What’s going on?

[Danny_de_Zeeuw16]

Baffles me to this day if Massey is on that wage, Lowe won't stay, like Moore, ever since January proved why he is a good player. Surprised nobody has sniped Kipre yet and I have no idea why nobody is in for Byrne, won't complain about that at all though!

Plenty of time yet. I expect lads with release clauses to be shifted first

 

[Mighty Bongsmon]

I'm basing that on the figure that I saw quoted when the original preferred bidder was announced
It gave a total for the bid which it said was £x for football creditors & £1.5mill for non-football creditors (representing 25p in the £)
I can't for the life of me find where I saw all this though

Here's one reference to it anyway:
https://www.theguardian.com/footbal...ree-sale-of-club-that-could-secure-its-future

 

[NorthernSoul]

Pay back the absolute bare minimum. The EFL has taken 6m from us which has instead gone to Barnsley. Minimum fee release clauses and the loss in revenue has already seen a cut in 20m that could have arrived. Taking so far the financial hit to the club as 26m due to the EFL unfairly relegating us. The 6m immediate loss in revenue would have paid the small debts owed straight away. Allowing player sales above this to have given us a healthy financial cushions. Given the wage bill after contracts and loans ended would have taken the wage bill below revenue. The sales of the 2 youths already covered the back dated wages up until the end of June.

I hope any business not receiving the full payments take the EFL to court to gain the rest of what is owed

 

[bickymon]

Here's one reference to it anyway:
https://www.theguardian.com/footbal...ree-sale-of-club-that-could-secure-its-future

Old story that weeks ago wasn't it

 

[TRUE BELIEVER]

I'm basing that on the figure that I saw quoted when the original preferred bidder was announced
It gave a total for the bid which it said was £x for football creditors & £1.5mill for non-football creditors (representing 25p in the £)
I can't for the life of me find where I saw all this though

I must admit MB this is similar to the figure I was quoted for football related creditors at the start of the admin. I haven't heard a definitive figure for non football creditors but the disputed loan figure would equate to approx £6 million at 25p in the pound.

Edit: sorry just seen the article you posted and it does point to a 6 million figure for non football creditors.

 

[Mighty Bongsmon]

Old story that weeks ago wasn't it

Yes, it just gives an indication of what the non football creditor figure is (as none of that has been paid from what I've seen).
The football creditor figure will obviously have shifted due to player sales and wages being paid

 

[king_dezeeuw06]

I have been critical of the local press but I just saw this excellent article from Phil Wilkinson who is apparently standing in for Kendrick at the moment. Really good piece with lots of info - last few pieces Wilkinson has wrote have been pretty good. Happy to give credit where it is due.

The much debated loan, creditors, fees owed are all included. Some good research and effort gone into this. More of this please.

https://www.wigantoday.net/sport/football/wigan-athletic-worries-hopes-and-what-happens-next-2942347

 

[ZAKKY]

I have been critical of the local press but I just saw this excellent article from Phil Wilkinson who is apparently standing in for Kendrick at the moment. Really good piece with lots of info - last few pieces Wilkinson has wrote have been pretty good. Happy to give credit where it is due.

The much debated loan, creditors, fees owed are all included. Some good research and effort gone into this. More of this please.

https://www.wigantoday.net/sport/football/wigan-athletic-worries-hopes-and-what-happens-next-2942347

Posted it on WEP thread

 

[Lazysid]

I have been critical of the local press but I just saw this excellent article from Phil Wilkinson who is apparently standing in for Kendrick at the moment. Really good piece with lots of info - last few pieces Wilkinson has wrote have been pretty good. Happy to give credit where it is due.

The much debated loan, creditors, fees owed are all included. Some good research and effort gone into this. More of this please.

https://www.wigantoday.net/sport/football/wigan-athletic-worries-hopes-and-what-happens-next-2942347

For us laymen - I thought it was very well presented and provided an good understanding of whats going on!

 

[wafc4ever30]

https://twitter.com/i/web/status/1294285745868414977

So it looks like the Next Leader Fund loan is included in the creditors totaled. This does not sound good

 

[FrancosLoveChild]

https://twitter.com/i/web/status/1294285745868414977

So it looks like the Next Leader Fund loan is included in the creditors totaled. This does not sound good

We have been well and truly shafted and it may look like the takeover plan for the purpose of seeing us liquidated for their "loan" may be pulled off.

 

[GrimReaper87]

It looks like the fat ladies are beginning to warm up their voices, I'm afraid it's over for us.

 

[exiled tic]

Sadly,if this figure is correct then there is no coming back from this,heartbreaking to read this,at least we have the memories!!

 

[ZAKKY]

Sadly,if this figure is correct then there is no coming back from this,heartbreaking to read this,at least we have the memories!!

Not being officious but you don't live in Wigan and wont face the impact

 

[Mighty Bongsmon]

https://twitter.com/i/web/status/1294285745868414977

So it looks like the Next Leader Fund loan is included in the creditors totaled. This does not sound good

The fact that they'll get anything from the destruction of our club make my blood boil

 

[Coddenchips]

Not being officious but you don't live in Wigan and wont face the impact

Not being officious. Just stupid. The impact is the loss of our club no matter where you live.

 

[C_Latic]

36 million quid to Stanley Choi and his patsy. Which is pretty much exactly what is claimed that he “invested” in the first place. We’ve been well and truly done over.

This ends only one way and it isn’t the way we all want. The admins have no choice but to sell off the remaining playing assets to pay the football creditors and then take the -15 that comes with not paying the non football creditors. It’s the only chance the club has of surviving and even that is only a slim chance. Who wants to buy a club guaranteed to be in L2 in 2021/22?

Those in favour of a phoenix club better start planning right now, because this club is going under whether you want to hear it or not. Time to face the stark reality.

 

[Coddenchips]

I've now accepted that Wigan Athletic is no more. You can't blame people for not wanting to buy us. But there needs to be a major international investigation into this.

 

[exiled tic]

Not being officious but you don't live in Wigan and wont face the impact

Freinds and family all live in Wigan and will be devastated! Thanks for that,glad to see we are all in this together!!

 

[AbramLatic1]

I've tweeted a reply to that post re not understanding how we can be responsible for a loan, that the admins can't find being levied against the club and part of which must relate to the sale of the club to a bloke whose first action is to seek to liquidate us and have just been thinking if we do somehow owe NLF £25m, wouldn't the admins just have liquidated us as we havent a prayer of paying it alongside all other debts to clubs etc