I remember Ryan Lowe( ex manager, now at Plymouth???) he was speaking on a footie show and said when he took over at Bury, he sent the loan players back and saved the club £1M.....at Bury!!!!
Isn’t the limit 5?
Interesting article in the FT on Wigan.* I could not get back on the article to post as its dropped behind the paywall after I read it. From memory this is the gist.
Nov 2018 Whelan sold to Choi of International Entertainment Corporation (IEC) in a £22m deal. On 20th June 2020 Choi sold to another company, New Leader Fund (NLF) in a £40m deal. NLF is owned by Yeung but Choi had an interest.
IEC were applying for a licence to open casinos in Thailand. Thai regulator would not allow the licence if IEC had an interest in owning Wigan. Added to this its shareholders questioned whether they should spend money on Wigan during the downturn. Its why Choi sold.
Soon after NLF aquired ownership of Wigan, Yeung bought Choi out of his interest in the company.* Despite spending £40m on the club, Yeung had a change of heart; blaming Covid for the downturn, he refused to invest further in the club and placed it in adminastration.
Parry commented that all parties passed fit and proper test and NLF had demonstrated they had sufficient funds to run the club.
Got the FT link.
https://www.ft.com/content/7c43981e-...f-2437841d178a