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Wigan Athletic Confirm New Owners Take Over

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Didn't they just get taken over?!

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Any insolvency event such as administration carries an automatic 12-point penalty, which would send Wigan bottom of the table from 14th, although the EFL has not yet confirmed the penalty will apply.

 

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Surprised this hasn't happen more often with COVID....Hope they are able to make it out.

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I do think the EFL have to be careful here, if Wigan are one of a few than fair enough give them a deduction, but if quite a lot of teams go into administration I think there is cause to not punish teams to harshly. 

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16 minutes ago, Chaaay AFC said:

I do think the EFL have to be careful here, if Wigan are one of a few than fair enough give them a deduction, but if quite a lot of teams go into administration I think there is cause to not punish teams to harshly. 

Theres also the ongoing issues around whether Derby County, Sheffield Wednesday or Birmingham City will be getting point deductions. Id be hesitant to inflict such a punishment during a global crisis.

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Yeah it wouldn't be fair to give teams a points deduction for COVID-19 related financial issues.

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1 hour ago, Stan said:

Didn't they just get taken over?!

Aye.

Until 2018, the club was owned by Dave Whelan, who steered them from the fourth tier of English football to the Premier League in 2005, while they also won the FA Cup in 2013.

Whelan sold the club to Hong Kong-based International Entertainment Corporation in November 2018 and there was a further change of ownership in June when Next Leader Fund took control.

https://www.bbc.co.uk/sport/football/53247333

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Didn’t see this coming. Not even aware of any issues, like the publicised ones at Charlton, for example. 

Seems strange that the points deduction is dependent on final League finishing, rather than immediately. 

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18 hours ago, Smiley Culture said:

Didn’t see this coming. Not even aware of any issues, like the publicised ones at Charlton, for example. 

Seems strange that the points deduction is dependent on final League finishing, rather than immediately. 

Seems to be for if they are relegated without the points deduction or not. If they are relegated the deduction goes into effect next year.

Would seem to be a procedure to avoid clubs going into administration at a convenient time for themselves.

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A fit and proper takeover there. 

Dodgy as fuck. 

I don't see how Wigan can face a points deduction when the EFL passed this new ownership just 4 weeks ago. 

Even then they must have known the COVID impact on finances.

EFL should be punished. 

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2 hours ago, Harvsky said:

A fit and proper takeover there. 

Dodgy as fuck. 

I don't see how Wigan can face a points deduction when the EFL passed this new ownership just 4 weeks ago. 

Even then they must have known the COVID impact on finances.

EFL should be punished. 

Worth a listen.

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I’m not saying it is money laundering but from the very, very basic training I’ve had on it over the years, it’s something I’d be flagging up to those who actually work in AML as a bit dodgy. It fits the profile. Big sum(s) of money, all happening very, very quickly and it seems that the “new” owners are the same people as the old owners, if rumours are to be believed. 

I’m tired of slagging off the Football League though. We’ve known for years that their due diligence was worthless and nothing has ever changed and this won’t see a change either. This is what the Football League are known for and this one absolutely stinks but heads won’t roll. 

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Genuinely seems like the owners, who are gambling people with stakes in casinos, have had a large bet on Wigan to get relegated and when they’ve picked up form, they’ve plunged them into administration. 
 

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Yeah but they play a real man's sport in Wigan.

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Dodgy as hell this whole scenario, trying to sum it up in a few short points.

  • June 4th takeover was the same owner but just changing it from his current company which owns casinos etc to a brand new company he's made in the Cayman Islands. 
  • June 24th, some random bloke takes over, an office worker who was declared bankrupt a couple of years ago! Never been the the UK, EFL no evidence he exists. Strong rumours are his identity is being used.
  • June 24th supposed new guy contacts administrators within hours of take over approved. Record timing for the EFL to approve a takeover, despite being in lockdown measures with skeleton work force.
  • Night before board of Directors voting 4-2 against admin. 1 director is removed and replaced with another, 3-3, owner, deciding vote, admin.
  • Rumours of betting scandal in the Far East were gambling regulations are very poor.
  • Turns out supposed high interest loan, paid from the owner to himself never got taken out and it was just on a piece of a paper that was shown to the EFL. No evidence of the club having any debt.
  • Owner(s) do a complete vanishing act, seemingly not arsed about the money they spent as something else will earn them more money by chucking the club under the bus
  • After 10 years of building the academy up from nothing to one of the best in the country, we are now having our starlets poached for basically nothing be Premier League clubs and 75 staff have been made redundant which is terrible.
  • More postive news, EFL release a statement saying 12 points are deducted for an insolvency event, not simply for entering administration or receivership. No evidence of creditors being owed money, which is what an insolvency event is, so we haven't suffered one, therefore nowhere in the rules does it say we should be deducted points. This is how Blackpool had 12 points overturned last season. We have brought in a top QC because of this.

