To save Wigan Athletic from being liquidated, the Latics’ supporters’ club has pledged to raise £500,000 by the deadline set by the administrators, 31 August. Additionally, Chelsea ace player Reece James has publicly asked for open support for the club on Twitter. The supporters’ club has already managed to raise more than £100,000 of their £500,000 target within 24 hours of launching their pledge.
What is the Administration saying?
The administrators, Begbies Traynor are also hopeful that the takeover deal will successfully happen before the deadline. Gerald Krashner from the administration has assured four bidders who are willing to take over Wigan Athletic saying, “I’ve got what I call the front-runners. I’ve got two different groups of Americans and I’ve got two UK bidders. “
“One of the UK people has got the wherewithal to do it, but has got certain conditions, so we’re still talking to these people and I’m still somewhat optimistic that ultimately one of these deals will come to fruition.”
Krashner has also added that any prospective owner would need £4m to complete a takeover which would include the DW Stadium, valued at £3m, plus the training ground.
What lies in the future for Wigan Athletic?
It has also been reported that the co-owner of Tampa Bay Rays has expressed his wish to draw a £4million deal to save the club. Randy Frankel, working alongside former Rays vice-president Michael Kalt, is said to be prepared to shake hands on a package that would give the Latics a chance in League One. The pair are said to be joined by Gauthier Ganaye, the executive president at Oostende in Belgium, who will look over the football side of the business.
However, despite the claimed ongoing discussions with bidders regarding the sale, nothing remains certain unless one of the bidders agree to the contract terms. The club’s position will have their position reconsidered accordingly in September, ahead of the 2020/21 Sky Bet League One campaign. Wigan’s relegation to League One was confirmed after the club lost its appeal to a 12-point deduction. The club was handed the deduction for entering administration in July and was relegated by on-field results.
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