| Wigan's administrators acknowledge 12 expressions of interest in buying club 18:33 - Jul 2 with 2412 views | monty_radio |
So what have Wigan got, in terms of potential, that we don't have? |  |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 18:34 - Jul 2 with 1959 views | BlueBadger |
A manager's office not occupied by Paul Lambert. [Post edited 2 Jul 2020 18:34]
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 18:35 - Jul 2 with 1963 views | Ace_High1 |
And I bet Laurence Bassini is one of them  |  | | |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 18:37 - Jul 2 with 1954 views | Shawsey |
Mike Ashley probably favourite. |  | | |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 18:38 - Jul 2 with 1948 views | Shawsey |
Think they are owned by a company from Hong Kong, so probably have loads of contacts. Only one person in the running I think. Lord Ashley of Sportsdirctshire. | | | |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 18:40 - Jul 2 with 1940 views | Nthsuffolkblue |
A place in the Championship currently. Although, if they get a points deduction this season that is not going to last is it? Will the deduction be this season?
A club for sale at a much lower price than I expect ME would be looking for too. |  |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 18:47 - Jul 2 with 1888 views | BloomBlue |
Wigan won the FA Cup 7 years ago we won it 40 years ago, they have are more up to date history than us.
Plus as they're in administration it will be a lot cheaper to buy.
Finally an interest doesn't mean they can afford to buy it. They should look for a rich Hong Kong group to buy them |  | | |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 18:59 - Jul 2 with 1865 views | factual_blue |
Uncle Joe's Mint Balls
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 19:05 - Jul 2 with 1848 views | monty_radio |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 18:47 - Jul 2 by BloomBlue |
Wigan won the FA Cup 7 years ago we won it 40 years ago, they have are more up to date history than us.
Plus as they're in administration it will be a lot cheaper to buy.
Finally an interest doesn't mean they can afford to buy it. They should look for a rich Hong Kong group to buy them |
Yes they're recent history is better than ours, but 20k sometimes watched Town in L1 this season. We are not twenty miles from Liverpool and Manchester, and our big community support goes back a century.
Yes, an interest doesn't signify a commitment, but 12! On Day One! | |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 19:08 - Jul 2 with 1846 views | Shawsey |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 19:05 - Jul 2 by monty_radio |
Yes they're recent history is better than ours, but 20k sometimes watched Town in L1 this season. We are not twenty miles from Liverpool and Manchester, and our big community support goes back a century.
Yes, an interest doesn't signify a commitment, but 12! On Day One! |
11 of them are probably Wigan fans with a sense of humour. | | | |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 19:15 - Jul 2 with 1828 views | bluewein |
A club that'll probably be sold for a fiver due to it being in administration... |  |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 19:24 - Jul 2 with 1816 views | monty_radio |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 19:15 - Jul 2 by bluewein |
A club that'll probably be sold for a fiver due to it being in administration... |
But it won't be free.
2019 debt = £21m - source: Financial Football News. [Post edited 2 Jul 2020 19:28]
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 20:35 - Jul 2 with 1722 views | IpswichKnight |
They are desperate to sell and that brings out all the chancers and fantasists like the Bury owners and Bassani, there are probably some Town fans who would welcome those types as they are not ME. I’d be very very worried about the future of Wigan if I were a Wigan fan now. | | | |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 21:15 - Jul 2 with 1677 views | Marshalls_Mullet |
A team of administrators?
A bunch of shell companies picking over their accounts?
Laurence Bassini?
LOLs. |  |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 21:27 - Jul 2 with 1663 views | itfcjoe |
They are in the Championship
They own their ground and have a long standing tenant (Wigan Warriors)
They won 2 training grounds
They have a left back worth £8m, and Keiffer Moore prob worth £5m.
In reality they are/were a well run club, who have no business going into administration - they just have a new owner who has decided to stop writing the cheque at the end of the month and no one can really work out why
Covid seemingly being blamed but seems totally unlinked |  |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 21:35 - Jul 2 with 1655 views | Trequartista |
A pier |  |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 10:37 - Jul 3 with 1437 views | monty_radio |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 21:27 - Jul 2 by itfcjoe |
They are in the Championship
They own their ground and have a long standing tenant (Wigan Warriors)
They won 2 training grounds
They have a left back worth £8m, and Keiffer Moore prob worth £5m.
In reality they are/were a well run club, who have no business going into administration - they just have a new owner who has decided to stop writing the cheque at the end of the month and no one can really work out why
Covid seemingly being blamed but seems totally unlinked |
As you say WERE a well-run club. But it's not where they are now.
https://www.wigantoday.net/business/top-football-finance-lecturer-and-author-spe
Their assets don't amount to much more than ours so I think my O.P. question of why we allegedly can't attract buyers remains, especially our continuing history of community support. | |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 10:41 - Jul 3 with 1429 views | sparks |
Because they will be sold for a very modest sum- and control of that is with administrators, rather than with the people or person (ME in our case) who is owed money.
