Wigan goes into administration

DavidDeSchmikes

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BBC said:
Wigan Athletic could be followed into administration by "10 or 15" clubs unless some financial help comes from the top of the game, warns the Digital, Culture, Media and Sport Committee.

Administrators acting for the Latics have said the club is 'finished' if funding cannot be found to get it through to the end of the season after its Hong Kong-based owners pulled out.

But the fear of many within the game is that Wigan will only represent the tip of a large iceberg as the full impact of Covid-19 starts to take effect.

...............................................

BBC Sport understands there has, in fact, been talks between Premier League executives and their EFL counterparts. The EFL has made its position clear, although the Premier League is thought to be concentrating on trying to complete the current campaign before looking at the wider state of football finances.

Privately, the EFL is braced for the coronavirus pandemic to cost its clubs a combined £250m.

The Premier League already provides around £400m each year in funding to the EFL but around £260m of that goes to nine clubs in the form of parachute payments to those relegated from the top flight in previous seasons.
https://www.bbc.co.uk/sport/football/53256015
 

711

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Dave Whelan ploughed almost everything from his JJB Sports wealth into them to get them to the Premier League, but because it’s a Rugby League town and the North West is saturated with clubs, it’s difficult to get in there and establish them with a sizeable fan base and match going crowd to a level like Bolton say, let alone Utd and City.

Their rise and fall is no different to Blackburn with Jack Walker, and Gretna with Brooks Mileson in a very extreme case.
Except Wigan had no history of note whereas Blackburn won mulitple FA cups and top League titles before the first world war. Being from Preston I hear nothing good about Blackburn Rovers, but it can't be denied they have a long and distinguished history.
 

711

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The rugby team gets the same kind of attendances as the football team but it just costs more money to run a club in a more popular sport.
But there isn't a rugby team that gets the same kind of attendances in comparable towns is there? Blackpool, Preston, Blackburn, Burnley, Bolton, all in Lancashire, none of them with a substantial rugby club. That and the fact that rugby has a much longer and more successful history in Wigan than football has. It's a rugby town, always has been.
 

Morpheus 7

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The league has a responsibility to protect clubs, how this was cleared only a few weeks ago. It's not only sad but it's on to criminal. The owners knew any gate revenue would be impacted by coronavirus, something very odd about this hand over. There is a difference between a new owner squandering money over time and this. False promises by faceless shady corporation's, the security of many compromised within a matter of days. Poor Wigan, I genuinely feel for the fans.
 

MUM

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Sorry to see Latics in this situation. But as some people have pointed out, they may be one of many to go as a result of Covid-19.

The land on which the ground is situated is owned by Wigan Council, Latics have the first lease on the land and the rugby League club is a tenant of the football club.
Before he left the club, Whelan, who had seen what happened to Bury, put in a covenant to say no development on the area, it's just for football and rugby league.

The administrator's have got to get their heads around that because half the funding will be generated by the rugby League club going forward.
 

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Are people in England usually one or the other? Just wondering because here in the states, people typically follow multiple sports (granted, not all of them have overlapping seasons/schedules).
More so with football and rugby they are it tends to happen, there's plenty of people who like and watch both but you will get football fans taking piss of rugby and vice versa and their respective sports.
 

DavidDeSchmikes

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In Wigan, little is known of Au Yeung apart from the note in IEC’s sale document which stated he “has relevant experience in business operations management and business leadership as he has worked in commodity and real estate investment management in Asia”. Also that he “has been operating an amateur football team for more than 15 years, winning several awards”.

So, the facts as set out are that in the middle of the coronavirus crisis, while football was still shut down and many clubs fear going out of business, Au Yeung decided to buy Wigan Athletic, a club which even in normal times loses millions of pounds. At first in partnership with Choi, he paid £17.5m, giving IEC more than they paid for the club, and also ensured their £24m loan was repaid. But then, on the day he took ownership after this £41m purchase, he decided not to fund it and to put the club into administration, so losing control, the £17.5m, and probably the £24m too.
 

Red_toad

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Shame. Used to be my favourite opponent for a few years. Easy 4-0 win both home and away while rivals were struggling against them.
Horrendously racist fan base, best thing about their ground was the half time pie. Inbred feckwits for fans....
 

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I know the powers that be would block it but it's a shame one of the three big clubs in the North West, MANCHESTER UNITED, Liverpool and Everton couldn't help them out financially, and kinda run them like a feeder club, somewhere to put the most talented youngsters out on pre-arranged loans, and none of this one month/one year nonsense either.
 

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I know the powers that be would block it but it's a shame one of the three big clubs in the North West, MANCHESTER UNITED, Liverpool and Everton couldn't help them out financially, and kinda run them like a feeder club, somewhere to put the most talented youngsters out on pre-arranged loans, and none of this one month/one year nonsense either.
I was thinking the same. It would be a great spot to send young players that are only on the fringes of the first team squad. We could loan a few together every year and help out with coaching and medical oversight. I’d imagine their debt is far too substantial to make it financially viable though. A season long loan in the championship could be the making of players like Laird Garner and Gomes. They are close to home and the parent club too.
 

