Reply With QuoteHaving been taken over 1 month ago.
https://www.theguardian.com/football...-kong-takeover
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Recent FA Cup winners Wigan Athletic are in administration
www.bbc.co.uk/sport/football/53247333
Having been taken over 1 month ago.
https://www.theguardian.com/football...-kong-takeover
12 point deduction confirmed.
There are probably many clubs that are technically bankrupt including our own if the backing of the owner was withdrawn.
Wigan Athletic have become the first professional club in England to fall into administration during the Covid-19 crisis, only four weeks after a Hong Kong-based consortium took over the Championship club, promising to secure its future.
The EFL confirmed Wigan would incur a 12-point penalty, which automatically applies to any insolvency event, with a decision to be taken at the end of the season over whether it will apply this season or next. Such penalties are applied in a following season only if a club is already relegated, which renders the deduction meaningless. In Wigan’s case, with Paul Cook’s side 14th and eight points above the relegation zone, the penalty is likely to be applied this season and could push the club into League One.
As recently as 24 June, a businessman based in Hong Kong, Wai Kay Au Yeung, who had initially been a minority shareholder in the consortium, Next Leader Fund (NLF), was registered as the owner of more than 75% of the club’s holding company.
The club stated on 4 June that under the EFL’s owners’ and directors’ test, the league had approved the sale to NLF by the owners since November 2018, International Entertainment Corporation (IEC), another Hong Kong-based, Cayman Islands-registered company, which owns a hotel and casino in the Philippines.
The EFL’s test and takeover process involves determining that a new owner has the money to buy a club and support it financially for at least the remainder of the season and the whole of the following season. However less than a month later and a week since Au Yeung was announced as the majority owner, the club has appointed the administrators Gerald Krasner and Paul Stanley, of insolvency practitioners Begbies Traynor.
https://www.theguardian.com/football...-kong-takeover
How can the new owners pass the EFL's owners and directors test - that supposedly guarantees financial support for the club up to the end of the following season - and then put the club into administration in under a month? Another damning comment on the EFL!
I hope they appeal the points deduction. As you say... new owners coming in after passing the shoddy owners test and going into administration that quickly... There's something rotten in DenmarkOriginally Posted by jon1959
I wonder if we'll put in a cheeky bid for Kieffer Moore. Or they have a young left back who is highly rated in Antonee Robinson
Wasn't he on his way to Inter in January before talks broke down?
Thank goodness we have Tan, Wigan’s new owners are obviously dodgy!
We are running low on our allotted number of shit strikers so I imagine that isn't far off the realms of possibility.
Robinson please! Although I think we'd lose the fight with AC Milan.
I do feel bad for them. I didn't realise until recently that they're a fairy young club. 1932 they were formed - must be pretty low compared to clubs in this league alone.
Live like you wanna live, I say.
I do feel bad for them. I didn't realise until recently that they're a fairy young club. 1932 they were formed - must be pretty low compared to clubs in this league alone.
Was there for the first game of the season. Seems like years ago rather than 11 months.
I do feel bad for them. I didn't realise until recently that they're a fairy young club. 1932 they were formed - must be pretty low compared to clubs in this league alone.
Really decent fans and down to earth people the diehards of which have stuck with them on the roller coaster up to the FA Cup winning and back down again. I hope they regroup and come back stronger (including any local businesses that the new owners may have done over)!
https://www.bbc.co.uk/sport/football/53256015
Wigan Athletic administration could be tip of a large iceberg in EFL
Reckon quite a few clubs could go through, wigan saving stokes arse.....gutted
Oops... I got the wrong Milan earlier
Sorry everybody... Wrong Milan!
we won't forget thisOops... I got the wrong Milan earlier
Sorry everybody... Wrong Milan!
I would expect nothing less.
*Hara Kiri*
They tried to join the Scottish League as the football league would not let them in as they thought they were a rugby league town.
I do feel bad for them. I didn't realise until recently that they're a fairy young club. 1932 they were formed - must be pretty low compared to clubs in this league alone.
I don't think Whelan will let them be liquidated but if they were I think the Bluebirds only got 1 point off them over the two league matches.
ouch
Still remember Kavanagh in that signing photo.
Still, horrible for their fans!!
I think Wigan can still survive - they are one of the Championship's form teams and I feel this will encourage a siege mentality in their management, coaching and playing staff.
I'm struggling to see how any club other than the bigger Championship clubs can make it through the year if current 'restrictions' remain. There's the drop in revenues this season, but who on earth is going to buy a season ticket for 2020/2021 ? To watch glorified training sessions behind closed doors on TV ?
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