[Bucknobs]

Wigan in administration and up for sale! Blaming Covid19 crisis!

[Johnnyspireite7]

There'll be a lot more soon

[SpireiteFitzy]

Not surprising. In size terms they are punching well above their weight as a club and have always had a small budget for the championship but have to pay championship wages. Complete loss of income was always going to hit the likes of them first.

[Wooden Spoon]

Points deduction would see them back in the relegation places.i guess with the season re starting they can’t furlough playing staff and with no match day income that's really going to hurt smaller clubs at that level.

This post has been edited by DEATH: 01 July 2020 - 12:24 PM

[JonB]

Apparently they were only taken over by new owners 4 weeks ago!!

[Westbars Spireite]

You'd have thought matchday income for them was very modest compared to their outgoings at the best of times.

[CFC91]

They'd done so well since the restart too, bet Cookie and co are gutted!

How can a club taken over a month ago end up like this so soon?!

[JonB]

Seems as though when the deduction is applied depends on where they finish this season :-

Quote

"The English Football League has said Wigan will be deducted 12 points.

The sanction will be applied at the end of this season if the Latics, 14th in the Championship, finish outside the bottom three after 46 games.

Should Wigan finish in the relegation zone, the penalty will be applied during the 2020-21 season instead."

[Sammy Spireite]

JonB, on 01 July 2020 - 12:43 PM, said:

Apparently they were only taken over by new owners 4 weeks ago!!

which suggests the 'Covid' impact was hardly a surprise surely??

[Sammy Spireite]

Sounds like the take-over included a cash injection from th new owners, which never appeared.

The players had already agreed to defer wages for 3 months, i think.

[JonB]

Some details about their finances from this tweet....not great reading!!

Swiss Ramble @SwissRamble
This overview might help indicate why Wigan Athletic have today gone into administration. Lowest revenue in the Championship means relatively low wages, but still made a £9m loss in 2019 (despite £7m profit from player sales). In fact, lost money 4 out of last 5 years #wafc

[Westbars Spireite]

Without the kindly benefactor (or sometimes no so kindly) a warning to what can happen to clubs when the free money tap gets turned off.

Football’s pretty much f*cked - the good thing is that there’s a glimmer of hope that things get reshaped pretty soon as it simply cannot continue. Wildly disproportionate amounts of cash are leaving the game into the pockets of players, sacked managers, agents and assorted grubby intermediaries. It has to end.

[Oh Wade Falana]

Westbars Spireite, on 01 July 2020 - 03:25 PM, said:

Without the kindly benefactor (or sometimes no so kindly) a warning to what can happen to clubs when the free money tap gets turned off.

Football’s pretty much f*cked - the good thing is that there’s a glimmer of hope that things get reshaped pretty soon as it simply cannot continue. Wildly disproportionate amounts of cash are leaving the game into the pockets of players, sacked managers, agents and assorted grubby intermediaries. It has to end.

Sadly I don't think those at the top will recall these times once the dust has settled, they'll just revert back to their way of business (and screw the rest of football). It's the TV deals that will keep those at the top table going on the same...unless enough folk ditch the subscription channels (which would be great, but I fear most unlikely). One day there'll be a European "super" league and when that comes the national FAs need to have the bottle to say that any players who opt to join that forfeit their opportunity to represent their countries (but again I fear that wouldn't happen either).

[hewittfan]

Reflecting on Dave Allen's decisions in the 2014/15 season, if he "bottled it" when promotion to the Championship became a real possibility, then perhaps the figures above provide some context to what his concerns might have been.

(Instead of course he subsequently found an alternative way of losing £ millions).

[Blue5]

Westbars Spireite, on 01 July 2020 - 03:25 PM, said:

Without the kindly benefactor (or sometimes no so kindly) a warning to what can happen to clubs when the free money tap gets turned off.

Football’s pretty much f*cked - the good thing is that there’s a glimmer of hope that things get reshaped pretty soon as it simply cannot continue. Wildly disproportionate amounts of cash are leaving the game into the pockets of players, sacked managers, agents and assorted grubby intermediaries. It has to end.

I do not see it changing, sadly. Football is essentially controlled by TV broadcasters, gambling firms and the owners of the top clubs who either like sticking their cash into clubs or taking money out, the PL, FA & EFL are just puppets.

As long as there are big amounts of cash at stake, corruption, mismanagement and self-interest will dominate and ruin clubs at all levels.

[Ernie Ernie Ernie]

Blue5, on 01 July 2020 - 05:10 PM, said:

I do not see it changing, sadly. Football is essentially controlled by TV broadcasters, gambling firms and the owners of the top clubs who either like sticking their cash into clubs or taking money out, the PL, FA & EFL are just puppets.

As long as there are big amounts of cash at stake, corruption, mismanagement and self-interest will dominate and ruin clubs at all levels.

Whilst ever clubs are allowed to spend above their legitimate income it will always be a problem

[Blue5]

Ernie Ernie Ernie, on 01 July 2020 - 05:55 PM, said:

Whilst ever clubs are allowed to spend above their legitimate income it will always be a problem

Without doubt, that in itself attracts the wrong'uns and allows for the "mismanagement".

This post has been edited by Blue5: 01 July 2020 - 06:21 PM

[spireitetoo]

Is this partly down to the Paul Cook effect, players on big bonuses for wins etc, we made massive losses even during our 2 good seasons under him, despite lucrative cup runs,.. (OK Derby away), a trip to Wembley a promotion season and playoff season, resulting in bumper crowds..

This post has been edited by spireitetoo: 01 July 2020 - 06:26 PM

[Paul Fisher]

Paul Cook didn't sign the cheques.

[Wooden Spoon]

hewittfan said:

1593623276[/url]' post='1522434']
Reflecting on Dave Allen's decisions in the 2014/15 season, if he "bottled it" when promotion to the Championship became a real possibility, then perhaps the figures above provide some context to what his concerns might have been.

(Instead of course he subsequently found an alternative way of losing £ millions).

He could have had one season in the championship, kept the budget similar, told the manager his job was safe no matter the outcome and to plan for the next season in L1. And had a heap of tv money to clear debts and build the next season. Imagine the average crowds from a promotion, a season in the championship and then a season challenging again.



But that all depended on a well club making the most of its resources, not a shower of **** chancers spending someone else’s money with no thought form consequences