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http://www.ientcorp.com/attachment/pdf/1513670174J7gmg.pdf
A pretty wealthy guy/company it seems.
My big concern is what they will do once they have spent a few quid and we haven’t made it back to the Prem.
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 .A company who wants to buy a stable football club relatively cheaply, and use it to market its brand through TV audiences?
i can see publicity in china and most of asia selling latics shirts by the thousands move over man utd there is a new boy in town
probably make more money that way than gate receipts all about marketing and selling merchandise in asia plus huge publicity for the tics in asiahttp://www.ientcorp.com/attachment/pdf/1513670174J7gmg.pdfA pretty wealthy guy/company it seems.
My big concern is what they will do once they have spent a few quid and we haven’t made it back to the Prem.
Don’t really understand all these balance sheets just how much is he or his company worth in sterling
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]
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![/quote]
Football fans from Salisbury/Winchester are within 15-20 miles of Southampton (not far) and 30-40 miles of Bournemouth and Portsmouth. Two of these clubs are currently in the Premier League.
Milton Keynes is already taken.
Anywhere else?
http://www.ientcorp.com/attachment/pdf/1513670174J7gmg.pdfA pretty wealthy guy/company it seems.
My big concern is what they will do once they have spent a few quid and we haven’t made it back to the Prem.
I’ve been looking at this, and Googling like mad, and it all becomes muddied. Not bad, not good – I just can’t tell. Which of course is the objective.
The finances of IED are actually, I think, irrelevant. That’s the holding company in the name of which the deals will be done.
The core sentence in the link Egg provides is: “In the opinion of the Directors, the holding company of the Company is Brighten Path Limited, which is incorporated in the British Virgin Islands, and the ultimate holding company of the Company is Head and Shoulders Direct Investment Limited.”
Both of these companies “appear” to be in the hands of one man: Chiu Fai Choi.
His business profile is here (also click on the “Read Full Background” button):-
https://www.bloomberg.com/research/stocks/people/person.asp?personId=29928586&privcapId=274860571The Cheng family have been mentioned as the people taking over, but they sold IED to Dr Choi in 2017 and no members of the Cheng family are on the board.
However, if you look at Dr Choi’s profile you will see that he is actually described as “He has 23 years of experience in securities, futures, financial derivative products and merger and acquisition projects”.
The only thing that is certain to my belief (which means it’s not at all certain :) ) is that somewhere there is an individual who wants to own a football club – Dr Choi? One of the Cheng family? Who knows.
I certainly wouldn’t get hung up about who IED are, or where they are based, or whatever. They are a front name for whoever wants to buy in.
Well, that’s my reading of it, but I could be very wrong. I often am (but don’t tell anyone that!)
Ah – hang on.
This is interesting.
It looks like his public assets are $328 BILLION.
He’ll do for me.http://www.4-traders.com/business-leaders/Chiu-Fai-Choi-076WBT-E/biography/
EDIT
I’m going to edit this as that amount is impossible – the top people in Forbes list are only worth $40 billion, so I’m not sure how this site measures that amount. He is undoubtedly very rich though :)
It may well be that his wealth is in HKD not USD, which would put him around £30 bn.I think this is what he looks like, but he is quite elusive and this could be someone completely different
https://www.cardplayer.com/poker-players/243573-stanley-choi/results/overall
having read the replies I can only conclude that some people on here talk a lot of nonsense.
Why on earth would some one pay 20 million to stop someone playing on the pitch, wouldn’t it make more sense to get the drains sorted so the pitch isn’t wet all the time. That way you still get the renters paying rent.
When Whelan was announced as taking over latics and he wanted premier lge football in 10 years i was terrified the 1400 people that was turning up might have something good to watch, bloody hell. Terrified of success.
I could go on… but you get the point. Who knows whats coming, we cant stop it, lets enjoy it. And if it all goes tits up the terrified ones will be happy as we will be back in the bottom lge with no fans.
http://www.ientcorp.com/attachment/pdf/1513670174J7gmg.pdf
A pretty wealthy guy/company it seems.
My big concern is what they will do once they have spent a few quid and we haven’t made it back to the Prem.
I’ve been looking at this, and Googling like mad, and it all becomes muddied. Not bad, not good – I just can’t tell. Which of course is the objective.
The finances of IED are actually, I think, irrelevant. That’s the holding company in the name of which the deals will be done.
The core sentence in the link Egg provides is: “In the opinion of the Directors, the holding company of the Company is Brighten Path Limited, which is incorporated in the British Virgin Islands, and the ultimate holding company of the Company is Head and Shoulders Direct Investment Limited.”
Both of these companies “appear” to be in the hands of one man: Chiu Fai Choi.
His business profile is here (also click on the “Read Full Background” button):-
https://www.bloomberg.com/research/stocks/people/person.asp?personId=29928586&privcapId=274860571The Cheng family have been mentioned as the people taking over, but they sold IED to Dr Choi in 2017 and no members of the Cheng family are on the board.
