Discover and read the best of Twitter Threads about #wafc

Most recents (18)

The Wigan Athletic banter era thread…2013-present. Here goes… #WAFC
After FA Cup winning manager Roberto Martinez departs to join Everton, Wigan appoint former Bolton manager Owen Coyle as manager. The move is met with anger from large sections of the fan base.
Aug 2013- Owen Coyle’s Wigan lose 2-0 to Manchester United in the Community Shield. Manchester United fans attempt to start a Mexican wave, the Wigan end refuses to partake and instead stick two fingers up to their opponents.
Read 146 tweets
It's OFFICIAL: #Indonesia Military Finally Ends ‘Virginity Test'🙌🏾
Indonesia’s armed forces have finally ended all so-called “virginity tests” as part of the recruitment process for women.
Last week, Indonesian armed forces spokesman Maj. Gen. Sudirman announced that all three ImageImage
branches of the military – the Army, the Navy, and the Air Force – had “effectively ended virginity tests” for recruitment.
The military’s first actions against this abusive practice began in June 2021 when then-Army Chief General Andika Perkasa issued an order to army commanders
that female recruits should only be assessed on their ability to take part in physical training.
He also ordered that the fiancées of male officers who applied for permission to get married no longer needed to get a medical check, including a “virginity test.”
But despite the
Read 6 tweets
#CardiffCity 2020/21 financial results covered a season when they finished 8th in the Championship. Manager Neil Harris was replaced by Mick McCarthy in January 2021, since succeeded by Steve Morison In November 2021. Some thoughts in the following thread.
#CardiffCity pre-tax loss narrowed from £12m to £11m, as revenue rose £9m (20%) from £46m to £55m and operating expenses were cut £3m (4%), though profit on player sales fell £11m from £14m to £3m.
#CardiffCity broadcasting income rose £11m (31%) from £37m to £48m, as money deferred for games played after 2020 accounts offset lower parachute payments. Match day fell £2.5m (68%) from £3.7m to £1.2m, as games played without fans. Commercial slightly increased to £5.6m.
Read 42 tweets
Phoenix 2021 Ltd, the company that bought Wigan Athletic from the administrators (don’t think it included the statue) publishes results for Jan-June 2021. Club lost £1.5m but player sales ⬇️ this to £600k #WAFC
Phoenix 2021 had over £1m of cash in the bank at 30 June 2021, mainly due to £3.7m injected into club by shareholders when set up.
Wigan did not have any gate receipts due to Covid. Biggest income source was academy grants followed by Premier League solidarity payments. Wages were £214 for every £100 of income as no ST or matchday revenues.
Read 4 tweets
#BristolCity 2020/21 financial results cover a season when they finished a “disappointing” 19th in the Championship with Nigel Pearson replacing head coach Dean Holden in February. Owner Steve Lansdown described COVID-impacted losses as “horrific”. Some thoughts follow.
#BristolCity pre-tax loss widened from £10.1m to £38.4m, mainly due to profit on player sales falling £19.4m from £25.6m to £6.2m, while revenue dropped £10.5m (39%) from £27.2m to £16.7m. Only slightly offset by a small expenses decrease of £0.6m (1%) to £62.9m.
#BristolCity revenue decrease largely driven by COVID (games played behind closed doors & stadium lockdown), as commercial fell £6.1m (44%) to £7.7m and match day dropped £4.0m (85%) to £0.7m. Broadcasting also down £0.4m (5%) to £8.2m. Government grants up £1.0m to £1.6m.
Read 42 tweets
After I put together a thread looking at the financial trends in the Premier League over the last 10 years from 2011 to 2020, a few people asked me if I could do the same for the EFL Championship. So here are the finances for England’s second tier over the last decade.
This analysis comes with caveats, as not all Championship clubs published accounts in the last decade, e.g. Derby County in 2019 and 2020. Also no accounts for clubs in administration, e.g. Portsmouth (2011 & 2012), Bolton Wanderers (2018 & 2019) and Wigan Athletic (2020).
Nevertheless, the themes and trends can still be highlighted, including the impact of COVID in the last three months of 2020. We will also feature some comparisons with the Premier League to illustrate the immense differences between England’s top two divisions.
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Some really interesting bits in this interview with new Wigan chairman @Talalalhammad32, from @EPLworld - very kindly translated for me by @aabuedrees #wafc
A little background on Phoenix 21 - “Our objective is...not financial only but social as well”
When asked whether this is a risky investment or not: “I see it as a new challenge...Rome wasn’t built in a day” #wafc
Read 10 tweets
Peter Millward, um dos grandes estudiosos do futebol na atualidade, convocou torcedores do Wigan para arrecadar cerca de 3,3 milhões de reais (500 mil euros). A ideia é adquirir ações para torcedores do clube e salvá-lo.
O princípio é claro e já comentamos bastante nos nossos programas: "fan ownership".

O movimento das "supporters trusts", apesar das dificuldades e deslealdades nas disputas financeiras pelos clubes, segue bastante vivo.

Desejamos sorte aos torcedores do #WAFC.
Um ex-jogador do clube entrou na campanha!

