BradleyWigans
Vital Newbie
It's all a big can of worms Bradley. If anyone can work out what happened with Choi selling the club and why, and then work out what happened with a new owner who never stepped foot in the country only to put us in admin,and next work out what has happened since and why then they could write a script for an eighties American soap.
It's bewildering to say the least.
Truly is a shit situation and the worst part is, as a fan you can't really do much.
If Sunderland got a Netflix series surely Bolton or Wigan should get one too, although several other clubs could probably get a look in too, with state of things. Macclesfield have been relegated after appeal and Charlton look to be struggling too and that won't be the end of it. I don't remember seeing much in the way of Bolton's Supporters Trust attempting to raise funds to buy the club. I think they tried but there wouldn't have been enough support to pay off the creditors. I believe Portsmouth had a fan owned club but then sold partly or totally to another business in 2017.
The EFL is mad and only suits seem to have any real power in clubs and seems that more and more of these suits are chancers and leeches.
Salary caps are a start to getting things a bit more under control I hope.
My own view is, Choi is a gambler and a successful one, he thought "OK, I'll play the odds and invest briefly in Wigan and maybe it will pay off and get the Premier League riches, then IEC's shares will rise."
But he knew that's a lot of money to gamble with and unlike the casino, the odds don't necessarily have to be in favour of the house.
"If the investment doesn't pay off I'll secure myself with a ridiculous loan that I can use as leverage as a creditor. IECs shares will go back up once I ditch the company to Au Yeung and all my investment is recouped." etc etc...
I mean there could be endless possibilities to his shit and I'm assuming a lot of things probably wrongly but one thing is for sure, this stinks.
Would be interested to know Au Yeung came to appoint Begbies, I could have sworn I read that they actually wanted to liquidate before considering admin but I'm not certain on that.