Supporters Update 22/1/21

Please see below an update from the Supporters Club, following the latest statement from the joint administrators

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After the release of the latest administrators’ progress report earlier this week, the administrators’ fee estimates have been widely reported and challenged over social and mainstream media. The original estimates have been in the public domain from the beginning of the process, and the Supporters Club have shared our concerns over these costs on many occasions. 

Having made a number of enquiries on this matter over the course of the administration, we have been advised that the administrators are working in line with current regulations. On several occasions we have voiced the supporters’ views that there are serious flaws in those regulations regarding administration in football – particularly relating to the manner in which the club was placed into administration from the outset. Discussions are ongoing with the EFL and the Football Supporters Association, to establish how fans can instigate or support a campaign for changes to be made, with the aim of preventing similar problems for other clubs in future.

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We are also aware of the worry caused this week, following reports of an interested party exiting the bidding process.

We must reiterate that the Supporters Club is unable to comment on the details of any individual party or bid. However, since the administration period began, we have been aware of interested parties who have withdrawn or failed to proceed with bids for many different reasons. Every one of these has been a blow to our hopes for progress in the purchase of the club, but the Supporters Club has always kept the same determination to help find a bidder who is credible and fully committed to completing a bid to secure the future of our football club. 

Having been in contact with the administrators throughout the week, we are encouraged by today’s update regarding progress with bids and proof of funds, and can confirm that we are aware of the interested parties who remain in talks. We have been promised further information regarding bids before any exclusivity agreements are entered into, and we expect further updates from the administrators in the coming days.

As shared in previous statements, we are also continuing to work with local investors and stakeholders to progress the ‘Supporters Solution’. Further meetings are ongoing as we continue to review funding options and structures in case this solution is required.

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As fans we understand the need for hope, especially during these difficult times for the club – so please keep the faith. We will continue to work on your behalf and will do everything in our power to ensure that a positive solution is found, and we will provide further updates through our website and social channels as soon as official and verified information can be shared. 

Thanks as always for your support.

From all the team at Wigan Athletic Supporters Club.