Plucky Little Wigan 19:15 - Jul 2 with 5905 views | basilrobbiereborn | What on earth is REALLY going on there then? Mr. Krasner has already gone on the record to say that they are not certain to see the season though to completion. He knows how to manage expectations, does Gerald. Nice to see that the integrity of that competition is also in good hands, like L1 and L2 have proved to be. | ![](/images/avatars/0.gif) |
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Plucky Little Wigan on 02:21 - Jul 25 with 1138 views | BringBackTheRedRoom |
Plucky Little Wigan on 00:48 - Jul 22 by BringBackTheRedRoom | Wigan Athletic supporters have launched an online petition to try to trigger a parliamentary debate around the EFL's owners' and directors' test. The petition, supported by the town's MP Lisa Nandy, has been set up before a significant day in club history. Early on Wednesday, administrators will give an update on their attempts to find a buyer for the stricken club. Then at 19:30 BST, Wigan host Fulham looking for a win to avoid relegation to League One. Paul Cook's side need a victory at the DW Stadium - and for other results to go their way - to be certain of staying up even with a 12-point penalty imposed for going into administration. Wigan are appealing against that penalty, with the hearing set for 31 July. The fans behind the petition argue that the EFL owners' and directors' test failed to protect Wigan, who were put into administration on 1 July, weeks after a change of ownership. The EFL passed the change in ownership, a point that is likely to be used as a central component of Wigan's appeal against their points deduction. Au Yeung Wai Kay, who heads Wigan's new owner Next Leader Fund, claims it had "invested more than £40m" in the club and blamed the coronavirus pandemic for the decision to put them into administration. The EFL owners' and directors' test measures whether owners meet standards greater than those required by law in order to protect football's reputation and image. But the petition wants the government to consider introducing such a test in law. The petition states: "The recent news that Wigan Athletic was being put into administration just weeks after new owners were approved by the EFL must lead to a review of the effectiveness of the owners' and directors' test and its use by the EFL. "At present, the test does not seem to be fit for purpose to protect football clubs in the future. If English football isn't able to act, the government should review the need for a statutory owners' and directors' test to ensure it is fit for purpose and protects clubs in the future." Wigan's fans need to generate 10,000 signatures to force the government to respond to their petition and 100,000 to stand a chance of a parliamentary debate. https://www.bbc.co.uk/sport/football/53494057 |
The joint administrators of Wigan Athletic Football Club have announced that, regrettably, negotiations with the preferred bidder for the club broke down late last night due to the bidder’s non-compliance in the first stage of exclusivity. The joint administrators are now in discussions with the next preferred of the five parties that made a bid to buy the club, with a view to progressing a sale over the course of this weekend. Until either the bidder themselves, or the Football League (EFL), elects to announce the identity of the party that is now in exclusive process to acquire the club and its assets, that will remain confidential. In addition, following the results of the last match of the Championship season on Wednesday 22 July, the joint administrators can confirm that they will progress with the appeal of the automatic 12-point deduction triggered by the administration of the club. The appeal is due to be heard by an independent disciplinary commission on 31 July 2020 and the outcome will be announced by the EFL at some time after that date. https://wiganathletic.com/news/2020/july/Statement-Update-For-Latics-Supporters- | ![](/images/avatars/15449.gif) |
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Plucky Little Wigan on 18:38 - Aug 12 with 1117 views | BringBackTheRedRoom |
Plucky Little Wigan on 00:48 - Jul 22 by BringBackTheRedRoom | Wigan Athletic supporters have launched an online petition to try to trigger a parliamentary debate around the EFL's owners' and directors' test. The petition, supported by the town's MP Lisa Nandy, has been set up before a significant day in club history. Early on Wednesday, administrators will give an update on their attempts to find a buyer for the stricken club. Then at 19:30 BST, Wigan host Fulham looking for a win to avoid relegation to League One. Paul Cook's side need a victory at the DW Stadium - and for other results to go their way - to be certain of staying up even with a 12-point penalty imposed for going into administration. Wigan are appealing against that penalty, with the hearing set for 31 July. The fans behind the petition argue that the EFL owners' and directors' test failed to protect Wigan, who were put into administration on 1 July, weeks after a change of ownership. The EFL passed the change in ownership, a point that is likely to be used as a central component of Wigan's appeal against their points deduction. Au Yeung Wai Kay, who heads Wigan's new owner Next Leader Fund, claims it had "invested more than £40m" in the club and blamed the coronavirus pandemic for the decision to put them into administration. The EFL owners' and directors' test measures whether owners meet standards greater than those required by law in order to protect football's reputation and image. But the petition wants the government to consider introducing such a test in law. The petition states: "The recent news that Wigan Athletic was being put into administration just weeks after new owners were approved by the EFL must lead to a review of the effectiveness of the owners' and directors' test and its use by the EFL. "At present, the test does not seem to be fit for purpose to protect football clubs in the future. If English football isn't able to act, the government should review the need for a statutory owners' and directors' test to ensure it is fit for purpose and protects clubs in the future." Wigan's fans need to generate 10,000 signatures to force the government to respond to their petition and 100,000 to stand a chance of a parliamentary debate. https://www.bbc.co.uk/sport/football/53494057 |
