Wigan confirms they've lost the appeal

Nah sorry, isn't his job to do the best for the recovery of the company and the best he can do to clear the companies debts?
That for me doesn't mean throwing half a million quids at a frivolous appeal which he all but admits he knew was doomed to failure simply because he felt it was the nice thing to do to make fans happy and to make players happy. As harsh as it may be the feelings and desires of players and fans is not important one bit for his job. What is important is making the best business decisions to save the business, not throwing five hundred thousand pound away on sentiment.

 

He’s trying to get the most amount of money for Wigan so will use any means necessary - the downside is that he got Wigan fans hopes up.

 

Five hundred thousand at making 6-7 million is perfect sense. You really are deluded. I'm commenting on him doing his best job & he seems quite rational. You clearly are not. He's selling off what assets he can in a difficult market & seems genuinely decent. Am I glad they lost the appeal, of course I ******* am.

 

Half a million pound on something he knew he had no chance of winning is not good business sense. It's half a million thrown away and his justification for it was the fans and players.

Yes you're right half a million investment on a potential 6 million return is a good investment if there is a reasonable chance of success however if there is no real chance of success, as he himself alluded to, then it isn't a sound investment at all. As someone else said on here recently he may as well have taken the money to a casino

 

It’s not good business sense from an outsiders POV but it was a business gamble. They are looking to get the most amount of money for the business not the most rational one.

 

I don't know about anyone else, but I was sh!tting myself they might get a reduced points deduction. Hardly a punt.

 

What if the appeal and possibility of championship football was enough to secure a buyer? Obviously didn't work out like that in the end.

 

What if the fact that they were appealling the decision put a lot of potential buyers off? Also, knowing they could be a Championship club meant they would have to put up a lot more up front, also putting them off.

Anyway, as it is turning out it doesn't look like they have many people wanting to invest, even now after the appeal has failed.

 

There wasn't a potential buyer in the world who would have rushed in with an offer within a week because of a tiny possible chance of staying up. Everyone who was willing to take over the club would wait until the appeal was heard so they knew what they were getting

 

It’s a risk for sure. I think it was the right decision to appeal though. Even though I was adamant from day one that they were going to lose.

 

You’re right, as it happened, but there was the possibility of a scramble from buyers to secure it. If that turned out to be the case (not out of the question, when the appeal was lodged they had 6 interested parties, supposedly) the appeal could have made one pull the trigger to secure it.

 

I don't think it was right to appeal, for many reasons.

 

As I stated at the time, as a creditor I'd be pissed off . It's a clear rule administration = 12 point deduction in the season it happened, or next if the team is in the relegation zone, There was no wriggle room as I think Paul Cook knew when he was interviewed on the last day.

If I was a Wigan fan I'd be seething, that my owners could sell my club to a sham company to then go into administration without attempting to pay the bills till the end of the season.

I don't think we can be smug though, we ve no idea what our current owners have in store for us, could be good could be bad but we have no control over it.

One final point, do the trophies get sold?

 

And the family silver

 

I don’t know how it works, whether the trophies are given to the club for trophy cabinets by the FA/whoever after the time holding the real one is over, or if the club has to purchase one/get a replica made but I would imagine if it’s given that they remain property of the FA.

 

Absolutely, correct my friend. I agree with you there

 

To be fair they could have had an amazing week in Vegas with that cash.