Read 3 tweets
Nothing should come as a surprise in football, but it was still a shock when Wigan Athletic entered administration this month immediately after the new owners, Next Leader Fund (NLF), took control. This thread looks at how this happened, including #WAFC latest financials.
First up, in November 2018, after 23 years as owners, the Whelan family sold #WAFC to Hong Kong based International Entertainment Corporation (ICE), a company that runs hotel and casino business in the Philippines, for £22m (price £15.9m plus taking on £6.5m loans).
More recently in June 2020, ICE sold #WAFC to NLF for £17.5m, giving ICE a nice £1.6m profit, plus the repayment of the £24.6m they had invested. However, the club was immediately put into administration, as a result of the new owners not putting any more funds into the club.
Read 50 tweets
Documents that I’ve applied for and obtained from the Official Receivers Office in Hong Kong now prove that Au Yeung Wai Kay was declared bankrupt in 2004. The bankruptcy was discharged in 2008.
The bankruptcy file ties directly to Yeung through his HK ID number. #wafc
Is the person in the photo definitely Yeung? Yes 100%. I’ve had it confirmed by 3 sources including people who have seen and spoke to him.
Now a discharged bankruptcy by itself doesn’t disqualify you from owning a football club but can the @EFL answer whether this bankruptcy was declared to them or not? If it wasn’t declared then they are surely culpable for not finding it.
Read 11 tweets
Big thread incoming related to Stanley Choi. Bear with me while I go over the background of it all. #wafc 1/25
At the same time the EFL were going over the fine details of the first takeover in 2018 there was a court case taking place in Canada which was reported as the “biggest insider trading scandal in Canadian history”.
In March 2016, David Baazov the CEO of Amaya (a Canadian online gaming company) was charged with multiple counts of illegal insider trading, including stock manipulation, communicating privileged information, attempting to influence the share price of Amaya and more.
Read 27 tweets
Appreciate others have done this too much better than me, but here is a timeline relating to Wigan and IEC.

May 21, 2018: IEC announces purchase of #WAFC from the Whelan family for £15.9m plus taking over existing loans of £6.5m.
8 June 2018, three weeks after acquiring Wigan, IEC announce a profits warning. #WAFC
12 June 2018, IEC announce a delay in sending out the details of the Wigan takeover to shareholders.
Read 28 tweets
A thread: How Wigan Athletic have been victim to one of the greatest sporting scandals of all time.
In 2018 Dave Whelan sold Wigan Athletic to Hong Kong based International Entertainment Corporation (IEC) who specialise in gambling. Owned by professional poker player Stanley Choi of Hong Kong.
June 2020. The club officially changed hands to Next Leader Fund (NLF) based in the Cayman Islands and only set up in January 2020. Majority share in NLF? You guessed it, Stanley Choi. How did NLF afford the takeover? A loan.
Read 27 tweets
Au Yeung Wai Kay - A Chinese Takeaway #wafc

Big administration thread incoming...

In the last 24 hours, Au Yeung Wai Kay has emerged as the villain of the piece. He's faced death threats, accusations of betting against the club, and lots more. But, and this will always (1/14)
be a problem in such instances, nobody actually knows who he is, or where he is.

Google his name and you'll get a million hits, all of them related to his short time as owner of Wigan Athletic, and many of those referencing the current administration of the club. Take (2/14)
out any Latics-related results, though, and it's a different story. In the last 24 hours, I've found just a single result mentioning any variation of his name. That was a link to some sort of research-based website, so I have no idea if it's even the same man. And (3/14)
Read 14 tweets
Wigan manager Paul Cook has urged players to volunteer for NHS or find other ways to help their communities in this crisis. A lot of selfishness in the football industry, he admits, but this is an opportunity to reassess priorities and do some good… #wafc
“It was disgusting that Bury were allowed to go under. Now we’re hearing about clubs who worry they can’t survive 3 or 4 weeks without a home game. If clubs can’t survive for 3 or 4 weeks with no income, something is going seriously wrong with football.”…
“My thoughts are going to be clouded by what’s best for my club. But if I’m honest, that would be a totally selfish position to take. Playing out the season is obviously the right and proper thing to do. But then we’re left looking at when that can happen”…
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I published a study last week on where Premier League clubs source their money and what they spend it on by reviewing the clubs’ cash flow statements over the last decade. Today I do a similar exercise on Championship clubs – where the picture is very different.
In the 10 years between 2008 and 2017 Championship clubs had over £2.8 bln of available cash with the vast majority of financing £2.5 bln coming from their owners (loans £1.9bln and shares £0.6 bln)
So an incredible 87% of Championship clubs’ cash came from owner financing with just 7% from operating activities. This is in stark contrast to the Premier League with 54% from operations and 42% from owners. There was also £41m from (net) player sales & £45m from bank balances.
Read 22 tweets
Parachute payments are made to clubs relegated from the Premier League in order to soften the blow of the significant reduction in revenue in the Championship, especially as many players’ wages remain at a high level. The following thread looks at how these payments work.
It is evident that parachutes have a major impact on the competitive balance in the Championship, as the 6 clubs with the highest revenue in 2016/17 all benefited from these payments, most notably the 3 relegated the previous season: #NUFC £86m, #NCFC £75m & #AVFC £74m.
Eight Championship clubs received Premier League parachute payments in 2016/17 with #NUFC, #AVFC and #NCFC getting £41m (up from £26m in 2015/16 thanks to the new TV deal), followed by #QPR £31m, then #CardiffCity, #FFC, #Royals & #WAFC, all £16m.
Read 14 tweets
Although the 2016/17 financial results for the Championship are now a season out-of-date, they are the most recent published by the clubs, so people might still be interested in the comparisons as the new season kicks-off. Some thoughts in the following thread.
In contrast to the Premier League, only 6 clubs in the Championship made money, led by #NFFC £32m & #BarnsleyFC £13m. In this very competitive division most clubs over-extend in a bid to reach the lucrative top flight. Largest losses at 2 promoted clubs: #NUFC £47m & #BHAFC £39m.
Some clubs’ figures impacted by significant exceptional items, so #NFFC (£40m) and #ReadingFC (£9m) were boosted by loan write-offs. In contrast, promotion bonuses adversely affected #HTAFC £12m, #NUFC £10m and #BHAFC £9m. Newcastle also booked £22m onerous contract provisions.
Read 26 tweets

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