I think Wigan have just taken it out on Hull......shame it wasn't boro
Love to see them stay up in spite of any points deduction
I think Wigan have just taken it out on Hull......shame it wasn't boro
Love to see them stay up in spite of any points deduction
Got to be likely now?
2 games to go. A 12 point deduction right now will dump them bottom 3
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?
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.
Love to see them stay up in spite of any points deduction
It's going to cost someone a fortune, and make someone a fortune. The (serious) question is, who?His months ownership is going to cost a fortune
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
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.
You should probably add a couple of "allegedy"s in there. Just to be on the safe side......
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.
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".
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!
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!