Suspect we could readily find a buyer if we sold for a quid, and wrote off all of ME's investment... [Post edited 3 Jul 2020 10:47]
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| The presence of those seeking the truth is infinitely to be preferred to the presence of those who think they've found it.
(Sir Terry Pratchett) | | Poll: | Is Fred drunk this morning? |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 10:52 - Jul 3 with 1399 views | Keno |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 10:41 - Jul 3 by sparks |
Because they will be sold for a very modest sum- and control of that is with administrators, rather than with the people or person (ME in our case) who is owed money.
Suspect we could readily find a buyer if we sold for a quid, and wrote off all of ME's investment... [Post edited 3 Jul 2020 10:47]
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According to the perceived TWTD 'wisdom' that would mean Evans could make a fortune out of all the tax he save |  |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 10:57 - Jul 3 with 1393 views | monty_radio |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 10:41 - Jul 3 by sparks |
Because they will be sold for a very modest sum- and control of that is with administrators, rather than with the people or person (ME in our case) who is owed money.
Suspect we could readily find a buyer if we sold for a quid, and wrote off all of ME's investment... [Post edited 3 Jul 2020 10:47]
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It's been pretty well documented that M.E. would not be seeking to get back anything like what he has put in. Wigan's administrators are now mentioning a £6+ miliion debt and proof of £10 funds.
Town's position has never been publicly aired because it would essentially be a private transaction, but I seem to recall that some more in the know than I am have previously mentioned a figure such as £20m. | |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 11:07 - Jul 3 with 1383 views | uefacup81 |
As I've said in the thread, the fact that it's a distressed sale with, perhaps, less due-diligence being performed by the selling parties than would be the case if the club was being sold in a much better state.
You'll get the club at a knock-down price and, although the administrators are asking for proof of £10m funds, as the current debacle shows, there is no requirement for that funding to actually make its way into the club.
Wigan Athletic is, therefore, currently the perfect opportunity for anyone who thinks they can rebuild the club and turn a profit, or your Laurence Bassini/Steve Dale types who want another opportunity to line their pockets. |  |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 11:18 - Jul 3 with 1366 views | monty_radio |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 11:07 - Jul 3 by uefacup81 |
As I've said in the thread, the fact that it's a distressed sale with, perhaps, less due-diligence being performed by the selling parties than would be the case if the club was being sold in a much better state.
You'll get the club at a knock-down price and, although the administrators are asking for proof of £10m funds, as the current debacle shows, there is no requirement for that funding to actually make its way into the club.
Wigan Athletic is, therefore, currently the perfect opportunity for anyone who thinks they can rebuild the club and turn a profit, or your Laurence Bassini/Steve Dale types who want another opportunity to line their pockets. |
But would it not now be the administrators who would be charged with said due diligence, not the fly-by-night current owners? | |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 11:26 - Jul 3 with 1345 views | Herbivore |
I feel like people have answered your question with several valid responses but you don't seem to want to hear them. |  |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 11:26 - Jul 3 with 1348 views | uefacup81 |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 11:18 - Jul 3 by monty_radio |
But would it not now be the administrators who would be charged with said due diligence, not the fly-by-night current owners? |
As is my understanding (which may be wrong) the administrators are charged with obtaining the best deal for the clubs creditors at this point in time. They don't give two hoots as to what will happen to Wigan Athletic once they've disposed of the club. As long as creditors get paid, they don't care.
Arguably a very different scenario to a club being sold by any semi-competent owner. | |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 12:10 - Jul 3 with 1319 views | monty_radio |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 11:26 - Jul 3 by Herbivore |
I feel like people have answered your question with several valid responses but you don't seem to want to hear them. |
Really! I haven't seen an attempt to link Wigan's sale with ours (which was the nub of my O.P.) other than to state that they're in the grip of poor owners and own a ground, and were once well run. Some have then joshed about who these 12 interested buyers might be, but assuming the administrators aren't fools, some may well be genuine. As I've said, it's been frequently said that M.E. would not ask for most of his money back. So, why have we attracted less interest when said to be investigating, however tentatively, a buyer? It's a genuine question with probably a complex answer, but i am not persuaded by what I've read so far - is that permissible? | |
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| Wigan's administrators acknowledge 12 expressions of interest in buying club on 12:12 - Jul 3 with 1313 views | monty_radio |
| Wigan's administrators acknowledge 12 expressions of interest in buying club on 11:26 - Jul 3 by uefacup81 |
As is my understanding (which may be wrong) the administrators are charged with obtaining the best deal for the clubs creditors at this point in time. They don't give two hoots as to what will happen to Wigan Athletic once they've disposed of the club. As long as creditors get paid, they don't care.
Arguably a very different scenario to a club being sold by any semi-competent owner. |
O.K. I couldn't comment there, though surely the administrators would want to safeguard their own reputation, no? | |
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