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I was thinking the same. It would be a great spot to send young players that are only on the fringes of the first team squad. We could loan a few together every year and help out with coaching and medical oversight. I’d imagine their debt is far too substantial to make it financially viable though. A season long loan in the championship could be the making of players like Laird Garner and Gomes. They are close to home and the parent club too.
It's far too obvious a solution, there's clubs in the NW like Bury, Rochdale, Stockport et al who would all benefit, it wouldn't even have to set in stone, you could change who backed which club every year, you could have a draw at the start of each season, imagine being the fan of one of the minnows and finding out Manchester United were gonna be your big brother for the season, and do the same in the NE, Midlands, London and the SE, everybody is a winner! Well apart from the sad saps who sit around hoping clubs get into bother so they can kick them when they are down.
 

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It's far too obvious a solution, there's clubs in the NW like Bury, Rochdale, Stockport et al who would all benefit, it wouldn't even have to set in stone, you could change who backed which club every year, you could have a draw at the start of each season, imagine being the fan of one of the minnows and finding out Manchester United were gonna be your big brother for the season, and do the same in the NE, Midlands, London and the SE, everybody is a winner! Well apart from the sad saps who sit around hoping clubs get into bother so they can kick them when they are down.
can arrangements like that not be sorted out? Affiliate clubs or whatever you would call them. It would be much better than having a random club in Holland or Belgium developing our players for example. Hire a few really promising coaches for the club as a gift and stay out of it beyond that. A lot of the time these clubs are getting by on free transfers and loan moves anyway so I don’t really see the difference, everyone wins. There’s obviously a player loan limit too between clubs so it wouldn’t be our B team and they’d be taking our best youth. It could be a good spot for first dibs on players we release but want to keep an eye on too

edit: you could probably save Wigan with Alexis Sanchez’s wages alone
 
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711

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It's far too obvious a solution, there's clubs in the NW like Bury, Rochdale, Stockport et al who would all benefit, it wouldn't even have to set in stone, you could change who backed which club every year, you could have a draw at the start of each season, imagine being the fan of one of the minnows and finding out Manchester United were gonna be your big brother for the season, and do the same in the NE, Midlands, London and the SE, everybody is a winner! Well apart from the sad saps who sit around hoping clubs get into bother so they can kick them when they are down.
Too late for Bury mate, they were thrown out of the league last summer and are expected to be officially liquidated soon.
 

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definitely something strange going on but the betting angle seems a bit far fetched to me

the amount of money they'd have to bet to make that worthwhile would be enormous, and bookies don't tend to take that kind of action on smaller events, for obvious reasons
 

Ali Dia

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definitely something strange going on but the betting angle seems a bit far fetched to me

the amount of money they'd have to bet to make that worthwhile would be enormous, and bookies don't tend to take that kind of action on smaller events, for obvious reasons
maybe they do in China? Fit and proper owner test. In this instance whoever sanctioned this should absolutely lose their job and the league should be held responsible. Maybe it’ll tighten things up a bit
 

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maybe they do in China? Fit and proper owner test. In this instance whoever sanctioned this should absolutely lose their job and the league should be held responsible. Maybe it’ll tighten things up a bit
Oh look - a flock of flying pigs
 

arnie_ni

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Shame. Used to be my favourite opponent for a few years. Easy 4-0 win both home and away while rivals were struggling against them.
They cost us the league to city that year. Maloney the prick.
 

Tarrou

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maybe they do in China? Fit and proper owner test. In this instance whoever sanctioned this should absolutely lose their job and the league should be held responsible. Maybe it’ll tighten things up a bit
There are brokerages who take large bespoke bets in China, but they use risk management like any bookie.

If some geezer rocks up and suddenly wants to bet a huge amount on Wigan getting relegated, who are 100/1, huge red flags would be going off. You'd have to assume it was a 6 figure bet to make this 'scheme' worthwhile to them.

It just seems a bit far fetched to me, but stranger things have happened.
 

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<current events post> in all the aftermath of the tariff war from last year with China, bullying of the NBA, Australian swimmers and any critic, and their handling and hiding of Covid until it was too late for rest of the world; if there is one thing I would like to emerge from all this is better scrutiny of companies from China when they are either purchasing or raising money outside their home country.

There are so many Chinese corporate frauds which are listed on American exchanges and are essentially a conduit to defraud Western investors using cooked books.

Corporate Germany / BaFin isn't much better before anyone embarks on whataboutism.
 

Ollie Derbyshire

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Horrendously racist fan base, best thing about their ground was the half time pie. Inbred feckwits for fans....
I’m from that ‘inbred feckwit’ town, you should be a little more careful how you generalise people.