", Coronavirus LIVE as Chancellor extends furlough until March as England lockdown hits, The NHS has been moved to the highest state of alert as hospitals struggle to manage rising numbers of patients, Manchester Arena bombing inquiry: Live updates as hearing continues, Miriam Stone, the Arena's head of events, is due to begin her second day of evidence, Demolition of Piccadilly Gardens' hated 'Berlin Wall' will start in days, council confirms, “This is the news that everybody in Manchester has been waiting for. Wigan administrators set strict deadline of 31 August for potential buyers.
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The … “Talks are however continuing with serious bidders with a view to bring a successful sale to fruition,” the statement said. The Championship club entered administration on Wednesday and are set to be handed a 12-point penalty by the EFL once the season has been completed. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on WhatsApp (Opens in new window), Download the talkSPORT app NOW – the best way to listen live, led by former Leeds United chairman Gerald Krasner. Filter appointments Filter appointments Current appointments Total number of appointments 5 Date of birth February 1976. But the club were placed into administration on 1 July, and were subsequently hit with a 12-point penalty which saw them relegated to League One at the end of the Championship season. Au Yeung Wai Kin (歐陽偉健) and Fan Wai Chung (樊慧中)were married couple contestants, who appeared onBaak Maan Fu Yungand won HK$500,000. Create a commenting name to join the debate, There are no Independent Premium comments yet - be the first to add your thoughts, There are no comments yet - be the first to add your thoughts. Removal of the debts should make the club a significantly more attractive proposition for any potential new buyer to take on. "In addition, we will also engage with the appropriate supporter groups, local politicians and other key stakeholders as appropriate to assist in helping achieve a long-term stable future for the club and its local community. Start your Independent Premium subscription today. The administrators hope to settle on a preferred bidder by July 21.
Au Yeung Wai Kay. Before concluding on their owners’ and Directors’ test: “Under EFL Regulations, it is a requirement that the self-certification Owners’ and Directors’ Test is completed by every prospective new owner and relevant person seeking to gain control of a club. “The test sets out an objective set of Disqualifying Conditions. Please be respectful when making a comment and adhere to our Community Guidelines. According to Begbie Traynor “no credible bid” has been received from the pair.
Manchester United news and transfers LIVE Man Utd vs Istanbul reaction plus Pochettino latest. Administrators working to save Wigan have said the former owner Au Yeung Wai Kay has agreed to waive debts of around £36m owed to him by the club. Wigan owner Au Yeung Wai Kay has waived a total of £36m in debts owed to him by the troubled club, removing the threat of a further points penalty next season as administrators try to find a new buyer. I’m going to mark it on my calendar.
The EFL have hit-back at claims from Wigan Athletic’s owner Au Yeung Wai Kay's that the club's demise was down to the coronavirus pandemic. All you need to do is click on this link, enter your email address, and select 'MyWigan News'. Former Wigan owner Dave Whelan reacts to the club going into administration: I’m shocked, totally shocked! The full written reasons for that penalty, published on Monday, included the revelation that Yeung had enquired about putting the club into administration before he had completed his takeover on 24 June. Latest Stories. 30 Oct 2020. Follow the latest Man Utd news as the Reds' focus turns to Saturday lunchtime's meeting with Everton at Goodison Park.
Wai Key Au Yeung is on the board of Hang Yick Holdings Co., Ltd. and Member of The Institution of Engineers Australia, Member of Hong Kong Institution of Engineers, Member of The Institution of Structural Engineers and Member of The Institution of Civil Engineers. Football finance – How the EFL can build a bridge to post-Covid sustainability and profitability. “However, if the Club is not in the relegation places following the final game of season, the sanction will then be applied to their season 2019/20 total and final league standings amended as appropriate. Begbies Traynor are understood to be in discussion with several parties, but there is no preferred bidder, with sources suggesting any progress is uncertain in a constantly changing environment. However, the club’s administrators confirmed earlier today that they have launched an appeal against Wigan’s impending 12-point deduction.
