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"Wigan Athletic Football Club has gone into administration after being hit hard by the coronavirus shutdown, it’s been announced today.

Administrators from Begbies Traynor made the announcement about the Championship club on Wednesday afternoon, and are now seeking out interested parties in a bid to rescue the North West club."

https://www.business-live.co.uk/economic-development/wigan-athletic-falls-administration-after-18520620

 

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One of administrators was on Sky News, saying that he thought that the club was better off as a result of Covid! 

Have been getting the rent on the stadium paid and employees have been furloughed. 

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Something strange going on at that club , like a few others .....only changed owners in May .......

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Whelan sold the club to Hong Kong-based International Entertainment Corporation in November 2018 and there was a further change of ownership in May when Next Leader Fund took control.

"The funding that was due to come in from the owners didn't come in. I've had no contact with the owners and I don't know why the funding didn't come in. It might be coronavirus-related, I just don't know."

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20 hours ago, Scouser2 said:

Something strange going on at that club , like a few others .....only changed owners in May .......

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Whelan sold the club to Hong Kong-based International Entertainment Corporation in November 2018 and there was a further change of ownership in May when Next Leader Fund took control.

"The funding that was due to come in from the owners didn't come in. I've had no contact with the owners and I don't know why the funding didn't come in. It might be coronavirus-related, I just don't know."

Sounds like SevCo except perhaps without the security blanket provided by SPFL, SFA and the other ‘authorities’ in Scotland. 

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In 2018 Dave Whelan sold Wigan Athletic to Hong Kong based International Entertainment Corporation (IEC) who specialise in gambling. Owned by professional poker player Stanley Choi of Hong Kong.

June 2020. The club officially changed hands to Next Leader Fund (NLF) based in the Cayman Islands and only set up in January 2020. Majority share in NLF? You guessed it, Stanley Choi. How did NLF afford the takeover? A loan.

Eb_sUSAXgAAveJk.jpg

 

IEC loaned NLF £28million with an interest rate of 8% rising to 20% if not paid back in 12 months. That’s £100,000 a week in payments which Wigan would not be able to afford. Sounds dodgy as hell right? Well the EFL didn’t seem to think swiftly approving the terms of sale.

Eb_sUzoWkAAVNTQ.jpg Eb_sUzpX0AEivBO.jpg 

 

On 24th June, NLF switched hands to a new majority stakeholder, Au Yeung Wai Kay. A week later, Chinese lawyers contacted administrators to instruct them to seize control of the club. The administrators themselves can’t even contact the owners, who have clearly ‘done a runner’.

Has Au Yeung Wai Kay always dreamed of owning a football club in Lancashire? Doubt it. He paid £17million for the club + £28million in loan repayments. That’s £45million pounds to own a club for 7 days and then place it into admin. Why would anybody do that?

Well, here’s why... This is a video of the head of the English Football League, Richard Parry, stating he’s heard a rumour that there was a big bet placed on Wigan’s relegation in the Philippines. Remember the past owner was a professional gambler who owned a string of casinos?

This video has since been confirmed as Rick Parry by the EFL.

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I wonder which Philippine-based gambling company could have been used? Well look no further than the front of Wigan’s shirts. KB88 bet. Director of KB88, Tat Man Cheung, left the company prior to take over then was reinstated 12 days before Wigan was placed into administration

KB88 brought into the club by the past owner and Darren Royle (Current Wigan Chairman). Royle used to work for KB88 Bet. He was also responsible for recommending IEC to Wigan Athletic when Whelan was looking to sell.

Royle, since the administration news, has deleted his LinkedIn account. A coincidence or to cover up communications?

Eb_sbYQXgAA08CP.jpg 

 

So why would somebody place a club into admin 7 days after owning them and only 6 games before the end of the season? -12 points is the sanction from the EFL, dragging Wigan back into the relegation places. Nobody would want that surely?

Unless maybe you (or a close ally) gambled on the club going down and panicked as they started to pick up points and climb away. Does Au Yeung Wai Kay even exist? Or is he a fictional front man to keep Choi out of trouble?

