Has anybody come in to take Latics over yet ?

All gone very quiet on that front, last I saw an ex-player was leading a bid.

the worst run administration I can remember

Oh absolutely, I completely agree. The only thing that ebbs away at me is that whether Sadler is bang on the money or not, the story has come from somewhere and because it’s been broken, it won’t be going away. I might be way off here but it could even be a seed planted to put the idea of selling, and the pressure attributed to it, public. Once the chatter starts, the pros and cons get discussed over and over again, questions constantly asked by the press and fans it’s only natural for the ‘receiver’ to start thinking “what if?”. That’s pure speculation on my part.

Thankfully here, on the face of it anyway, it’s a good news story for us either way. IL wants to sell to a Wigan born multi billionaire or IL is staying with the Wigan born multi billionaire as an investor.

We all know how close the Yorkshire trade press to the mafia clubs that side of the hills.
It appears Sadler messed up.
Nothing else to report.

Sadler may have got it wrong, but has anyone considered that he may have got the story from what he considered to be a reliable source here in Wigan?

Why is it worth £10 million big debts losing money no real assets ?

I suspect you don't really want the true answer
But before we start, Big debts? Really?

I'm sure lots of people have considered it, because if he didn't get it from somewhere he just made it up.
The question is, are you suggesting that someone in particular at Wigan fed him the story? If so who and why?
Wherever he got it from he was wrong

That’s what I’ve been insinuating. It’s come from somewhere, he’s not S*n type journo just to make something up

So if he hasn't made it up, he's spoken to someone who either has, or has spoken to someone who has spoke to someone else who has etc.

The headline was "On the verge of selling", unless he sells in the next 3months I would suggest he isn't "on the verge".
He then said he was "Succession planning", well if he wasn't then I'd be worried, most people are succession planning.
He then claimed " I think he's already sold it". So which is it? Is he on the verge, or has hearsay sold it? If he has already sold it I'm sure companies House, the tax,legal etc people will be interested to know.

A suspect there could well be an element of truth in this story.

Lenagan could well be selling more equity in Lenagan investments to fund a purchase of Latics and the stadium? Danson has already invested 2.5m. Lenagan could sell another 2.5m and still retain control. Is Lenagan potentially brokering a deal which brings Danson in at almost 50% to fund latics purchase? Admins want £3m for the lot and enough to cover their ongoing losses. If Lenagan had 4-5mil from Danson's investment, plus a small injection of cash himself, that could easily be achieved.

The fact Danson's lawyers were pouring over a data room for Wigan RL would be enough to set Journos off that its a full blown sale, and there is often some truth to these stories. I suspect this could be part of a larger plan to acquire latics.

75yr old bloke planning for life after a lifetime running successful businesses. Absolute common sense.

Personally I'd rather IL sells up whilst he still has time to sit back and enjoy the rest of his life - and I'm sure he has a plan in place for this. I certainly dont want him turning into a Whelan-type owner which was pretty cringeworthy towards the end of his tenure at the Latics.

duplicate post

Definitely. I would go further than that and say Lenaghan is the single best thing to happen to our club in the last 25-30 years. He is probably the best administrator the club has ever had, possibly in Wigan RLs top ten most influential people in terms of contribution to the club. Strange for someone who is non-playing, but I would put him up there in a list with people like Jim Sullivan, Maurice Lindsay etc.