players , now need just £4 million for stadium training ground and club

Cut off point for a sale is when the money runs out

Said EFL ok on starting season , as they can fund it , but did not commit as to how long they can fund it for

Nothing new really said - but clearly the clock is ticking and they are running out of players to sell.

No mention of Rugby club , council , supporters club or other bidders

When asked about their own fees - he got a bit abusive - called Simon Jordan a Half wit co presenter whose only claim to fame is that he spent £50 million on a football club and lost the lot.

http://www.wanderersways.com/forum/topic/91097-pie-eaters-go-into-administration/?do=findComment&comment=2072305

So still £4m to buy the club and stadium (or a definite signed contract at another ground/s that meets EFL requirements and have priority over anyone else who plays there) and presumably some sort of funding proof that they can see out at least this season (and technically next season as well).

I just can't see why anyone outside the fans or local fan (such as they had in Whelan) would throw their money away on them?

Seems the drama will go on for at least a month or two yet until presumably the EFL puts them out of the misery or some white knight rescues them?

262Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Tue Sep 08 2020, 14:41

Natasha Whittam

Natasha Whittam
Nat Lofthouse
Nat Lofthouse
@Sluffy wrote:Please keep posts and disputes from other sites off Nuts

263Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Tue Sep 08 2020, 14:46

RangersDave

RangersDave
Mario Jardel
Mario Jardel
Cannot understand why the EFL are letting this drag out.

Say it goes on for a month, thats a fair few games that will need to be voided if it falls through, and why let it drag on.

Either they can finance 2 months right now, including playing at home, with all that includes regarding staffing, insurance etc or they cannot.

If they cannot, despite all this time with the receivers, then the plug should be pulled. simple as.

If the EFL dont, then they are playing games with their ususal shilly shallying (long time since i used those words and i like them!) and obfuscating (ditto).

Total bunch of £€@%^&

264Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Tue Sep 08 2020, 15:00

Sluffy

Sluffy
Admin
@Natasha Whittam wrote:
@Sluffy wrote:Please keep posts and disputes from other sites off Nuts

???

That referred to people having baggage between forums - this is simply about someone updating factual news.

Anyway, this appears to be what the Administrator said this morning -

Wigan Athletic takeover deal 'doable in a fortnight'

Co-administrator Paul Stanley believes a successful resolution to Wigan Athletic's search for a new owner is 'doable' within the next fortnight.

The French-American consortium - fronted by Oostende CEO Gauthier Ganaye, with the funds of US financiers Randy Frankel and Michael Kalt - appears to remain the most likely outcome.
This despite them only bidding for the football club and its Christopher Park training complex - and not the DW Stadium - which makes them 'not serious bidders' in the opinion of co-administrator Gerald Krasner.
Nevertheless, Stanley says all parties are still in negotiations and, with a bit of give and take, a deal could be tied up relatively quickly.
"I'd like to have got the deal done in the next couple of weeks really," he said.
"We've got the parties talking to each other, so it should be doable.
"We've had people bidding for single assets, like the fish and chip shop.
"We've had people bidding for the training ground and the club without the stadium...I think that party thought they could move the games around local teams in the north west on a weekly basis, which clearly you can't do under EFL rules.
"I think anybody taking the club on needs to have the stadium as well, otherwise they're not going to be able to play games anywhere.
"There isn't really a viable alternative to using the DW Stadium, I don't think."
Stanley also defended the record of administrators Begbies Traynor since assuming control on July 1.
"We've tried to make this as easy as possible," he said.
"At the beginning of this process, we needed around £13million of cash coming in to clear football creditors and a myriad of other things...over a summer period with absolutely no income.
"We've had to sell players, largely because there was money owed on them, and some of them had release clauses.
"That money's now come in, and we now need around £4million for the training ground, the stadium and the football club.
"Which if there's one party buying it, I don't think it's that expensive.
"I see Brentford have just built a stadium for £70million, and I think you'd be getting pretty near to a state-of-the-art stadium here, with a 25,000 capacity.
"Anybody who's interested in getting into football, I think you've got an ideal blueprint here to start from, for not a lot of money."
When asked if and when the cut-off point would come, Stanley replied: "The cut-off point would be if we were to run out of money at any point.
"We've got to a point where the squad is very, very thin, and we still haven't got crowds coming into games - which will hopefully change in October.
"The EFL have been very supportive in the conversations we've had, they're letting us start the season, so it's only about the income coming in.
"The wage bill is now down to a manageable level, so it's only a question now of when the money runs out.
"That's a variable, because we're still in the transfer window, so we still have the ability to sell players - although that isn't our priority."
Stanley was speaking on talkSPORT to Jim White, whose co-presenter Simon Jordan has been particularly scathing in his assessment of the administrators' actions and fees - which are in excess of seven figures.
"The problem when you have a halfwit co-presenter, whose only claim to fame was spending £50million on a club (Crystal Palace) and losing the lot, is I don't really value his opinion, to be quite honest," Stanley added.
"From our point of view, we put out a statutory report, which tells people what we feel the job will cost in terms of our costs.
"That's what the law says we have to do, but that doesn't mean we will be charging those fees.
"The fees will be what they are at the end of the job, dependent on what realisations there are.
"I suspect there will be minimal fees if any coming out of the football club itself.
"The aim is to save the football club. Our fees will come out of money that would otherwise have gone over to Hong Kong."

