Agree, they are a great set of fans who dipped in their pockets to help their club in a time of need. Well done to them. Really feel their pain. The club Wigan did though sign up to a set of rules, no matter how **** those rules may be, end of and nowt to grumble to us about. Do they really expect us not to celebrate staying up?
The appeal is in court of law, not over the table at the EFL offices or at Wigan’s stadium or where ever. It’s normal for a court date to take 14 to 21 days. this is a side show by the administrators to try and gain sympathy for Wigan, they will be there for months and need the Wigan community to be onside in a “us against the world” attitude, as they will be required for fund raising. They will have an enormous tax bill due, their PAYE bill will be in the region of 650k a month Paid quarterly! Like I put in a previous post the administrators will be their for months. Look at the administration Barnsley was under it took 10 months or so, and the debt we had was peanuts in comparison, caused by the failure of ITV digital.
Just as an aside, if you read John Dennis’s book he says the administration was due entirely to the bank pulling the rug out from under the club by withdrawing the overdraft facility and nothing to do with ITV digital.
The hole in the finances was due to accounting to receive that money from the ITV digital contract, that never came, the bank withdrew its support. due to the way the club was structured, the clubs shares were spread far and wide, it was impossible for a major investor “The Cryne family”to place funds into the club at that time. Hence administration and the fallout.
I admit it is some years since I read John’s book but I the impression I took from it was that if the overdraft facility had been left in place then administration need never have happened
Combination of relegation to the 3rd tier, ITV digital not fulfilling their obligations led to the bank withdrawing financial support and calling in or restricting an overdraft facility, from memory. Certainly wasn’t a case of wreckless overspending.
Not sanctioning the deal for Ashley Ward and deciding against taking Craig Hignett on loan fecked us over too.
No Barnsley fan should ever bank with the NatWest. We were in credit at the bank and hadn't used the £1 million overdraft facility, yet they removed it when they heard about the ITV Digital collapse.
This is an interesting thread, which shows some reason why Wigan are so upset, and I suspect why they feel they have a case in the appeal. Personally, all this shows is the the owners that Whelan sold to, have gone on to act poorly. And the person control was then handed to, was even worse. But I don't see how the football club can disassociate itself from it's owners and say they couldn't see it coming, when it was a the club's owners that chose to bring in the administrators. I don't know what the fit & proper test is supposed to check, but I would've thought it could only check factual things (criminal record, bankruptcies etc...), and not have a conclusion "seems a bit dodgy". I suspect the appeal is all about the dodgy takeover, in which case I don't know how strong a case they would have. Hopefully the verdict is that the owner of the club still chose to put the club into administration, and the fit & proper tests are a separate thing. Would need someone more qualified than me to say if a dodgy takeover qualifies as force majeure. I'd reply to the person that shared with the #barnsleyfc hashtag, but I'd need my tin hat on. And can do without Twitter squabbles.
I don’t get how they are trying to say the club is a different entity to the owners actions in mismanaging they club.... isn’t that the same with any club going in to administration?
Iv written in previous post mate. The HK Fund that purchased Wigan in 2017 saw a get out and staged a takeover to transfer the company which incorporated Wigan Athletic football Club to another entity, which removes their financial and legal obligations as they are no longer the legal owners. The proposed take over by the new owner was approved, as the new entity passed the “fit and proper persons test” and verified they had funds to provide operational capital to keep Wigan afloat. Upon formal transfer of the company to the new owner, that new owner placed them almost immediately into administration. The EFL is not responsible for club owners hoodwinking their own asset. Lessons need to be learned by the EFL and countermeasures need to be looked at to stop this type of behaviour, but they have no justification to appeal the points deduction. As under the current EFL rules, they are clearly in administration and were placed into administration by the “person of control” of their last legal ownership. The betting scandal is not even worth a comment.
If that thread is correct - and I suspect parts of it are true and parts arent - really not convinced about the bet on relegation I can understand why Wigan are upset, however a bent takeover is not a Force Majure event and cant be relevant to the appeal, It may be bad business it may even be fraud but its not Force majure
Agreed. They were doomed the second Whelan sold the club to Choi. I think the bet is just a red herring
The reason for that is John Dennis wrote his book without using predictive text....unlike John Dennison.
The sad thing is I can’t blame predictive text. I knew something wasn’t quite right! My apologies to JD if he happens to read this board