Administrator provides update on sale of Wigan Athletic The uncertainty over Wigan Athletic’s future ownership has dragged into another week. Co-administrator Paul Stanley says they are still talking with several potential bidders interested in buying the club. But nobody has paid the £100,000 bond which they are demanding to begin the exclusivity process. While frustrated by the lack of development, Stanley understands why the interested parties are doing their due diligence — and why it is taking time. With a stadium, two training grounds, statements and various contracts to scrutinise, the possible buyers want to know just what they are getting into before handing over £100,000 to the administrators’ lawyers. That non-refundable bond is to cover their legal costs should the bidder withdraw. “There’s not a lot of movement at the moment, there are still people there but they’re asking questions and finding out what they need to find out,” Stanley said. “We’re still engaging with interested parties, and there are people locally and overseas. “It’s a lot of work as nobody is sending the money and we’re having to deal with everyone’s questions. “I know everyone wants us to say, ‘It has happened’, and one day there will be that news — but we’re not there yet.” Exclusive: The sell-on clause in Joe Gelhardt's Leeds United deal The administrators, brought in on July 1, had previously identified a preferred bidder but talks collapsed when they wouldn’t pay the bond. A bid spearheaded by Warriors owner Ian Lenagan is the only party to publicly confirm interest in buying Latics. On the positive front, Stanley eased some fans’ concerns there may be a rush to secure a new owner, saying Latics could start their new campaign in League One next month in administration if necessary. Players will return to training today to begin preparing for the new campaign, with Leam Richardson - who was Paul Cook's assistant - taking charge. https://www.wigantoday.net/sport/football/administrator-provides-update-sale-wig | ![](/images/avatars/15449.gif) |
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Plucky Little Wigan on 18:59 - Aug 12 with 1112 views | spell_chekker |
Plucky Little Wigan on 18:38 - Aug 12 by BringBackTheRedRoom | Administrator provides update on sale of Wigan Athletic The uncertainty over Wigan Athletic’s future ownership has dragged into another week. Co-administrator Paul Stanley says they are still talking with several potential bidders interested in buying the club. But nobody has paid the £100,000 bond which they are demanding to begin the exclusivity process. While frustrated by the lack of development, Stanley understands why the interested parties are doing their due diligence — and why it is taking time. With a stadium, two training grounds, statements and various contracts to scrutinise, the possible buyers want to know just what they are getting into before handing over £100,000 to the administrators’ lawyers. That non-refundable bond is to cover their legal costs should the bidder withdraw. “There’s not a lot of movement at the moment, there are still people there but they’re asking questions and finding out what they need to find out,” Stanley said. “We’re still engaging with interested parties, and there are people locally and overseas. “It’s a lot of work as nobody is sending the money and we’re having to deal with everyone’s questions. “I know everyone wants us to say, ‘It has happened’, and one day there will be that news — but we’re not there yet.” Exclusive: The sell-on clause in Joe Gelhardt's Leeds United deal The administrators, brought in on July 1, had previously identified a preferred bidder but talks collapsed when they wouldn’t pay the bond. A bid spearheaded by Warriors owner Ian Lenagan is the only party to publicly confirm interest in buying Latics. On the positive front, Stanley eased some fans’ concerns there may be a rush to secure a new owner, saying Latics could start their new campaign in League One next month in administration if necessary. Players will return to training today to begin preparing for the new campaign, with Leam Richardson - who was Paul Cook's assistant - taking charge. https://www.wigantoday.net/sport/football/administrator-provides-update-sale-wig |
OK, Dave Whelan was from Wigan. But really, it isn't a football town. Why would anyone else, an outsider, want to buy the club? | ![](/images/avatars/15146.gif) |
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Plucky Little Wigan on 18:29 - Aug 13 with 1096 views | BringBackTheRedRoom |
Plucky Little Wigan on 18:59 - Aug 12 by spell_chekker | OK, Dave Whelan was from Wigan. But really, it isn't a football town. Why would anyone else, an outsider, want to buy the club? |
Wigan Athletic: Administrators set 31 August deadline to sell club Wigan may not be able to start the new season if the club is not sold by 31 August, say the Latics' administrators. Four parties are in talks to buy the troubled club, but administrators say if no buyer is available they would be responsible for the team. In a statement, they say they are not in a position to "commit to something we cannot see through", if a buyer cannot be found. The English Football League season is due to begin on Saturday, 12 September. Despite the ultimatum, the administrators say they are optimistic a deal can be done. "We are still hopeful that one of the bidders will be in a position to sign the contract as set out," they said. "If the contract is not signed [by 31 August], we will have to reconsider the position on the basis that the new season starts a week later." Wigan were officially relegated last week after they lost an appeal against a 12-point deduction for going into administration. The Latics appealed against the punishment on the grounds of 'force majeure' however an independent arbitration panel ruled against them. The club has also confirmed wages for all staff and the playing squad have been paid in full up to 31 July. Wigan's supporters' club has advanced the Latics the funds needed to buy next season's first-team kit. Meanwhile, Chey Dunkley became the latest Wigan player to leave following their relegation after he joined Sheffield Wednesday. Earlier on Thursday, Kieffer Moore joined Cardiff City as players continue to be sold as the club looks to stabilise its finances prior to a sale. https://www.bbc.co.uk/sport/football/53772484 | ![](/images/avatars/15449.gif) |
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Plucky Little Wigan on 15:01 - Aug 17 with 1080 views | BringBackTheRedRoom |
Plucky Little Wigan on 18:29 - Aug 13 by BringBackTheRedRoom | Wigan Athletic: Administrators set 31 August deadline to sell club Wigan may not be able to start the new season if the club is not sold by 31 August, say the Latics' administrators. Four parties are in talks to buy the troubled club, but administrators say if no buyer is available they would be responsible for the team. In a statement, they say they are not in a position to "commit to something we cannot see through", if a buyer cannot be found. The English Football League season is due to begin on Saturday, 12 September. Despite the ultimatum, the administrators say they are optimistic a deal can be done. "We are still hopeful that one of the bidders will be in a position to sign the contract as set out," they said. "If the contract is not signed [by 31 August], we will have to reconsider the position on the basis that the new season starts a week later." Wigan were officially relegated last week after they lost an appeal against a 12-point deduction for going into administration. The Latics appealed against the punishment on the grounds of 'force majeure' however an independent arbitration panel ruled against them. The club has also confirmed wages for all staff and the playing squad have been paid in full up to 31 July. Wigan's supporters' club has advanced the Latics the funds needed to buy next season's first-team kit. Meanwhile, Chey Dunkley became the latest Wigan player to leave following their relegation after he joined Sheffield Wednesday. Earlier on Thursday, Kieffer Moore joined Cardiff City as players continue to be sold as the club looks to stabilise its finances prior to a sale. https://www.bbc.co.uk/sport/football/53772484 |
