Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 9:40 am  

Ruddy Duck wrote:

#


Please explain who and what are the company IEC, as in the twenty years or so since the Stadium was built,I have never heard of this company and neither do I suspect have the majority of Warriors supporters and indeed the general public in Wigan.

You won't have heard of them 20 years ago

IEC are the company that bought the Stadium & Wigan Athletic from Whelan 2 years ago

They ran them both as separate businesses
They then sold them to errrrrrrr Themselves (Tongue in cheek but that's a different story)

As it stood both businesses were separate
What the new buyers of BOTH Companies do i.e. keep them separate or merge them together is up to them

Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 11:44 am  

Probably be better not answering any more Jukesays - he clearly doesn't understand the concept of one individual owning more than one business.

I guess he doesn't watch "the apprentice" or "dragons den".

Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 2:00 pm  

Jukesays wrote:

:FRUSRATED:

You won't have heard of them 20 years ago

IEC are the company that bought the Stadium & Wigan Athletic from Whelan 2 years ago

They ran them both as separate businesses
They then sold them to errrrrrrr Themselves (Tongue in cheek but that's a different story)

As it stood both businesses were separate
What the new buyers of BOTH Companies do i.e. keep them separate or merge them together is up to them

Exactly. IEC are the same Hong Kong company who bought Wigan Athletic, the purchase of which included the Stadium which had been transferred from being a separate company of Whelco Holdings to the ownership of Wigan Athletic as proved by the fact that there is no entry of any Stadium company registered at Companies House, only the Wigan Athletic company.

The Lenagan consortium was only interested in buying the Stadium, but the administrators were only prepared to sell the Stadium as part of the ownership of Wigan Athletic which it has been since Whelan decided to sell the Latics.

Remember, it was Wigan Athletic who went into administration with no mention by the administrators of any separate sale of the Stadium as it has been owned by Wigan Athletic from the time when Whelan decided to sell the Latics as he knew that any potential buyers would only be interested in buying a football club who had ownership of the Stadium in which they played.

Therefore, the fifty year rental lease by Wigan Warriors for use of the facilities is now with whoever owns Wigan Athletic and the Stadium unless the new or future owners of Wigan Athletic decides to sell the Stadium off to another company, either to offset debts or just to make a profit for themselves.

It is now not a good situation for Wigan Warriors to be in, now that Whelan is no longer owner of the Stadium as recent events as shown.

Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 2:03 pm  

he may be right andy, unless both companies were under administration as the groundsman and stewards were laid off, they should have been retained if the stadium company was still trading and not in administration, I dunno

[Wigan6/Leeds1 Andy]

Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 2:37 pm  

Ruddy Duck wrote: Exactly. IEC are the same Hong Kong company who bought Wigan Athletic, the purchase of which included the Stadium which had been transferred from being a separate company of Whelco Holdings to the ownership of Wigan Athletic as proved by the fact that there is no entry of any Stadium company registered at Companies House, only the Wigan Athletic company. Hmmmmmm - https://find-and-update.company-information.service.gov.uk/company/07283993 WIGAN ATHLETIC HOLDINGS LIMITED Company number 07283993 Company status In Administration Nature of business (SIC) 93110 - Operation of sports facilities Which is separate from - https://find-and-update.company-information.service.gov.uk/company/00270043 ]WIGAN ATHLETIC A.F.C. LIMITED Company number 00270043 Company status In Administration Nature of business (SIC) 93120 - Activities of sport clubs

Ruddy Duck wrote: Exactly. IEC are the same Hong Kong company who bought Wigan Athletic, the purchase of which included the Stadium which had been transferred from being a separate company of Whelco Holdings to the ownership of Wigan Athletic as proved by the fact that there is no entry of any Stadium company registered at Companies House, only the Wigan Athletic company. Hmmmmmm - https://find-and-update.company-information.service.gov.uk/company/07283993 WIGAN ATHLETIC HOLDINGS LIMITED Company number 07283993 Company status In Administration Nature of business (SIC) 93110 - Operation of sports facilities Which is separate from - https://find-and-update.company-information.service.gov.uk/company/00270043 ]WIGAN ATHLETIC A.F.C. LIMITED Company number 00270043 Company status In Administration Nature of business (SIC) 93120 - Activities of sport clubs

Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 3:04 pm  

Pieman wrote:

he may be right andy, unless both companies were under administration as the groundsman and stewards were laid off, they should have been retained if the stadium company was still trading and not in administration, I dunno

I refer the honourable gentleman to Wigan/Leeds Andy's Reply earlier

Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 3:05 pm  

Ruddy Duck wrote:

Exactly. IEC are the same Hong Kong company who bought Wigan Athletic, the purchase of which included the Stadium which had been transferred from being a separate company of Whelco Holdings to the ownership of Wigan Athletic as proved by the fact that there is no entry of any Stadium company registered at Companies House, only the Wigan Athletic company.

The Lenagan consortium was only interested in buying the Stadium, but the administrators were only prepared to sell the Stadium as part of the ownership of Wigan Athletic which it has been since Whelan decided to sell the Latics.

Remember, it was Wigan Athletic who went into administration with no mention by the administrators of any separate sale of the Stadium as it has been owned by Wigan Athletic from the time when Whelan decided to sell the Latics as he knew that any potential buyers would only be interested in buying a football club who had ownership of the Stadium in which they played.

Therefore, the fifty year rental lease by Wigan Warriors for use of the facilities is now with whoever owns Wigan Athletic and the Stadium unless the new or future owners of Wigan Athletic decides to sell the Stadium off to another company, either to offset debts or just to make a profit for themselves.

It is now not a good situation for Wigan Warriors to be in, now that Whelan is no longer owner of the Stadium as recent events as shown.

Wrong

Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 3:25 pm  

Jukesays wrote:

I refer the honourable gentleman to Wigan/Leeds Andy's Reply earlier

so they put both companies in admin, strange that as we wanted to buy 1 I imagine and not the other but never came off

[Wigan6/Leeds1 Andy]

Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 3:52 pm  

Pieman wrote: so they put both companies in admin, strange that as we wanted to buy 1 I imagine and not the other but never came off There's actually five companies in administration, three of which relate to Whelan's ownership of the club, stadium and other facilities (the two I mention above and this https://find-and-update.company-information.service.gov.uk/company/03477413 which is another operation of sports facilities). The other two were set-up by the previous owner(s) relating to various other activities - one might be the chippy.

Pieman wrote: so they put both companies in admin, strange that as we wanted to buy 1 I imagine and not the other but never came off There's actually five companies in administration, three of which relate to Whelan's ownership of the club, stadium and other facilities (the two I mention above and this https://find-and-update.company-information.service.gov.uk/company/03477413 which is another operation of sports facilities). The other two were set-up by the previous owner(s) relating to various other activities - one might be the chippy.

Re: Latics in administration - Lenagan leading bid : Wed Oct 14, 2020 3:52 pm  

Wigan6/Leeds1 Andy wrote: There's actually five companies in administration, three of which relate to Whelan's ownership of the club, stadium and other facilities (the two I mention above and this https://find-and-update.company-information.service.gov.uk/company/03477413 which is another operation of sports facilities). The other two were set-up by the previous owner(s) relating to various other activities - one might be the chippy. wow thats a proper mess

Wigan6/Leeds1 Andy wrote: There's actually five companies in administration, three of which relate to Whelan's ownership of the club, stadium and other facilities (the two I mention above and this https://find-and-update.company-information.service.gov.uk/company/03477413 which is another operation of sports facilities). The other two were set-up by the previous owner(s) relating to various other activities - one might be the chippy. wow thats a proper mess