Ron Springett In The Net - Sheffield Wednesday

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HoylandOwl

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Sheffield Wednesday
#1 01/07/2020 at 12:32

Just seen this posted on Twitter from Sky Sports and Talksport....

Wigan Athletic Football Club has announced it has gone into administration 

13.11.2010 at 20.51 emre...tbh, Hoylands goal gave me a semi 

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Hirsty's 12th Pint

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#2 01/07/2020 at 12:32

First of a few???  

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HoylandOwl

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#3 01/07/2020 at 12:32

Windass...... Fire sale? 

13.11.2010 at 20.51 emre...tbh, Hoylands goal gave me a semi 

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Beaconowl

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#4 01/07/2020 at 12:33

Points deduction? 

Its now or never 

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Otto_Man

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#5 01/07/2020 at 12:36

Weren't they bought out recently? 

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mkowl

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#6 01/07/2020 at 12:42

Points deduction?
Beaconowl , 01/07/2020 at 12:33


Interesting one - not sure think it is at the discretion of the EFL which year it falls into  

Happy clapping for 4 years more than Emre 

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KingMong

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#7 01/07/2020 at 12:44



Interesting one - not sure think it is at the discretion of the EFL which year it falls into
mkowl, 01/07/2020 at 12:42


Yes. It has to be applied when it has the biggest impact. And you can bet your ass that the current strugglers will be pushing for the -10/-12 or -15 to be applied this season. 

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owl4ever1867

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Sheffield Wednesday
#8 01/07/2020 at 12:48

Just goes to show how much DC puts into our club, just my opinion but if we were still under MM this could quite easily have been us.

Its been said a few times on here when Bury went under, they won't be the last to go under.

Football as we knew it the day the PL & Sky Sports came along, it was no longer a working mans game.

Clubs are now seeking those billionaire owners just to keep afloat, just watch the Sunderland documentary on Netflix, when they were in the PL, they were running the club at a massive loss, money was being pumped into the club by there billionaire owner, who quite frankly didn't give a toss.

I've still got ticket stubs from the 90s & to sit on the kop to watch the likes of Waddle, Hirst, Sheridan, Nilsson etc it was £5.50.

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tylluan

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Sheffield Wednesday
#9 01/07/2020 at 12:58

Didn't Leeds and Coventry both cop 10 points for going into admin before the season ended? Leeds about 3 games before it ended.
Bolton took the hit at the start of the following season after declaring on 14th May. 

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MPB

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#10 01/07/2020 at 12:58

First of a few???
Hirsty's 12th Pint, 01/07/2020 at 12:32


I think it’s sadly inevitable, the next year could see a few disappear altogether. 

It’s down to you now Garry!!! OH, AND FUCK THE EFL!!!! 

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holmesfield_owl

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Sheffield Wednesday
#11 01/07/2020 at 13:08



I think it’s sadly inevitable, the next year could see a few disappear altogether.
MPB, 01/07/2020 at 12:58


Exactly the reason those slating Chansiri and wanting him out need to be careful what they wish for. 

2019/20, the promotion party starts now!!!! 

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P_O_T_R

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#12 01/07/2020 at 13:11

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Reesh1867

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Sheffield Wednesday
#13 01/07/2020 at 13:25

Didn't Leeds and Coventry both cop 10 points for going into admin before the season ended? Leeds about 3 games before it ended.
Bolton took the hit at the start of the following season after declaring on 14th May.
tylluan, 01/07/2020 at 12:58


Leeds went into admin when they were officially relegated, so the EFL put the points on next season.  

Consilio et Animis 

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MPB

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#14 01/07/2020 at 13:31



Exactly the reason those slating Chansiri and wanting him out need to be careful what they wish for.
holmesfield_owl, 01/07/2020 at 13:08


Some of the ill-informed anti-DC bile that you see on social media is bizarre, ‘stalk is a good case in point, but then they championed fuckin Strafford and his whimsical balloon headed ideas based on 30k ST holders paying full whack....in League One! 

It’s down to you now Garry!!! OH, AND FUCK THE EFL!!!! 