Wigan Athletic owner enquired about administration before takeover Wigan Athletic's owner enquired about putting them into administration before he had even completed his takeover. Au Yeung Wai Kay spoke to insolvency practitioners Begbies Traynor about the possibility on 23 June - one day before informing the English Football League he had bought a 51% stake in the club. An independent commission described the situation as a "tragedy". The full written reasons for Wigan's failed appeal against their 12-point deduction were published on Monday. The sanction, which came into force following the final round of Championship fixtures on 22 July, saw the Latics relegated to League One. Wigan have been "let down by those who appear to have seen it as an opportunity for investment and profit", the commission said. The move to place the Latics into administration came on the same day the club were told the EFL would advance a £2.325m solidarity payment. Begbies Traynor, the club's administrator, is still attempting to find a buyer and has warned unless an agreement is reached by 31 August, it will have to consider whether the club can be funded into the 2020-21 season. The 40-page document, made public on Monday, highlights the financial turmoil that engulfed the club through decisions taken by their Hong Kong-based owner, some of which were discussed without the knowledge of Wigan's English-based officials before Kay had secured full control. "It may seem extraordinary that, notwithstanding the deal which was to be completed the following day which resulted in him becoming, in effect, the sole owner of the club, on 23 June Mr Kay had already contacted Begbies Traynor regarding putting the club into administration," outlined the commission. A Begbies Traynor source disputes this version of events and has told BBC Sport that administration was one of a number of scenarios that were discussed within the initial chat. However, through his solicitor, Kay did inform Begbies Traynor at that time that he was "not putting another penny" into the club. The commission said Kay was "not open" with Wigan officials and at a board meeting on 24 June made no mention of his conversation with Begbies Traynor the previous day - and then, on 26 and 29 June, gave "either false or knowingly misleading" assurances about future funding. Even prior to that, Kay was having an impact behind the scenes, complaining at the beginning of June about the EFL's decision to resume the season and, on 17 June, suspending Darren Royle, who was responsible for introducing Wigan's former owner and Kay's ex-business partner Stanley Choi to the club as chairman in 2018. At about the same time, Choi sold his 51% stake in the Next Leader Fund to Kay, who in turn refused to make available the £6m expected by Wigan "because his other business took priority", effectively sending the club into administration. It has also been revealed Barnsley, who were allowed to be part of the appeal proceedings on the basis they would have been relegated had Wigan been successful, asked for their costs to be paid by the Latics. The request was rejected by the commission. https://www.bbc.co.uk/sport/football/53807173 | ![](/images/avatars/15449.gif) |
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Plucky Little Wigan on 09:42 - Aug 24 with 1068 views | BringBackTheRedRoom |
Plucky Little Wigan on 15:01 - Aug 17 by BringBackTheRedRoom | Wigan Athletic owner enquired about administration before takeover Wigan Athletic's owner enquired about putting them into administration before he had even completed his takeover. Au Yeung Wai Kay spoke to insolvency practitioners Begbies Traynor about the possibility on 23 June - one day before informing the English Football League he had bought a 51% stake in the club. An independent commission described the situation as a "tragedy". The full written reasons for Wigan's failed appeal against their 12-point deduction were published on Monday. The sanction, which came into force following the final round of Championship fixtures on 22 July, saw the Latics relegated to League One. Wigan have been "let down by those who appear to have seen it as an opportunity for investment and profit", the commission said. The move to place the Latics into administration came on the same day the club were told the EFL would advance a £2.325m solidarity payment. Begbies Traynor, the club's administrator, is still attempting to find a buyer and has warned unless an agreement is reached by 31 August, it will have to consider whether the club can be funded into the 2020-21 season. The 40-page document, made public on Monday, highlights the financial turmoil that engulfed the club through decisions taken by their Hong Kong-based owner, some of which were discussed without the knowledge of Wigan's English-based officials before Kay had secured full control. "It may seem extraordinary that, notwithstanding the deal which was to be completed the following day which resulted in him becoming, in effect, the sole owner of the club, on 23 June Mr Kay had already contacted Begbies Traynor regarding putting the club into administration," outlined the commission. A Begbies Traynor source disputes this version of events and has told BBC Sport that administration was one of a number of scenarios that were discussed within the initial chat. However, through his solicitor, Kay did inform Begbies Traynor at that time that he was "not putting another penny" into the club. The commission said Kay was "not open" with Wigan officials and at a board meeting on 24 June made no mention of his conversation with Begbies Traynor the previous day - and then, on 26 and 29 June, gave "either false or knowingly misleading" assurances about future funding. Even prior to that, Kay was having an impact behind the scenes, complaining at the beginning of June about the EFL's decision to resume the season and, on 17 June, suspending Darren Royle, who was responsible for introducing Wigan's former owner and Kay's ex-business partner Stanley Choi to the club as chairman in 2018. At about the same time, Choi sold his 51% stake in the Next Leader Fund to Kay, who in turn refused to make available the £6m expected by Wigan "because his other business took priority", effectively sending the club into administration. It has also been revealed Barnsley, who were allowed to be part of the appeal proceedings on the basis they would have been relegated had Wigan been successful, asked for their costs to be paid by the Latics. The request was rejected by the commission. https://www.bbc.co.uk/sport/football/53807173 |
