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Post by lostinspace on Mar 11, 2023 11:34:36 GMT
Wigan Athletic, currently bottom of the Championship and after declaring a loss of £7.7 million in it's last financial year,have informed the pfa of a delay in payment of this months wages,the club have declared a problem in " liquidity" but insist this is a temporary measure and the issue will be resolved soon, the club was taken over in 2021 following their financial collapse
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Post by lostinspace on Mar 20, 2023 20:37:11 GMT
As mentioned on another post, Wigan Athletic,,who were on a suspended points deduction notice for staff/ player payment delays in 2022 have been deducted 3 points for failure to play February wages on time, get the feeling they are on the slippery slope to basement and possibly beyond,Bury fans must be watching with vested interest following their own financial demise
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bluetornados
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Post by bluetornados on Mar 20, 2023 21:23:40 GMT
As Lostinspace said above - Wigan Athletic docked three points by EFL for failing to pay players..ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/0856/production/_129043120_5f469967-1017-4c81-89b8-afd3680f9750.jpgChampionship bottom side Wigan have been docked three points by the EFL for failing to pay player salaries in March, having previously been given a suspended penalty for a similar breach. The Latics were charged and sanctioned for failing to meet terms of contracts in June, July and October 2022. Now the suspended sanction has been triggered under the terms of the agreed decision made with the EFL in January. New charges have also been issued for failure to pay and non-compliance. Owner Abdulrahman Al-Jasmi will also be charged with misconduct and an independent disciplinary commission will deal with the case. Wigan were already bottom of the table and the immediate deduction of three points leaves them eight points behind fourth-from-bottom Cardiff and safety. The English Football League (EFL) had established commitments which Wigan and Al-Jasmi had to meet in order to avoid the issuing of a points deduction, under the terms of the agreed decision. In addition to payment of player salaries, another key term was the payment of 125% of forecasted player salaries into a designated club account, which has not occurred in this case. Wigan confirmed they would be late in paying wages earlier this month, blaming delays on "recent liquidity issues" but described the club's financial state as "robust". Boss Shaun Maloney called the delays a "body blow" to his staff in their bid to avoid relegation from the second tier this season having won the League One title last term.
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bluetornados
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Post by bluetornados on Mar 21, 2023 20:20:38 GMT
Wigan Athletic chairman responds to club’s three point deduction..
Wigan Athletic’s chairman Talal Al Hammad has responded after the Championship side were deducted three points for failing to pay its players. That deduction leaves the Latics bottom of the table with 31 points from 38 matches and now eight points away from safety.
The EFL charged Wigan with misconduct yesterday after they failed to meet previously agreed terms regardingpaying its staff. This was the fourth instance that the club’s current owners, Bahrain-based Phoenix 2021 Limited, has failed to pay the players on time since they were promoted to the second tier last year.
Seeking to reassure fans that the ownership group is committed to Wigan for the long-term Al Hammad took to Twitter.
“As the Chairman, I have the privilege of leading a club that has a rich history of overcoming hardships.” he wrote,
“The difficult times in our club’s history have tested our resilience and determination, but we have always risen above the challenges with the unwavering support of our fans.
“Let’s stand together and show the world what Wigan Athletic is made of. Thank you for your support through thick and thin.”
Latics manager Shaun Maloney and chief executive Mal Brannigan have spent the last few days in Bahrain having talks with Al Hammad and the owners.
Maloney’s main priority was seeking ‘clarity’ regarding the failure to pay the players’ wages on time and it is also believed that future plans for the club were discussed.
It remains to be seen whether Wigan’s fanbase will be more sympathetic towards the owners following Al Hammad’s statement but with answers still not forthcoming about why players are not being paid expect more uneasy days to come for the struggling Championship club.
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bluetornados
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Post by bluetornados on May 19, 2023 14:38:02 GMT
Wigan Athletic: Latics to be deducted four points for 2023-24 season..ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/8942/production/_129783153_gettyimages-1247252934.jpgWigan Athletic will be deducted four points for next season after failing to pay players' wages on time this month. The punishment follows previous breaches of English Football League rules, including other late payments. Wigan, who were relegated to League One this season, are also facing a further four-point deduction for next season, suspended until 30 June 2024. That will be triggered if owner Abdulrahman Al Jasmi fails to ensure wages are paid on time before then. Al Jasmi has been told the sanction will also be activated if he fails to deposit an amount covering 125% of the club's forecast monthly wage bill by next Wednesday, 24th May. Wigan's relegation from the Championship was not helped by them being docked three points by the EFL for failing to pay player salaries in March, having previously been given a suspended penalty for similar breaches in June, July and October last year. The EFL have now also deducted a further three points from this season's total, meaning Wigan have finished the season on 39 points, 10 points from safety. The suspended deduction was activated in March when the club was two weeks late in paying staff, and when Al Jasmi failed to meet the terms of an agreement with the league, which resulted in him being charged with misconduct and fined £10,000. The club was then 11 days late with their payment of the wage bill in May, making it five late payments in total. A Wigan statement said: "Wigan Athletic accepts the sanctions from the EFL and intend to fully comply with the conditions. "A detailed statement will be made public once owner, Mr Abdulrahman Al Jasmi adheres to the terms of the agreed decision and deposits an amount equal to 125% of the club's forecast monthly wage bill."
