sherlyegg Posted July 31, 2020 Share Posted July 31, 2020 2 minutes ago, HarrowbyOwl said: No idea if it will wash or not. Our celebrity chef QC seemed to think it was worth appealing Course he did, 100k bonus, no win, no ski. Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted July 31, 2020 Share Posted July 31, 2020 11 minutes ago, sherlyegg said: Course he did, 100k bonus, no win, no ski. Wigan appointed David Phillips QC to represent them. The appeal is reputed to be costing around 400-500k. They must have thought long and hard about risking that much surely? Link to comment Share on other sites More sharing options...
Essix Blue Posted July 31, 2020 Share Posted July 31, 2020 40 minutes ago, HarrowbyOwl said: Wigan appointed David Phillips QC to represent them. The appeal is reputed to be costing around 400-500k. They must have thought long and hard about risking that much surely? IF that’s true, surely there’s questions to be asked of the administrator. They’re trying to save £6m by selling players - 500k is a lot of money to them atm Link to comment Share on other sites More sharing options...
Guest Posted July 31, 2020 Share Posted July 31, 2020 4 hours ago, soldierboyblue said: They aren't arguing that they are arguing Force Majeure so it will be really interesting as it could set a precedent for any future appeals etc Very interesting as you say, can't see how they can win this one given the circumstances but if they do win then it surely opens the door for many clubs to go into administration on this basis and appeal the points deduction while ever the virus is impacting. An ownership structure that is has been funding a club beyond its revenue could feasibly say they can no longer continue to do so in the current climate and as such put the club into administration. They could then argue this came under force majeure to prevent the points deduction and the club could be sold on to anyone with the debts having been wiped. Link to comment Share on other sites More sharing options...
Guest Posted July 31, 2020 Share Posted July 31, 2020 3 hours ago, Hookowl said: It's not the owner appealing, it's the administrator. https://www.stokesentinel.co.uk/sport/football/football-news/wigan-athletic-points-deduction-championship-4363033 Who is funding this appeal? Wigans local newspaper suggests the lawyers acting on behalf of the club are being paid £500,000. Link to comment Share on other sites More sharing options...
soldierboyblue Posted July 31, 2020 Share Posted July 31, 2020 17 minutes ago, Essix Blue said: IF that’s true, surely there’s questions to be asked of the administrator. They’re trying to save £6m by selling players - 500k is a lot of money to them atm But it's called a risk balance case - how much are they going to lose if they go down? So 500k against potentially millions is worth the risk 1 Link to comment Share on other sites More sharing options...
Jim Posted July 31, 2020 Share Posted July 31, 2020 26 minutes ago, Essix Blue said: IF that’s true, surely there’s questions to be asked of the administrator. They’re trying to save £6m by selling players - 500k is a lot of money to them atm The circumstances surrounding the administration seem to be pretty odd to say the least when you bear in mind there was a supposed change of ownership just a month or so earlier? It would be easier to try and find a buyer for a championship club than a club in League 1 so from the administrators point of view despite the cost it is a calculated risk worth taking? Link to comment Share on other sites More sharing options...
Guest Posted July 31, 2020 Share Posted July 31, 2020 8 minutes ago, soldierboyblue said: But it's called a risk balance case - how much are they going to lose if they go down? So 500k against potentially millions is worth the risk So in effect they are trying to protect the level of income at Championship level to preserve as much money as possible to pay the creditors? If that's the case then normally I could understand that as I think the TV money in the Championship might be worth around £5-6M more than League One but that doesn't take into account any reduction in TV money due to COVID and with fan restrictions the gate income is not likely to be significantly affected regardless of which division they will be in as things stand. There also the potential for success to be taken into account - as far as I am aware no club has escaped the 12 point deduction for administration under the current rules. Also, Wigans staff might well be on a bonus for avoiding relegation which would need to be factored in. Link to comment Share on other sites More sharing options...