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mkowl

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#15 01/07/2020 at 13:37



Leeds went into admin when they were officially relegated, so the EFL put the points on next season.
Reesh1867, 01/07/2020 at 13:25


If they are in the relegation spots then pushed to next season

If not it is applied to this season -

so are they taking a punt on getting enough points to stay up even if -12 is applied

Happy clapping for 4 years more than Emre 

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Skamp

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#16 01/07/2020 at 13:46

Wigan Athletic have gone into administration, becoming the first English professional club to do so since the coronavirus pandemic began.

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.


according to auntie  

Post edited on 01/07/2020 at 13:46 by Skamp

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Skamp

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#17 01/07/2020 at 13:48

Effectively, they're on 38 points right now 

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Andyben

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#18 01/07/2020 at 13:54

Wigan go bottom of the league, dingles & pubehad feel a little safer.

Telling you now, we'll not get a points deduction.

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HoylandOwl

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Sheffield Wednesday
#19 01/07/2020 at 13:55

13.11.2010 at 20.51 emre...tbh, Hoylands goal gave me a semi 

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Bradders23

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#20 01/07/2020 at 13:58

Isn't Krasner the one who was involved at Leeds & effectively asset stripped them? 

Of course there are cracks, that's how the light gets in. 

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Skamp

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#21 01/07/2020 at 13:59

In fairness, you'd want to get relegated after -12 points and start next season on 0 than get relegated and start on -12 

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Reesh1867

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Sheffield Wednesday
#22 01/07/2020 at 14:13

Isn't Krasner the one who was involved at Leeds & effectively asset stripped them?
Bradders23, 01/07/2020 at 13:58


No he effectively saved Leeds and sold them to Bates....

He does have a fucking squeaky voice though 

Consilio et Animis 

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mkowl

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#23 01/07/2020 at 16:10

Just reading the BBC site and Krasner has indicated it is the case that funding from the new owners has not materialised - so it looks like a basic cash flow issue as opposed to playing the system  

Happy clapping for 4 years more than Emre 

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P_O_T_R

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#24 01/07/2020 at 16:15

Just reading the BBC site and Krasner has indicated it is the case that funding from the new owners has not materialised - so it looks like a basic cash flow issue as opposed to playing the system
mkowl, 01/07/2020 at 16:10


Hope EFL has emails saying the deal was above board! 

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Andyben

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Sheffield Wednesday
#25 01/07/2020 at 17:35

Question:

Should we? 

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P_O_T_R

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#26 01/07/2020 at 18:35

Question:

Should we?
Andyben, 01/07/2020 at 17:35


We have or so DC saysCry

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Andyben

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Sheffield Wednesday
#27 01/07/2020 at 19:03

I menat take the 12pts and go into admin if we get cleared at the hearing 

Post edited on 01/07/2020 at 19:03 by Andyben

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tylluan

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Sheffield Wednesday
#28 01/07/2020 at 20:49

I menat take the 12pts and go into admin if we get cleared at the hearing
Andyben, 01/07/2020 at 19:03


Out of interest what purpose would it serve?

China have stopped money flowing out of Hong Kong so maybe that's led to Wigans problems 

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Andyben

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Sheffield Wednesday
#29 01/07/2020 at 20:53

Dunno but if China are restrictinh flow of HK capital (as they do mainland) then ask yourself this.

Where is our Group Holding Company registered... 

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TommyCraig6

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#30 01/07/2020 at 21:47

Wigan go bottom of the league, dingles & pubehad feel a little safer.

Telling you now, we'll not get a points deduction.

Andyben, 01/07/2020 at 13:54

And us! 

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Owling_Wolf

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Yellow Card

#31 01/07/2020 at 21:56


And us!
TommyCraig, 01/07/2020 at 21:47

That was my first thought when I heard. 

We must not give opposition teams hope. We have to kill them. 

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Reesh1867

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Sheffield Wednesday
#32 02/07/2020 at 01:55


That was my first thought when I heard.
Owling_Wolf, 01/07/2020 at 21:56


Imagining win 3 on the spin and still losing points.  

Consilio et Animis 

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Owling_Wolf

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Yellow Card

#33 02/07/2020 at 09:21

Imagine not winning and ... 

We must not give opposition teams hope. We have to kill them. 

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Bradders23

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#34 02/07/2020 at 10:47

Administrators trying to appeal against the 12 point penalty - talking to EFL.

