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Major changes in every aspect of life arouses worry, scepticism and suspicion, it is human nature. Hands up who wasn’t just a little worried when we first heard that Dave Whelan was taking over the Latics and planning to get us to the PL in ten years? I was certainley sceptical and suspicious. if not wholeheartedly worried.
These people are businessmen and football with its global markets is big business these days. It is that big now that mere multi millionaires like Dave Whelan are finding it harder and harder to compete at the highest level.
This major new investment will hopefully be able to move us back up a level or two and allow us to be able to compete at the highest level of English football.
It may take a while as we have lost a lot of ground and money since we left the PL, but hopefully , and I keep stressing the word hopefully as nothing can be be taken for granted, this investment could help gain us a return to the top league again soon.
Champions League in 10 years anyone?I reckon 5 – 7 years :woohoo: :woohoo: :woohoo:
And, Dave. They are amongst the richest business people in Asia, and that really is saying something.If these guys are so rich, then they could easily afford to terminate the contract with the rugby and pay them the £20m or so compensation that may be due for buying out the remainder of a 50 year lease. That would be recouped with one season in the prem.
Similarly, if they are so rich and the pitch does hinder the progress up the league, then these guys are rich enough to move the football club to a purpose-built stadium that isnt below the water line, and that is full every week, as they wont want to have “their” club on TV in the far east playing to a 30% full stadium.
With DW, we knew what we were getting – an honourary Wiganer who loved the town, but these new owners have no affinity to the town, and could easily move their club to an area where there is a bigger fanbase.
And, Dave. They are amongst the richest business people in Asia, and that really is saying something.
If these guys are so rich, then they could easily afford to terminate the contract with the rugby and pay them the £20m or so compensation that may be due for buying out the remainder of a 50 year lease. That would be recouped with one season in the prem.
Similarly, if they are so rich and the pitch does hinder the progress up the league, then these guys are rich enough to move the football club to a purpose-built stadium that isnt below the water line, and that is full every week, as they wont want to have “their” club on TV in the far east playing to a 30% full stadium.
With DW, we knew what we were getting – an honourary Wiganer who loved the town, but these new owners have no affinity to the town, and could easily move their club to an area where there is a bigger fanbase.[/quote]
Where would Wigan Athletic have a bigger fanbase?
It’s apparently this guy.
https://www.pokernews.com/news/2012/08/stanley-choi-wins-macau-high-stakes-challenge-13330.htm
He bought 64.8% of shares from Cheng last February for $157m.
He owns this, and a number of other companies, and apparently a billionaire himself. But who knows.
Some say IEC is still a Cheng company but he’s taking a step back.
Hopefully get more clarity tomorrow now it’s out in the open.
What is really interesting is that the deal, if made, will be for both Wigan Athletic AFC and for Wigan Football Club. The latter owns the stadium.
Now, I am quite sure that the HK group have not the slightest clue what rugby league is. They see acquisition of the ground as part and parcel of owning the football club, and maybe a foot in the door of their stock-in-trade, hospitality, dining, maybe expansion into hotel (small one on the site of Sharpy’s chippy?)
What they will not want is a pitch messing up chances of achieving Premier League status by being churned up by something they don’t understand.
Whelan is a Wiganer and so to his credit wanted success for both the town’s teams. The Cheng family will have no qualms about giving them the boot.And, Dave. They are amongst the richest business people in Asia, and that really is saying something. Their business web is highly complex and their will be some parts when looked at in isolation will appear odd to us mere mortals. But the prospect that they are buying into, the prospect of having bought relatively cheaply a club that could get to the PL (as opposed for example to Shrewsbury who with all respect to them are unlikely to do that – we have!) is one worth investing in. There isn’t much to asset strip at Wigan, so I’d go with the idea that this will be good for us.
And if not, it all adds to the rollercoaster that supporting Latics brings.
Hope you are right, George. I really do. Perhaps it’s just a case of being so accustomed to what we have, and knowing who we have owning our club. I just hope the new owners have no ulterior motives and are 100% into doing the best for Latics.
Regarding the stadium, I believe they will be purchasing 85% of it, and the remaining 15% will be council owned. As for the rugby, I think they still have a 25 year lease that is binding, although I’m not sure how the new ownership will affect this. If you are renting a house and your landlord sells up, I’m sure the new owner would have the ability to kick you out, as long as you were given a certain amount of notice. If this was done with the rugby, their options would be share with Leigh, or Bolton or Preston. I don’t think think they have the finances to build their own stadium, do they? I wonder if they will rename the stadium the IEC Stadium? And if the rugby do leave, the Boston stand will need renaming. The David Whelan Stand?I certainly do hope this is a move to take us upwards and onto the next level. I criticize the greed league a lot. But if we got back up there with some financial clout behind us, and could at least have another few seasons up there with 18k plus crowds on a regular basis, competing against the best, it would be magnificent.