Wigan Athletic administrator taking legal action over 'serious allegation' Gerald Krasner says he is taking legal action over 'a serious allegation' which was levelled against him and his fellow Wigan Athletic administrators on social media on Sunday. The posting - from an unnamed party, seemingly involved in the process - made a series of claims about the administrators, and their role in finding new owners for the football club. With only a week to go until the August 31 deadline - set by the administrators themselves - to find a buyer, Latics fans were understandably up in arms at the controversial content. Krasner says he will address the allegations 'in due course' but has already started legal action. "I will be commenting on this in due course," he told the Wigan Post. "But you've got to ask yourself one question...why would a person want to remain anonymous? "If it's who I think it is, it will become obvious immediately. "I have no evidence yet...(but) this is a very serious matter. "A lot of the matters are not serious, but this is a serious allegation. "I'm talking with lawyers tonight, and this will be answered in due course, in full. "But I have got nothing to hide. "And last but not least, ask yourself again why this person would remain anonymous?" The Latics Supporters Club also issued their response to the matter, appealing for calm at a time of obvious high tension. "We would ask that fans please keep the faith that there is lots of work going on to support the survival of our football club," they tweeted. "Rumours & negative stories do not help the hard work that is happening. "We have already achieved so much by working TOGETHER. "Please let’s continue that!" https://www.wigantoday.net/sport/football/wigan-athletic-administrator-taking-le | ![](/images/avatars/15449.gif) |
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Plucky Little Wigan on 22:11 - Aug 24 with 1056 views | BringBackTheRedRoom |
Plucky Little Wigan on 09:42 - Aug 24 by BringBackTheRedRoom | Wigan Athletic administrator taking legal action over 'serious allegation' Gerald Krasner says he is taking legal action over 'a serious allegation' which was levelled against him and his fellow Wigan Athletic administrators on social media on Sunday. The posting - from an unnamed party, seemingly involved in the process - made a series of claims about the administrators, and their role in finding new owners for the football club. With only a week to go until the August 31 deadline - set by the administrators themselves - to find a buyer, Latics fans were understandably up in arms at the controversial content. Krasner says he will address the allegations 'in due course' but has already started legal action. "I will be commenting on this in due course," he told the Wigan Post. "But you've got to ask yourself one question...why would a person want to remain anonymous? "If it's who I think it is, it will become obvious immediately. "I have no evidence yet...(but) this is a very serious matter. "A lot of the matters are not serious, but this is a serious allegation. "I'm talking with lawyers tonight, and this will be answered in due course, in full. "But I have got nothing to hide. "And last but not least, ask yourself again why this person would remain anonymous?" The Latics Supporters Club also issued their response to the matter, appealing for calm at a time of obvious high tension. "We would ask that fans please keep the faith that there is lots of work going on to support the survival of our football club," they tweeted. "Rumours & negative stories do not help the hard work that is happening. "We have already achieved so much by working TOGETHER. "Please let’s continue that!" https://www.wigantoday.net/sport/football/wigan-athletic-administrator-taking-le |
Wigan Warriors owner Ian Lenagan looks set to make bid for DW Stadium Wigan Warriors owner Ian Lenagan is thought to be positioning himself to make a bid for the DW Stadium. Chairman and majority owner Lenagan is understood to have spoken to administrators in charge of Wigan Athletic, which owns the majority of the venue. If the move goes ahead, Latics would continue to play at the 25,000-seater stadium - presuming they are saved and they start the new season. So far, no buyer has come forward offering administrators enough money to buy Wigan Athletic as well as the stadium, its two training grounds and the site of Sharpey's fish and chip shop. But by selling the DW Stadium - or even a majority stake - it may bring the value of the club more in line with the offers currently available. Administrators are trying to reduce Latics' debt to make the club more appealing to potential bidders - as well as keep the club running. They have a football creditors' debt of close to £6m and also need to pay £1m to other creditors - as well as money for administrators' fees and legal fees - before they can exit administration. Of course, there is still time for another buyer to enter the picture and make a lucrative offer for Latics and their current assets, but so far no bids have been forthcoming. Lenagan, who has kept silent throughout Latics' administration, did not reply to an invitation to comment. He had initially shown interest in buying Wigan Athletic, but made it clear from the start he needed more investors to make a deal feasible - which, presumably, didn't materialise. However, he has sold around 25 per cent of his stake in Wigan Warriors to millionaire Michael Danson - as reported earlier today - which is thought to have freed up enough money to make a move to try and acquire the DW Stadium. It is unclear, if the move went ahead, whether the stadium would technically be owned by Lenagan or Warriors. The two clubs have been stable-mates at the venue since the end of 1999. While there have been occasion issues over the years - usually related to the pitch or fixture clashes - it is an arrangement which suits both outfits financially. https://www.wigantoday.net/sport/rugby-league/wigan-warriors-owner-ian-lenagan-l | ![](/images/avatars/15449.gif) |
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Plucky Little Wigan on 22:15 - Aug 24 with 1054 views | BringBackTheRedRoom |
Plucky Little Wigan on 22:11 - Aug 24 by BringBackTheRedRoom | Wigan Warriors owner Ian Lenagan looks set to make bid for DW Stadium Wigan Warriors owner Ian Lenagan is thought to be positioning himself to make a bid for the DW Stadium. Chairman and majority owner Lenagan is understood to have spoken to administrators in charge of Wigan Athletic, which owns the majority of the venue. If the move goes ahead, Latics would continue to play at the 25,000-seater stadium - presuming they are saved and they start the new season. So far, no buyer has come forward offering administrators enough money to buy Wigan Athletic as well as the stadium, its two training grounds and the site of Sharpey's fish and chip shop. But by selling the DW Stadium - or even a majority stake - it may bring the value of the club more in line with the offers currently available. Administrators are trying to reduce Latics' debt to make the club more appealing to potential bidders - as well as keep the club running. They have a football creditors' debt of close to £6m and also need to pay £1m to other creditors - as well as money for administrators' fees and legal fees - before they can exit administration. Of course, there is still time for another buyer to enter the picture and make a lucrative offer for Latics and their current assets, but so far no bids have been forthcoming. Lenagan, who has kept silent throughout Latics' administration, did not reply to an invitation to comment. He had initially shown interest in buying Wigan Athletic, but made it clear from the start he needed more investors to make a deal feasible - which, presumably, didn't materialise. However, he has sold around 25 per cent of his stake in Wigan Warriors to millionaire Michael Danson - as reported earlier today - which is thought to have freed up enough money to make a move to try and acquire the DW Stadium. It is unclear, if the move went ahead, whether the stadium would technically be owned by Lenagan or Warriors. The two clubs have been stable-mates at the venue since the end of 1999. While there have been occasion issues over the years - usually related to the pitch or fixture clashes - it is an arrangement which suits both outfits financially. https://www.wigantoday.net/sport/rugby-league/wigan-warriors-owner-ian-lenagan-l |