They're also saying that 12 parties are interested in buying Wigan, Hopefully they'll survive but why would 12 parties be interested in buying a small town football club right now? 

Of course there are cracks, that's how the light gets in. 

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HoylandOwl

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Sheffield Wednesday
#35 02/07/2020 at 10:48

I can't understand how can they appeal the penalty, I thought administration just brought it now.... So regardless of if they're bought again, they should be hit under the rules.  

13.11.2010 at 20.51 emre...tbh, Hoylands goal gave me a semi 

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Bradders23

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#36 02/07/2020 at 10:50

I can't understand how can they appeal the penalty, I thought administration just brought it now.... So regardless of if they're bought again, they should be hit under the rules.
HoylandOwl, 02/07/2020 at 10:48


Well Yes exactly, maybe they're going to argue special circumstances in terms of the money not coming from Hong Kong, I don't know.

But surely every club would argue special circumstances in that case? 

Of course there are cracks, that's how the light gets in. 

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HoylandOwl

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Sheffield Wednesday
#37 02/07/2020 at 11:35

Yeah, I wouldn't expect them to just leave it. I know I wouldn't want Wednesday to just leave it. 

13.11.2010 at 20.51 emre...tbh, Hoylands goal gave me a semi 

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Otto_Man

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#38 02/07/2020 at 11:52

Yeah, I wouldn't expect them to just leave it. I know I wouldn't want Wednesday to just leave it.
HoylandOwl, 02/07/2020 at 11:35

But the rules are absolutely crystal clear...if you go into admin you get a 12 point deduction.

Plenty of team's have an excuse, some of them are really good, but given we're expecting a points deduction because our owner wants to put his own money in to keep us out of that sort of situation, you can't be lenient to team's that are doing the polar opposite...appreciate it sucks, but blame Leicester for that. 

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Andyben

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Sheffield Wednesday
#39 02/07/2020 at 12:17

Bury had a stronger case to remain in the league than Wigan do against admin.

Theyre trying a 'Force Majeur' defence but its unlikley to succeed

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MPB

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#40 02/07/2020 at 12:29

I hope Wigan do appeal, no matter how tenuous, pile more work on Parry’s desk, keep the bin dipping c**t busy. 

It’s down to you now Garry!!! OH, AND FUCK THE EFL!!!! 

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Baresi

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#41 02/07/2020 at 12:35

Bury had a stronger case to remain in the league than Wigan do against admin.

Theyre trying a 'Force Majeur' defence but its unlikley to succeed
Andyben, 02/07/2020 at 12:17


Kieran Maguire was quick to push that as a potential 'get out of jail free card' yesterday, citing Covid-19 as the 'forceMidgeUre'. 

I ask you will Galway bate Mayo? Not if they have Willie Joe...they haven't a hope of beating Mayo! 

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Skamp

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#42 02/07/2020 at 12:47

Administrators trying to appeal against the 12 point penalty - talking to EFL.

They're also saying that 12 parties are interested in buying Wigan, Hopefully they'll survive but why would 12 parties be interested in buying a small town football club right now?
Bradders23, 02/07/2020 at 10:47


They might be a Foreigner  

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Skamp

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#43 02/07/2020 at 12:59

wouldn't force majeure have to impact upon both parties though to 'frustrate'?

If they do avoid a 12 points deduction,, fill your boots Chansiri and the other 71 EFL clubs and let's all start again with no trade creditors 

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Andyben

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Sheffield Wednesday
#44 02/07/2020 at 13:30

The administrator for Wigan Athletic has admitted that there is no guarantee the players and staff will be paid tomorrow amid concerns that the club could follow Bury in being ejected from the English Football League.

Gerald Krasner, from Begbies Taylor, said that the owners, who only bought the Championship club last month, have refused to put in any more money and that there was only a “75 per cent” chance of completing the season.

Four weeks ago Wigan was sold from one Hong Kong-based company to another, both of which were, until recently, majority owned by the same businessman and a high-stakes poker player, Dr Choi Chiu Fai Stanley.

Krasner said that he is now dealing with the English lawyers of the owners and would be leading an investigation into the circumstances that led to the club being put into administration yesterday.