https://www.wigantoday.net/sport/football/wigan-athletic-takeover-deal-doable-fortnight-2964950

265Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Tue Sep 08 2020, 15:05

Ten Bobsworth


Tony Kelly
Tony Kelly
"The problem when you have a halfwit co-presenter, whose only claim to fame was spending £50million on a club (Crystal Palace) and losing the lot, is I don't really value his opinion, to be quite honest," Stanley added.
Funny he should say that. Sums up my opinion of Monsieur Jordan rather well.

266Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Tue Sep 08 2020, 18:08

Sluffy

Sluffy
Admin
Nixon article -

FRESH START Wigan’s potential new owners willing to MOVE stadium to Leigh’s rugby league ground from DW if takeover is sealed

WIGAN’S potential new owners are willing to move GROUND to play at Leigh's Rugby League stadium.

The American takeover pair Randy Frankel and Michael Kalt are in talks about the shock switch of 'home' as they try to get a deal done to rescue the club from administration.
The change of address from Wigan's old DW Stadium ground would need approval by the EFL.
[b]But it is already used by Manchester United in the WSL as well as Leigh in the rugby world./b]
This surprise idea has also been run past supporters groups and the local authorities and is now part of their plans for the future.
The group, advised and fronted by Frenchman Gauthier Ganaye, are unwilling to pay the £3 million asking price for the current stadium.
They have offered £500,001 for the football club and training ground.
But that was rejected by the administrators.
The admins are demanding the £3 million sum for the stadium to be paid too.
That figure covers their fees along with the creditors and legal costs.
Wigan rugby chief Ian Lenagan has been trying to buy the ground and become landlord rather than tenant and that is still in negotiation.
However the French-American team are unhappy with the rental terms he wants.
And they turned to Leigh's modern and compact ground as an alternative.

https://www.thesun.co.uk/sport/football/12616499/wigan-takeover-dw-stadium-leigh-rugby-league/

267Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Tue Sep 08 2020, 21:28

Sluffy

Sluffy
Admin
The idea seems to have split their fan base.

Wigan in Administration - Page 9 Ehaj6TgXYAImRGm?format=jpg&name=900x900

I voted in order to see what the current totals were (fwiw I voted 'no' for two reasons although I'm not a Wigan fan, one because I always believe Leigh has more of a natural affinity with Bolton and vis-versa and two this -



...many of the dead coming from Leigh and surrounding area.

268Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Tue Sep 08 2020, 21:32

Sluffy

Sluffy
Admin
@Sluffy wrote:The idea seems to have split their fan base.

Wigan in Administration - Page 9 Ehaj6TgXYAImRGm?format=jpg&name=900x900

I voted in order to see what the current totals were (fwiw I voted 'no' for two reasons although I'm not a Wigan fan, one because I always believe Leigh has more of a natural affinity with Bolton and vis-versa and two this -



...many of the dead coming from Leigh and surrounding area.

I'll leave the link to the poll below for anyone who has any strong feelings to contribute to poll - feel free to pass it on to any others who may equally be interested.


269Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Wed Sep 09 2020, 02:42

Sluffy

Sluffy
Admin
Telephone Q&A With Gerlad Krasner Pt 2
Meeting Gerald Krasner – Tuesday 8th September 2020

The second telephone meeting with Administrator Gerald Krasner on Tuesday evening where there was an opportunity to put forward questions raised by supporters over recent events at the club. The call lasted 29 minutes.
This week was more a two-way affair than the previous ‘chat’ with questioning and an opportunity to ‘dig a little deeper’ for more in depth answers.

