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| Quote ="Wigan6/Leeds1 Andy"I would have to ban myself if I wrote the rest.'"
Do it and I'll un-ban you
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| Quote ="Wigan6/Leeds1 Andy"I know someone who operates in the same circles as Krasner and that last statement on Friday has his fingers all over it. It was embarrassing, especially the use of the term "Fake News" (capitalised which tells you the person who wrote it is a huge backside).
"He absolutely loves the limelight and has by far the biggest ego of anyone I have every known" are the nicest things my friend mentioned. I would have to ban myself if I wrote the rest.'"
Krasner's mobile number was bandied about on social media a few days ago, bet that went down well. As been said, it's one car crash after another.
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| Quote ="Jukesays"
The argument here is whether you believe the admins are doing the right things on behalf of the football club, or, they're doing the right things on behalf of the creditors and in turn themselves.
Now legally their only interest should be to recoup as.much money as possible on behalf of the creditors.'"
I know that if I was a creditor who was looking to get my pence in the pound back, I'd be livid that he turned down the cash offered by IL for the stadium.
The admins have taken a gamble on a future sale, but it's a very uncertain world. An offer was on the table and it should have been taken imo.
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| Quote ="Jukesays"I think (in fact I know) hes beig sarcastic
1/5th of a nothing is the same as a whole of nothing etc.
The argument here is whether you believe the admins are doing the right things on behalf of the football club, or, they're doing the right things on behalf of the creditors and in turn themselves.
Now legally their only interest should be to recoup as.much money as possible on behalf of the creditors.
I think (and in a lot of ways I know) the issue here is the way the admin have gone about it.
"No Firesale" - followed by firesale
Back in August/Sept "loads of interested parties, but give exclusivity to a Spanish bid that always seemed doomed to failure whilst proclaiming no other bidders (when in fact there were).
"Its the Spanish or liquidation", with repeated extensions of exclusivity, followed by we now have dozens of interested parties (so why go all in on Spanish who had numerous issues including providing POF) which is it?
"Exclusivity extended in December" with Spanish, followed by "exclusivity ended 6 weeks ago" when the Spanish deal fell through, which is it?
"Were not earning any more fees and in effect working for nothing" in November (and removing all admin staff from the stadium, followed by news that they're earning a 1/3rd uplift and have now applied for between 300k plus and 600kplus more fees, again which is it?
Theres a lot more involved in this, but the 2 car crash interviews this week give an insght into the admins minds/workings.
And don't forget I'm led to believe the admins advised the previous owners to do it this way (I'm sure someone will cllarify this)
People can laugh and joke, wind people up etc, but reality is the admin process is awful, and not really fit for sporting purposes.
The last 2 comms theyve released have been awful
Theres a lot more we could go into, But there for the grace of God and all that'"
I don't feel I understand it well enough to criticise or praise them to be honest. It seems like they take a hell of a lot of ill-informed abuse and probably have their hands tied to some extent in terms of being able to explain why they have done certain things whilst respecting confidentiality of ongoing sensitive discussions. If the Spanish deal was obviously doomed, why did the Spanish people invest significant money in it?
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| Quote ="Wigan6/Leeds1 Andy"I know someone who operates in the same circles as Krasner and that last statement on Friday has his fingers all over it. It was embarrassing, especially the use of the term "Fake News" (capitalised which tells you the person who wrote it is a huge backside).
"He absolutely loves the limelight and has by far the biggest ego of anyone I have every known" are the nicest things my friend mentioned. I would have to ban myself if I wrote the rest.'"
And Stanley is worse than him.
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| Quote ="Jukesays"I think (in fact I know) hes beig sarcastic
1/5th of a nothing is the same as a whole of nothing etc.
The argument here is whether you believe the admins are doing the right things on behalf of the football club, or, they're doing the right things on behalf of the creditors and in turn themselves.
Now legally their only interest should be to recoup as.much money as possible on behalf of the creditors.
I think (and in a lot of ways I know) the issue here is the way the admin have gone about it.
"No Firesale" - followed by firesale
Back in August/Sept "loads of interested parties, but give exclusivity to a Spanish bid that always seemed doomed to failure whilst proclaiming no other bidders (when in fact there were).
"Its the Spanish or liquidation", with repeated extensions of exclusivity, followed by we now have dozens of interested parties (so why go all in on Spanish who had numerous issues including providing POF) which is it?
"Exclusivity extended in December" with Spanish, followed by "exclusivity ended 6 weeks ago" when the Spanish deal fell through, which is it?
