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Post by northwestman on Jul 1, 2020 15:02:41 GMT 1
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Post by Deleted on Jul 1, 2020 15:03:18 GMT 1
Go get Callum Lang
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Post by ThrobsBlackHat on Jul 1, 2020 15:10:54 GMT 1
Them and Blackburn robbed us by overspending.
If they come to us next season I would want to take money out of the buckets.
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Post by northwestman on Jul 1, 2020 15:17:10 GMT 1
I wonder if that means that the Rugby League side has gone bust too?
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Post by scooter on Jul 1, 2020 15:57:20 GMT 1
You are really late this time. 2 or 3 other threads already
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Post by El Huracán!!!! on Jul 1, 2020 16:00:44 GMT 1
If only they didnt run up 8 million pounds of debt pipping us to promotion in 17/18
Little Sympathy
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Post by llanymynechshrew on Jul 1, 2020 16:31:37 GMT 1
If only they didnt run up 8 million pounds of debt pipping us to promotion in 17/18 Little Sympathy Yep Blackburn too. All seems very unfair.
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Post by gainsparkshrew on Jul 1, 2020 16:41:14 GMT 1
If only they didnt run up 8 million pounds of debt pipping us to promotion in 17/18 Little Sympathy Lost £16 million in the year ending 30th June 2019, with a wage bill higher that their total income...absolute disgrace
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Post by chirkshrew on Jul 1, 2020 17:04:07 GMT 1
Aye, said all along, these lot, Blackburn and bolton, basically says it's ok to break the ffp rules when getting promoted to championship, and the likes of shrewsbury running a steady ship, and getting laughed at by those lot----- ****ing stinks in my opinion
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Post by Deleted on Jul 1, 2020 17:33:01 GMT 1
Makes my flipin blood boil . I well remember them playing the billy big ballocks the season they went up . They forget they were a small p**s ant of a club until someone came along with a large wad and BOOM they skyrocketed up the Leagues. Makes me puke , hope they crash and burn and flip off to where they belong - obscurity.
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jacksdad
Midland League Division Two
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Post by jacksdad on Jul 1, 2020 18:44:26 GMT 1
Mixed feelings for me. On one level they were a minnow playing against the big boys in the Prem League and held their own for a couple of seasons. Their cup win against City was fantastic and I was genuinely please for Dave Whelan. One the down side, once relegated from the Prem League they had delusions of grandeur and they also have arguably one of the worst football songs in the world but definitely England - Ooh Ah, Ooh Ah, Ooh to be a Wiganer.....really?? Also, who has a feckin' pier miles from the seaside? That said, I feel for their fans as yet another club teeters on the brink.
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Post by El Huracán!!!! on Jul 1, 2020 18:50:07 GMT 1
If only they didnt run up 8 million pounds of debt pipping us to promotion in 17/18 Little Sympathy Yep Blackburn too. All seems very unfair. I have done an interview with the author of the "Ugly Game" which looks at the unfairness in football all about the 17/18 season and the disparity between us and Blackburn/Wigan. I suspect today's events will be a nice footnote to the story. Should be out next year.
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Deleted
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Post by Deleted on Jul 1, 2020 19:05:44 GMT 1
Who said capitalism is fair?
It's neo-liberal capitalism that creates the conditions for Wigan and Blackburn to go boom and bust.
Market forces enable the PL to make 100s of millions. No one cares about us unless we play Liverpool in the FA Cup.
And then we get shafted anyway.
We all enjoy the consumer market and what capitalism can bring us, so we shouldn't going on about how unfair it was back in 17/18 while, enjoying the system that enables that disparity.
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Post by GrizzlyShrew on Jul 2, 2020 0:04:40 GMT 1
I see there is a campaign up already to get the EFL to rescind the 12 point penalty. It asks you to add your signature to it, they are at about 3000 so far. It stayed at that number with me, feck em.
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Post by chirkshrew on Jul 2, 2020 6:50:09 GMT 1
And the efl will probably rescind it, absolutely no faith in them at all.have they deducted bolton 6 points for not fulfilling 2 fixtures from last season---- well that needs to be sorted, but correct me if I'm wrong uts
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Post by Feedo Gnasher on Jul 2, 2020 6:57:40 GMT 1
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Post by northwestman on Jul 2, 2020 8:39:19 GMT 1
'The figures cover the season 2017-18 when Latics were promoted as champions of League One and reached the quarter final of the FA Cup.
