Wigan Athletic sold to a Spanish group

Got something to discuss about RL in general? Then this is the place to post it.
Lazy J
Posts: 251
Joined: Wed Jan 29, 2003 4:08 pm

Re: Wigan Athletic sold to a Spanish group

Post by Lazy J » Wed Oct 07, 2020 4:52 pm

It seems all is not well on the costa del Latics

https://london-post.co.uk/wigan-athleti ... n-control/
For fans wanting to know more about the future gatekeeper of the Latics. Garrido Cristo has previously led two Spanish clubs, Albacete and Castellón but was investigated for tax evasion and money laundering in 2016. It is believed that he has been in the North West of England after his company COSTA ESTE LONDON LIMITED was liquidated by Horsfields Insolvency Practitioners who are based in Bury, Manchester.

Sources understand Garrido Cristo is to be connected to Manchester based IPS law firm owner Chris Farnell. Former Wigan Athletic director Farnell (who was involved in the club in 2013) was also previously involved in the liquidation of Northern English club, Bury, and has a string of associations with other clubs including Charlton Athletic, who have suffered huge mismanagement.

Chris Farnell is said to be advised to go for the Latics by his long term client football manager Roberto Martinez. It is not clear what involvement Martinez wants to have with the League One club as he is currently the Belgium national team coach.

His alleged attempt to dupe the EFL was a tactic once tried by before, when a neighbour and friend of Farnell, Manchester business man Paul Elliot, was thought to be a convenient stooge for the sale of Charlton Athletic. The plan failed.

Sources say Farnell knows how to navigate the EFL rules and bringing in a Spanish front is all part of his master plan to be the clubs supremo.

Whilst the EFL puts procedures in place to protect itself from sports criminals and protect the interests of football clubs.
There are 10 types of people, those who get binary and those who dont!

moto748
Posts: 2581
Joined: Fri Dec 26, 2014 5:30 pm

Re: Wigan Athletic sold to a Spanish group

Post by moto748 » Wed Oct 07, 2020 5:40 pm

They sound like a straight-up bunch of guys! :lol:

the pieman
Posts: 402
Joined: Sun May 22, 2005 5:34 pm

Re: Wigan Athletic sold to a Spanish group

Post by the pieman » Wed Oct 07, 2020 6:13 pm

Lazy J wrote:
Wed Oct 07, 2020 4:52 pm
It seems all is not well on the costa del Latics

https://london-post.co.uk/wigan-athleti ... n-control/
For fans wanting to know more about the future gatekeeper of the Latics. Garrido Cristo has previously led two Spanish clubs, Albacete and Castellón but was investigated for tax evasion and money laundering in 2016. It is believed that he has been in the North West of England after his company COSTA ESTE LONDON LIMITED was liquidated by Horsfields Insolvency Practitioners who are based in Bury, Manchester.

Sources understand Garrido Cristo is to be connected to Manchester based IPS law firm owner Chris Farnell. Former Wigan Athletic director Farnell (who was involved in the club in 2013) was also previously involved in the liquidation of Northern English club, Bury, and has a string of associations with other clubs including Charlton Athletic, who have suffered huge mismanagement.

Chris Farnell is said to be advised to go for the Latics by his long term client football manager Roberto Martinez. It is not clear what involvement Martinez wants to have with the League One club as he is currently the Belgium national team coach.

His alleged attempt to dupe the EFL was a tactic once tried by before, when a neighbour and friend of Farnell, Manchester business man Paul Elliot, was thought to be a convenient stooge for the sale of Charlton Athletic. The plan failed.

Sources say Farnell knows how to navigate the EFL rules and bringing in a Spanish front is all part of his master plan to be the clubs supremo.

Whilst the EFL puts procedures in place to protect itself from sports criminals and protect the interests of football clubs.
The EFL didnt go a very good job previously did they, unless the protecting itself is all it is concerned about and nothing to do with protecting the clubs they represent.

So based on the article, the Latics have gone from one owner to a well known gambler who gambled the lot on the Latics going down, to someone allegedly so corrupt its untrue


fozzieskem
Posts: 3385
Joined: Sat May 14, 2016 10:54 am

Re: Wigan Athletic sold to a Spanish group

Post by fozzieskem » Wed Oct 07, 2020 10:09 pm

You can see this ending rather messily

DaveO
Posts: 14437
Joined: Mon Sep 30, 2002 5:32 pm

Re: Wigan Athletic sold to a Spanish group

Post by DaveO » Fri Oct 09, 2020 4:14 pm

So, on to the import questions. Who owns the DW and is Wigan RL's tenure secure?

Nezza Faz
Posts: 1638
Joined: Sun Jan 23, 2011 10:05 pm

Re: Wigan Athletic sold to a Spanish group

Post by Nezza Faz » Sat Oct 10, 2020 1:03 am

DaveO wrote:
Fri Oct 09, 2020 4:14 pm
So, on to the import questions. Who owns the DW and is Wigan RL's tenure secure?
Good, most relevant point. Anyone know the legalities of how a change in their ownership affects us ?

Last I thought, we had a 50 year odd lease but does this alter if a new owner comes in ?

pedro
Posts: 4239
Joined: Thu Jul 08, 2004 9:37 pm

Re: Wigan Athletic sold to a Spanish group

Post by pedro » Sat Oct 10, 2020 6:13 am

No, they would have to buy the lease from us
http://www.speedtest.net/result/1857407490.png

keptinthedarkfans
Posts: 1066
Joined: Mon Jan 21, 2013 2:11 pm

Re: Wigan Athletic sold to a Spanish group

Post by keptinthedarkfans » Sat Oct 10, 2020 9:04 am

pedro wrote:
Sat Oct 10, 2020 6:13 am
No, they would have to buy the lease from us
The land belongs to council and it is a legal requirement as part of that lease both clubs share the amenities. Lenegan when he bought club in 2007 signed a 25 year lease. And nothing can change in that time however the new buyers can adjust rent after that period. But as long as the council hold the land both clubs can't be evicted by any new owner and my understanding of it they won't sell leasehold at any price .

josie andrews
Posts: 26298
Joined: Sun Jun 10, 2007 10:17 pm
Location: Wigan
Contact:

Re: Wigan Athletic sold to a Spanish group

Post by josie andrews » Sat Oct 10, 2020 10:12 am

Lease ensures Wigan Athletic and Wigan Warriors carry on sharing DW Stadium

The DW Stadium will continue to be used by Wigan Athletic and Wigan Warriors if the takeover of Latics goes ahead.


Administrators have struck a deal to sell the League One club to Spanish businessman Jose Jose Miguel Garrido Cristo.

The EFL is currently doing its due diligence, but the likely change of ownership has raised questions in some quarters about whether the current agreement - with two clubs playing at the DW - will carry on.

If the bid is successful, Latics' new chiefs would also take ownership of the stadium (either under Latics' banner or in a separate stadium company) - but Wigan Council would still be the landlord (land owner)

https://www.wigantoday.net/sport/rugby- ... um-2997623
Anyone can support a team when it is winning, that takes no courage.
But to stand behind a team, to defend a team when it is down and really needs you,
that takes a lot of courage.

Charriots Offiah
Posts: 110
Joined: Fri Sep 18, 2020 1:14 pm

Re: Wigan Athletic sold to a Spanish group

Post by Charriots Offiah » Sat Oct 10, 2020 12:47 pm

They are buying Latics as a business, they need us to support their financial position.

Post Reply