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[Football] Wigan go into adminsitration











Acker79

Well-known member
NSC Patron
Nov 15, 2008
31,890
Brighton
The twelve point deduction, I know if they get relegated it is saved to next season. There seems to be an assumption that if they stay up, it will be by less than 12 points so they'll get the deduction this season and it will send them down. If they stay up by more than 12 points, thus points deduction have as much effect as one if they finish bottom 3, will it also be held off to next season, or is it a simple 'finish outside the relegation zone, it gets applied this year' regardless?
 


Joey Jo Jo Jr. Shabadoo

Waxing chumps like candles since ‘75
Oct 4, 2003
11,121
2 games to go. A 12 point deduction right now will dump them bottom 3

No it wouldn't, they are on 57 points, 12 clear of Hull who are 22nd but Wigan have a 27 goal advantage over them. If Luton win tonight then Wigan would be in the bottom 3 with a points deduction, currently 1-1 with QPR as I type this.

The twelve point deduction, I know if they get relegated it is saved to next season. There seems to be an assumption that if they stay up, it will be by less than 12 points so they'll get the deduction this season and it will send them down. If they stay up by more than 12 points, thus points deduction have as much effect as one if they finish bottom 3, will it also be held off to next season, or is it a simple 'finish outside the relegation zone, it gets applied this year' regardless?

I'm not sure if this is still the rule but in 2007 the Football League made the following rule change after Leeds and Boston went into administration once their relegation had been confirmed to avoid the deduction being applied to the following season.

From 2007–08, any club entering administration after the fourth Thursday in March would have their 10-point deduction suspended until the following season. If the club is relegated the points will be deducted from their tally at the start of next season. If the club stays up the 10 points will be taken off their final total.

I know it refers to 10 point deductions and I'm not sure how they would work out the equivalent of the 4th Thursday in March taking lockdown into account, I guess they work out how many games would have been left at that point and forward that through to when Wigan went into administration.

I thought the rule, for clubs entering administration late in the season, had been further modified to apply to deduction to cause maximum effect. IE if they finish less than 12 points outside the relegation zone then the deduction is applied and they are relegated. If the club are relegated naturally or they finish more than 12 points clear of relegation then the deduction is held over to the following season, but I cannot find reference to this and I may have dreamt it.
 
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Originunknown

BINFEST'ING
Aug 30, 2011
3,069
SUSSEX
Hope they play their way out of potential relegation, football will be the winner.

EFL should be held accountable for sanctioning this without due diligence.
 




RM-Taylor

He's Magic.... You Know
Jan 7, 2006
15,274
2-1 up at Charlton at the minute, result will secure safety for them today.
 




amexer

Well-known member
Aug 8, 2011
6,224
Shaw it has been covered before but have not read thru previous. Plenty of interest and looks like they have a serious buyer. Begs question assume this is at a firesale price so why didnt owner sell club at end of season when they would definitely been in championship. His months ownership is going to cost a fortune
 




Swansman

Pro-peace
May 13, 2019
22,320
Sweden
Shaw it has been covered before but have not read thru previous. Plenty of interest and looks like they have a serious buyer. Begs question assume this is at a firesale price so why didnt owner sell club at end of season when they would definitely been in championship. His months ownership is going to cost a fortune

No, because its a criminal scam.

This is what happened:

IEC (HK company specialised in gambling) bought the club from Whelan in 2018. IEC is or was owned by Stanley Choi.

IEC then sold the club to NLF in June, by taking a loan from the selling company (IEC). These companies have the same owner: Stanley Choi.

Choi immediatly hands over control of NLF to some Chinese guy.

Meanwhile, a massive bet is made in the Philippines that Wigan will get relegated.

Chinese guy immediatly contacts administrators to take charge of the club, meaning they would get a 12 point deduction - which at the time almost certainly looked like it would mean relegation. Making the Philippinese giant bet win.

Stanley Choi will be making money through the loan he made from his own company to buy his own club. ~£30m loan with 8% interest. Anything the admins are able to sell will probably go to pay off this debt.

Chinese guy (and possible Choi) would presumably make money from the giant bet on Wigan's relegation.

If Wigan manages to stay up, I'm guessing it will be a very poor deal to at least the Chinese guy. Choi will probably still make his money from the money he borrowed to himself.
 




Gabbiano

Well-known member
Dec 18, 2017
1,284
Spank the Manc
Shaw it has been covered before but have not read thru previous. Plenty of interest and looks like they have a serious buyer. Begs question assume this is at a firesale price so why didnt owner sell club at end of season when they would definitely been in championship. His months ownership is going to cost a fortune

There are rumours of a very large bet in the Philippines on Wigan going down. So presumably he would earn his money back that way.
 


