well they might just as well scrap the thing if they cannot or will not inforce the test. who runs the test, the UK boarder force.
Bits & Bobs
- Thread starter mab
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well they might just as well scrap the thing if they cannot or will not inforce the test. who runs the test, the UK boarder force.
The same bloke seems to have owned both companies but passed control of the new one over to somebody else pretty much immediately after the deal had gone through. This apparently triggered repayments on what had been an interest free loan of £37000 a week. Also the sale price was £17.5m plus a repayment of money put into the club of £24m. Who would effectively throw that sort of money away after a week? There is some very murky financial stuff going on here.
The easy answer is that a club is not allowed to play games without an owner who has passed the test in advance That way potential new owners would have to put themselves forward at the start of the process and not after it has completed.
Although i doubt i would have helped in this case as its looking more and more likely that this was some sort of financial setup.
A quick to implement solution would be that a new owner has to personally buy a license from the FL for say £5 million which they then in effect lend him the money to do. If alls well when he comes to sell the club and he's paid off his loan they give him his money back if he hasn't made the payments he in effect owes a debt to the FL of money they never actually laid out in the first place, a debt which they could then sell on giving them a profit on the deal.
The beauty of this is how many of these shysters would actually pass the credit checks to borrow 5 million at which point the bells would surely start ringing you would think.
funny thing is these types of situations never seem to have come up years ago even though not all owners were good or wealthy ones either. its the ever increasing foriegn ownership of clubs that seem to have kicked things off. just cannot see why anyone from thousands of miles away can have an interest in clubs with household names like wigan, morecambe etc. if there is nothing in it for them in the first place.
The interest is the lucrative TV deals or maybe a money laundering scheme for whatever murky business they operate, football is tainted.
just been looking at a still photo of Coyle's tackle that got him the red card and it looks pretty horrific, goodness knows what it looked like to see it live, so good luck to Wycombe and hope they repeat the victory in the return and show Barton that dirty play doesn't always come out on top.
They do they employed him imho.C’mon Cashy, no club deserves Barton
should call em the name they use about them nowadays, joey bartons fleetwood.
C’mon Cashy, no club deserves Barton
In this case I reckon they deserve each other
if that is the case then the future for wigan fans might get even bleaker. the owners of wigan rugby league will have their interests first and foremost in RL and at best football could end up a minor interest and finance from them. certainly did not help stockport county with joint ownership with sale sharks.
See Bolton are sticking 2 fingers up at the EFL and everyone else after near ruin creditors including local to them unpaid are about to splash the cash again Doyle signing Thursday apparently, both Mansfield, Salford and Swindon out bid, rumours they are after Lonerghan it's a joke looks like locally only us and Rochdale show any budget responsibility probably why we both hovered near the bottom.
Why are yoy remotely surprised at this ?
There are clubs who are prepared to gamble this season knowing they can acquire "assets" a little cheaper this year and in Bolton's case with a clean bill of health.
My money was laid on them some time ago to bounce straight back.
And it does beg the question if interested now, why not before ???
Not surprised at all just sick of the system not just in football that allows people to go bankrupt not paying people and starting again,I know these are new owners but my point was you would think with no idea on when crowds back, no start date , possible salary caps they would show some restraint but no the hunt for success in football often shoves common sense out the window.