- Aug 28, 2014
- Reaction score
Al-Faraj is a real person but he was just a fall guy, some random bloke that could be used so the guys at Portpin couldn't be exposed. It fooled the EFL (naturally) but not the sleuths among our fan base who soon connected the dots between the three "owners" at the time. I feel sorry for Wigan fans going through this same shit.Ali Al-Faraj, did anyone ever find him in the end?
Is this post reporting public statements from the administrators or just conjecture?I've wrote a lot elsewhere, this is dodgy as it gets. Au Yeung is an office worked recently declared bankrupt and is pretty skint. Certainly does have £40m, he is being used as a fall guy or his identity is being used as cover. if the EFL did any sort of check Choi would have been banned from owning in the first place.
Good news on the points front, looks highly likely we won't receive any, unless the EFL decide to break their own rules. Which is why the club brought in a top QC as they have full proof of no creditors being owed money.
You don't get 12 points for entering administration, it's for an insolvency event where you cannot pay debts to creditors. It just so happens that every club who has previously entered administration, did so as a result of this occurring. until Wigan. As we have not yet missed a payment to a creditor, we have not yet suffered an insolvency event and therefore, as per the rules, there is no rule to say we should receive a 12 point deduction. This is exactly why Blackpool had their 12 point deduction removed for the same reason, as they didn't owe a creditor.
'In all circumstances a sporting sanction applies in respect of an insolvency event (default 12-point penalty). The Regulation seeks to ensure that a Club cannot gain any advantage over other Clubs in the competition by not paying its creditors in full and on time, while also ensuring there is a deterrent in place for Clubs and their owners, from operating in a manner so as to cause insolvency.
Tbf, it's not about what they owe, it's about being able to afford what they owe. I know strictly speaking they've relied on others but I bet a good £1m or so has come about since being placed in admin, excluding the admin fees. Things like EFL advancing payments, any transfer fees due (pretty standard practise to be in instalments) etc all add up.So Wigan owe creditors £11m. And yet think they shouldn't get a 12 point deduction.