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Quote.thumb.png.0bb671feea60d9b17e47db686d7d6515.png

Barnsley to address Wigan Athletic appeal hearing against a 12-point deduction

Barnsley will be allowed to make their views known in Wigan Athletic's appeal against their 12-point penalty for going into administration.

The Latics' hearing in front of an independent disciplinary commission is set to take place on Friday.

Wigan are appealing against the automatic punishment on the grounds of 'force majeure'.

Should Wigan win their case, it would relegate Barnsley, who finished fourth from bottom in the Championship.

The Tykes were bottom of the table with two games to go but beat both Nottingham Forest and Brentford to finish above Wigan, who would have ended the season in mid-table but for their points deduction.

Force majeure events are usually defined as certain acts, events or circumstances beyond the control of the involved parties, such as natural disasters, war or a pandemic.

It is likely Barnsley will argue for the punishment to remain in place given co-chairman Paul Conway threatened litigation earlier this month after becoming frustrated at the number of serious disciplinary matters put before the EFL this season that are still awaiting resolution.

Even after their survival had been secured, Barnsley issued a statement in which they complained about the "blatant disregard for sporting/competitive integrity and the lack of governance in our division".

The final game of the Championship season is on 4 August, when the play-off final will be held at Wembley.

The expectation is a decision in the Wigan case will be made next week.

https://www.bbc.co.uk/sport/football/53583068

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Barnsley can have a say on Wigan’s case but Stevenage can’t on Macclesfield’s. Fairness on show again from the Football League. 

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Feel quite bad for them now in that many clubs are hand picking whatever highly rated youth players they have for a pittance.

It looks as though we are one of those guilty parties. Joe Gelhardt supposedly on his way to us.

Never seen him play and couldn't possibly judge, tried to ignore the 'hype' around him, but we are very much a forward thinking club now so I'm happy for us to target youth.

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Would this have been avoided with a salary cap? 

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1 hour ago, Eco said:

Would this have been avoided with a salary cap? 

Unless I am mistaken they're in administration because of a loan in which the club is effectively buying itself? I never understood why people could do that. Take out a loan to buy the club and have the club pay for the loan. Those type of takeovers should not be approved.

 

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19 hours ago, Lucas said:

Feel quite bad for them now in that many clubs are hand picking whatever highly rated youth players they have for a pittance.

It looks as though we are one of those guilty parties. Joe Gelhardt supposedly on his way to us.

Never seen him play and couldn't possibly judge, tried to ignore the 'hype' around him, but we are very much a forward thinking club now so I'm happy for us to target youth.

It seems like if Bielsa is happy to stay for another 2 or 3 seasons he could really mould Gelhardt in to a great talent. Wolves were sniffing around him not long ago and they rarely get recruitment wrong.

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20 hours ago, The Palace Fan said:

It seems like if Bielsa is happy to stay for another 2 or 3 seasons he could really mould Gelhardt in to a great talent. Wolves were sniffing around him not long ago and they rarely get recruitment wrong.

Literally, all the reviews are positive, like this kid is something special. Never seen him play but it's exciting to see what Bielsa could do with him. 

I got to say though, it's never right that clubs can be vultures and pick off all the assets another club has so cheaply, particularly when they are in admin and you have them over a barrel money wise. It's brutal but football is so cut throat.

It's happened to us so I do feel for Wigan losing two or three stars for peanuts. I think one went to Spurs and another to Brighton. Probably going to lose out on a good whack of money there for developing talent.

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1 hour ago, Lucas said:

Literally, all the reviews are positive, like this kid is something special. Never seen him play but it's exciting to see what Bielsa could do with him. 

I got to say though, it's never right that clubs can be vultures and pick off all the assets another club has so cheaply, particularly when they are in admin and you have them over a barrel money wise. It's brutal but football is so cut throat.

It's happened to us so I do feel for Wigan losing two or three stars for peanuts. I think one went to Spurs and another to Brighton. Probably going to lose out on a good whack of money there for developing talent.

Gelhardt ends up being great on Football Manager if that helps. :ph34r:

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