soldierboyblue Posted July 31, 2020 Share Posted July 31, 2020 2 minutes ago, hirstyboywonder said: So in effect they are trying to protect the level of income at Championship level to preserve as much money as possible to pay the creditors? If that's the case then normally I could understand that as I think the TV money in the Championship might be worth around £5-6M more than League One but that doesn't take into account any reduction in TV money due to COVID and with fan restrictions the gate income is not likely to be significantly affected regardless of which division they will be in as things stand. There also the potential for success to be taken into account - as far as I am aware no club has escaped the 12 point deduction for administration under the current rules. Also, Wigans staff might well be on a bonus for avoiding relegation which would need to be factored in. The first paragraph - yes I think that is why the appeal has been submitted and don't forget that most Administrators also get a bonus if they can sell the business as a going concern With regards to Covid - I don't think anyone can put an actual figure on how much it's cost (yet). The rules around administration are very clear and -12 points is what it results in for the team. With regards to playing contracts I'm uncertain as to how they would be affected by administration but knowing how they normally are bullet proof I think you are spot on with regards the bonus. 1 Link to comment Share on other sites More sharing options...
soldierboyblue Posted July 31, 2020 Share Posted July 31, 2020 4 hours ago, Plonk said: Excuse my ignorance so covid then? But didn’t he only take over a couple of weeks before admin? Seems a bit skimpy. What I meant was HE put them into admin within a couple of weeks. Is he claiming “oh poo! I didn’t realise what I bought” or ” oh poo I didnt realise these were consequences” or ” oh poo. I never thought they’d actually stop up” What in essence they are arguing is that because of Covid this has affected the 'available money' to be put into the club. The rest is down to opinion or conjecture don't know enough about Wigan's owners to comment Link to comment Share on other sites More sharing options...
bobness Posted July 31, 2020 Share Posted July 31, 2020 3 hours ago, prowl said: Wigan appeal should be over quickly. " Did you call in the administrators?" "Erm, sort of , a bit". "Yes or no?" "Might have." " Is that a yes." "Could be." "One last time, yes or no?" "Yes." "The rules say if you call in administrators you get a 12 point deduction, so you are bang to rights." " Next." THE CAT DID IT. HONEST! https://www.independent.co.uk/life-style/gadgets-and-tech/news/man-blames-cat-for-muck-downloads-1770059.html 1 Link to comment Share on other sites More sharing options...
1/10/1983 Posted July 31, 2020 Share Posted July 31, 2020 42 minutes ago, Essix Blue said: IF that’s true, surely there’s questions to be asked of the administrator. They’re trying to save £6m by selling players - 500k is a lot of money to them atm It could be that relegation equals certain liquidation. Horrible possibility. Really feel for Wigan fans right now. Link to comment Share on other sites More sharing options...
Patheard Posted July 31, 2020 Share Posted July 31, 2020 54 minutes ago, hirstyboywonder said: Who is funding this appeal? Wigans local newspaper suggests the lawyers acting on behalf of the club are being paid £500,000. Wigan's local paper-the Stoke Sentinel? It's 50 miles from Wigan to Stoke. Link to comment Share on other sites More sharing options...
Guest Posted July 31, 2020 Share Posted July 31, 2020 3 minutes ago, Patheard said: Wigan's local paper-the Stoke Sentinel? It's 50 miles from Wigan to Stoke. Erm, I read it on the Wigan Today website, I don't tend to get all my info solely from links on Owlstalk threads! Link to comment Share on other sites More sharing options...
The only way is S6 Posted July 31, 2020 Share Posted July 31, 2020 19 minutes ago, Patheard said: Wigan's local paper-the Stoke Sentinel? It's 50 miles from Wigan to Stoke. I saw your username on this thread & thought; thank fk somebody knows summat, at last. Alas not. Link to comment Share on other sites More sharing options...
DSandersonOWL Posted July 31, 2020 Share Posted July 31, 2020 Just checking out : Have we been relegated yet? And has Monk got the owl boot? Link to comment Share on other sites More sharing options...
swfcjam Posted July 31, 2020 Share Posted July 31, 2020 Shitstorm Friday is on its way Link to comment Share on other sites More sharing options...
WAWAWUTO17 Posted July 31, 2020 Share Posted July 31, 2020 Link to comment Share on other sites More sharing options...
prowl Posted July 31, 2020 Share Posted July 31, 2020 55 minutes ago, bobness said: THE CAT DID IT. HONEST! https://www.independent.co.uk/life-style/gadgets-and-tech/news/man-blames-cat-for-muck-downloads-1770059.html I'll remember that excuse. It might work if we get a cat. 1 Link to comment Share on other sites More sharing options...
mogbad Posted July 31, 2020 Share Posted July 31, 2020 1 minute ago, WAWAWUTO17 said: ooohhhh feck 1 Link to comment Share on other sites More sharing options...
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