There were still a number of off the record answers, but I don’t feel that they took anything away from what can be reported.

The Fees that we’ve been taking? I want to make a couple of points, we haven’t drawn a penny in fees or disbursements as of today, the football club will not be paying our fees or disbursements and probably the legal fees, the only legal fees that I feel will have to go through the football club at this moment has got to be the fees to do with the appeal. I’m expecting the owners (Yeung) to pay the fees out of their entitlement, which they are not getting.
It’s been said previously that the football club will not be paying the administrators fees. They will come out the owners property companies. [I can only think that means the 'owners property companies that are part of the Administration along with the club - in which case it would mean the stadium, remaining training ground and chippy plus anything else I am unaware of - Sluffy] People still think that lawyers are going to get £1m+ out of the football club, but they’re not, the only fee that will come out of the football club is the EFL appeal. [If I'm correct in my assumption above then although the Administrator is no doubt telling the truth, most people would not understand that the stadium and the club are two separate entities and in their minds believe the stadium IS part of the club - Sluffy]

Sell On Clauses When we sell players it is usual to get a sell on clause, for example Gelhardt to Leeds has another half a million of future sell on money, strictly it is payable to the administrators, potentially there is £5.6m of add on fees, which is a lot of money, we won’t ever see £5.6m because you never get it all, but we should see a million of it. We have said to the bidders that if you are buying everything we need the first £250K and the rest is yours for £1. So it is not coming to us, the first £250K is coming to us and there is a reason for that.
*Note It was explained but with an off the record proviso at this moment.

Cedric Kipre The sale price? You think he’s worth more? It’s a different world to when you sold Dan Burn, you’d be disappointed at £2m, well I’ll tell you the market for him is not there, we’ve been around the market, we’ve tried to get competing bids but at the end of the day, that’s the best bid we could get.
It’s in our interest to sell the players for the best price, we have turned down so many offers, right from the beginning, the two kids, we turned down two offers on them before agreeing a price, we’re working through a strategy to get the wage bill right and get the football creditors right.
We’re not giving anybody away, if we get a good price we take it and if we need the money we take it.

The Debt We’re as good as there, we haven’t received all the money yet, but by the end of this week we should and as soon as we are I will put it out on the website.
We’ve taken on players on short term contracts, we wouldn’t have taken on players if we weren’t confident of starting the season and going forward.

The running costs, I’ve got them, they are way down, can’t give it you off the top of my head but the wages are down to £2.5m per year.

The US Bid – It hasn’t been rejected, we can’t accept a bid until we have a bid on the stadium, we are in communications still with the Americans.
I need £4 million, I value the stadium at £3m, Sharpeys at half a million, the training ground at half a million and then football club can go for £1.

Euxton we’ve made enquiries about development there and it’s not going to happen, the contract though is secret and cannot be divulged.

Running Costs The football wages are paid, we’ve paid for August, we’ve paid the deferrals and we’ve paid Championship rates for the ones that left. That’s where all the money that was realised has gone.
We have enough money to pay for the immediate future, nothing will stop us going to matches.

Admin Timescale It took me a year at Leeds to turn it round, but that wasn’t an insolvency, at Bournemouth it took longer than this, bear in mind we’ve been in two months and 9 days , that is not a long time, despite what the fans think.

New Bidders When I said I’ve got four bidders, I’ve still got four bidders, they’re just not the same bidders. Some of them are and some of them aren’t.
I was in London yesterday meeting with someone who had flown in specially to see me.

Tea Time I’m having Fish Pie for tea, just to let you know Dec.

The Move To Leigh It’s rubbish, the new owners are going to move us to Leigh? First of all I don’t know who the new owners are, there’s no way we’re going to be left with an empty stadium, so I’ve just said “who are the new owners”, I’m just telling you that this is not part of a game plan that we are involved in – and you can quote me on that.

https://progresswithunity.blogspot.com/2020/09/telephone-q-with-gerlad-krasner-pt-2.html?m=1

270Wigan in Administration - Page 9 Empty Re: Wigan in Administration on Wed Sep 09 2020, 07:01

sunlight

sunlight
Tony Kelly
Tony Kelly
Their market value is on par with a can of Lynx Africa.

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