However, if you look at Dr Choi’s profile you will see that he is actually described as “He has 23 years of experience in securities, futures, financial derivative products and merger and acquisition projects”.
The only thing that is certain to my belief (which means it’s not at all certain :) ) is that somewhere there is an individual who wants to own a football club – Dr Choi? One of the Cheng family? Who knows.
I certainly wouldn’t get hung up about who IED are, or where they are based, or whatever. They are a front name for whoever wants to buy in.
Well, that’s my reading of it, but I could be very wrong. I often am (but don’t tell anyone that!)[/quote]
All seems millions of miles away from Communism!!I’ve read that many different articles on this now, I don’t know what I’m looking at anymore or who’s THINKING of buying us(not done yet), after delving through all the shit and big words one said they made a 600,000 loss(That’s not IED) in their financial year, now that doesn’t sound good!!! but sod it, it’s the rollercoaster of supporting Wigan Athletic and the ride goes on and on enjoy it, no other club is having our journey their all boring.
http://www.ientcorp.com/attachment/pdf/1513670174J7gmg.pdf
A pretty wealthy guy/company it seems.
My big concern is what they will do once they have spent a few quid and we haven’t made it back to the Prem.
I’ve been looking at this, and Googling like mad, and it all becomes muddied. Not bad, not good – I just can’t tell. Which of course is the objective.
The finances of IED are actually, I think, irrelevant. That’s the holding company in the name of which the deals will be done.
The core sentence in the link Egg provides is: “In the opinion of the Directors, the holding company of the Company is Brighten Path Limited, which is incorporated in the British Virgin Islands, and the ultimate holding company of the Company is Head and Shoulders Direct Investment Limited.”
Both of these companies “appear” to be in the hands of one man: Chiu Fai Choi.
His business profile is here (also click on the “Read Full Background” button):-
https://www.bloomberg.com/research/stocks/people/person.asp?personId=29928586&privcapId=274860571The Cheng family have been mentioned as the people taking over, but they sold IED to Dr Choi in 2017 and no members of the Cheng family are on the board.
However, if you look at Dr Choi’s profile you will see that he is actually described as “He has 23 years of experience in securities, futures, financial derivative products and merger and acquisition projects”.
The only thing that is certain to my belief (which means it’s not at all certain :) ) is that somewhere there is an individual who wants to own a football club – Dr Choi? One of the Cheng family? Who knows.
I certainly wouldn’t get hung up about who IED are, or where they are based, or whatever. They are a front name for whoever wants to buy in.
Well, that’s my reading of it, but I could be very wrong. I often am (but don’t tell anyone that!)[/quote]
All seems millions of miles away from Communism!![/quote]
Eh? Where’s communism mentioned?!http://www.ientcorp.com/attachment/pdf/1513670174J7gmg.pdf
A pretty wealthy guy/company it seems.
My big concern is what they will do once they have spent a few quid and we haven’t made it back to the Prem.
I’ve been looking at this, and Googling like mad, and it all becomes muddied. Not bad, not good – I just can’t tell. Which of course is the objective.
The finances of IED are actually, I think, irrelevant. That’s the holding company in the name of which the deals will be done.
The core sentence in the link Egg provides is: “In the opinion of the Directors, the holding company of the Company is Brighten Path Limited, which is incorporated in the British Virgin Islands, and the ultimate holding company of the Company is Head and Shoulders Direct Investment Limited.”
Both of these companies “appear” to be in the hands of one man: Chiu Fai Choi.
His business profile is here (also click on the “Read Full Background” button):-
https://www.bloomberg.com/research/stocks/people/person.asp?personId=29928586&privcapId=274860571The Cheng family have been mentioned as the people taking over, but they sold IED to Dr Choi in 2017 and no members of the Cheng family are on the board.
However, if you look at Dr Choi’s profile you will see that he is actually described as “He has 23 years of experience in securities, futures, financial derivative products and merger and acquisition projects”.
The only thing that is certain to my belief (which means it’s not at all certain :) ) is that somewhere there is an individual who wants to own a football club – Dr Choi? One of the Cheng family? Who knows.
I certainly wouldn’t get hung up about who IED are, or where they are based, or whatever. They are a front name for whoever wants to buy in.
Well, that’s my reading of it, but I could be very wrong. I often am (but don’t tell anyone that!)[/quote]
All seems millions of miles away from Communism!![/quote]
Eh? Where’s communism mentioned?![/quote]
Nowhere, but all the talk of Chinese billionaires just seems funny for a Communist totalitarian state.I’ve read that many different articles on this now, I don’t know what I’m looking at anymore or who’s THINKING of buying us(not done yet), after delving through all the shit and big words one said they made a 600,000 loss(That’s not IED) in their financial year, now that doesn’t sound good!!! but sod it, it’s the rollercoaster of supporting Wigan Athletic and the ride goes on and on enjoy it, no other club is having our journey their all boring.If the assets the of person or group looking to buy Wigan Athletic is measured in hundreds of billions a £600k loss is like you (certainly me) losing 50p.
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