Turnover decreased by £18.4 million to £6.7 million primarily due to the fact this was the first season without Premier League parachute payments.
EFL central payments and match related revenues also decreased as a result of the club competing in League One'.
Just shows how those parachute payments skew things.
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Post by LetchworthShrew on Jul 2, 2020 8:44:40 GMT 1
I see there is a campaign up already to get the EFL to rescind the 12 point penalty. It asks you to add your signature to it, they are at about 3000 so far. It stayed at that number with me, feck em. Bugger that!
I am wondering though whether they think they will get enough points to avoild being relegated anyway having won all 3 games since the restart.
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Post by sheltonsalopian on Jul 2, 2020 9:04:13 GMT 1
I see there is a campaign up already to get the EFL to rescind the 12 point penalty. It asks you to add your signature to it, they are at about 3000 so far. It stayed at that number with me, feck em. Bugger that!
I am wondering though whether they think they will get enough points to avoild being relegated anyway having won all 3 games since the restart.
I think's their gamble. There's no reason to announce administration at this point in time when you're so close to the end of the season and looking like heavy favourites to stay in the championship. Only thing that makes sense is they'd rather gamble they can still stay up now with a 12 point deduction, then start next season on -12 and essentially be relegated before the season begins.
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Post by northwestman on Jul 2, 2020 9:25:48 GMT 1
Bugger that!
I am wondering though whether they think they will get enough points to avoild being relegated anyway having won all 3 games since the restart.
I think's their gamble. There's no reason to announce administration at this point in time when you're so close to the end of the season and looking like heavy favourites to stay in the championship. Only thing that makes sense is they'd rather gamble they can still stay up now with a 12 point deduction, then start next season on -12 and essentially be relegated before the season begins. At the moment, they'd drop to 38 points. That's 4 points off safety with only 6 games left. That said, they've gone 9 games without defeat, and 2 of their remaining games are against Barnsley and Hull.
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Post by sheltonsalopian on Jul 2, 2020 9:38:05 GMT 1
I think's their gamble. There's no reason to announce administration at this point in time when you're so close to the end of the season and looking like heavy favourites to stay in the championship. Only thing that makes sense is they'd rather gamble they can still stay up now with a 12 point deduction, then start next season on -12 and essentially be relegated before the season begins. At the moment, they'd drop to 38 points. That's 4 points off safety with only 6 games left. That said, they've gone 9 games without defeat, and 2 of their remaining games are against Barnsley and Hull. Yeah exactly, they're gambling that because they're in good form they'll be able to survive regardless of the points deduction as opposed to having it next season
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Post by Deleted on Jul 2, 2020 10:52:10 GMT 1
Only putting off the inevitable , they will eventually collapse and fall into League 2 . I get so very annoyed when we get clubs like Wigan , Blackburn and Sunderland coming down to our ground with their fans almost looking down on us as country bumpkins who don’t know about the game . The Sunderland film on Netflix did it for me . What a disgrace , what a way to run a club . The facility they installed to help players recover after games cost hundreds of thousands . It was used just a few times by their CEO who had a bad back . Thank God our club is so well run . Apart from RW we have surely one of the best in Brian Caldwell . Long may he continue .
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pensh
Shropshire County League
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Post by pensh on Jul 2, 2020 11:20:56 GMT 1
'The figures cover the season 2017-18 when Latics were promoted as champions of League One and reached the quarter final of the FA Cup. Turnover decreased by £18.4 million to £6.7 million primarily due to the fact this was the first season without Premier League parachute payments. EFL central payments and match related revenues also decreased as a result of the club competing in League One'. Just shows how those parachute payments skew things. At the end of the day the parachute payments are just a reward for failure. Scrap them immediately and at least we can pretend it's a level playing field.
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Post by GrizzlyShrew on Jul 2, 2020 13:19:35 GMT 1
At the end of the day Wigan are basically a L1/L2 club that have punched above their weight for a few seasons.
Others that have done the same like Bradford and Swindon all came back to their traditional level (with financial problems to contend with) and i expect Bournemouth to join the group as soon as they finally fall out of the Premiership circus.