LlcoolJ

Mama said knock you out.
Oct 14, 2009
12,982
Sheffield
No, because its a criminal scam.

This is what happened:

IEC (HK company specialised in gambling) bought the club from Whelan in 2018. IEC is or was owned by Stanley Choi.

IEC then sold the club to NLF in June, by taking a loan from the selling company (IEC). These companies have the same owner: Stanley Choi.

Choi immediatly hands over control of NLF to some Chinese guy.

Meanwhile, a massive bet is made in the Philippines that Wigan will get relegated.

Chinese guy immediatly contacts administrators to take charge of the club, meaning they would get a 12 point deduction - which at the time almost certainly looked like it would mean relegation. Making the Philippinese giant bet win.

Stanley Choi will be making money through the loan he made from his own company to buy his own club. ~£30m loan with 8% interest. Anything the admins are able to sell will probably go to pay off this debt.

Chinese guy (and possible Choi) would presumably make money from the giant bet on Wigan's relegation.

If Wigan manages to stay up, I'm guessing it will be a very poor deal to at least the Chinese guy. Choi will probably still make his money from the money he borrowed to himself.

You should probably add a couple of "allegedy"s in there. Just to be on the safe side......
 


Swansman

Pro-peace
May 13, 2019
22,320
Sweden
You should probably add a couple of "allegedy"s in there. Just to be on the safe side......

Well the only thing with any question marks is the betting part, and I would be very surprised if its not true. In Sweden we have massive problems with match fixing below the highest league, and most of these ~100 match fixing allegations every year are traced back to suspicous activity on Asian betting markets.

Whatever the exact circumstances, I'm 100% convinced its not some "failed business move".
 




amexer

Well-known member
Aug 8, 2011
6,224
No, because its a criminal scam.

This is what happened:

IEC (HK company specialised in gambling) bought the club from Whelan in 2018. IEC is or was owned by Stanley Choi.

IEC then sold the club to NLF in June, by taking a loan from the selling company (IEC). These companies have the same owner: Stanley Choi.

Choi immediatly hands over control of NLF to some Chinese guy.

Meanwhile, a massive bet is made in the Philippines that Wigan will get relegated.

Chinese guy immediatly contacts administrators to take charge of the club, meaning they would get a 12 point deduction - which at the time almost certainly looked like it would mean relegation. Making the Philippinese giant bet
Stanley Choi will be making money through the loan he made from his own company to buy his own club. ~£30m loan with 8% interest. Anything the admins are able to sell will probably go to pay off this debt.

Chinese guy (and possible Choi) would presumably make money from the giant bet on Wigan's relegation.

If Wigan manages to stay up, I'm guessing it will be a very poor deal to at least the Chinese guy. Choi will probably still make his money from the money he borrowed to himself.

Glad I asked. That is a big statement
 


LlcoolJ

Mama said knock you out.
Oct 14, 2009
12,982
Sheffield
Well the only thing with any question marks is the betting part, and I would be very surprised if its not true. In Sweden we have massive problems with match fixing below the highest league, and most of these ~100 match fixing allegations every year are traced back to suspicous activity on Asian betting markets.

Whatever the exact circumstances, I'm 100% convinced its not some "failed business move".

I'm not saying that you're wrong, it absolutely stinks. But I don't think [MENTION=6886]Bozza[/MENTION] will be too pleased with direct accusations of criminality (with no caveat) on the forum.

El Pres alluded to knowing what's happened when they first went into admin, but said he could say no more at the moment........

It'll come out in the wash.

It's a bit like saying "Prince Andrew is a nonce". Better to say that "I think Prince Andrew is probably a nonce and so does everyone I know". :lolol:
 


Eeyore

Colonel Hee-Haw of Queen's Park
NSC Patron
Apr 5, 2014
23,619
Appeal today. I wish them well.

This is grossly unfair. It's not as if a profit or advantage was gained from this process. The players and supporters have been shafted.

Maybe just give them a fine based on ability to pay. I'm sure Manchester City would agree after their £500m fine for pissing around.

Oh...
 


Sheebo

Well-known member
Jul 13, 2003
29,297
Barnsley will be fuming if that happens but it’s 100% the right choice for the integrity of football. You cannot ‘buy’ a club, pass the fit and proper owners test then a week later put it into admin out the blue!
 






Eeyore

Colonel Hee-Haw of Queen's Park
NSC Patron
Apr 5, 2014
23,619
Barnsley will be fuming if that happens but it’s 100% the right choice for the integrity of football. You cannot ‘buy’ a club, pass the fit and proper owners test then a week later put it into admin out the blue!

Excepting that the only people who remain are the supporters, staff (if not sacked) and players.

Those who are totally innocent.

And those who determine the fit and proper process become the hangmen.
 


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