Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 1:43 pm  

Spanish Bid fallen through!

Surely now is the time for another Leneghan bid, which appears the only realistic and sensible one left on the table?

Leneghan buys the stadium, use the fans money raised for the supporter's club to buy the football team. Wigan give latics a long lease.

Everyone's happy. Saves them from being liquidated, preserves their football league status, and ensures the ground isn't at risk.

Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 2:17 pm  

Pie-Ella off the menu at the DW it would seem.

Adios Amigos.

Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 2:18 pm  

Granted my figures are only based off a quick skim read of a few articles, but I've heard the figure of £3m being touted for everything. If IL can buy the stadium for £2m then Latics fans have already raised £900k. You'd think that would cover everything.

Time for the fat controller administrator to check his ego and accept IL's money (if he's still willing to buy it that is) & time for Latics fans to accept it's 'us' or failure.

Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 2:38 pm  

Doesnt the buyer have to prove they have funds for 2 years? Fans can't do that on 900k.

Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 2:44 pm  

sergeant pepper wrote:

Granted my figures are only based off a quick skim read of a few articles, but I've heard the figure of £3m being touted for everything. If IL can buy the stadium for £2m then Latics fans have already raised £900k. You'd think that would cover everything.

Time for the fat controller administrator to check his ego and accept IL's money (if he's still willing to buy it that is) & time for Latics fans to accept it's 'us' or failure.

IMO its the only realistic option now. And one which is hugely beneficial for both clubs. As a plus, if we could pull it off we would have avoided all the running costs of a stadium thats been unusable for a year due to covid, picking it up just as things start opening up again

Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 2:47 pm  

Egg Chasing wrote:

Doesnt the buyer have to prove they have funds for 2 years? Fans can't do that on 900k.

I think thats comes from the EFLs requirement to show they will be solvent for the next two seasons (this and next), which is why they wanted proof of 5m plus 3-4mil for the sale.

If leneghan took the stadium, their fans the club, surely whelan would be prepared to guarantee their losses up to that much to keep them going? Not even the price of an average footballer in the days he was loosing tens of millions a season on them! You'd think he'd do that as a parting gift.

If I were leneghan, id get onto Whelan, then approach the supporters club with the proposal. Its about all they have left which is viable tbh!

Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 2:48 pm  

It's time to put the rugby/football bitterness aside. The town need BOTH clubs, whoever finishes up owning them needs to respect the other and work together for the good of both.

Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 2:53 pm  

It would seem a few on social media would rather go bust than IL be involved with a buyout.

Unbelievable.

Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 3:03 pm  

They have a strange dribbling bunch of fans. One section in particular. The 40 somethings that hate Maurice Lindsay and bring their kids up to follow suit. Let them eat cake. If they want to go bust i hope Lenegan is listening to them. Hope they enjoy Frickley and big local derbies against Chorley and Bamber Bridge.

Re: Latics in administration - Lenagan leading bid : Tue Jan 05, 2021 3:06 pm  

Rogues Gallery wrote:

It's time to put the rugby/football bitterness aside. The town need BOTH clubs, whoever finishes up owning them needs to respect the other and work together for the good of both.

both clubs need each other you are right, I wouldnt want them to go belly up