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Plucky Little Wigan on 12:06 - Aug 26 with 1045 views | BringBackTheRedRoom |
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Plucky Little Wigan on 17:05 - Aug 26 with 1038 views | Imperial |
Having read the last few posts I fear Wigan may not survive. If the administrators sell the ground separately their fees will be assured and what is left will have little value leaving liquidation as the number one option. | ![](/images/avatars/0.gif) | | ![](/images/icons/ignore-user.png) |
Plucky Little Wigan on 22:35 - Aug 26 with 1021 views | BringBackTheRedRoom |
Plucky Little Wigan on 17:05 - Aug 26 by Imperial | Having read the last few posts I fear Wigan may not survive. If the administrators sell the ground separately their fees will be assured and what is left will have little value leaving liquidation as the number one option. |
Agree Imp. More might/should come out of the prezzer on Thursday, but if the rumours are true and a) They have sold the Euxton training ground to PNE. b) The stadium is sold to the RL club. c) The French/Yank consortium are buying just the team and other training ground, seems madness to me. Not sure how they'll fund a team when they've lost revenue streams from selling the ground and will have to pay rent to the new owners. Having to sell a player a month just to pay the wages as it is. | ![](/images/avatars/15449.gif) |
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Plucky Little Wigan on 12:41 - Aug 27 with 1010 views | BringBackTheRedRoom |
Plucky Little Wigan on 22:35 - Aug 26 by BringBackTheRedRoom | Agree Imp. More might/should come out of the prezzer on Thursday, but if the rumours are true and a) They have sold the Euxton training ground to PNE. b) The stadium is sold to the RL club. c) The French/Yank consortium are buying just the team and other training ground, seems madness to me. Not sure how they'll fund a team when they've lost revenue streams from selling the ground and will have to pay rent to the new owners. Having to sell a player a month just to pay the wages as it is. |
'DW Stadium won't be sold separate to Wigan Athletic' A co-administrator in charge of Wigan Athletic says he has no plans to sell the DW Stadium separate from the club. Gerald Krasner gave an update on Latics' future at a press conference today - a live blog is hereIt is understood Warriors chairman Ian Lenagan wants to buy the ground. Asked how close he was to selling the stadium - valued at £3m by the administrators - Krasner said: "We’re not selling the stadium as things stand as a one-off item." Asked whether Lenagan has approached to buy the stadium, he replied: "Without naming anyone, because of the non-disclosure agreements, I had an approach to buy all the properties but not the club. "I also had an approach to buy the properties split between two parties, with one buying the club. "That collapsed quickly. There’s been an offer for just the properties, which I will reject." https://www.wigantoday.net/sport/rugby-league/dw-stadium-wont-be-sold-separate-w | ![](/images/avatars/15449.gif) |
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Plucky Little Wigan on 12:46 - Aug 27 with 1008 views | BringBackTheRedRoom |
Plucky Little Wigan on 12:41 - Aug 27 by BringBackTheRedRoom | 'DW Stadium won't be sold separate to Wigan Athletic' A co-administrator in charge of Wigan Athletic says he has no plans to sell the DW Stadium separate from the club. Gerald Krasner gave an update on Latics' future at a press conference today - a live blog is hereIt is understood Warriors chairman Ian Lenagan wants to buy the ground. Asked how close he was to selling the stadium - valued at £3m by the administrators - Krasner said: "We’re not selling the stadium as things stand as a one-off item." Asked whether Lenagan has approached to buy the stadium, he replied: "Without naming anyone, because of the non-disclosure agreements, I had an approach to buy all the properties but not the club. "I also had an approach to buy the properties split between two parties, with one buying the club. "That collapsed quickly. There’s been an offer for just the properties, which I will reject." https://www.wigantoday.net/sport/rugby-league/dw-stadium-wont-be-sold-separate-w |
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| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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Plucky Little Wigan on 14:55 - Aug 27 with 1003 views | Imperial |
So the stadium bidders did not offer enough and the administrators have had to back pedal. The EFL are yet to make the problem worse as is their way in these circumstances. | ![](/images/avatars/0.gif) | | ![](/images/icons/ignore-user.png) |
Plucky Little Wigan on 23:09 - Aug 27 with 988 views | BringBackTheRedRoom |
Plucky Little Wigan on 14:55 - Aug 27 by Imperial | So the stadium bidders did not offer enough and the administrators have had to back pedal. The EFL are yet to make the problem worse as is their way in these circumstances. |
Wigan Athletic’s administrators confident of completing takeover deal, despite search for buyer There are calls for changes in the way English football is run to prevent clubs getting into financial difficulties. Wigan Athletic went into administration nearly two months ago and the administrators said today they’re in better financial shape after selling some players and the training ground but are yet to find a buyer. The town’s MP says it’s not just a problem facing Wigan and that fans need to be more involved with clubs management structures. https://www.channel4.com/news/wigan-athletics-administrators-confident-of-comple Video in the link is about Wigan and also AFC Bury match against Daisy Hill Gerald Krasner interview at about 3 mins in, is a classic. [Post edited 27 Aug 2020 23:15]
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| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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Plucky Little Wigan on 11:05 - Aug 28 with 979 views | basilrobbiereborn |
Plucky Little Wigan on 23:09 - Aug 27 by BringBackTheRedRoom | Wigan Athletic’s administrators confident of completing takeover deal, despite search for buyer There are calls for changes in the way English football is run to prevent clubs getting into financial difficulties. Wigan Athletic went into administration nearly two months ago and the administrators said today they’re in better financial shape after selling some players and the training ground but are yet to find a buyer. The town’s MP says it’s not just a problem facing Wigan and that fans need to be more involved with clubs management structures. https://www.channel4.com/news/wigan-athletics-administrators-confident-of-comple Video in the link is about Wigan and also AFC Bury match against Daisy Hill Gerald Krasner interview at about 3 mins in, is a classic. [Post edited 27 Aug 2020 23:15]
