Wigan Athletic go into administration

Ruben Hill
July 5, 2020

Championship side Wigan Athletic have become the first professional football club to enter administration amid the Covid-19 pandemic, despite the resumption of competition behind closed doors.

It is, after all, only four weeks since the league signed off on the takeover of the club by Next Leader Fund (NLF), a limited partnership headed by Hong Kong businessman Au Yeung Wai Kay.

Whelan and his family sold their stake in the club to the Hong Kong-based International Entertainment Corporation (IEC) in November 2018.

"We understand that everybody connected with the club and the wider football world is seeking clarity on the future of Wigan Athletic".

Krasner, Paul Stanley, and Dean Watson from Begbies Taylor have been appointed as joint administrators of the club, with Krasner saying the interested parties must now show proof of funds for at least 10 million pounds ($12.51 million).

Expressing shock at the news, Whelan said he would "see if I can help in any way, shape or form", while joint administrator Gerald Krasner said they had been inundated with expressions of interest from potential investors but would need to move quickly to rescue the club.

"It is a fast-moving situation and we will provide updates on key developments".

Local millionaire Dave Whelan, head of the JJB Sports empire, buys the club and declares his intention to lead them into the Premier League. "I don't know what's gone wrong". I'm 83 and I have no idea about the depths of the club's financial problems and how much they owe...

Dave Whelan was the owner who gave the club a boost, taking Wigan from League Two (Fourth Division) to the Premier League.

In a statement the EFL said: 'As a result of Wigan Athletic confirming they have entered into administration, the club will be subject to a 12-point deduction and, in accordance with EFL regulations, the timing of the sporting sanction can only be determined once final league placings in the Championship are determined'.

"You can't blindly make commitments to bail a business out come what may".

Wigan is now 14th in the Championship with 50 points, eight points clear of the relegation zone with six games to play.

Other reports by Click Lancashire

Discuss This Article