"Were not earning any more fees and in effect working for nothing" in November (and removing all admin staff from the stadium, followed by news that they're earning a 1/3rd uplift and have now applied for between 300k plus and 600kplus more fees, again which is it?
Theres a lot more involved in this, but the 2 car crash interviews this week give an insght into the admins minds/workings.
And don't forget I'm led to believe the admins advised the previous owners to do it this way (I'm sure someone will cllarify this)
People can laugh and joke, wind people up etc, but reality is the admin process is awful, and not really fit for sporting purposes.
The last 2 comms theyve released have been awful
Theres a lot more we could go into, But there for the grace of God and all that'"
Never did get chance give you that call pal, will try catch up with you!
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| Quote ="Egg Chasing"Did DW lose interest or is the fact he is going a bit potty the reason why he sold?'"
From what I understand, Whelan is suffering from a serious medical problem which is not the same as going "potty" as you seemed to think.
I may be critical of him over his ownership of the Stadium, but I have also have respect for anyone suffering from a serious medical problem.
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Quote ="JonnyBroad"He knew exactly what he was doing, the parachute payments stopped and dw was out the door, sold the club and took the millions he made out of the club off to sunny climates.'"
Thats BS. Over the period 2000-2018 whilst the Whelan family owned the latics, the club LOST over £59m. Who do you think funded those losses?
https://find-and-update.company-informa ... ng-history
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Quote ="JonnyBroad"He knew exactly what he was doing, the parachute payments stopped and dw was out the door, sold the club and took the millions he made out of the club off to sunny climates.'"
Thats BS. Over the period 2000-2018 whilst the Whelan family owned the latics, the club LOST over £59m. Who do you think funded those losses?
https://find-and-update.company-informa ... ng-history
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| Quote ="sergeant pepper"I know that if I was a creditor who was looking to get my pence in the pound back, I'd be livid that he turned down the cash offered by IL for the stadium. '"
The club itself (players) is a money pit that never makes money. No investor would buy them, even at the nominal £1, as they'd be funding losses for a long time.
The stadium however, whilst losing a bit, has a potential to make a profit much sooner - hence why its being kept as part of the overall package. Without the stadium as part of the deal, the Latics would be liquidated.
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| Quote ="Grimmy"I don't feel I understand it well enough to criticise or praise them to be honest. It seems like they take a hell of a lot of ill-informed abuse and probably have their hands tied to some extent in terms of being able to explain why they have done certain things whilst respecting confidentiality of ongoing sensitive discussions. If the Spanish deal was obviously doomed, why did the Spanish people invest significant money in it?'"
It fell because the well known person who was remaining in the background but investing most of the money withdrew his backing after the administrators had accepted the spanish consortium offer which resulted in the football authorities not accepting the sale as they were then left in the position of not having enough money to complete the purchase.
What criticism this administration company has received has been jusitified with the way they have handled or should I say mis-handled the sale.
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| Quote ="Ruddy Duck"From what I understand, Whelan is suffering from a serious medical problem which is not the same as going "potty" as you seemed to think.
I may be critical of him over his ownership of the Stadium, but I have also have respect for anyone suffering from a serious medical problem.'"
So you accept he sold the club due to said condition and not because he got bored? Or will you shift the goal posts again?
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| Quote ="Egg Chasing"So you accept he sold the club due to said condition and not because he got bored? Or will you shift the goal posts again?'"
Do you accept that he started process of selling the club after the 2013 season by selling the better players on dearer contracts to lower the wage bill and make the financies of the club look more atrractive to potential buyers.
Nothing to do with getting bored, more to do with club losing money in the Premiership and getting rid like he did with his Supermarket and JJB businesses when he could see the writing was on the wall as more recent events have proved.
Very srewed was our Dave when it come to protecting his fortune!
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| So is IL getting ready to sell us by balancing the books amd making sure we don't lose money?
I would also imagine Latics lost most of their best players after 2013 because they got relegated, didn't come back up and then got relegated again.
If he wanted to take money from them why did he spend the parachute money as opposed to pocketing it?
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| Quote ="Ruddy Duck"It fell because the well known person who was remaining in the background but investing most of the money withdrew his backing after the administrators had accepted the spanish consortium offer which resulted in the football authorities not accepting the sale as they were then left in the position of not having enough money to complete the purchase.
What criticism this administration company has received has been jusitified with the way they have handled or should I say mis-handled the sale.'"
