- This topic has 121 replies, 31 voices, and was last updated 1 year ago by
.
-
Posts
-
When is the next fans forum?
There was an online one via Zoom last week, I will keep you updated as to when the next one is.
FA Cup Winners 2013, sounds good that
Lots of questions about the Supporters Club becoming a limited company.
For clarification, it is just part one of the process that is necessary to become a Trust, and is being overseen by the FSA due to their vast experience in enabling supporters have say in their Football Clubs.
The Supporters Club will function and remain the same from the outside, but behind the scenes the move to become a Community Benefit Society allows WASC a recognised status.
This means they can buy into the football club where previously they would not have been able to, without the CBS status.
FA Cup Winners 2013, sounds good that
I see there are comments pertaining to the Supporters Club being played by the Administrators and in particular Gerald Krasner.
I can assure you that the Exec Committee of WASC are liaising not only with the administrators, but also the bidders. We all have to realise that we are not in control of this process, so all the WASC can do is be part of the proceedings so as to help the admins where they can, but also to challenge them when needed.
Due to legalities there isn’t much they can share right now, but as per the guidance from the FSA and colleagues that have been through this process before us, they are acting in a good and proper manner to stop us going out of business.
I won’t comment on Mr Krasner’s behaviour, that fallout can be debated after the Administrators are a distant bad memory.
FA Cup Winners 2013, sounds good that
1. Of all these bidders who appear to be popping out of the woodwork (as per the Alan Myers tweet, but also referenced previously by Gerald Krasner), how many of them have you met with?
2. Of those you’ve met with, do you have a preference as to a potential buyer?
3. Have any bidders/interested parties refused to meet with you?
4. Do you have any information on whether any of the supposed bids (from the Americans or the Saudis) have received a reaction or response from the Administrators? (I get that you probably can’t say too much on this one, even if you know).
5. Regardless of the success of any of these bids, is there anything else you can say on the “Plan B” option of the SC – together with the council and other possible backers – making sure the football club doesn’t go under?
1. From the information I have, the Supporters club Exec Committee (and just to clarify, I am not this exec committee, but I do speak to them, admin and others at the club), they have met or have spoken to a couple of the serious bidders.
2. The Supporters Club wouldn’t be able to publically say which bids would be a preference.
3. Not as far as I am aware.
4. The bidders are in dialogue with the admins, who are trying negotiate a deal to suit all. There are many areas of the deal that have to be discussed and the buyer, like the admins, have to grind out the best deal for them.
5. I am not sure how much I can say on plan ‘b’, plus I don’t know all the facts regarding it and don’t want to mislead you.FA Cup Winners 2013, sounds good that
Thanks Jason, we understand if you can’t say but the supporters club confirmed they met with one bidder reccently, but can you state if that was a one off meeting or part of a continual dialogue with further meetings taken place. Or if any other potential bidders still in the running have engaged with the SC? Thanks
As far as I am aware, and we only have the admins word on this, there are still 3 or 4 bidders mulling over the deal.
The Supporters Club are working with the bidders to on a continuous basis.FA Cup Winners 2013, sounds good that
OK Jason…of the 2 bidders we know have you got a preferred ?… if so, are you at liberty to say ?
Are either or both legit ?
The Supporters Club believe they are legit
FA Cup Winners 2013, sounds good that
If we buy the shirt, does the money go in the coffers for Wigan Athletic and the new owners, or will the administrators get it in their bank account?
Away a lot, but always watching
In answer to some comments/questions raised on various platforms.
I’ll try to address a couple of the comments here.
Not getting response to emailing the Supporters Club
Emails, if you aren’t getting through to the SC send to me, I am briefed pretty regularly by them and the club so if I can answer I will.Why is the SC so heavily involved?
The reason the SC is involved so heavily is legal point from the EFL I think. When a club goes into administration, first refusal must go to Official the Supporters Club and if they are not in a position to buy, they will be consulted with by the admins as the process goes on.Why all the secrecy over the limited company?
The SC was always going to convert to a CBS (community Benefit Society) as recommended by the FSA and was accelerated by administration. Part of this is to become a limited companyWho are the SC accountable too?
At the moment the SC is answerable at the AGM, where every member is invited to look over the finances, ask questions, make suggestions and challenge the committee.The Supporters club isn’t for everybody
Someone said the SC isn’t for everybody. Actually it is inclusive and so anyone can join.The SC doesn’t have a lot of the fans behind it
From what I can gather, the SC last season had roughly 20% of all Latics fans (going off season ticket sales and average home ticket sales). I think this has increased on last season.FA Cup Winners 2013, sounds good that
Why are they not updating fans on who they are speaking with JayT? All they have said is they are speaking to people, who?
In answer to the TV Steaming revenue questions.:
Can I try to explain how it happens at the moment.
Firstly the revenue doesn’t go to administrators.
The revenue as it has been explained to me is as follows.
Home and away team looks at what the estimated amount of travelling fans would be had it been live at the stadium.The home side would then get the home sales plus whatever the away estimate was. The away team would get all their sales less the amount agreed on what the estimated away following would have been.
So if Latics play Leeds say, we have 7,000 fans watching the stream for a home game, we get it all (I think the cut is about £8ish of the £10). Leeds would bring 5,000 to Wigan, so we would get that amount from the away team, they would get the 40,000 – 5,000 as revenue.
Wigan travelling to Blackpool, would take 2,000. So Blackpool would keep all their own home sales, plus 2,000 of Wigan’s. Latics would keep 5,000 sales if all 7,000 that watched the Leeds game tuned in to this.
Hope that makes sense?
So in a nutshell, the more people that watch the stream, the more revenue goes into our coffers, home or away.
FA Cup Winners 2013, sounds good that
How long can we go in Administration, is there a time limit??
I am pretty sure you can’t start 2 seasons in administration, so we would need to be bought by the end of this current season.
FA Cup Winners 2013, sounds good that
In that case when will the money run out, are we good to the end of the season or if you listen to Paul Stanley are we being liquidated at the end of January?
In that case when will the money run out, are we good to the end of the season or if you listen to Paul Stanley are we being liquidated at the end of January?
2 reasons we won’t be liquidated:
- The EFL
The EFL have a pot of money set to one side to fund clubs in trouble during COVID, they have almost guaranteed no club will go under because of the financial restrictions caused by no fans, including us even though we are in Administration.
- WASC Bid
There is always the default bid by the supporters and local businesses as a last resort if no agreement can be found before the Admin term ends or the money runs out.
FA Cup Winners 2013, sounds good that
- You must be logged in to reply to this topic.
