Wigan in Administration

Ten Bobsworth wrote:Thanks Sluffy. Wigan plainly have a few TWERPS as fans but I suspect we've got more if only on the law of averages but, whatever Howard's game was, he was using inside info in a way that was unprofessional in my book.

You will also remember that someone else, who was likely to have inside info, leaked that the BWFC/FV deal had been done BEFORE it was agreed and signed off by Ken Anderson's lawyers. I expect they and KA were not overly impressed.

The Bahraini connection may or may not be a coincidence. The reports don't suggest any 'big bucks' deal but I feel sure Wigan fans will be content for the club to survive.

Is this btw the same Malachy Brannigan that's previously been involved with Hull City, Sheffield United, Derby County, Coventry City the EFL and a host of other companies? Gets about a bit, doesn't he?

Sluffy wrote:

He's been at Dundee United, Derby and Sheffield United from the quick search I did on him, before posting above, so no doubt he's the same bloke that you've tracked down too - used to be the Finance Officer before progressing to MD level at the clubs.

It seems from what the Wigan forum posters are saying that the Baharani owner is Al Jasmi and it is his son/son-in-law Talal, who is the bloke who will run the club with Brannigan the CEO, the ex-Wigan director Bramwell the accountant, Markham the 'Moneyball' expert (he's ex-Liverpool uni, football finance degee graduate, so I'm wondering if he has any links to our old friend Kieran Maguire??) with presumably Gottmann being the 'fixer' for the deal being the link to Gibralter where the company is from(?).

The article below is from the young lad who did all those videos - seems to have got work for the MEN on the back of them too - good for him, hope he does well for himself -

A Bahrain-based investor is closing in on an imminent deal to buy Wigan Athletic.
The Latics, who currently sit at the bottom of Sky Bet League One, have been in administration for the last nine months.
And while it looked as though the takeover saga was going to continue to drag on further after talks had hit a standstill, it is understood that a deal could be just around the corner.
The Begbies Traynor administrators have lowered their asking price in order to agree to a deal, but it would still involve the investor paying the non-football creditors 25p in the pound, meaning that Latics would avoid the mandatory 15-point deduction.
The Bahrain-based investor is in a position to seal the takeover quickly, having already had their proposed directors passed and their proof of funds verified by the English Football League.
The first step is for both parties to sign the sales and purchase agreement, while the second step would be to provide a deposit.
As the Wigan Council has already agreed on the transfer of the lease to the DW Stadium and Christopher Park, the final step would be to sign the membership agreement to transfer the football share, along with the agreement to pay the non-football creditors 25p in a pound.
Following the promising developments, it looks like there is finally light at the end of the tunnel for everyone associated with Wigan Athletic.

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/bahrain-based-investor-close-imminent-19982353

Oh and there are plenty of TWERPS everywhere, not just following football clubs, maybe I'm even one at times for somethings but you've just got to steer your way through them the best you can.

Ignorance and naivety 'can' be fixed through education and experience (although you can lead a horse to water but you can not make it drink) but negative traits such as hatred, anger, bitterness and revenge, can't.

Going back to Wigan, it seems to me that it could well be some sort of vanity purchase for the 'son' to play with by becoming a sort of 'football manager video game player' in real life.

Seems with them 'squeezing' the Admins fees downwards that they are looking to do it within budgets, so may be on a similar path as Sharron is taking us on, whatever that is?

Can't see them (or Sharron) getting their money back any time soon though?

Ten Bobsworth wrote:Hasn't Sharon got some of her money back already and Jeff Thomas all of his? Yes I know that's only the shares and they were only part paid to start with but don't you think some money must have come in from somewhere to pay off Eddie's widow and splash a bit more cash on the team.

Loan notes or summat else? I wouldn't rush to rule out the 'summat else' alternative but we'll have to wait and see.

Did you notice that Dale Vince didn't use up all the Fergietime allowed under COVID? I can't see that he would have done that out of any commitment to openness and transparency.

Sluffy wrote:Thanks Bob.

When I said I've not been following Vince, I probably should have said that I'd not been following him outside of your thread - which I do read - so I did know some of your explanation already, so my apologies for you having to set it out for me again.

I suspect that Vince will one day have to 'pay the piper' and his house of cards will tumble but I doubt us taxpayers will ever get our full money back.

C'est la vie I supose.

Sluffy wrote:Thanks Bob.

When I said I've not been following Vince, I probably should have said that I'd not been following him outside of your thread - which I do read - so I did know some of your explanation already, so my apologies for you having to set it out for me again.

I suspect that Vince will one day have to 'pay the piper' and his house of cards will tumble but I doubt us taxpayers will ever get our full money back.

C'est la vie I supose.

Ten Bobsworth wrote:Why not ask your MP? No point me asking mine.

Natasha Whittam wrote:

He's blocked you?

boltonbonce wrote:The house of cards HAS to fall. You don't want to look like a pair of TWERPS.

Ten Bobsworth wrote:Do you think that BWFC might have applied for a Coronavirus loan? Do you think it might have got one and, if so, who do you think has got the most, the owners of BWFC or the owners of tin pot FGR?

Why not ask your MP? No point me asking mine.

Sluffy wrote:

Have we agreed on what the definition of a TWERP is, if so I must have missed it?

What I am getting at is that maybe I'm in that category already, maybe the definition is that it is 'someone who thinks differently to others'?

If so isn't the prerequisite of even being a forum poster at some point or other necessitate holding a different position than others (sometimes the majority of others) - if so we can all be classed as TWERPS depending on the view point we hold.

Fwiw I tend to be a far more analytical person than an emotional one - just how I am I guess, so I simply don't follow the crowd without having a little 'think' about things first.

I don't know how to describe it but I sort of like ask myself questions immeadiately, like 'is that true', 'why would that have happened', 'what's caused that', 'why would that have been the outcome and not something different', and a million and one other things too - I guess I'm trying to 'understand' the position rather than 'accept' the position as gospel as stated.

That's why I don't really hold any allegiance to anyone, I'm not biased politically, religiously or morally, I know everyone can be wrong sooner or later, including myself - I simply try by not taking everything as gospel right from the start, to limit my chances of being so.

If people want to believe whatever they want, then that's up to them, I simply like to be on a bit more firmer ground to make my decissions that's all.

boltonbonce wrote:
https://dictionary.cambridge.org/dictionary/english/twerp

Sluffy wrote:

Well we've been told that FV furloughed staff so it would make sense that they availed themselves of other government aid as well.

I've not looked into the criteria for awarding the amount of the loans (I guess it related to historical turnover?) so I don't know who did the best between FV and FGR but if they are 'loans' which I understand them to be, they still need to be paid back sooner or later - maybe even a decision was taken NOT to apply for one, or not to apply for the maximum available perhaps???

As for my MP, I've met more than a few in my time and whilst some/many have been fairly genuine people they are tainted with a political bias and all play their political cards accordingly - all to appeal to their constituents in order to stay in power at their next election.

It's all a game, which I've tried (and failed) to explain to others on here.

I liked your quote the other day about the three 'Fred's' and there is more than an element of truth in what you say too!

Such is life I guess!

Onwards and upwards though.

boltonbonce wrote:What do you do to relax, Bob?