Re: Latics in administration - Lenagan leading bid : Mon Mar 08, 2021 7:49 pm  

Radio Manchester says that a take over is imminent with Saudi backing talks in final stages .
https://www.bbc.co.uk/sport/football/56322680
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.

Re: Latics in administration - Lenagan leading bid : Tue Mar 09, 2021 12:17 pm  

jaws1 wrote:

Radio Manchester says that a take over is imminent with Saudi backing talks in final stages .
https://www.bbc.co.uk/sport/football/56322680
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

Re: Latics in administration - Lenagan leading bid : Mon Mar 15, 2021 7:38 pm  

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.

Re: Latics in administration - Lenagan leading bid : Tue Mar 16, 2021 3:03 pm  

NickyKiss wrote:

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.

Re: Latics in administration - Lenagan leading bid : Tue Mar 16, 2021 5:49 pm  

Never mind, you can’t win ‘em all

Re: Latics in administration - Lenagan leading bid : Tue Mar 16, 2021 5:50 pm  

I think its been run very poorly and would love for it to be investigated

Re: Latics in administration - Lenagan leading bid : Wed Mar 17, 2021 10:11 am  

Now the dust has settled its time to award IL the 'Thriving little club' award.

He's put himself on the hated shelf, good attempt but he's no Maurice Lindsay.

7/10

Re: Latics in administration - Lenagan leading bid : Wed Mar 17, 2021 12:30 pm  

MattyB wrote:

Now the dust has settled its time to award IL the 'Thriving little club' award.

He's put himself on the hated shelf, good attempt but he's no Maurice Lindsay.

7/10

I wonder if they'll hate him in 30 years as much as they still hate Maurice.

Re: Latics in administration - Lenagan leading bid : Wed Mar 17, 2021 2:09 pm  

Egg Chasing wrote:

I wonder if they'll hate him in 30 years as much as they still hate Maurice.

Possibly.

However, knowing why they hate him may elude a lot of them. As it does about why they hate Maurice.

Re: Latics in administration - Lenagan leading bid : Wed Mar 17, 2021 2:12 pm  

Cruncher wrote:

Possibly.

However, knowing why they hate him may elude a lot of them. As it does about why they hate Maurice.

He's connected to the rugby. That will do for most of them.