Re: O/T Latics in administration : Sat Jul 04, 2020 12:34 pm  

Ruddy Duck wrote:

So the Latics were not shafted by Whelan who from 2013 transferred the good players and replaced them with lesser standard players during his process of trying to sell the club.

no not at all, as ALL them players were bought in by whelan

Re: O/T Latics in administration : Sat Jul 04, 2020 12:36 pm  

Egg Chasing wrote:

Would you consider these two situations to be the same?

Person A

Multiple credit cards maxed out that payments are not paid on. Several bills not paid on time. Taken to court, bailiffs called in.

Person B

Uses credit card to pay for monthly shop, circa £500, and clears each month in full. No missed payments, no loans, good credit. Loses job with no payout and no longer has any income so becomes unable to pay bills once money in bank dries up.

leave person b for a year and they will become person a like I said

Re: O/T Latics in administration : Sat Jul 04, 2020 1:50 pm  

muttywhitedog wrote:

It wouldn't surprise me if the owners, or someone connected to them, had also got those sort of odds, but on more than a tenner. The odds would have increased after the Latics beat Huddersfield and Blackburn, and all of a sudden, the stake they put on is disappearing into a puff of smoke. Place another bet at odds of probably 30-1, and the potential returns are huge. They play another relegation rival and thump them 3-0 to go 8 points clear with 6 to play. Gambling man has a club that is still losing money and will probably stay up unless he takes the nuclear option and invokes administration, 12 point deduction and probable relegation, thus getting his winnings from his far east bookies, which probably equate to the amount he's paid for the club anyway.

Hopefully the club will defy the odds, stay up on merit (thus denying these shysters a payout) and be sold by the administrators to someone who isn't looking for a money-laundering outlet.

I believe that there are rules in respect of points deductions with all bookmakers, so I wouldn't be so sure this guarantees a payout. Even if it did, any bookmaker would not pay out, as the owner had put into Admin the football club that they had bet on to be relegated. Their bookmaker would have their day in court before having any thought of settling that bet.

Re: O/T Latics in administration : Sat Jul 04, 2020 4:50 pm  

A few bad results for them this afternoon. They must be getting twitchy.

Re: O/T Latics in administration : Sat Jul 04, 2020 5:13 pm  

MorePlaymakersNeeded wrote:

I believe that there are rules in respect of points deductions with all bookmakers, so I wouldn't be so sure this guarantees a payout. Even if it did, any bookmaker would not pay out, as the owner had put into Admin the football club that they had bet on to be relegated. Their bookmaker would have their day in court before having any thought of settling that bet.

Far East bookmakers do not have the same rules as we do here.

Re: O/T Latics in administration : Sat Jul 04, 2020 5:51 pm  

JonnyBroad wrote:

Unless they sell christopher park for houses once they have bought the club?

Thought they bought Bolton's training ground at Euxton when they went pop. Could get far more money for land there.

Re: O/T Latics in administration : Sat Jul 04, 2020 10:52 pm  

Pieman wrote:

no not at all, as ALL them players were bought in by whelan

The players I am on about are the members of the squad won the FA Cup, but were either sold or retired not long after winning the trophy. Since then, the standard of players have not been to the same level as prior to the 2013 season when they won the trophy.

Hence the decline in attendances!

Re: O/T Latics in administration : Sun Jul 05, 2020 7:06 am  

The Stadium should be owned by a independent concern with any club that plays there paying a rent to the leaseholder like they do at Huddersfield, Hull, Leigh, Salford etc.

In the case of our town, that was the original idea when the idea of a joint Stadium was first mooted at a meeting of Warriors Shareholders at the Riverside Club in 1994 with the name of Wigan Sporting club suggested as a name for the independent company owning the Stadium.

That is until Whelan got all his own way with with Wigan Council and bought off 79% of the Warriors Shareholders with his offer of £125 for every £1 share.

As a result of Wigan Council supporting Whelan in anything he did at the time, the Stadium ended up in the hands of Whelan, who during the period of trying to attract a buyer for his "beloved" Wigan Athletic, transferred the DW Stadium to the football club in order to get a price for himself from the sale as any potential buyer of a football club would want the Stadium to be part of the sale. If Whelan had put both companies as separate sales, the Stadium could have been bought by a independent concern, who then would have made the football club pay the same rent as the Warriors. Hopefully that will be the case in the near future if the Administrators sell Wigan Athletic and the DW Stadium as separate sales.

Like the other towns and cities I have mentioned above, the same criteria should have also applied to the Stadium at Robin Park in the late nighties, with both Wigan Athletic and Wigan Warriors being tenants and paying rent to a independent owner of the Stadium ie. Wigan Council.

Leigh Centurions are in a better situation than us as the Leigh Sports Village Stadium is owned by a independent Wigan Council who are the landlords.

Re: O/T Latics in administration : Sun Jul 05, 2020 7:24 am  

Ruddy Duck wrote:

If Whelan had put both companies as separate sales, the Stadium could have been bought by a independent concern, who then would have made the football club pay the same rent as the Warriors. Hopefully that will be the case in the near future if the Administrators sell Wigan Athletic and the DW Stadium as separate sales.

And nobody would have bought a loss-making football club with no fixed assets. If IL is having to stick £500K in every year to fund the Warriors with a £2m salary cap and average crowds of 12,000, how much do you think the owner of WAFC is having to put in with a £20m wage bill and average crowds of less than 10,000?

The ground and the training grounds are the only real assets.

Re: O/T Latics in administration : Sun Jul 05, 2020 7:36 am  

Ruddy Duck wrote:

The players I am on about are the members of the squad won the FA Cup, but were either sold or retired not long after winning the trophy. Since then, the standard of players have not been to the same level as prior to the 2013 season when they won the trophy.

Hence the decline in attendances!

You missed the largest reason for declining attendances and better players leaving straight after winning the fa cup, they were relegated....