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Post by sword65 on Jul 1, 2020 16:50:46 GMT
Wigan Athletic 14th in the championship and bang in form have gone into receivership with Covid 19 postponements taking a fair proportion of the blame. Unless they find a buyer soon they will be the next club to wave bye bye. I sincerely hope not. I don't believe covid-19 is the issues here, their average attendance is around 10k a decent size of this will be season ticket holders so the amount of income they have lost due to covid-19 is not huge, season ticket money is already on their books. The problem is the overspending on player salaries it's another example of a team spending beyond their means, they got good crowds in their premier hey days but Wigan is a rugby town and the football team just won't get the crowds unless they are in the top flight. I keep seeing all this f the efl, but let's be honest how many times have owners be chastised for not spending money by fans when the fans want to get promoted etc, fans are as much to blame for the state of football as the owners who overspend to appease the fans. I based my post on the article from the three administrators who put Covid 19 as the main reason for their troubles but I feel that you maybe nearer the mark.
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Post by sword65 on Jul 5, 2020 23:53:04 GMT
Oswestry town of the North west Counties league have folded,citing Coronavirus and the decision to null and void the league robbing them of promotion. The loss of income was fatal😥
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Post by daveu on Jul 6, 2020 6:02:26 GMT
Oswestry town of the North west Counties league have folded,citing Coronavirus and the decision to null and void the league robbing them of promotion. The loss of income was fatal😥 Can't help thinking if the loss of promotion was a factor, they were already living beyond their means.
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Post by sword65 on Jul 6, 2020 9:07:37 GMT
Oswestry town of the North west Counties league have folded,citing Coronavirus and the decision to null and void the league robbing them of promotion. The loss of income was fatal😥 Can't help thinking if the loss of promotion was a factor, they were already living beyond their means. Alas you are right but had the season not ended abruptly the extra gate money would probably have kept them afloat. I suppose groundsharing rent may also have been a factor.
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Post by pedant on Jul 6, 2020 9:51:05 GMT
Can't help thinking if the loss of promotion was a factor, they were already living beyond their means. Alas you are right but had the season not ended abruptly the extra gate money would probably have kept them afloat. I suppose groundsharing rent may also have been a factor. Looking at their fixture list they had just four home matches left - one local cup semi-final and 3 league games. Doubt the income would have been very much, but, 'every little helps'.
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Post by jdh80 on Jul 6, 2020 20:50:01 GMT
Alas you are right but had the season not ended abruptly the extra gate money would probably have kept them afloat. I suppose groundsharing rent may also have been a factor. Looking at their fixture list they had just four home matches left - one local cup semi-final and 3 league games. Doubt the income would have been very much, but, 'every little helps'. But similar to Wigan the three league games probably didn't have much income as St holders would already have paid there money. Plus when budgeting at the start of the season you can't plan for getting to semi finals of cups, these need to be classed as bonus extra income. Any team budgeting based on the income generated by a cup run are crazy as it's not a guarantee as who knows if you get knocked out in the first round away, you ain't getting much else. Sword mentioned rent for ground sharing so it's possible that even if they had played those games that the money taken in the bar etc may not have even gone to them, turnstiles yes but sometimes the food/beverage is not included on what the renting team get although they maybe charged with the staffs time aa part of the ground rent.
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Post by sword65 on Jul 6, 2020 22:24:32 GMT
Wigan Athletic the story unfolds. I cant believe this but this is the story doing the rounds. A business man put a massive bet on Wigan to go down and in all fairness a pretty good bet . Wigan had other ideas and started getting results meaning said businesman started to panic and so he stumped up £27million pound to buy the club then put them straight into administration therefore getting penalised 12 points plunging them back into the relegation zone. You just couldnt make it up.
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Post by jdl on Jul 6, 2020 23:17:48 GMT
Wigan Athletic the story unfolds. I cant believe this but this is the story doing the rounds. A business man put a massive bet on Wigan to go down and in all fairness a pretty good bet . Wigan had other ideas and started getting results meaning said businesman started to panic and so he stumped up £27million pound to buy the club then put them straight into administration therefore getting penalised 12 points plunging them back into the relegation zone. You just couldnt make it up. However, somebody obviously has...
