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Wigan Athletic Confirm New Owners Take Over


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1 hour ago, Lucas said:

Literally, all the reviews are positive, like this kid is something special. Never seen him play but it's exciting to see what Bielsa could do with him. 

I got to say though, it's never right that clubs can be vultures and pick off all the assets another club has so cheaply, particularly when they are in admin and you have them over a barrel money wise. It's brutal but football is so cut throat.

It's happened to us so I do feel for Wigan losing two or three stars for peanuts. I think one went to Spurs and another to Brighton. Probably going to lose out on a good whack of money there for developing talent.

Gelhardt ends up being great on Football Manager if that helps. :ph34r:

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I do really worry for them long term. Not only have they lost the core in Dunkley, Morsy and Kipre for rather measly prices but the likes of Jacobs haven't had their contracts renewed. Not to mention the next wave of talent have been snapped up elsewhere. Evans and Garner must have looked round the dressing room at the start of the month and wondered how they'll get a squad together.

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Wigan Athletic: Takeover of administration-hit club breaks down

The prospective takeover of Wigan Athletic by a Spanish consortium has fallen through.

The club's administrators announced they had ended negotiations with the consortium on Tuesday morning.

They said in a statement that the bid had been reduced by almost 50% over the weekend and proceeding with it would have resulted in a 15-point deduction for the League One club.

Wigan is currently 22nd in the table, two points adrift of safety.

More to follow.

https://www.bbc.co.uk/sport/football/55547220

 

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Wigan Athletic: Abdulrahman Al-Jasmi has takeover of League One club agreed

Financially troubled League One club Wigan Athletic have agreed on a takeover with a consortium led by Bahraini businessman Abdulrahman Al-Jasmi.

The move comes after months of uncertainty at the club, which has been in administration since July 2020.

The Latics' financial problems went on to lead to their relegation from the Championship last season.

The takeover, which remains dependent on English Football League approval, is hoped to be completed by 31 March.

Talal Al-Hammad, who is set to come in as chairman, says the incoming owners want to "restore pride and belief" at the club.

Wigan's prospective sale to Phoenix 2021 Limited, owned by Al-Jasmi, comes after a deal with a Spanish consortium fell through at the start of January, after it was initially blocked by the EFL.

Pressure had increased on the need for a potential deal to be completed as EFL rules prevent clubs from starting successive seasons in administration.

A total o11 parties were reported to be interested in a takeover prior to Al-Jasmi's bid, leading to Monday's deal.

Wigan, who are 21st in League One as they look to avoid a second straight relegation, are still without a permanent manager after John Sheridan left to join Swindon Town in November.

Earlier this season, fans raised more than £650,000 to try to protect the club's future as a takeover saga continued.

Al-Hammad, speaking on behalf of the club's board, said the Al-Jasmi-led group are "excited" about the future but are aware they "will have to earn" the trust of supporters "through actions rather than words".

"To Latics fans everywhere, we can only guess at the amount of hurt and distress you have felt since the club entered administration and it is now our focus to stabilise its future and to illustrate why we believe we are the best ownership group for the club," he said in a statement.

The club's joint administrators said in a statement they are in the "process of finalising the transaction", with contracts exchanged and a deposit received.

"The sale allows for non-football creditors to be paid a minimum dividend of 25p in the pound which avoids a 15-point penalty deduction for the club which improves the prospect of remaining in League One this season," they added.

https://www.bbc.co.uk/sport/football/56403096

 

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