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I think Krasner should do more work and less burbling away on social media, personally. He makes the people who ran our process look like models of rectitude. | ![](/images/avatars/0.gif) |
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Plucky Little Wigan on 11:33 - Aug 28 with 970 views | spell_chekker |
Plucky Little Wigan on 11:05 - Aug 28 by basilrobbiereborn | I think Krasner should do more work and less burbling away on social media, personally. He makes the people who ran our process look like models of rectitude. |
I don't think Krasner's liquidated a football club yet. Missing from his C.V. | ![](/images/avatars/15146.gif) |
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Plucky Little Wigan on 15:23 - Aug 28 with 960 views | basilrobbiereborn |
Plucky Little Wigan on 11:33 - Aug 28 by spell_chekker | I don't think Krasner's liquidated a football club yet. Missing from his C.V. |
He may not have to wait much longer. I know there is a lot of brinkmanship with these things, but I am fearful that they are going to fold. I have absolutely no confidence in the people who are in charge of affairs now. | ![](/images/avatars/0.gif) |
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Plucky Little Wigan on 11:34 - Aug 29 with 943 views | BringBackTheRedRoom |
Plucky Little Wigan on 15:23 - Aug 28 by basilrobbiereborn | He may not have to wait much longer. I know there is a lot of brinkmanship with these things, but I am fearful that they are going to fold. I have absolutely no confidence in the people who are in charge of affairs now. |
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| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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Plucky Little Wigan on 11:22 - Aug 30 with 936 views | Imperial |
If Wigan do survive it is clear they will occupy one of the relegation positions. The EFL once again do not come out of this with any credit. Wigan, Blackpool, Bury, Bolton, Macclesfield, Notts county are part of an ever increasing list. Yes Blackpool were still solvent but still the EFL were prepared to cast the club aside and Notts County. Add to this a growing number of clubs still in trouble. | ![](/images/avatars/0.gif) | | ![](/images/icons/ignore-user.png) |
Plucky Little Wigan on 10:48 - Aug 31 with 922 views | BringBackTheRedRoom |
Plucky Little Wigan on 11:22 - Aug 30 by Imperial | If Wigan do survive it is clear they will occupy one of the relegation positions. The EFL once again do not come out of this with any credit. Wigan, Blackpool, Bury, Bolton, Macclesfield, Notts county are part of an ever increasing list. Yes Blackpool were still solvent but still the EFL were prepared to cast the club aside and Notts County. Add to this a growing number of clubs still in trouble. |
Wigan Athletic: Supporters reach £500,000 target with a day to spare A scheme to raise £500,000 to secure the future of Wigan Athletic has reached its target with a day to spare. Wigan Athletic supporters' club set the target to help the financially-troubled Latics after warning a buyer may not be found in time to start the season. Wigan's administrators had set a deadline of Monday to sell the club but have since stated they will not be sold by their original deadline. The supporters' club have now set a further target of £750,000 by Friday. In a statement, the supporters' club said: "Over the past week we are so pleased to have played a part in galvanising our fellow fans at a time when many of us were at our lowest point. "We absolutely believe that our club will be stronger when our supporters work together to safeguard its future." Earlier this year, Wigan fans raised £200,000 in order to allow the team to complete the 2019-20 Championship season. The club were relegated to League One after their administration triggered a 12-point deduction to take place at the resumption of the season. Since then, as the administrators seek a buyer, the Latics have sold a number of players amid ongoing financial concerns ahead of the new season. https://www.bbc.co.uk/sport/football/53967126 | ![](/images/avatars/15449.gif) |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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Plucky Little Wigan on 12:57 - Sep 1 with 912 views | BringBackTheRedRoom |
Plucky Little Wigan on 10:48 - Aug 31 by BringBackTheRedRoom | Wigan Athletic: Supporters reach £500,000 target with a day to spare A scheme to raise £500,000 to secure the future of Wigan Athletic has reached its target with a day to spare. Wigan Athletic supporters' club set the target to help the financially-troubled Latics after warning a buyer may not be found in time to start the season. Wigan's administrators had set a deadline of Monday to sell the club but have since stated they will not be sold by their original deadline. The supporters' club have now set a further target of £750,000 by Friday. In a statement, the supporters' club said: "Over the past week we are so pleased to have played a part in galvanising our fellow fans at a time when many of us were at our lowest point. "We absolutely believe that our club will be stronger when our supporters work together to safeguard its future." Earlier this year, Wigan fans raised £200,000 in order to allow the team to complete the 2019-20 Championship season. The club were relegated to League One after their administration triggered a 12-point deduction to take place at the resumption of the season. Since then, as the administrators seek a buyer, the Latics have sold a number of players amid ongoing financial concerns ahead of the new season. https://www.bbc.co.uk/sport/football/53967126 |
STATEMENT FROM THE JOINT ADMINISTRATORS (01.09.20) The Joint Administrators wish to announce the following: Discussions have taken place over the weekend with the bidders but at the time of this notice no agreed bid has been made The Joint Administrators can confirm that completion has taken place on the sale of Euxton Training Ground to Preston North End Gerald Krasner will be having a discussion with Barry Worthington of the Supporters Club at 5pm today. https://wiganathletic.com/news/2020/september/Statement-From-The-Joint-Administr | ![](/images/avatars/15449.gif) |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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Plucky Little Wigan on 11:53 - Sep 3 with 905 views | BringBackTheRedRoom |
Plucky Little Wigan on 12:57 - Sep 1 by BringBackTheRedRoom | STATEMENT FROM THE JOINT ADMINISTRATORS (01.09.20) The Joint Administrators wish to announce the following: Discussions have taken place over the weekend with the bidders but at the time of this notice no agreed bid has been made The Joint Administrators can confirm that completion has taken place on the sale of Euxton Training Ground to Preston North End Gerald Krasner will be having a discussion with Barry Worthington of the Supporters Club at 5pm today. https://wiganathletic.com/news/2020/september/Statement-From-The-Joint-Administr |
