Wigan - Into Administration

I think it will have the opposite effect, particularly in view of the run of form they're on. Currently they are 8 points above 3rd bottom, if they can pick up four more points than whoever finishes third bottom they will stop up whatever happens.

 

I would give you two likes for this if I could

 

Their form may change if they fail to pay players' wages.

 

Or they could just win 4 and finish on 50 anyway.

 

people very rarely pay up front for a house though , they mortgage it and pay it off, In the case of buying a player amortisation happens over the period of any contract length.

dont get me wrong im all for paying up front if you want something, especially to enforce FFP but it just doesn't happen

 

I wonder if there are any financial institutions that factor player transfers (if that's the word I want), whereby they forward the whole amount to the selling club - minus a hefty fee - and then pick up responsibility for chasing the installments.

 

apparently if they finish above the bottom 3, then 12 points deducted this season , if they finish in bottom 3 its 12 points next season

 

12 point deduction on the way to Wigan Athletic.

If they finish this season outside the drop zone, then the 12 points will be chalked off this season.

If they finish this season in the bottom three, they will start next season -12

 

So it should be automatic relegation rather than a points deduction?

 

The Price Of Football guy reckons Wigan may appeal the deduction due to force majeure, namely Covid.

Sorry to piss on anyone's chips.

 

No mate. What happens is that their share in the football league (by far their most valuable asset in truth) is suspended. They will not get it back until the club have settled all football related debts. Hence clubs like Leeds and Portsmouth pay up ex-managers they've sacked obscene amounts of money St John's ambulance and the one woman band who did the balloons at kids parties can go whistle. Hope they and other clubs who've cheated other clubs by overspending to out compete clubs like ours for players get exactly what they deserve.

 

The seller gets the full amount though. The debt and the risk sits with the mortgage lender. Perhaps there should be a similar "player mortgage lender" of some description?

 

Then everyone will do it to reduce debt at creditors' expense.

 

It’s in the league rules a new owner has to buy the debts? Really never knew that

 

Think that was one of the hurdles Patrick encountered whilst buying us .
The collegiate firm of Moyes etc had tied us up in knots with complicated forms of debt it took ages to come out of admin .

 

Im pretty certain it’s the year in which the admin happened unless the season has already closed

Crowds of a similar level to us?

4000 higher at Oakwell.

 

Lets face it it's me and you - i.e. the taxman in reality that' gets stung here from outstanding tax and NI on players wages, VAT etc..

I don't think even nat west would get involved in BFC again.

I'm Shocked that any govt hasn't ruled this "preferential debtors" illegal and the tax man particularly - the rule I would change is that we the taxpayer can go after players for their tax unpaid by the club as the players have special protection - then players as football debtors go after the clubs for their tax bill as well as wages etc.

I think that really would leave debtors as the balloon lady and St. Johns etc and it wouldn't be worth going into adminstration. At least then the FA would actually have to do something about it.