Wigan paying players late



The Cabbage said:
You're buying assets out of administration, not future performance. You could buy the assets and repurpose them to a completely different business if you wished.

I get why you'd be against it given your recent experience with BWFC. However, what is actually more likely to damage the long term viability of a club? A mandated period of additional financial control or the very real risk that the club will go back and do exactly what they did to go into administration within a few years? What should the FL do with clubs who have multiple administration periods in short order? Just let them keep doing it, while hurting creditors and negatively affecting the sporting integrity of the leagues they were in? I see that your parent company has missed its deadline for filing accounts for the year. Almost certainly nothing. But if it turns into something, what would BWFC fans prefer? A harder pathway to return or yet another admin round with a drastically increased chance of the club going to the wall this time?
Click to expand...
You're still missing the point, there is no 'long term viability', or even short term viability, if there is no buyer.

Penalising clubs over and above the existing penalties would make it even more difficult for clubs to find a buyer.
 
SpiritofBurnden said:
You're still missing the point, there is no 'long term viability', or even short term viability, if there is no buyer.

Penalising clubs over and above the existing penalties would make it even more difficult for clubs to find a buyer.
Click to expand...
I’m not missing the point at all. I just disagree about there being no buyer. It would chase off the chancers and quick return chasers, but that’s a good thing.

Ultimately there has to be a system whereby administration is a one-time event wherever humanly possible. It’s clear from how football people operate that it cannot be left to natural good practice and self-governance as they are so often unwilling to do that (egged on as they always are by fans who just want to get back to spending). The football league should have a system in place that means that admin can’t be allowed to happen again within a short time window - even at the expense of the a clubs ability to compete on a sporting level.
 
Hot Since 82 said:
Interesting.

Revenue increases considerably in the championship, from higher TV money. Per Swiss Ramble writing in 2018 "Most Championship clubs receive £7-8m TV money, including £2.3m EFL central distribution and £4.3m Premier League solidarity payment" the difference thereafter arises due to number of TV appearances.

Increased salaries might eat up a lot of that additional revenue though obviously.

Being entirely selfish the more clubs struggling like Birmingham, Reading and possibly Wigan the better for us.

Bit of spin there from the ceo, 1 working day late. Its the 4th of July today, not great for June's pay.
Click to expand...

Hazard to bet they are trying to get banking arrangements in place based on next season’s revenues and as someone else suggested they don’t have cash to pay bonus inflated salaries in close season
Hot Since 82 said:
Interestingly on Friday the CFO of Wigan Richard Bramwell resigned as a director. Sacked presumably. Or maybe walked out as doesn't want reputational damage on his cv.
Click to expand...

Lenders/ banks may have insisted on it in order to provide banking arrangements
 
Last edited:
Big Bad Don said:
You say that but if Short didn't write off all that debt we could of properly been in the shit
Click to expand...

If Short hadn’t created all the debt in the first place he wouldn’t have needed to write it off.
He was only clearing off his own credit card. Morally the correct thing if not legally obliged to. But that goes for all of us.
 
Chewit said:
If Short hadn’t created all the debt in the first place he wouldn’t have needed to write it off.
He was only clearing off his own credit card. Morally the correct thing if not legally obliged to. But that goes for all of us.
Click to expand...
You can take it that way but plenty of these clubs that have hit the wall are all down to one person who didn't have such a moral conscious, not sticking up for the fella as he screwed the club with his decisions and appointments then just deciding to pull the plug on his investments but you still have to think how bad it got have gotten if he hadn't written it off when technically he didn't have to.
 
WASTID said:
Or, someone buys the club and actually tries to run it WELL in a SUSTAINABLE manner.

If you have the funds to pump in £5m or £10m every year to cover off the costs then the argument of course is that its sustainable. But the problem is, what happens if that owner suddenly can't afford to put that cash into the business? Overnight it becomes totally unsustainable.

With sensible and clever recruitment you can go a long way. Many a club have shown that.

By throwing money around that you can't guarantee can be sustained can risk the entire future of the club's existence. Derby, Reading, Birmingham etc are clubs as recent as last season that appear to be in difficulties but there have been many more in recent years (and we were in a right old mess under Ellis Short remember).
Click to expand...
Something needs to be reset to get it back to what you say.

Football is different to many businesses, in that if you can't compete with a rival, you can lose your assets to that rival. So you get a rich club at the top which is not being run in a sustainable way and propped up by masses of income from a rich owner. The next club down the ladder has to try to match that, but with lower funds, otherwise their best players might walk out. So they do what they can and build up debt. But then the next club down from them now have to compete with that just above them, and so on and so on.

Look at us with Ndong and Dijilobodji. In the Championship with £22m of 'talent' and they refused to play. If we could have sold them sooner and used that cash, we might not have gone down again. It hurt us when on a low and all clubs fear that happening to them. If you are in the building trade and you own a massive crane today, you still own it tomorrow. If you are in football and own a delicate personality they can be a world beater today and just be a worthless liability on your books tomorrow.

I've no problem with an owner putting in a bit of money as one off investment to try and grow, but when it is a sustained insanely massive amount then the whole competitiveness falls apart. You also have the other side where in order to make money back, TV subscriptions become the most expensive TV package going, by a long way. Match day tickets are many times what they were in 1990, nowhere near inflation for the same time. Team shirts, pints, pies etc, all end up massively overpriced and supporters struggle to watch their team without putting a significant amount of their income towards it. And to what end? So an untested 18 year old can be worth over £10m, earning many millions per year.

It is all broken and until it is fixed, teams like Derby and potentially Wigan now, are going to have problems.
 

Back
Top