| Wigan to be sold for £3m 22:13 - Sep 15 with 1353 views | ElderGrizzly |
Appreciate they are in admin, but £3m seems very very low.
What are we worth? £5m? |  | | |  |
| Wigan to be sold for £3m on 22:19 - Sep 15 with 1312 views | Nthsuffolkblue |
If the buyers are taking on the debts as well, surely any positive figure paid is remarkable? Isn't the point of administration that the current owners cannot afford to continue funding the losses? |  |
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| Wigan to be sold for £3m on 22:25 - Sep 15 with 1279 views | BrianTablet |
Can we swap Jackson for them? |  |
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| Wigan to be sold for £3m on 22:25 - Sep 15 with 1271 views | GeoffSentence |
Thats less than our valuation of Flynn Downes. |  |
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| Wigan to be sold for £3m on 22:34 - Sep 15 with 1244 views | ElderGrizzly |
| Wigan to be sold for £3m on 22:19 - Sep 15 by Nthsuffolkblue |
If the buyers are taking on the debts as well, surely any positive figure paid is remarkable? Isn't the point of administration that the current owners cannot afford to continue funding the losses? |
It depends on the p in the £ that has been agreed with creditors doesn’t it?
Apparently it is a battle between an American investor for £2m or the Saudis for £3m | | | |
| Wigan to be sold for £3m on 22:35 - Sep 15 with 1237 views | Marshalls_Mullet |
What would you pay for a business that makes huge losses year on year with no real prospect of turning a profit?
Indeed the reward of promotion is to make even bigger losses!
Most football clubs would be wound up if they were 'Norman's businesses. |  |
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| Wigan to be sold for £3m on 22:53 - Sep 15 with 1178 views | Nthsuffolkblue |
| Wigan to be sold for £3m on 22:34 - Sep 15 by ElderGrizzly |
It depends on the p in the £ that has been agreed with creditors doesn’t it?
Apparently it is a battle between an American investor for £2m or the Saudis for £3m |
So what you are really saying is they are paying off a proportion of the debts at that price. I should have realised that really.
The thing is very little, if any, football is actually profitable. If it is to start being run as a business rather than a rich person's play thing there are a lot of changes going to happen. I suppose there will always be a lot of rich people looking for a play thing. | |
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| Wigan to be sold for £3m on 09:26 - Sep 16 with 848 views | Roberds |
I don't think they are close to being sold yet, still getting d!cked around by the admins as far as I can see.
They had put a £3.5M price tag on the club, this is the market value of the property the club owns (eg the stadium and surrounding land) which is not affected by administration.
The rest of the club (eg the players, the League One membership) are being sold for a nominal £1. In reality it will cost whoever buys them several million more to fund them this season.
To say what we are worth... using the same logic we had £21M worth of assets in our last filed accounts. Whether anyone would pay anything like that is another matter and I would say no chance. |  | | |
| Wigan to be sold for £3m on 09:30 - Sep 16 with 834 views | clive_baker |
| Wigan to be sold for £3m on 09:26 - Sep 16 by Roberds |
I don't think they are close to being sold yet, still getting d!cked around by the admins as far as I can see.
They had put a £3.5M price tag on the club, this is the market value of the property the club owns (eg the stadium and surrounding land) which is not affected by administration.
The rest of the club (eg the players, the League One membership) are being sold for a nominal £1. In reality it will cost whoever buys them several million more to fund them this season.
To say what we are worth... using the same logic we had £21M worth of assets in our last filed accounts. Whether anyone would pay anything like that is another matter and I would say no chance. |
I was chatting to a member of their supporters club recently. They've raised £800k which has kept the wheel turning through admin, paid the electric bills etc and remained up to date on such liabilities. He said they had 2 interested parties, one being 'the Americans' and another French party. One of them offered £4m, including the ground, which he reckons was worth £11m alone.
They reached out to Dave Whelen but he's getting on and apparently has dementia, so it's not viable or moral to involve him again. His grandson is involved elsewhere according to this chap. |  |
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