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bluetornados
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Post by bluetornados on Jun 4, 2023 22:13:03 GMT
Wigan Athletic: Club's owners say a deal has been agreed to sell the League One club..By Simon Stone, BBC Sport.ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/7A91/production/_129877313_gettyimages-1247253203-1.jpgWigan Athletic's ownership group says a deal has been agreed to sell the League One club to "a new buyer". The announcement comes on a dramatic day for Wigan, with two directors resigning amid growing concerns about the financial state of the club. Wigan will start 2023-24 on minus eight points after failures to pay wages. The new buyer has "committed to resolving all outstanding liabilities at the earliest opportunity", say the current owners. A statement said that any deal is "subject to EFL approval". Earlier on Sunday, directors Tom Markham and Oliver Gottmann resigned after funds "promised by the ownership group" that were due to be paid by 2 June had still not materialised. Their statement said "with no visibility of when funds will arrive", their position was untenable. This means of the initial board of directors put in place when the club exited administration in 2021, only chairman Talal Al Hammad remains. Manager Shaun Maloney, who is known to be hugely concerned about the situation, was given assurances over funding by Al Hammad and Wigan's ultimate owner Abdulrahman Al-Jasmi during face-to-face talks in Bahrain last month. With money owed to HMRC, there was a growing feeling a winding-up petition could be issued in a bid for find out whether the owners are willing to continue funding the club, with the emergence of a buyer at the last minute set to stave off that scenario. In 2020, Wigan were put into administration by owners who refused to invest any more money into a club that, like many in the English Football League, loses money. There were fears Wigan might go out of business again and on Friday, fans called for Wigan's current owners to sell the club. It looks like their wish may have been granted, with "further updates" on the sale process to "follow in due course".
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Post by warehamgas on Jun 6, 2023 11:43:31 GMT
www.bbc.co.uk/sport/football/65819539This ‘new owner’ looks as if it is the same 21-year old who put a bid in for Morecambe in February 2023. So far he not shown he’s got the finances to buy Morecambe to the satisfaction of the EFL despite being asked to. In other words, 4 months and little evidence he can buy Morecambe….yet he’s now looking at Wigan. I’d suggest he shouldn’t pass the fit and proper person test for a football club owner and if he does somehow manage to get Wigan we’ll probably be in this same position in two years time, or less. These prospective owners must think the EFL are either gullible, stupid or don’t give a damn. UTG!
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eppinggas
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Post by eppinggas on Jun 6, 2023 14:07:20 GMT
www.bbc.co.uk/sport/football/65819539This ‘new owner’ looks as if it is the same 21-year old who put a bid in for Morecambe in February 2023. So far he not shown he’s got the finances to buy Morecambe to the satisfaction of the EFL despite being asked to. In other words, 4 months and little evidence he can buy Morecambe….yet he’s now looking at Wigan. I’d suggest he shouldn’t pass the fit and proper person test for a football club owner and if he does somehow manage to get Wigan we’ll probably be in this same position in two years time, or less. These prospective owners must think the EFL are either gullible, stupid or don’t give a damn. UTG! I think you are right on all 3 counts. It could be the new EFL motto "Gullible, stupid and don't give a damn". |
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bluetornados
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Post by bluetornados on Jun 14, 2023 22:57:24 GMT
Wigan Athletic: Local businessman Mike Danson takes over at troubled club.ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/AF13/production/_130091844_gettyimages-1247252960-1.jpgWigan Athletic have been sold to local businessman Mike Danson. Danson, who owns a 25% stake in Super League club Wigan Warriors, has stepped in amid major financial issues affecting the League One club. The Latics were served a winding-up petition by His Majesty's Revenue and Customs earlier this week over unpaid tax bills. The club confirmed all players and staff will be paid "immediately along with other creditors". "I am delighted to become involved in Wigan Athletic Football Club. I was born in Wigan, I grew up locally and the community of the town is close to my heart," Danson told the club website. "I want to recognise that the club has a hugely important part to play in the local community, not just for players, but for fans, employees and all its suppliers, business partners and numerous community groups." Danson added the English Football League have been shown a "realistic financial plan to stabilise operations". A new board will be formed at the club but manager Shaun Maloney, who was unable to save the team from relegation last season after taking over in February, will be kept on as boss. Wigan are currently due to start next season on minus eight points as punishment for failing to pay their players on time on six separate occasions in 2022-23. They were also deducted three points last season, as they finished bottom of the Championship. Chairman Talal Al-Hammad had initially been in discussions with young entrepreneur Sarbjot Johal. But, as he had failed to pass the EFL's Owners and Directors' Test when he tried to buy Morecambe last season, the chance of an acceptable deal being reached was highly unlikely. Analysis - Avoiding second administration 'major positive' BBC Radio Manchester sports reporter Mike Minay This will be seen as positive news among the fanbase after relations with the previous owners had completely melted. Failing to pay the players and staff on time once is concerning, but six times over a season really sounded the alarm bells and has already cost them eight points into the next campaign. Danson, already involved with Wigan Warriors, gets what Wigan is as a community and the role the club can play. It's hard not to use the words of the previous chairman here, but actions will speak louder than words. Above all, avoiding administration is a major positive. Fans will have been fearing the worst after living it through it just three years ago. Now they can focus on the pitch, and backing manager Shaun Maloney.
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