Wigan - Into Administration

Discussion in 'Bulletin Board' started by Bruce, Jul 1, 2020.

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  1. BarnsleyBomber

    BarnsleyBomber Well-Known Member

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    cool
     
    BarnsleyBomber, Jul 1, 2020
    #101
  2. Gimson&theBarnsleys

    Gimson&theBarnsleys Well-Known Member

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    There's an awful lot of teams living on borrowed time there - Reading for example, WTF?
    Just goes to show, get through this and we could be competative. For those who can, get a season ticket bought, this could be the start of a very interesting ride.
     
    Gimson&theBarnsleys, Jul 1, 2020
    #102
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  3. Ric

    RichieD Well-Known Member

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    Sad for the fans, but Wigan's troubles start before COVID. Sailed far too close to the wind, with wages and transfer fees exceeding income by a long, long way. COVID delivered the final blow, but the dye was cast. The price of a fundamentally small club living beyond its means. When Kieffer remarked he'd outgrown Barnsley and so was off to Wigan, with its acres of empty seats, I found it all a bit surreal. Seem to remember their wage bill in League One was actually bigger than ours in the Championship last time round.
     
    RichieD, Jul 1, 2020
    #103
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  4. Old Goat

    Old Goat Well-Known Member

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    Thanks for that. And if Wigan fail to find a new owner and collapses completely - as unlikely as it may seem - is our outstanding money for Moore a problem for us or is it covered elsewhere somehow?
     
    Old Goat, Jul 1, 2020
    #104
  5. pompey_red

    pompey_red Well-Known Member

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    Kieffer hadn't outgrown Barnsley, He'd outgrown our wage structure. The players wont suffer though, guaranteed wages even if they defer a bit to look like they are helping out.

    As usual its the fans who suffer.
     
    pompey_red, Jul 1, 2020
    #105
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  6. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    Well that depends - if Wigan cant exit administration and are liquidated the wagest guarantee means nothing - they will get very little
    Its also not really the fans that suffer with an administration either - its not football creditors who usually get only a fraction back of what they are owed but usually they have a choice of a fraction or nothing
     
    Farnham_Red, Jul 1, 2020
    #106
  7. Redhelen

    Redhelen Well-Known Member

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    Always been a rugby town though, stadium was so empty when we visited this season.
     
    Redhelen, Jul 1, 2020
    #107
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  8. dreamboy3000

    dreamboy3000 Well-Known Member

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    Brilliant news. Hopefully the first in a long line of cheats to get what is coming to them. Had the league started January 1st they would be easy top of the league. So I reckon now players heads will drop and they will struggle to motivate themselves to stay up. I am far more confident now of beating them next week.
     
    dreamboy3000, Jul 1, 2020
    #108
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  9. Red

    Red Rain Well-Known Member

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    That money will currently reside in Debtors on the Balance Sheet. If it is not paid, it will clearly affect our future cash flow as we will certainly have included it there. Nevertheless, the club sold 3 players before the start of the season, and as far as I am aware Stoke City and Brentford are still supported by their owners, so there will be some cash from there. In any event, Mowatt enter the final year of his contract next season, and provided the market is not shot, that means that he will be sold.

    From Moore's point of view, whilst the Administration continues, the club will still hold his registration and he is stuck there. If the club sinks, he has no club and is effectively entitled to look for a new employer. If the Administrator decides that he can no longer afford to pay Moore's wages, he can tell him that he can go, but Moore cannot play football for any club until the start of next season. I would not think that the Administrator would do that because he will want to try to release Moore's value when the transfer window reopens by selling him on.
     
    Red Rain, Jul 1, 2020
    #109
  10. BarTyke

    BarTyke Well-Known Member

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    You’d need a low loader.
     
    BarTyke, Jul 1, 2020
    #110
  11. Redhelen

    Redhelen Well-Known Member

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    No because they are in the relegation zone they will.go down anyway. Therefore it is more of a punishment to lose them in league 1 than it would be this year in the championship when they are already relegated.
     
    Redhelen, Jul 1, 2020
    #111
  12. pompey_red

    pompey_red Well-Known Member

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    All football Debts are covered, as dave says above though if the club folds are those debts still paid. Im not sure who pays the football debt, i assume any new owners must honour them to be granted the golden share, all other creditors and local business will get the 2p in the £1 and get royally shafted no doubt.
     
    pompey_red, Jul 1, 2020
    #112
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  13. Redhelen

    Redhelen Well-Known Member

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    Cant you play around with it a bit more to get us out of the relegation zone!!
     
    Redhelen, Jul 1, 2020
    #113
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  14. Stephen Dawson

    Stephen Dawson Well-Known Member

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    Seems surreal that 22nd with less than 12 point gap to Wigan will be enough. I hope the players don't see it like that though. It would be just our luck to take our foot off the gas and finish 23rd.
     
    Stephen Dawson, Jul 1, 2020
    #114
  15. Tykeored

    Tykeored Well-Known Member

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    I believe we were one of the last clubs, if not the last to go into admin. before they introduced points deductions
     
    Tykeored, Jul 1, 2020
    #115
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  16. Runner

    Runner Well-Known Member

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    Fixed it!

    upload_2020-7-1_14-33-13.png
     
    Runner, Jul 1, 2020
    #116
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  17. Barnsley_Blitz

    Barnsley_Blitz Well-Known Member

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    Couldn’t believe my ears when I heard this on radio! Makes me thankful that despite the negative views on Barnsley’s spending it certainly makes me more confident that we will be on the better side financially
     
    Barnsley_Blitz, Jul 1, 2020
    #117
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  18. BrunNer

    BrunNer Well-Known Member

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    ..and can you swap Luton for Huddersfield?
     
    BrunNer, Jul 1, 2020
    #118
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  19. lk3

    lk311 Well-Known Member

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    Dangerous stipulation that and not convinced it can be enforced.
    Dangerous cos it could be difference between a decent buyer opting in or out. Administrators are also then potentially liable for not getting the best deal for the creditors.
    Not enforceable (don’t think) as they are buying a business not a club (in legal sense).

    I agree in ideal world in the principal behind it, but just can’t see it.
     
    lk311, Jul 1, 2020
    #119
  20. pompey_red

    pompey_red Well-Known Member

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    what cant you see? its in the league rules. they protect their own.
     
    pompey_red, Jul 1, 2020
    #120
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