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Post by Deleted on Jul 2, 2020 13:39:57 GMT 1
At the end of the day Wigan are basically a L1/L2 club that have punched above their weight for a few seasons. Others that have done the same like Bradford and Swindon all came back to their traditional level (with financial problems to contend with) and i expect Bournemouth to join the group as soon as they finally fall out of the Premiership circus. Weren’t Bournemouth in the s**te some years back before being bailed out by a new owner but leaving local firms owed loads . I’m sure I read that on here some time back . Got no time for “ little Bournemouth “ another bloody club living the high life now facing the reality of relegation . Once again the parachute payment will help enormously which is disgraceful . Aaaaaaaarh , it drives me bloody mad .
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Post by northwestman on Jul 2, 2020 14:55:12 GMT 1
The administrator for Wigan Athletic has admitted that there is no guarantee the players and staff will be paid tomorrow amid concerns that the club could follow Bury in being ejected from the English Football League.
Gerald Krasner, from Begbies Taylor, said that the owners, who only bought the Championship club last month, have refused to put in any more money and that there was only a “75 per cent” chance of completing the season.
Four weeks ago Wigan was sold from one Hong Kong-based company to another, both of which were, until recently, majority owned by the same businessman and a high-stakes poker player, Dr Choi Chiu Fai Stanley.
Krasner said that he is now dealing with the English lawyers of the owners and would be leading an investigation into the circumstances that led to the club being put into administration yesterday.
It was in November 2018 that former chairman Dave Whelan sold the club to International Entertainment Corporation (IEC), a Hong Kong-based, Cayman Islands-registered company, for £15.9 million. Last month, however, IEC sold the club to Next Leader Fund, another Hong Kong-based consortium, for £17.5m, plus repayment of £24.36m the company had invested in the club.
Krasner said he did not know if the loan had been repaid as part of the sale but yesterday he detailed the dire circumstances Wigan are now in, even admitting that there was an issue around the insurance of the players before their encounter with Stoke City earlier this week. Krasner said that the situation was resolved.
Asked how a club can be put into administration only four weeks into new ownership, Krasner said: “I think that’s a first and that will have to be looked at in due course. But my priority is to get this club sold and get them to the end of the season.
“Every administration I’ve been involved in has had its peculiarities but I think four weeks is a record that will stand for some time. The owners have said they are not putting any more money in, hence I’m sitting here today.”
Krasner said that he already has “12 interested parties” and will be distributing non-disclosure agreements and seeking proof of funds. He said the club could be acquired for as little as £10 million despite its assets, including the stadium and the training ground. He also asked journalists on a video conference call to circulate his phone number and email details, such is the urgency.
Krasner said that he hoped to have a list down to two serious bidders “by the end of July”. He stressed that the “75 per cent chance” of Paul Cook’s side being able to complete the season could arise.
“We are working on that as we speak,” Krasner said in response to a question about wages, which are due to be paid tomorrow. “I’m not going to guarantee anything but I’m going to do the best that I can. If wages are paid, even if they are not paid in full, everyone feels a bit better.
“The money I have to raise now is to make sure the travelling expenses are paid for the match on Saturday. It’s day to day items as well as wages. It’s not as bad as Bury because they are not in the Football League anymore. But if we don’t solve it and sell it then yes, it’s as bad as Bury, because the ultimate sanction is liquidation.”
Krasner said that he expected at least one more Championship club to go into administration and called for the EFL and the Premier League to consider revising their insolvency rules.
“Every director has to fill in a questionnaire and that will involve the owner,” he said. “We will be looking at the transaction from the Hong Kong company. We just don’t know what’s gone on.
“My experience tells me most things in football, financially, don’t make sense. But I think the Premier League and the EFL may have to revise, short term, their insolvency rules if a number of clubs start going over. And start looking at foreign ownership a bit more.
“If somebody is sat 5000 miles away it’s much easier to do things than if you live in the town where you own the football club. What we don’t know yet is whether the new owner has repaid that loan by putting his own money in.”
The Times.
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Post by GrizzlyShrew on Jul 2, 2020 15:08:58 GMT 1
The administrator for Wigan Athletic has admitted that there is no guarantee the players and staff will be paid tomorrow amid concerns that the club could follow Bury in being ejected from the English Football League. The Times. Towm set to rise up the EFL simply for being better run than many clubs. About time too
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Post by Deleted on Jul 2, 2020 15:10:08 GMT 1
If anyone can sort this out then Gerald Krasner can.
The Times article certainly highlights that the Football League certainly has its work cut out when it comes to the ownership of some clubs, such as in this case.
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Post by northwestman on Jul 2, 2020 15:14:12 GMT 1
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Post by northwestman on Jul 2, 2020 15:19:41 GMT 1
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