Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 9:30 am  

They’ve more ‘interested’ parties than players.

Realistically how long does this go on for? I’m sure there was an end date last year that came and went. They’ve been stitched up with this administrators

Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 10:34 am  

Until they run out of money I guess.

One of my mates said that there is a rule that you can't start two consecutive seasons in administration so they have until August or they done

Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 10:36 am  

100% Warrior wrote:

They’ve more ‘interested’ parties than players.

Realistically how long does this go on for? I’m sure there was an end date last year that came and went. They’ve been stitched up with this administrators

It is certainly dragging on far longer,I would think,than most clubs in this plight and to be fair they’re no nearer to finding a buyer at seems than at the start,at some point t it has to end surely it can’t keep bumping along like this?

Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 10:47 am  

It's probably one of the shortest in all honesty. Portsmouth did 14 months. Bolton were about a year I think.

Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 11:51 am  

At what point do the fees owed to the administrators become greater than the value to any potential investor and what happens then? Is that where everything gets sold for a quid. Also do administrators get paid before creditors? If so when does their own self serving become a conflict of interest?

Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 11:58 am  

Levrier wrote: At what point do the fees owed to the administrators become greater than the value to any potential investor and what happens then? Is that where everything gets sold for a quid. Also do administrators get paid before creditors? If so when does their own self serving become a conflict of interest? Administration fees £1.6m expected to increase to £1.9m+ https://www.wigantoday.net/sport/footba ... es-3106916 Main mon whinging he's not had a holiday since June last year, has anyone FFS??

Levrier wrote: At what point do the fees owed to the administrators become greater than the value to any potential investor and what happens then? Is that where everything gets sold for a quid. Also do administrators get paid before creditors? If so when does their own self serving become a conflict of interest? Administration fees £1.6m expected to increase to £1.9m+ https://www.wigantoday.net/sport/footba ... es-3106916 Main mon whinging he's not had a holiday since June last year, has anyone FFS??

Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 12:28 pm  

MattyB wrote: Administration fees £1.6m expected to increase to £1.9m+ https://www.wigantoday.net/sport/footba ... es-3106916 Main mon whinging he's not had a holiday since June last year, has anyone FFS?? Your forgetting about the 1/3rd uplift. Approx 2.5million Original estimate 1.2m New estimate 300 to 600k plus First 250k from sell on fees of the transfers Uplift of 1/3rd approx 500k

MattyB wrote: Administration fees £1.6m expected to increase to £1.9m+ https://www.wigantoday.net/sport/footba ... es-3106916 Main mon whinging he's not had a holiday since June last year, has anyone FFS?? Your forgetting about the 1/3rd uplift. Approx 2.5million Original estimate 1.2m New estimate 300 to 600k plus First 250k from sell on fees of the transfers Uplift of 1/3rd approx 500k

Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 12:31 pm  

Latest

"Wigan Athletic may be close to being saved from the clutches of administration as a new group of foreign investors are in discussions to purchase the club, according to Sun journalist Alan Nixon.
In a latest update this week from the joint administrators, with four new parties providing proof of funds and another 10 still interested in purchasing the League One strugglers.
It comes after the bid from Spaniard Felipe Moreno fell through"

Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 12:41 pm  

ShortArse wrote:

Latest

"Wigan Athletic may be close to being saved from the clutches of administration as a new group of foreign investors are in discussions to purchase the club, according to Sun journalist Alan Nixon.
In a latest update this week from the joint administrators, with four new parties providing proof of funds and another 10 still interested in purchasing the League One strugglers.
It comes after the bid from Spaniard Felipe Moreno fell through"

Admins deffo earning their money then

Re: Latics in administration - Lenagan leading bid : Sat Jan 23, 2021 2:04 pm  

MattyB wrote: Administration fees £1.6m expected to increase to £1.9m+ https://www.wigantoday.net/sport/footba ... es-3106916 Main mon whinging he's not had a holiday since June last year, has anyone FFS?? That was a ‘head in the wall’ moment for even the non Latics fans. If I’m understanding the fees correctly - the longer it drags on the more expensive it becomes to buy Latics? I wasn’t aware Portsmouth or Bolton were in administration for so long either. Shows how much interest I have in football really

MattyB wrote: Administration fees £1.6m expected to increase to £1.9m+ https://www.wigantoday.net/sport/footba ... es-3106916 Main mon whinging he's not had a holiday since June last year, has anyone FFS?? That was a ‘head in the wall’ moment for even the non Latics fans. If I’m understanding the fees correctly - the longer it drags on the more expensive it becomes to buy Latics? I wasn’t aware Portsmouth or Bolton were in administration for so long either. Shows how much interest I have in football really