BradleyWigans
Vital Newbie
None of us know for sure .....as the shithouse never actually set foot in the place....not once.
It looks like he thought he could achieve Premiership and the money it brings with a certain outlay....when he realised it was more expensive than he thought and that after dropping a relative fortune (small in comparison to many Championship clubs) we were relegation candidates rather than even play off ‘possibles’ ....his arse dropped....and he then set about constructing this elaborate “bullshit sale“ of the club linking it to an absurdly usurious loan to try and get money back ...(we think)...Whether that loan is any longer in force is the subject of some extensive and agonised debate ....the Admins seemingly think not.... but opinion on the subject is divided ?
Seems like a fair assessment of what has happened. I don't think you'll ever find out the full truth as to what Choi's plans were.
It's a tough one for you, because our current owners (FV) actually tried to buy the club from Ken Anderson pre-admin, so we knew they were interested for a long time, and they never quit even with all obstacles thrown at them during the admin.
I remember being slightly jealous of Wigan getting seemingly rich foreign owners when IEC first took over, but it was a worrying sign (in hindsight) that Choi never seemed to even visit the DW.
There's a lot of stuff for you to sort out before the season begins. I heard there is a new American consortium involved (via Nixon), but the trouble is, with each new party coming to the table, they're starting from scratch and time is limited.
And I've not heard one solid recurring name throughout this process like FV were for us... Leneghan perhaps?
Hopefully there's some people that will come in and stabilise the club, because you have some exciting young players, but there's a lot of due diligence to be done, and the loan agreement is something like 24 million I heard? Any potential owner will want to know exactly what entails with that before they commit.
Truly a scary time for your club, and I know how that feels, so best of luck finding someone.