2 July 2020 at 7:54 pm #1875532 July 2020 at 7:57 pm #187554
Says who?2 July 2020 at 10:06 pm #1875572 July 2020 at 10:30 pm #187558
Definitely him then!!!
I’m not convinced they will find a financial mess unless these guys have been bleeding usbdry and not telling anyone. Jackson wouldn’t allow us to be ran in that way for a start. We’ll owe some money somewhere but I genuinely can’t see it being a shit show.3 July 2020 at 12:09 am #187559
They spent big in the summer to try and get us promoted. It’s gone horribly wrong before Xmas so they put a huge huge bet on us to go down. We surge into mid table,they panic and plunge us into administration earlier than originally planned to relegate us the cunts.
Think about it. At any other club Cook would’ve been sacked during that horrendous run before Xmas” They keep him,thinking if they do we are nailed on to be relegated!3 July 2020 at 6:08 am #187560
People from Hong Kong have gambling in their blood from birth, they are born with 3 doubles and a treble running through their veins.
Now I’m not saying the video is true but it would make an awful lot a sense. I mean, who buys a outdoor leisure industry busines at the height of a pandemic with little income on a 8% bank loan without an alterior motive ?.
He’s a professional poker for christ sake.3 July 2020 at 7:34 am #187561muttywhitedogPlayer
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If this is the case, the most apt punishment would be to apply the points deduction next season, thereby denying whoever has placed this bet a payout.3 July 2020 at 8:17 am #187562
“The most apt punishment”
If that’s correct there shouldn’t be a ******* punishment and the EFL should be on bended knee begging our forgiveness for years to come3 July 2020 at 8:19 am #187563
Who buys a outdoor leisure industry business at the height of a pandemic with little income on a 20% bank loan without an ulterior motive ?3 July 2020 at 11:35 am #187577vinceHillPlayer
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If this story is true then all integrity of the game is finished in my opinion if the EFL deduct those points as it sets a very dangerous precedent going forward throughout professional football.
Has to be a NO POINTS deduction if we can survive the season and beyond given these alleged exeptional ‘Force Majeure’ circumstances, the most crucial month in our history is now upon us for sure!
One thing is cetain is that no team talk will be needed tomorrow by Paul Cook or the coaching staff.3 July 2020 at 9:22 pm #187595LordofBrewtownPlayer
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If this story is true then all integrity of the game is finished in my opinion if the EFL deduct those points as it sets a very dangerous precedent going forward throughout professional football. Has to be a NO POINTS deduction if we can survive the season and beyond given these alleged exeptional ‘Force Majeure’ circumstances, the most crucial month in our history is now upon us for sure! One thing is cetain is that no team talk will be needed tomorrow by Paul Cook or the coaching staff.
Agree. If true – this calls into question the integrity of every single league match – including the premiership, as all football fans assume the games are legit/fair. Furthermore, if true, surely there’s a law broken, and if possible any funds still in the UK in the owners hand should be frozen while investigations occur. If true, a lifetime FIFA ban should be in order; however, the only way to restore integrity of the game and set an example for all sports is to prosecute and put someone in jail for fraud.3 July 2020 at 9:59 pm #187598give it some whelleyPlayer
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I just read this:
Now there is 100% something fishy about what’s gone on, but I don’t get how this betting angle would work.
Firstly my little bit of expertise – I’ve worked for betting companies for a long time and spend a lot of my life in Vegas and Macau. So I know a bit about how the legitimate sports betting business works.
I can say with high confidence, that there’s no legitimate sports book that would take anything like the size of the bet needed here on a Championship team being relegated, no matter who the bettor was. Firstly, if the theory is that they were betting on relegation before we went on the winning streak, then the odds at that time of Latics being relegated would be low – can anyone find out what they were? So to make back the 10s of millions being lost today you’d have to be betting at least 10s of millions. No bookmaker in the world would take that kind of action – the largest bet accepted by Caesars at the Superbowl this year was $1 million – and even if they did we’d have seen the odds on staying up go crashing through the floor as it got laid off.
This also applies if they placed bets recently when the odds on relegation had dropped – wouldn’t anyone notice that Wigan were odds-on to go down even though we were now 8 points clear? The only way you could place the bet would be literally just before calling the administrators – and good luck getting anyone to honour such an obvious fraud.
But even if we assume this was a private bet, you’d have to assume that they found someone willing to take a bet of 10s of millions on something without doing any due diligence that the person placing the bet can’t rig the outcome. And again, that such a person would honour the bet given what’s happened. Even then, it’s hardly a sure bet as we will hopefully keep winning and they’re screwed anyway.
