Wigan Warriors • Latics in administration - Lenagan leading bid
wiganermike wrote:
Latics went into administration, there was no mention of a stadium management company being in administration. The administrator appointed to control Latics' administration was selling as a package Latics, a training ground and the stadium. Ergo Latics must own the stadium or there would be no reason to sell the stadium and certainly not as part of a deal for the Latics. Had the stadium been sold separately as the Euxton training ground was then Latics would no longer own it but it appears to have been sold along with Latics so Latics (or their prospective new owners) will still own the stadium.
Why do you think it has taken so long to sell Wigan Athletic. It has been due, according to the administrators, potential buyers only wanting to buy Wigan Athletic without buying the Stadium or bidders wanting to just buy the Stadium as a purchase on its own which I suspect was the interest by the Lenagan Consortium bid.
The Spanish buyers are the only bidder who has met the requirements of the Administrators who were only prepared to sell Wigan Athletic and its ownership of the Stadium together as it was at the time the Wigan Athletic went into administration.
In other words, Wigan Athletic are still the owners/landlords of the Stadium as they have been since Whelan transferred it financial affairs from Whelco Holdings to Wigan Athletic in order to sell the club.
Statistics: Posted by Ruddy Duck — Mon Oct 12, 2020 11:36 pm — Replies 661 — Views 55710