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Wigan Warriors • Re: Latics in administration - Lenagan leading bid

afootingmiracle21-12 wrote:

Are they really tho? Personally I think that’s more tichead nonsense because a lot haven’t been intelligent enough to understand the realities. Many still have delusions of grandeur that they’re a big club fallen on tough times, and capable of returning to the premier league in the not to distant future....something that’s now more a reality for Accrington Stanley or Forest Green Rovers (who could replace them in a couple of weeks)!!

Admins have also been trying to sell a club in almost impossible circumstances. The club are valueless, haemorrhaging money even now (15k per day despite rationalisation). So admins have had to leverage the value of the ground as an asset for essentially throwing your money down a bottomless pit!!
It’s a miracle they’ve sold them imo.

The added challenge is who’s interested. Mostly overseas individuals who see them as a loss making operation to use as a taxsaving vehicle on profits in their home country (like the Spanish) or worse still, a business to launder money. Those individuals don’t meet the fit and proper persons test to preserve league status, so most options have been dead ends!!

They’ve also accused them of lying because of lack of updates or limited information, without realising they have NDAs with every party dealing with them!!

Add it all together I think the admins have done a phenomenal job in keeping them in business....Macclesfield and Bury were arguably in stronger positions but went the other way. You’d expect they’d show some humility and realise that tbh


Ok ill bite, if they are legit and done the best for the club, why didnt they accept IL's bid as it was more than they sold it for? 4 months later when they have got all they can from it have they sold it for less than the bids that were tabled in Dec/Jan?

Statistics: Posted by Pieman — Sun Mar 21, 2021 10:13 pm


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