I saw a report that had Gerald Krasner’s name all over it...

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> On 3 Jul 2020, at 23:10, Kevin Lewis (UK SBS) <kevin.le...@uksbs.co.uk> wrote:
> 
> Thanks for pointing me at that article John, It kind of explains why it 
> seemed so sudden to me.  I had not heard that Wigan were in excessive 
> financial trouble, and it seems that nobody else had either.
> 
> It appears that whilst they were living beyond their means, they were not 
> doing so more than any other Championship Club.
> Yes we all know the penalty for Administration, but it seems a bit poor for 
> the EFL to approve a takeover one week, then the club goes into 
> Administration the next.
> 
> We all know their tests are not up to much, but the Guardian found out pretty 
> quickly that one individual owned over 50% in both companies in the previous 
> sale of the club.  Surely that should ring a bell or 2.
> 
> In reality, anyone buying a club should have to prove/pledge/put aside enough 
> money to buy the club, clear its debts and operate it for a year at the 
> current rate of loss.  This fund could be monitored by an independent 
> authority.
> 
> Anyway, tough on Wigan, but we’ve been there!
> 
> KOT.
> 
> 
> 
> 
> 
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