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HighfieldSeasider
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Wigan Athletic go into administration
The club, who are 14th in the Championship, are now urgently looking for a buyer to save them.
news.sky.com
Shocking! Weren’t they bought/sold not long ago?
I've been saying the same, I think players are going to get a rude awakening on contract renewals, and if DFD's suggestion that 60% pay cuts are being the norm, I still think young 20 somethings on over a grand a week is unsustainableI'll be surprised if we aren't in double figures by the end of the month
Short answer is players and other football staff are paid far too much
A banged my leg this morning, bloody Brexit.Brexit a big factor too... https://www.theguardian.com/footbal...istration-four-weeks-after-hong-kong-takeover
Brexit a big factor too... https://www.theguardian.com/footbal...istration-four-weeks-after-hong-kong-takeover
thought there was a timing issue with the deduction, e.g. after a certain date its held over to next season if it diesnt affect the outcome.12 point deduction puts them bottom however as they are doing well they might still survive relegation
A banged my leg this morning, bloody Brexit.
No it would be this season, as Bournemouth waited until the 80th minute of their last game of the season, when they were to be relegated if they lost, but results went in their favour, so announced admin in the 80th minute, thus getting the points deduction the following season, the mighty EFL saw this and changed the rules..thought there was a timing issue with the deduction, e.g. after a certain date its held over to next season if it diesnt affect the outcome.
Also depends in your a Bolton or a Bury.... same problem, different solution....No it would be this season, as Bournemouth waited until the 80th minute of their last game of the season, when they were to be relegated if they lost, but results went in their favour, so announced admin in the 80th minute, thus getting the points deduction the following season, the mighty EFL saw this and changed the rules..
See 12.3.4 re 4th Thursday in March - although I accept "normal" may not apply.No it would be this season, as Bournemouth waited until the 80th minute of their last game of the season, when they were to be relegated if they lost, but results went in their favour, so announced admin in the 80th minute, thus getting the points deduction the following season, the mighty EFL saw this and changed the rules..
I stand corrected, BBC seem to think a 12pt deduction?See 12.3.4 re 4th Thursday in March - although I accept "normal" may not apply.
EFL Official Website - Section 3 - The League
www.efl.com
UK economy in trouble. Why would foreign investors want to remain?A banged my leg this morning, bloody Brexit.
No, it's the bit where it says "and the impact of Brexit. It said Brexit “could have material long-term impact on the economy and the future growth of the UK which may damage investors’ confidence on the UK and also reduce local consumer spending, which could further deteriorate the performance of the [club]”.“unsatisfactory financial performance” . In other words, all about money and absolutely nothing to do with Brexit.
Shame for Wigan which is currently the best performing club in the Championship
You wonder if Wigan may want it applying this season in the hope other clubs go the same way and that then (and their recent good form) saves them and they essentially start next season without any real punishment and potentially a massive chunk of any debt dealt with on favourable terms.
Should they start next season on -12 points they will struggle to recruit a squad regardless of finances as they'll be doomed from the start.
I'll be surprised if we aren't in double figures by the end of the month
Short answer is players and other football staff are paid far too much
Thats how I read it it says points deduction will be applied at end of season unless they are in a relegation place then rolls over.Reading the EFL statement they could still go down this season but will have grounds to appeal the 12 point deduction due to Covid-19.
I doubt that would be successful grounds for appeal when all other clubs are also facing the Covid19. Going into administration potentially gives them a financial competitive advantage over other clubs. What they will be hoping for is to get sufficient points to avoid the relegation even with a 12 point deduction. Being in administration will restrict transfers in and limit wage levels and may allow players to leave if contracts are breached.Reading the EFL statement they could still go down this season but will haveing e grounds to appeal the 12 point deduction due to Covid-19.
Thats how I read it it says points deduction will be applied at end of season unless they are in a relegation place then rolls over.
Robbie - I disagree. As I put in the post above, all other clubs are facing Covid 19. Going into administration potentially gives them a financial competitive advantage over other clubs not in administration
Also force majeure could have been used to void the season or any promotion or relegation, but was not used.
Admin just been on Sky and said does not think Covid related.
Indeed. It cost Bournemouth 3 million quid for his stint as administrator which ultimately comes out of the fans pockets. I'm surprised they didnt go for season ticket renewals to help them along and I wonder if this affects the rugby league team?Gerald Krasner?
Now I am REALLY worried for them.
I think you'll find Paul Stanley will be doing most of the work.Gerald Krasner?
Now I am REALLY worried for them.