Wigan takeover collapses
- Thread starter cumbrianmackem
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Sole Bidder Felipe Moreno reduced his bid by 50% over the weekend making it untenable to the administrstors.
They would have had a 15 point reduction of they progressed it apparently.
They would have had a 15 point reduction of they progressed it apparently.
serves the twats right they new Grigg was crocked and played Donald like a trout 4 mill god help us
https://www.bbc.co.uk/sport/football/55547220?at_custom4=5EC014B2-4F4C-11EB-8AF0-598E0EDC252D&at_campaign=64&at_custom1=[post type]&at_medium=custom7&at_custom2=facebook_page&at_custom3=Match of the Day
The prospective takeover of Wigan Athletic by Leganes owner Felipe Moreno has fallen through.
The club's administrators announced they had ended negotiations with the bidder on Tuesday morning.
They said in a statement the bid had been reduced by almost 50% over the weekend and proceeding with it would have resulted in a 15-point deduction for the League One club.
Wigan are currently 22nd in the table, two points adrift of safety.
Moreno had initially been part of a Spanish consortium looking to buy the club before the English Football League rejected their application at the start of December because one of the group was subject to a disqualifying condition.
Moreno subsequently became the sole bidder and it had been hoped the deal would be completed at some point between Christmas and 1 January.
The Latics have been in administration since July 2020.
The prospective takeover of Wigan Athletic by Leganes owner Felipe Moreno has fallen through.
The club's administrators announced they had ended negotiations with the bidder on Tuesday morning.
They said in a statement the bid had been reduced by almost 50% over the weekend and proceeding with it would have resulted in a 15-point deduction for the League One club.
Wigan are currently 22nd in the table, two points adrift of safety.
Moreno had initially been part of a Spanish consortium looking to buy the club before the English Football League rejected their application at the start of December because one of the group was subject to a disqualifying condition.
Moreno subsequently became the sole bidder and it had been hoped the deal would be completed at some point between Christmas and 1 January.
The Latics have been in administration since July 2020.
We've had the luckiest escape you could imagine ...
... I've no idea why some people are trying to pull it to pieces
i will add it to his list of charges and allegations made against him,I think it was Boris’s fault
He was told by the UKs Chief medical officer on Sunday to go into lock down on Monday but I don’t know why he doesn’t use the Boris bashers UK chief medical officer instead to save himself getting flack.
If Wigan go into administration, what happens to any Grigg money if we still owe any? Is that still owed to the re-formed club, or are all the old agreements wiped by the administration process?
yea he is a twat, read this morning Britain has done more inoculations than the whole of the EU Germany has only decided to buy the vaccine today and only the cheapest one, the twat isn't trying hard enough,
Thanks. So even if they completely liquidated we'd still have to pay the administrator per terms of the contract?
i wasn't there to confirm it, but the word on the street they also sold the Arabs a load of sand....
