Wigan Warriors • Re: Latics in administration - Lenagan leading bid
100% Warrior wrote:
We’re not at the mercy of anyone. We have a 50yr lease, if they want us out of that then they have to buy us out of it. We’ll claim astronomical sums to be bought out of it, enough to buy land and build our own stadia. Latics can’t survive in a 25k seater without us and vice versa. Both clubs need the other.
If the latics go bust and are bought out of administration (phoenix company) is the lease stil valid? all other contracts are null and void, if they form a Newco to run latics they would be our new landlords, so could renegatiate, in the same way we would have to negotiate a lease with the latics if they are split up for thier assests and the just the football club is bought out of administration
Statistics: Posted by Lazy J — Fri Aug 28, 2020 3:19 pm