Unless I’m missing something, it just doesn’t add up. But if I’m wrong people will get murdered over this and it’ll make a terrific film.3 July 2020 at 10:03 pm #187599
We were sold 4-5 weeks ago to a guy little is known about and internet searches being up little info.
So on that note what evidence did the EFL physically see to say he’s fit to own a club ?. I think the EFL who are those doing the so called background checks about this person Au Yeung have fooked up on a monumental scale.
Little can be found about Au Yeung. Stringent checks and protocols were suppose to be in place to stop dubious characters embezzling dirty money but it’s looking like they did no background checks.
They do us for 12 points to ahead, we should counter sue
£1.5 million per point should suffice9 July 2020 at 11:54 am #187812
regarding betting in large bets , it can be done in a series of small bets. Plenty of coops have come off this way. If I ring say stick us £1 million on Latics go down ? the reply would be errr no especially we we were but, lets say at the beginning of a season ?. There are a millions of bets placed on winning and relegation worldwide and I mean millions. If I remember correctly we were one of the favorites with Charlton been odds on.
But, who’s to say when this bet was placed ?. It doesn’t have to have been placed in the past month or so it could have been at the beginning of the season or soon after the start. I personally think it went like this,
IEC were losing money hand over fist and soon realized it will take a monumental amount of money to get us promoted. But not that more recently their multi eventing stadium took a turn for the worse with Covid.
So the IEC sold to Choi simply because to lessen any checks as were been sold to someone who’s already basically in charge abit like joint owners and 1 bails out you get a loan and by him out. Then like lightening Wai Kay steps in 5 weeks ago through the back door unannounced and takes over as as the majority share holder
We are then lumbered with this 8% loan with large 20% penalties. This 8% wouldnt be to difficult to get hold of concidering the assests the club has and the huge £30,000+ in interest we were paying. Any recoup would be simple job for the lenders. We have equity so the bank wouldn’t have a problem loaning, caymen isles banks dont give a sh1te as long as they see a recovery method.
So the IEC loan get’s paid off their fine and clean , Choi steps to one side on the Q.T and Wai Kay takes charge as the 70% major share holder. He pulls the plug on fiannces, Admin steps in , bank want paying back we have assets,
bank owns ground assets,
loan get’s paid
Wai Kay blames Covid
EFL say “Well he showed us the funds so….”
we are left with no one to sue everyone washes their hands and move on. The EFL check there’s money there but, were did it come from and this is very important like Birmingham and other’s have found out. It could be drug money, terrorist money dirty money been laundered etc. Were did Wai Kay get hold of this ?, were did it go ? money meant to keep the float for this and next season. Did they check ? like proper check.
I heard a rumor it’s a self assessment form you fill in for the EFL regarding funds and takovers. who is Wai Kay ??.
the 12 points will be deducted, and all the above will walk away scott free. The only way is a bond scheme were money is held in a holding fund enough to finish a season based on past seasons and if you hit the sh1t cut your cloth accordingly to survive. If you go out of business after the season ends then deduct then that unless a buyer is found.
The problem I see is this:-
The EFL might see funds but … what stops owner/s simply saying at any point weeks months years “Na thats it for me, were not spending anymore”.
The EFL have no powers what so ever to force owners to spend the funds they showed when buying. New owners can get untraceable money wired over the caymen bank and that’s will suffice for the EFL , funds shown. Were it came from doesn’t mean a fooking thing in their eyes. I’m in no doubt the IEC loaned Choi/Wai Kay the funds to show the EFL who in turn will say, Yep we saw it all good.
It’s the job of the EFL to make sure anyone who joins the EFL are fit and proper. The problem lawyers will have on our behalf is proving they weren’t and the EFL failed in spotting dodgy dealings and possible fraud at the highest level. Like I said a bond holding scheme is the only way to make sure clubs finish a season without points deducted.
10 July 2020 at 1:56 am #187820LordofBrewtownPlayer
- This reply was modified 9 months, 2 weeks ago by cup winners.
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Unfortunately, I think Cup Winners likely has the situation sized up correctly. What I’d like to know/see is: which bank holds the loan. Is there any possibility of voiding it/somehow saying it’s not valid if that’s a foreign bank based on all the shadiness (unlikely). I’m guessing the Choi probably raided most of the cash/assets – but, wouldn’t the board or someone at the club in a financial position have been questioning that. You would think there has to be some separation. If not – that might be a good thing as far as fighting this thing/bringing criminal wrongdoing to light – as that is probably what it will take – criminal charges of some kind, to avoid any point deduction. But, wow even just reducing a point deduction from 12 points to 9 could be absolutely huge.
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