It was in November 2018 that former chairman Dave Whelan sold the club to International Entertainment Corporation (IEC), a Hong Kong-based, Cayman Islands-registered company, for £15.9 million. Last month, however, IEC sold the club to Next Leader Fund, another Hong Kong-based consortium, for £17.5m, plus repayment of £24.36m the company had invested in the club.

Krasner said he did not know if the loan had been repaid as part of the sale but yesterday he detailed the dire circumstances Wigan are now in, even admitting that there was an issue around the insurance of the players before their encounter with Stoke City earlier this week. Krasner said that the situation was resolved.

Asked how a club can be put into administration only four weeks into new ownership, Krasner said: “I think that’s a first and that will have to be looked at in due course. But my priority is to get this club sold and get them to the end of the season.

“Every administration I’ve been involved in has had its peculiarities but I think four weeks is a record that will stand for some time. The owners have said they are not putting any more money in, hence I’m sitting here today.”

Krasner said that he already has “12 interested parties” and will be distributing non-disclosure agreements and seeking proof of funds. He said the club could be acquired for as little as £10 million despite its assets, including the stadium and the training ground. He also asked journalists on a video conference call to circulate his phone number and email details, such is the urgency.

Krasner said that he hoped to have a list down to two serious bidders “by the end of July”. He stressed that the “75 per cent chance” of Paul Cook’s side being able to complete the season could rise.

“We are working on that as we speak,” Krasner said in response to a question about wages, which are due to be paid tomorrow. “I’m not going to guarantee anything but I’m going to do the best that I can. If wages are paid, even if they are not paid in full, everyone feels a bit better.

“The money I have to raise now is to make sure the travelling expenses are paid for the match on Saturday. It’s day to day items as well as wages. It’s not as bad as Bury because they are not in the Football League anymore. But if we don’t solve it and sell it then yes, it’s as bad as Bury, because the ultimate sanction is liquidation.”

Krasner said that he expected at least one more Championship club to go into administration and called for the EFL and the Premier League to consider revising their insolvency rules.

“Every director has to fill in a questionnaire and that will involve the owner,” he said. “We will be looking at the transaction from the Hong Kong company. We just don’t know what’s gone on.

“My experience tells me most things in football, financially, don’t make sense. But I think the Premier League and the EFL may have to revise, short term, their insolvency rules if a number of clubs start going over. And start looking at foreign ownership a bit more.

“If somebody is sat 5000miles away it’s much easier to do things than if you live in the town where you own the football club. What we don’t know yet is whether the new owner has repaid that loan by putting his own money in.” 

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Andyben

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#45 02/07/2020 at 13:32

Not can't send the money, won't send the money. 

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tylluan

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#46 02/07/2020 at 15:00

How does a high stakes poker player constitute a 'fit and proper' person to buy a club?

he's a gambler by profession so surely that raises questions?

It's like Paddy Power coming in as the preferred bidder 

Post edited on 02/07/2020 at 15:02 by tylluan

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Baresi

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#47 02/07/2020 at 15:17

How does a high stakes poker player constitute a 'fit and proper' person to buy a club?

he's a gambler by profession so surely that raises questions?

It's like Paddy Power coming in as the preferred bidder
tylluan, 02/07/2020 at 15:00


Rather a bookie be the owner than a gambler, Ty. The bookie always wins. 

I ask you will Galway bate Mayo? Not if they have Willie Joe...they haven't a hope of beating Mayo! 

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harryspeakup

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#48 02/07/2020 at 16:15

There’s a big difference between being a high stakes poker player, a professional poker player and a professional high stakes poker player.



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mkowl

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#49 02/07/2020 at 16:28

wouldn't force majeure have to impact upon both parties though to 'frustrate'?

If they do avoid a 12 points deduction,, fill your boots Chansiri and the other 71 EFL clubs and let's all start again with no trade creditors
Skamp, 02/07/2020 at 12:59


And fuck over the small businesses that make supplies to them

So that we can continue to pay over the top wages to players

that's what it comes down to  

Happy clapping for 4 years more than Emre 

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mkowl

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#50 02/07/2020 at 16:33

so he has basically lost Wigan in a high stakes game of poker innit 

Happy clapping for 4 years more than Emre 

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