Connect with us

English Football League

Major blow for future of Wigan Athletic

The club’s administrators have today released an announcement which is a major blow for the future Wigan Athletic.

The Latics have been up for sale since falling victim to one of the greatest sporting scandals of all time, and currently sit 22nd in the EFL League One table.

Wigan Athletic: who will buy this football club with a stadium and chip shop

Wigan had been due to be under new ownership around the Christmas period, with interest from a Spanish group led by Leganes president Felipe Moreno Romero.

Unfortunately for the Latics, administrators had to break off negotiations with the Spanish group after the offer was reduced by almost 50 per cent.

A statement released on the club’s website says that would have resulted in Wigan being unable to pay non-football creditors and bring a 15-point deduction that would all-but guarantee relegation to League Two, having already been dealt a 12 point deduction at the end of last season, ultimately resulted in their relegation.

The sale of the club had first been agreed on September 30th, however the offer had to be restructured after the EFL rejected the takeover proposal in early December. The consortium has said EFLs legal requirements had not been satisfied.

It was hoped the creation of a new company, FLM Wigan Athletic Limited, would clear the way for a deal to be concluded but attentions have now been switched to alternative bidders.

–Joint administrators Statement–

As of 11 am today, the Administrators have broken off negotiations with the Spanish bidder.

The facts are that as late as Christmas Eve the Bidder indicated that they wanted to complete the deal immediately and had wired money from Spain to their UK solicitors.

This was confirmed as being received by their solicitors over the Christmas period.

The sale contract was agreed, the documentation had been signed in relation to the assignment of the leases with the Council (Stadium) and College (Training Ground) and completion was planned to take place in between Christmas and New Year. 

However, over this weekend we received a letter from the Bidder reducing the bid by almost 50%. 

This would not allow us to pay non-football creditors the required 25p in the £ to avoid further sanctions against the Club.

This would result in a 15 point deduction and would effectively relegate the Club to League 2.

The Purchaser was insistent on offering the reduced price but was not prepared to conclude the deal unless the 15 point deduction was waived. 

Under the EFL insolvency policy, this is not possible and the deal is therefore unable to be concluded.

We have informed the EFL and are now starting to talk to other bidders who have expressed interest and will provide an update when there is any definite news.


To understand how Wigan came to be in such a precarious position read @marksparko’s twitter thread below…

What happens next?

Wigan have been in desperate need of new owners since they were placed in administration when still a Championship club last season. A fire-sale of players has followed and Wigan have struggled at the foot of the League One table.

The administrators, however, are hopeful alternative buyers will now fill the void.

“We have informed the EFL and are now starting to talk to other bidders who have expressed interest and will provide an update when there is any definite news,” a statement added.

Fans have taken to social media to give their opinions…

Click to comment

You must be logged in to post a comment Login

Leave a Reply

More in English Football League