Wigan Athletic bidder drops out of the race Norman Smurthwaite has 'categorically' pulled out of the race to take over at Wigan Athletic - citing three major stumbling blocks. The 60-year-old former Port Vale owner had been one of the frontrunners to buy the stricken club, which has been in administration since July 1. He met with Gerald Krasner last week, and visited the DW Stadium and the training ground at Christopher Park. Initially, Smurthwaite had wanted Latics' training centre at Euxton to be part of the deal, but that was sold by the administrators to Preston North End earlier this week. And the 'harsh sale of assets' - as well as 'certain aspects of the stadium agreements' and the negative response from some Latics fans - has led him to withdraw his interest. "I am not buying Wigan Athletic," Smurthwaite told Wigan Today. "All parties know that. "I do want to get back into football, but I don't want to be swimming uphill like a salmon. "I understand I'm one of the only four who has passed the fit and proper test, and the only one who has had dialogue with the EFL - which is concerning. "Once I had an understanding of what Gerald Krasner wanted and the financial requirement to buy and fund the club, to between £7.5million and £10million in 18 months, I was concerned that was a big risk. "Another reason is over the weekend I had a flavour of the abuse I might get, from some fans. "To use an analogy, you have got a very sick individual who due to religious beliefs won't take interventions to save him. "That person can't be brought back but what's left behind are the people who cared for him. "It would be a massive loss to lose Wigan Athletic, and I genuinely mean that. It's an integral part of the community. "I believe the administrators have been too harsh on the sale of assets. "And there are certain aspects of the stadium agreements I wouldn't be happy with, there are wrinkles that need ironing out." Smurthwaite brought Port Vale out of administration back in 2012/13 in a deal involving Krasner's firm. However, it soon turned sour for Smurthwaite at Vale Park, leading him to sell up last year. Indeed, a number of Vale supporters took to social media to paint Smurthwaite's time in charge in a not-too-pleasant fashion - leading to their Wigan counterparts sending him messages of an unsavoury nature on hearing of his interest in Wigan. Krasner even took the unusual step of distancing himself from Smurthwaite via a fans' Q&A released through the Latics Supporters Club. “I want to make two things clear...I never met the guy until recently, and I did not do the sale of Port Vale to him," Krasner said. “I handled a completely different aspect of that administration. “He’s made himself public, which is a very silly thing to do.” Smurthwaite refutes the suggestion he 'made himself public' - as well as the notion he'd done previous business with Krasner - and insists his bid represented the best possible chance of saving the club. He also says he'd received assurances that a £3.5million interest-free loan he gave to the current Port Vale owners would not have precluded him from taking over at Wigan. Krasner, meanwhile, insists he has no preferences as to who will eventually take over. “To be honest, I don’t mind who buys it," added Krasner, speaking before Smurthwaite stepped back from the process. "But they have to pay the right price. "I'm still talking to the Americans, they were emailed yesterday. "But the problem is they're on a different time-zone, and we can't answer their emails a minute after we get them, we've got to think and dig out what they want. "We're talking to a lot of people - we're not just concentrating on one. "So no matter what the fans keep telling me...that I've got to give it away...that will not happen. "And why won't it happen? Because on top of the football creditors, we have to pay £1.3million to the other creditors (HMRC accounts for more than 50 per cent) or it's a 15-point penalty. "We have to pay the losses in the administration, which by the end of September will be £3million. "And we have to pay the costs - the EFL costs, our costs, our legal costs - and that is a figure just over £2million." https://www.wigantoday.net/sport/football/wigan-athletic-bidder-drops-out-race-2 | ![](/images/avatars/15449.gif) |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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Plucky Little Wigan on 11:57 - Sep 3 with 902 views | BringBackTheRedRoom |
Plucky Little Wigan on 11:53 - Sep 3 by BringBackTheRedRoom | Wigan Athletic bidder drops out of the race Norman Smurthwaite has 'categorically' pulled out of the race to take over at Wigan Athletic - citing three major stumbling blocks. The 60-year-old former Port Vale owner had been one of the frontrunners to buy the stricken club, which has been in administration since July 1. He met with Gerald Krasner last week, and visited the DW Stadium and the training ground at Christopher Park. Initially, Smurthwaite had wanted Latics' training centre at Euxton to be part of the deal, but that was sold by the administrators to Preston North End earlier this week. And the 'harsh sale of assets' - as well as 'certain aspects of the stadium agreements' and the negative response from some Latics fans - has led him to withdraw his interest. "I am not buying Wigan Athletic," Smurthwaite told Wigan Today. "All parties know that. "I do want to get back into football, but I don't want to be swimming uphill like a salmon. "I understand I'm one of the only four who has passed the fit and proper test, and the only one who has had dialogue with the EFL - which is concerning. "Once I had an understanding of what Gerald Krasner wanted and the financial requirement to buy and fund the club, to between £7.5million and £10million in 18 months, I was concerned that was a big risk. "Another reason is over the weekend I had a flavour of the abuse I might get, from some fans. "To use an analogy, you have got a very sick individual who due to religious beliefs won't take interventions to save him. "That person can't be brought back but what's left behind are the people who cared for him. "It would be a massive loss to lose Wigan Athletic, and I genuinely mean that. It's an integral part of the community. "I believe the administrators have been too harsh on the sale of assets. "And there are certain aspects of the stadium agreements I wouldn't be happy with, there are wrinkles that need ironing out." Smurthwaite brought Port Vale out of administration back in 2012/13 in a deal involving Krasner's firm. However, it soon turned sour for Smurthwaite at Vale Park, leading him to sell up last year. Indeed, a number of Vale supporters took to social media to paint Smurthwaite's time in charge in a not-too-pleasant fashion - leading to their Wigan counterparts sending him messages of an unsavoury nature on hearing of his interest in Wigan. Krasner even took the unusual step of distancing himself from Smurthwaite via a fans' Q&A released through the Latics Supporters Club. “I want to make two things clear...I never