And, Dave. They are amongst the richest business people in Asia, and that really is saying something.
If these guys are so rich, then they could easily afford to terminate the contract with the rugby and pay them the £20m or so compensation that may be due for buying out the remainder of a 50 year lease. That would be recouped with one season in the prem.
Similarly, if they are so rich and the pitch does hinder the progress up the league, then these guys are rich enough to move the football club to a purpose-built stadium that isnt below the water line, and that is full every week, as they wont want to have “their” club on TV in the far east playing to a 30% full stadium.
With DW, we knew what we were getting – an honourary Wiganer who loved the town, but these new owners have no affinity to the town, and could easily move their club to an area where there is a bigger fanbase.[/quote]
Where would Wigan Athletic have a bigger fanbase?[/quote]
Milton Keynes?
And, Dave. They are amongst the richest business people in Asia, and that really is saying something.
If these guys are so rich, then they could easily afford to terminate the contract with the rugby and pay them the £20m or so compensation that may be due for buying out the remainder of a 50 year lease. That would be recouped with one season in the prem.
Similarly, if they are so rich and the pitch does hinder the progress up the league, then these guys are rich enough to move the football club to a purpose-built stadium that isnt below the water line, and that is full every week, as they wont want to have “their” club on TV in the far east playing to a 30% full stadium.
With DW, we knew what we were getting – an honourary Wiganer who loved the town, but these new owners have no affinity to the town, and could easily move their club to an area where there is a bigger fanbase.[/quote]
Where would Wigan Athletic have a bigger fanbase?[/quote]
Who says we would be wigan athletic? See mk.dons for example.
IEC VOLUNTARY ANNOUNCEMENT
http://www.ientcorp.com/attachment/pdf/1517820308fNgUs.pdfAnd, Dave. They are amongst the richest business people in Asia, and that really is saying something.
If these guys are so rich, then they could easily afford to terminate the contract with the rugby and pay them the £20m or so compensation that may be due for buying out the remainder of a 50 year lease. That would be recouped with one season in the prem.
Similarly, if they are so rich and the pitch does hinder the progress up the league, then these guys are rich enough to move the football club to a purpose-built stadium that isnt below the water line, and that is full every week, as they wont want to have “their” club on TV in the far east playing to a 30% full stadium.
With DW, we knew what we were getting – an honourary Wiganer who loved the town, but these new owners have no affinity to the town, and could easily move their club to an area where there is a bigger fanbase.[/quote]
Where would Wigan Athletic have a bigger fanbase?[/quote]
In an area where football league clubs are scarce and population larger. Salisbury/Winchester area has quite a large population but no league club for miles. As far as I’m aware, they don’t even have a top level rugby club competing for support!
And, Dave. They are amongst the richest business people in Asia, and that really is saying something.
If these guys are so rich, then they could easily afford to terminate the contract with the rugby and pay them the £20m or so compensation that may be due for buying out the remainder of a 50 year lease. That would be recouped with one season in the prem.
Similarly, if they are so rich and the pitch does hinder the progress up the league, then these guys are rich enough to move the football club to a purpose-built stadium that isnt below the water line, and that is full every week, as they wont want to have “their” club on TV in the far east playing to a 30% full stadium.
With DW, we knew what we were getting – an honourary Wiganer who loved the town, but these new owners have no affinity to the town, and could easily move their club to an area where there is a bigger fanbase.[/quote]
Where would Wigan Athletic have a bigger fanbase?[/quote]
Milton Keynes?[/quote]
Now Sammy; that is funny for you :woohoo: :woohoo: :woohoo:
Normally you come across as very drole.Honest opinion? Dodgy as anything. Very very concerned about this. An Hong Kong ‘Entertainment firm’ that was started off in the Cayman Islands…. Good old tax dodging place.I am very very skeptical about this and have a bad feeling that we are about to enter the beginning of a nightmare.
Would you class the likes of Lewis Hamilton and Jensen Button as “dodgy” as they live outside the UK for tax dodging purposes. Lets see what happens vat lad who knows they could do an Abramovich.
Now I’m no business man but why would someone want to buy a business that’s in a loss and a possibility of not getting promotion into the championship and possibility of never getting back into the greed league (both of which fingers crossed we’ll achieve) so its got to be laundering money for the triads we’ll be cock of the north and tough as nails no-one will muck with the mighty Ticads .
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