A statement from club administrators Begbies Traynor said:external-link "Mr Yeung has co-operated fully for the benefit of the club and has agreed, in order to ensure the survival of the club and to give the administrators the best possible chance to agree a sale, to waive his rights to the repayment of the debts owed to him and to his companies.". "The EFL has engaged with the administrators and their advisors and is continuing to provide its full support in all ongoing matters, particularly how it can work through the requirements of the insolvency policy and assist the club in exiting administration at the earliest opportunity. Our. The funds will also help pay creditors their minimum return as the Latics try to avoid further sanctions next season. Mr. Finance & Law; Wigan Athletic FC; Read Next. The English Football League have strongly rejected claims by Wigan Athletic’s owner that the coronavirus pandemic is to blame for him putting the club into administration. Au Yeung Wai Kay is the General Partner of the limited partnership." “The EFL acknowledges it is a difficult time for any club placed into administration, particularly in the midst of COVID-19, but is mindful its regulations are to be applied consistently and equally to all member clubs irrespective of the circumstances.
Last weekend, Yeung was revealed to have made inquiries about putting the club into administration last May, days before he completed his takeover. The latest rumours and stories from around the world of football. Wigan owner Au Yeung Wai Kay has waived a total of £36m in debts owed to him by the troubled club, removing the threat of a further points penalty next season as administrators try to find a … On 24th June, NLF switched hands to a new majority stakeholder, Au Yeung Wai Kay. “In 2018 the EFL conducted an Owners’ Conduct Review, which in part looked at making a number of fundamental changes to the criteria and whilst some amendments were made at the time, it is clear that the appetite has been strengthened by the circumstances that led to the withdrawal of Bury FC from the League, and the lessons learned from the subsequent review into the conditions that led the club to that position. Last modified on Sun 23 Aug 2020 15.24 EDT. It comes as reports of a new offer to take control of the club were dismissed and as uncertainty grew over the outcome of the administration process. This process was completed during the recent change of control at Wigan Athletic, and Mr Au Yeung Wai Kay was not subject to any disqualifying conditions. You can also choose to be emailed when someone replies to your comment.
(@marksparko) July 3, 2020 Please continue to respect all commenters and create constructive debates. Get regular updates from Wigan direct to your email inbox with the free MyWigan newsletter. "The EFL understands this situation once again leads to questions being asked about EFL regulations in regard to changes of control, alongside the actions taken when an insolvency event occurs, and as a result has opted to clarify each matter below: While the EFL also included the following on their insolvency policy: “In all circumstances a sporting sanction applies in respect of an insolvency event (default 12-point penalty). Government clarifies lockdown stance on buying non-essentials at Asda, Tesco, Aldi, Morrisons, Sainsbury's and Lidl, Supermarket rules have changed now England is in lockdown, US election 2020 results LIVE: Biden declares 'we believe we will be the winners' as counting continues, The latest US presidential election news, updates and state-by-state results as they are announced, All the new rules Tesco, Aldi, Asda, Lidl, Sainsbury's and Morrisons shoppers must follow now England is in full lockdown, The full list of strict new rules you have to follow if you want to enter a supermarket during lockdown, The facts about Coronavirus according to the man who runs the NHS, NHS chief executive Sir Simon Stevens said that if left unchecked the virus will disrupt care, First look at the family homes that will form part of Salford's new £120m neighbourhood, Castle Irwell is Salboy's latest development on the former Manchester Racecourse site - with the first homes on track to be occupied in March 2021, You will be fined £200 if you are caught going on holiday in lockdown, New lockdown rules mean leaving home in order to travel for holidays is no longer permitted, Manchester University installs new 'lockdown fencing' and security checks around Fallowfield campus, One parent said they are being 'penned in like animals', Boris Johnson coronavirus press conference RECAP as new lockdown begins in England, The Prime Minister will address the nation live from Downing Street, Mum of ex-Corrie star arrested after trying to remove 97-year-old gran from care home before lockdown, Leandra Ashton posted distressing footage of her retired nurse mum packed into the back of a police while her dementia-stricken grandmother sat in the front seat of the family car as the vehicle was surrounded by police, Insiders say the United hierarchy were privately backing Solskjaer - until Wednesday night's shambolic Champions League defeat, Empty again - Manchester's streets are ghostly quiet as second 'stay at home' lockdown starts, Just 24 hours ago there was a last-minute frenzy of activity, now the city is almost deserted, Rishi Sunak announces huge extension of job furlough scheme, The 'Black Widow' who killed one husband, violently attacked another - then seduced her step-son and stabbed HIM, “She seduced me and even though it felt wrong, I went along with it.