Let me now take you back to August 2019, witnesses in the stand saw somebody get thrown out of the stadium for being wired up and illegally betting. Where in the world was he wired up to? Hong Kong. There’s a history of betting scams. 

Eb_scEoXkAAKOxI.jpg    

“It’s a well run club and the oddest situation I’ve ever seen” was the verdict of administrator Gerald Krasner. Wigan have always been a well run club, loss making, but controlled. We rely on funding from owners and have only spent money we either had or believed was incoming

Eb_schYXQAExdUW.jpg     

This money was quickly pulled from under the club’s feet by a transaction that was sanctioned by the EFL only weeks prior. The same EFL that then issued a -12 point penalty, punishing the club but potentially rewarding the owners and their carefully constructed plan.

This is an international scandal that requires investigation at the highest level. Facilitated willingly by the EFL who proceeded to punish innocent people based on their own failings. We may be too far down the line to save Wigan but this CANNOT be allowed to happen to others.

How can you help? Anything you buy from the club shop goes directly to the club which will help with ongoing costs. Or, you can purchase a cardboard cut out for our remaining home games which proceeds will go to the club, let’s fill it with shirts from all clubs far and wide!!
 

Wigan Athletic FC - Be part of the action when the Sky Bet Championship returns and have your face on a Fans From Home cut out inside the DW Stadium.Be part of the action when the Sky Bet Championship returns and have your face on a Fans From Home cut out inside the DW Stadium.https://wiganathletic.com/news/2020/june/Take-a-Seat-at-the-DW-Stadium-with-a-Fans-From-Home-Cut-Out/

Finally, a massive thanks to @sammorsy08 Paul Cook and the rest of the lads. You are all heroes as I hear despite looking at 20% pay you’re all on the bus to Brentford.

Please share this thread, this is potentially the greatest football scandal of all time!

@mentions#WAFC @henrywinter @david_conn @JimWhite @Sjopinion10 @WiganCouncil @PWUPodcast @WeahsCousin

Update: @reluctantnicko

Eb_-8EhWkAA7Qge.jpg      

 

I must state, there’s no actual evidence for a bet placed with KB88. Not yet anyway.

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Just discovered yesterday my local non-league club is still due a six-figure installment from a sell-on clause (Jamal Lowe from Portsmouth to Wigan).

These events have trickle-down impact.

 

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1 hour ago, skygod said:

Just discovered yesterday my local non-league club is still due a six-figure installment from a sell-on clause (Jamal Lowe from Portsmouth to Wigan).

These events have trickle-down impact.

 

When Rangers went under and had many many millions of debt just "written off", they got massive amounts from the fans and big investors to re-build but the financial failure took out multiple local businesses including, I believe, a local taxi firm and pizza delivery place.

Edited by gdevoy
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2 hours ago, gdevoy said:

When Rangers went under and had many many millions of debt just "written off", they got massive amounts from the fans and big investors to re-build but the financial failure took out multiple local businesses including, I believe, a local taxi firm and pizza delivery place.

How dare you? They arra peepul. Little guys need to be shafted when you are avoiding Armageddon 

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I read the thread posted above on twitter yesterday. It was laughable the amount of orcs who had commented in solidarity with Wigan as they too were shafted by criminals. A completely different recollection of events to the rest of us.

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9 hours ago, piffer said:

I read the thread posted above on twitter yesterday. It was laughable the amount of orcs who had commented in solidarity with Wigan as they too were shafted by criminals. A completely different recollection of events to the rest of us.

But I bet none of them mentioned Murray or King?? 

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Bought a cardboard cutout and sent a picture of the York9 mascot (Canadian Premier League team).

Managed to get a picture of it from Wigan's facebook, posted it on Twitter, tagged the club. Their response was to share it, tag me and offer to send me some 'swag' as a thank you.

Fan interaction over here is something else

 

 

 

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Edited by bute-killiefan
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