EPTTLDR about 3 weeks ago a bloke with murky background bought the club for 40-odd million pounds and on literally the same day put them into administration with no public explanation. There have already been a bunch of redundancies, most of their players up for sale and will likely receive a 12 point reduction which will put them into the relegation zone and very likely relegate them to league 1
2019 - 2020 Football Thread - Page 199
| Forum Index > Sports |
|
DropBear
Australia4371 Posts
TLDR about 3 weeks ago a bloke with murky background bought the club for 40-odd million pounds and on literally the same day put them into administration with no public explanation. There have already been a bunch of redundancies, most of their players up for sale and will likely receive a 12 point reduction which will put them into the relegation zone and very likely relegate them to league 1 | ||
|
WombaT
Northern Ireland25875 Posts
On July 14 2020 16:07 DropBear wrote: Idk if anyone here has seen what is happening with Wigan Athletic in the English Championship. TLDR about 3 weeks ago a bloke with murky background bought the club for 40-odd million pounds and on literally the same day put them into administration with no public explanation. There have already been a bunch of redundancies, most of their players up for sale and will likely receive a 12 point reduction which will put them into the relegation zone and very likely relegate them to league 1 It is rather sad, I’m not sure how one prevents these things with the current rules and regulations, as well as the general way football is run. These individuals obviously have the money otherwise they couldn’t have bought the club for the price they did. But once bought, what’s to stop them losing interest in the asset? The shady aspect seems to be around both the timing and who bought it from whom and why they did so. Also that so many clubs run on losses, especially in the Championship and wealthy benefactors seem more and more necessary just to keep going in that division. It is awful and with these sets of conditions I doubt Wigan will be the last to wind up over here. Hopefully something can be done to rein these trends in but I’m not holding my breath. | ||
|
sharkie
Austria18481 Posts
Klopp saying how it wasnt a good day for football regarding City's appeal and in the same hour Arteta saying city havent done anything wrong (which isnt even true lol, the verdict didnt say that). https://www.bbc.com/sport/live/football/53401111 One is class, the other eh | ||
|
{CC}StealthBlue
United States41117 Posts
| ||
|
Greg_J
China4409 Posts
| ||
|
DropBear
Australia4371 Posts
On July 14 2020 21:15 Wombat_NI wrote: + Show Spoiler + On July 14 2020 16:07 DropBear wrote: Idk if anyone here has seen what is happening with Wigan Athletic in the English Championship. TLDR about 3 weeks ago a bloke with murky background bought the club for 40-odd million pounds and on literally the same day put them into administration with no public explanation. There have already been a bunch of redundancies, most of their players up for sale and will likely receive a 12 point reduction which will put them into the relegation zone and very likely relegate them to league 1 It is rather sad, I’m not sure how one prevents these things with the current rules and regulations, as well as the general way football is run. These individuals obviously have the money otherwise they couldn’t have bought the club for the price they did. But once bought, what’s to stop them losing interest in the asset? The shady aspect seems to be around both the timing and who bought it from whom and why they did so. Also that so many clubs run on losses, especially in the Championship and wealthy benefactors seem more and more necessary just to keep going in that division. It is awful and with these sets of conditions I doubt Wigan will be the last to wind up over here. Hopefully something can be done to rein these trends in but I’m not holding my breath. The fact that so many teams run at a loss to me indicates that something is fundamentally wrong. Clubs shouldn't live or die on the whims of some old rich bloke. This and man city's result show It's time for a salary cap | ||
Pandemona
Charlie Sheens House51493 Posts
Also speaking of Wigan... ![[image loading]](https://i.gyazo.com/6cea175156f5b8cc4f432d73374941d3.png) THE FUCK!! Half time lol | ||
|
Pandemona
Charlie Sheens House51493 Posts
| ||
|
KobraKay
Portugal4231 Posts
How on earth are they running with debt? Are they all going kamikaze with signings to compete? | ||
|
WombaT
Northern Ireland25875 Posts
On July 15 2020 08:53 KobraKay wrote: Wait but arent champsionship teams showered with TV money? Not at PL level but still more than most countries top teams get. How on earth are they running with debt? Are they all going kamikaze with signings to compete? They basically all gamble the farm on promotion to the Premier League. Plus sides who get relegated on PL level wage bills. | ||
|
Greg_J
China4409 Posts
| ||
|
{CC}StealthBlue
United States41117 Posts
| ||
|
sharkie
Austria18481 Posts
 Thats the whole point of the articleSame with Liverpool wanting Thiago lol. So much fake news | ||
|
nayumi
Australia6499 Posts
he's gonna be UK PM one day https://uk.reuters.com/article/uk-soccer-england-mun-rashford/rashford-to-receive-university-of-manchester-honorary-doctorate-idUKKCN24G0U9 | ||
|
smr
Germany4808 Posts
| ||
|
Jockmcplop
United Kingdom9707 Posts
On July 15 2020 11:20 Greg_J wrote: Almost every club in the Championship was running in debt taking that gamble to try and make it to the big Premier League money and that was before Covid shut their gates. The Championship is the place financial fair play is kind of needed to stop the madness. But I guess that's the end of that. The Championship already has FFP. The problem is the advantage that parachute payments give relegated teams. That extra £30-40 million is creating the conditions that cause teams to spend to try and compete with those teams. | ||
|
sharkie
Austria18481 Posts
On July 15 2020 19:25 smr wrote: Dortmund and Schürrle part ways. He's a good guy but a horrible player. Hope he finds a good place to be. (Schürrle + Götze = money buuuuuuuuuurned) one of the most overhyped players of his generation. I wrote that back in his Mainz days when half the world wanted Holtby/Schürrle - pretty sure they got more hype than Thomas Müller back in the days and he is twice the player they are | ||
|
smr
Germany4808 Posts
On July 15 2020 21:07 sharkie wrote: one of the most overhyped players of his generation. I wrote that back in his Mainz days when half the world wanted Holtby/Schürrle - pretty sure they got more hype than Thomas Müller back in the days and he is twice the player they are Only twice? ... now you're flattering Schürrle and Holtby :D I like it. Same amount of games with less pauses in between while clubs will need to reduce their wage roll and more subs = more time for talents. Atleast that's what I hope. | ||
|
Greg_J
China4409 Posts
Someone else was talking about FFP in the Championship and that requires me to be far more sober than I am now to discuss. Yes it should apply to clubs right now in the Championship but clubs are definitely deficit spending in the Championship and why this is allowed I would not only have to be more sober but do some research to find out. Edit: 1 google search on the matter reveals The Mail's headline 'Championship clubs made combined operating loss of more than £510m last year as staggering cost of Premier League dream is revealed.' This is a well known about problem and why FFP doesn't get involved more is less well known at least to me. The losses in The Championship lower leagues and basically all the football world if not all sport must be unbelievable right now. Clubs actually guilty of breaking FFP might get off free because the Covid virus is causing a worldwide catastrophe in sporting income right now. | ||
|
KobraKay
Portugal4231 Posts
On July 15 2020 08:57 Wombat_NI wrote: They basically all gamble the farm on promotion to the Premier League. Plus sides who get relegated on PL level wage bills. On July 15 2020 11:20 Greg_J wrote: Almost every club in the Championship was running in debt taking that gamble to try and make it to the big Premier League money and that was before Covid shut their gates. The Championship is the place financial fair play is kind of needed to stop the madness. But I guess that's the end of that. Ok so it is the kamikaze issue...yikes thats rough. | ||
| ||