If I don't understand something well enough to comment, then you definitely don't
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| Quote ="Grimmy"If I don't understand something well enough to comment, then you definitely don't'"
Quack, Quack
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| Quote ="Ruddy Duck"[uDo you accept that he started process of selling the club after the 2013 season by selling the better players on dearer contracts to lower the wage bill and make the financies of the club look more atrractive to potential buyers.[/u
Nothing to do with getting bored, more to do with club losing money in the Premiership and getting rid like he did with his Supermarket and JJB businesses when he could see the writing was on the wall as more recent events have proved.
Very srewed was our Dave when it come to protecting his fortune!'"
Id say no as that happened every year when they were in the Prem
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| Quote ="Wigan6/Leeds1 Andy"I know someone who operates in the same circles as Krasner and that last statement on Friday has his fingers all over it. It was embarrassing, especially the use of the term "Fake News" (capitalised which tells you the person who wrote it is a huge backside).
"He absolutely loves the limelight and has by far the biggest ego of anyone I have every known" are the nicest things my friend mentioned. I would have to ban myself if I wrote the rest.'"
Wasn't he involved at Leeds as well years ago (the football club I mean)? I'm pretty sure that didn't go well as they lurched from one farce to another in admin.
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| Quote ="Porterjoh"Wasn't he involved at Leeds as well years ago (the football club I mean)? I'm pretty sure that didn't go well as they lurched from one farce to another in admin.'"
He was chairman there for a while
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Quote ="apollosghost"Not good for us, with no staff working there how are we supposed to play in front of a crowd even if we get the covid go-ahead ?
Would the admins allow IL to bring his own match day staff in ? https://www.wigantoday.net/sport/footba ... il-3154512'"
we rent the stadium so will be upto them to provide everything
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Quote ="apollosghost"Not good for us, with no staff working there how are we supposed to play in front of a crowd even if we get the covid go-ahead ?
Would the admins allow IL to bring his own match day staff in ? https://www.wigantoday.net/sport/footba ... il-3154512'"
we rent the stadium so will be upto them to provide everything
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| Radio Manchester says that a take over is imminent with Saudi backing talks in final stages .
[uhttps://www.bbc.co.uk/sport/football/56322680 [/u
Administrators for League One Wigan Athletic are in advanced talks with a consortium led by Bahrain businessman Talal Mubarak al-Hammad.
While no deposit has been paid and talks are continuing with other parties, it is regarded as the most plausible option for the beleaguered Latics since a deal agreed with a Spanish consortium collapsed at Christmas.
The English Football League are being kept informed about the situation.
It is understood talks have progressed under the agreement of anonymity but five names, including Al-Hammad, have been registered on Companies House as directors of a company called Phoenix 2021 Ltd.
These include Wigan finance director Richard Bramwell.
The club has been in administration since June and were relegated to League One as a direct consequence of the 12-point deduction imposed.
EFL rules prevent any club from starting successive seasons in administration, so time is ticking for the situation to be resolved.
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| Quote ="jaws1"Radio Manchester says that a take over is imminent with Saudi backing talks in final stages .
[uhttps://www.bbc.co.uk/sport/football/56322680 [/u
Administrators for League One Wigan Athletic are in advanced talks with a consortium led by Bahrain businessman Talal Mubarak al-Hammad.
While no deposit has been paid and talks are continuing with other parties, it is regarded as the most plausible option for the beleaguered Latics since a deal agreed with a Spanish consortium collapsed at Christmas.
The English Football League are being kept informed about the situation.
It is understood talks have progressed under the agreement of anonymity but five names, including Al-Hammad, have been registered on Companies House as directors of a company called Phoenix 2021 Ltd.
These include Wigan finance director Richard Bramwell.
The club has been in administration since June and were relegated to League One as a direct consequence of the 12-point deduction imposed.
EFL rules prevent any club from starting successive seasons in administration, so time is ticking for the situation to be resolved.'"
Finally. I hope this one actually goes through
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| The takeover looks to be a formality now (famous last words) with the administrators and the new owners announcing that it’s all agreed, deposit paid and signatures in. Just waiting for the membership from the EFL to be completed and it’s done.
Great news for both clubs.
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| Quote ="NickyKiss"The takeover looks to be a formality now (famous last words) with the administrators and the new owners announcing that it’s all agreed, deposit paid and signatures in. Just waiting for the membership from the EFL to be completed and it’s done.
Great news for both clubs.'"
Completely agree. Happy to see Latics saved and deservedly kept in the professional leagues. It would have been an absolute travesty to see them go under. Hopefully now that’s sorted they can re build.
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| Never mind, you can’t win ‘em all
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