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Post by Sennockian69 on Jul 6, 2020 23:23:57 GMT
Wigan Athletic the story unfolds. I cant believe this but this is the story doing the rounds. A business man put a massive bet on Wigan to go down and in all fairness a pretty good bet . Wigan had other ideas and started getting results meaning said businesman started to panic and so he stumped up £27million pound to buy the club then put them straight into administration therefore getting penalised 12 points plunging them back into the relegation zone. You just couldnt make it up. Who knows the Hong Kong / Macau betting market? Please do tell.
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Post by hongkongstone on Jul 7, 2020 2:02:28 GMT
Hong Kong gambling is just a stupidity tax. The odds are massively weighted in favour of the house. Low wage earners don't pay tax but the biggest charity donor in Hong Kong is the Hong Kong Jockey Club which has a monopoly on (legal) gambling and so that is how their hard earnt money reaches the needy.
Otherwise the story sounds a little bit contrived. However I would strongly believe that the same group of persons (Stanley Choi et al) changed the ownership for personal gain whilst putting the business into administration to write off debts. Happens a lot here I'm afraid (you might find that the new owners are related to his mother's maiden aunt...). Immoral but technically legal.
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Post by Tstone on Jul 7, 2020 6:19:39 GMT
Hong Kong gambling is just a stupidity tax. The odds are massively weighted in favour of the house. Low wage earners don't pay tax but the biggest charity donor in Hong Kong is the Hong Kong Jockey Club which has a monopoly on (legal) gambling and so that is how their hard earnt money reaches the needy. Otherwise the story sounds a little bit contrived. However I would strongly believe that the same group of persons (Stanley Choi et al) changed the ownership for personal gain whilst putting the business into administration to write off debts. Happens a lot here I'm afraid (you might find that the new owners are related to his mother's maiden aunt...). Immoral but technically legal. Just needs the Chinese authorities to get a grip☺
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Post by Sennockian69 on Jul 7, 2020 12:49:12 GMT
If they aren't members of the party they will be sent away for a long time.
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Post by jdl on Jul 7, 2020 20:05:42 GMT
Hong Kong gambling is just a stupidity tax. The odds are massively weighted in favour of the house. Low wage earners don't pay tax but the biggest charity donor in Hong Kong is the Hong Kong Jockey Club which has a monopoly on (legal) gambling and so that is how their hard earnt money reaches the needy. Otherwise the story sounds a little bit contrived. However I would strongly believe that the same group of persons (Stanley Choi et al) changed the ownership for personal gain whilst putting the business into administration to write off debts. Happens a lot here I'm afraid (you might find that the new owners are related to his mother's maiden aunt...). Immoral but technically legal. I think Trump has 'written' a book about it...
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Post by hongkongstone on Jul 8, 2020 1:44:35 GMT
Hong Kong gambling is just a stupidity tax. The odds are massively weighted in favour of the house. Low wage earners don't pay tax but the biggest charity donor in Hong Kong is the Hong Kong Jockey Club which has a monopoly on (legal) gambling and so that is how their hard earnt money reaches the needy. Otherwise the story sounds a little bit contrived. However I would strongly believe that the same group of persons (Stanley Choi et al) changed the ownership for personal gain whilst putting the business into administration to write off debts. Happens a lot here I'm afraid (you might find that the new owners are related to his mother's maiden aunt...). Immoral but technically legal. Just needs the Chinese authorities to get a grip☺ I couldn't possibly comment for a genuine fear of reprisal. The newly appointed mainland security forces do not need a warrant for that early morning 'knock on the door' and invitaion for a frank discussion.
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Post by jdl on Jul 24, 2020 19:01:39 GMT
Parliamentary committee thinks "10-15" EFL clubs could go to the wall without normal income - "This has been broken for years but the fact EFL clubs [now] cannot get people through their turnstiles means some of them are effectively facing extinction." www.skysports.com/football/news/11750/12034083/dcms-report-up-to-15-professional-football-clubs-in-danger-of-going-bustNo chance of any goverment payout because of the millions pouring in to the PL - football has to sort it out itself by spreading the money more evenly (the report says). Any chance of this happening? I suspect not, not in any meaningful way, anyway. More Burys to come unless the lower leagues really get their financial acts together. But, even if they do, that will then create a situation where the finacial gulf between PL/Championship and the rest effectively means no real chance of lower league clubs ever getting anywere. Goodbye the Pyramid and hello a two diviosn PL - and then the rest of football fighting over the scraps...
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