met the guy until recently, and I did not do the sale of Port Vale to him," Krasner said. “I handled a completely different aspect of that administration. “He’s made himself public, which is a very silly thing to do.” Smurthwaite refutes the suggestion he 'made himself public' - as well as the notion he'd done previous business with Krasner - and insists his bid represented the best possible chance of saving the club. He also says he'd received assurances that a £3.5million interest-free loan he gave to the current Port Vale owners would not have precluded him from taking over at Wigan. Krasner, meanwhile, insists he has no preferences as to who will eventually take over. “To be honest, I don’t mind who buys it," added Krasner, speaking before Smurthwaite stepped back from the process. "But they have to pay the right price. "I'm still talking to the Americans, they were emailed yesterday. "But the problem is they're on a different time-zone, and we can't answer their emails a minute after we get them, we've got to think and dig out what they want. "We're talking to a lot of people - we're not just concentrating on one. "So no matter what the fans keep telling me...that I've got to give it away...that will not happen. "And why won't it happen? Because on top of the football creditors, we have to pay £1.3million to the other creditors (HMRC accounts for more than 50 per cent) or it's a 15-point penalty. "We have to pay the losses in the administration, which by the end of September will be £3million. "And we have to pay the costs - the EFL costs, our costs, our legal costs - and that is a figure just over £2million." https://www.wigantoday.net/sport/football/wigan-athletic-bidder-drops-out-race-2 |
'No problems foreseen' from EFL meeting - Wigan Athletic administrator Gerald Krasner believes his meeting with the EFL to provide reassurances about Wigan Athletic's ability to start the season 'went well'. The administrators met with the governing body on Wednesday with little over a week to go before the start of the new EFL campaign. Latics are still looking for a buyer, having been in administration since July 1, and with more than half of last season's playing staff - and boss Paul Cook - moving on. But Krasner insists there's enough positive movement - despite one of the frontrunners, Norman Smurthwaite, pulling out yesterday - to suggest they will be given the green light to start 2020/21. "We as the administrators need the blessing of the EFL to start the season," he told the Wigan Post. "It went well, the meeting, and I'm not foreseeing any problems. "I would be amazed if they did come back with a problem. "We updated them where we are on the bidding, we told them we are confident we'll get a bid that we can actually get over the line, and we can start the season. "We put the case that if we didn't have a bidder that we were confident about, we wouldn't be asking. It would have been the end. "But we are confident about this. "There's no evidence we can give them in writing, but we are officers of the court, we're not going to lie - despite what some of the fans may think." When asked whether the American-led consortium - fronted by Oostende CEO Gauthier Ganaye - was now in pole position, Krasner added: "I'm not commenting on that. "But I haven't got just one iron in the fire, put it that way. "And I'm not holding anybody up, everybody's getting the same information. "Every bidder has been told why we need to do this, and where we are. "It's just a case of everybody putting their hands in their pockets if they want this. "Some of the people who I'm not even including as a bidder are coming to us with their fourth different consortium. "Well, you lose heart after the first one, let alone the third one. "I've got an inner ring of bidders and an outer ring of interested parties." Latics kick-off the season this weekend in the first round of the Carabao Cup at Fleetwood, and Krasner says off-field events will have no bearing on matters on-the-pitch. "I'm going to put a team out until somebody tells me I can't," he said. https://www.wigantoday.net/sport/football/no-problems-foreseen-efl-meeting-wigan | ![](/images/avatars/15449.gif) |
| ‘Where there is harmony, may we bring discord. Where there is truth, may we bring error. Where there is faith, may we bring doubt. And where there is hope, may we bring despair’ |
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Plucky Little Wigan on 21:03 - Sep 3 with 851 views | Imperial |
Plucky Little Wigan on 11:57 - Sep 3 by BringBackTheRedRoom | 'No problems foreseen' from EFL meeting - Wigan Athletic administrator Gerald Krasner believes his meeting with the EFL to provide reassurances about Wigan Athletic's ability to start the season 'went well'. The administrators met with the governing body on Wednesday with little over a week to go before the start of the new EFL campaign. Latics are still looking for a buyer, having been in administration since July 1, and with more than half of last season's playing staff - and boss Paul Cook - moving on. But Krasner insists there's enough positive movement - despite one of the frontrunners, Norman Smurthwaite, pulling out yesterday - to suggest they will be given the green light to start 2020/21. "We as the administrators need the blessing of the EFL to start the season," he told the Wigan Post. "It went well, the meeting, and I'm not foreseeing any problems. "I would be amazed if they did come back with a problem. "We updated them where we are on the bidding, we told them we are confident we'll get a bid that we can actually get over the line, and we can start the season. "We put the case that if we didn't have a bidder that we were confident about, we wouldn't be asking. It would have been the end. "But we are confident about this. "There's no evidence we can give them in writing, but we are officers of the court, we're not going to lie - despite what some of the fans may think." When asked whether the American-led consortium - fronted by Oostende CEO Gauthier Ganaye - was now in pole position, Krasner added: "I'm not commenting on that. "But I haven't got just one iron in the fire, put it that way. "And I'm not holding anybody up, everybody's getting the same information. "Every bidder has been told why we need to do this, and where we are. "It's just a case of everybody putting their hands in their pockets if they want this. "Some of the people who I'm not even including as a bidder are coming to us with their fourth different consortium. "Well, you lose heart after the first one, let alone the third one. "I've got an inner ring of bidders and an outer ring of interested parties." Latics kick-off the season this weekend in the first round of the Carabao Cup at Fleetwood, and Krasner says off-field events will have no bearing on matters on-the-pitch. "I'm going to put a team out until somebody tells me I can't," he said. https://www.wigantoday.net/sport/football/no-problems-foreseen-efl-meeting-wigan |
They are dead in the water. Smurthwaite has been associated with the potential purchase of a few clubs in the last two years each time they " have not been right" . | ![](/images/avatars/0.gif) | | ![](/images/icons/ignore-user.png) |
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