| This is my biggest worry regarding the take over 16:59 - Mar 1 with 1209 views | chrismakin |
Administration and relegation: 2020-2021
On 4 June 2020, IEC sold the majority of Wigan Athletic shareholdings to Hong Kong-based Next Leader Fund; the sale was formally ratified and approved by the shareholders of IEC, the Hong Kong Stock Exchange and the EFL.[45] On 1 July 2020, the club - standing 14th in the Championship, eight points clear of relegation, in a season delayed due to the COVID-19 pandemic - announced it had gone into administration as Next Leader Fund had refused to invest promised money.[46] Paul Stanley, Gerald Krasner and Dean Watson from Begbies Traynor were appointed as joint administrators.[47] The insolvency left Wigan facing a 12-point deduction; the sanction would be applied at the end of the 2019—20 season if the club finished outside the bottom three after 46 games.[47] On 2 July 2020, the administrators said they would investigate how the club ended up in administration less than a month after it changed owners.[48] A private conversation about Wigan's situation involving EFL chairman Rick Parry was secretly filmed amid talk of betting on Wigan being relegated[49] - described by some as the greatest sporting scandal of modern times.[50] Wigan MP Lisa Nandy and Greater Manchester mayor Andy Burnham wrote a joint letter to Parry calling for an investigation into the club's takeover. Players had not been paid and there was talk of club staff being made redundant and of players being offered for sale, they said.[51] Wigan's supporters club also called for an investigation and for financial support from the EFL;[52] supporters, backed by Nandy, later launched an online petition to try to trigger a parliamentary debate around the EFL's owners' and directors' test.[53]
took this from Wigans wiki page, scary thought the non investment of promised money. A take over will be 1 to get excited about but also one to be nervous about. For every good takeover there's loads of clubs with horrible histories following them |  |
| |  |
| This is my biggest worry regarding the take over on 17:04 - Mar 1 with 1141 views | J2BLUE |
Yes it could go wrong. Thanks for that. It would be the same with every takeover. |  |
| |
| This is my biggest worry regarding the take over on 17:10 - Mar 1 with 1093 views | Coastalblue |
I have reservations and doubts about the proposed takeover, it makes me nervous. The money being there is not one of them however, it's more what happens afterward.
If it was Chinese investment however I'd be really worried. |  |
| |
| This is my biggest worry regarding the take over on 17:24 - Mar 1 with 1028 views | ghostofescobar |
It is a worry. We already know ourselves though, we don't need to look at Wigan, just look at Evans, albeit I accept that we haven't gone into administration under Evans, but that is his single plus point. |  |
| |
| This is my biggest worry regarding the take over on 17:39 - Mar 1 with 923 views | Stu_Magoo |
Don't worry, MonkeyAlan will be along soon to put these nasty rumours to bed. |  |
| THIS IS DEMOC-RRRRRRR-ACY MANIFEST! |
| |
| This is my biggest worry regarding the take over on 18:46 - Mar 1 with 783 views | Durovigutum |
| This is my biggest worry regarding the take over on 17:04 - Mar 1 by J2BLUE |
Yes it could go wrong. Thanks for that. It would be the same with every takeover. |
I suspect if we found ourselves in the Wigan situation we'd have enough money in the support base to bale us out, as Pompey. A Mr E Sheeran would probably get things going. |  | | |
| This is my biggest worry regarding the take over on 19:00 - Mar 1 with 668 views | Churchman |
Leave things as they are, what’s left of the club dies.
Any takeover carries a risk. The above is the only certainty. |  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
