A takeover of Wigan Athletic has begun as the sale of the football club is now underway, joint administrators have confirmed. The long-running Wigan Athletic takeover saga could finally be coming to an end after it was revealed that a new owner from the Middle East is in talks with the EFL to buy the club. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. “The sale allows for Non-Football Creditors to be paid a minimum dividend of 25p in the £ which avoids a 15 point penalty deduction for the Club which improves the prospect of remaining in League One this season. Richard Bramwell, who was Wigan's chief financial officer from 2013-20, and Malachy Brannigan, formerly of Sheffield United and Derby, are two members with football experience. WIGAN ATHLETIC are set to be taken over by Bahraini-funded group Phoenix 2021 - and backed by solid Middle East cash. WIGAN ATHLETIC are set to be taken over by Bahraini-funded group Phoenix 2021 – and backed by solid Middle East cash. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Wigan caretaker boss Leam Richardson could soon see financial stability off the pitch for the second-bottom League One club, David Marshall shows his goalkeeping skills as he joins in training at Wigan, Celtic are reportedly closing in on Wigan striker Kyle Joseph, Independent Press Standards Organisation (IPSO). They have had a difficult season so far in League One and are currently 21st in the division. Home shirt leaked, Odegaard Real saga LATEST, Gunners in for £17.2m Berge, Ronaldo fuels Juve exit talk as £17m fleet of supercars are loaded on to lorry, How Harry Kane would slot in at Prem rivals as stats show Man Utd are best fit, Watch Chelsea & Leicester in 30-MAN BRAWL as clubs face FA charge, ©News Group Newspapers Limited in England No. FREE BETS: GET OVER £2,000 IN SIGN UP OFFERS HERE, ⚽ Read our Football live blog for the very latest news from around the grounds. Wigan were relegated from the Championship at the end of last season. A statue of the former owner Dave Whelan with the FA Cup outside Wigan Athletic’s stadium. The takeover of Wigan Athletic by Bahraini-funded group Phoenix 2021 Limited has been completed. Phoenix 2021 Complete Wigan Athletic Takeover as New Era Beckons The New Owners at Wigan Talal Mubarak Al Hammad is a Bahrain businessman who is registered as chairman for Phoenix 2021. Incoming chairman Mr Talal Al Hammad said that the takeover is the start of a new era at Wigan Athletic and that he feels excited to take up the challenge. Wigan Athletic: Proposed takeover of League One club collapses. Phoenix 2021 have completed the Wigan Athletic takeover, chaired by Talal Mubarak Al Hammad, promising a much “healthier and stable” future for the club. “The outstanding matters that need to be finalised to allow completion are practical matters around EFL membership and property transfers. Furthermore. 06/03/2021. The protracted sale of Wigan Athletic to Spanish buyers has fallen through, the club’s administrators have today confirmed, reports Philip Buckingham. A letter from the new chairman Talal Al Hammad said: “I am pleased to announce that we have finally signed the Purchase Agreement for Wigan Athletic Football Club, between Phoenix 2021 and the Joint Administrators. But the Daily Mail suggest the Hoops are set to tie up a pre-contract deal with the London-born ace. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. ... has provided an update on the current takeover saga. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Wigan Athletic already has a strong association with Spain. Talal Mubarak Al Hammadi is lined up to be chairman, with a British group of advisers headed by former chief executive Mal Brannigan and computer expert Tom Markham. “The Phoenix management team and I look forward to finalising the outstanding matters. Wigan Athletic agree takeover deal. Wigan Athletic have officially gone into administration - despite new owners stepping in as recently as June. By Simon Stone BBC Sport. The Bahraini-funded group Phoenix 2021 are set to complete the takeover of Wigan Athletic. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. WIGAN are a takeover target for a mystery Bahrain group who want to save them from their current crisis. A statement on the website said: “We have agreed a sale of the club and related assets to Phoenix 2021 Limited and we are in the process of finalising the transaction. He grabbed his first goal in the win at Sunderland in December. Wigan Athletic hope the imminent takeover of the League One club represents the start of a new era following a year of turmoil. “I would like to take this opportunity to give my appreciation to Mr. Abdulrahman Al-Jasmi, the owner of Phoenix 2021 and Europa Point Investment Corporation (EPIC), his investment team in Gibraltar and the Phoenix Management Team as they showed full support of this opportunity from the beginning and their commitment led to this remarkable outcome. Wigan Wigan Athletic have been in administration since 1 July 2020 The prospective takeover of Wigan Athletic by Leganes owner Felipe Moreno has fallen through. And he soon impressed the ever-increasing number of scouts with a hat-trick against Burton. To see all content on The Sun, please use the Site Map. Wigan Athletic: Roberto Martinez assisting with takeover of former club. Wigan Athletic’s prospective takeover is off, with the League One club claiming that the Spanish bidders reduced their offer by almost 50%. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. A group fronted by former Manchester United and Everton star Darron Gibson has emerged as the new favourite to buy League One side Wigan Athletic, Matt Slater can reveal. The message boards and social media have been awash with concerns about the impending takeover with performances on the field of play getting progressively worse. Hammad said that the fans have stayed with the club through a very dark period and the ownership group will do all they can to make sure the future of Wigan is a much healthier and stable one. The uncertainty about the future of Wigan Athletic has posed a challenge for us all: both supporters and those within the club. They have exchanged contracts for a takeover by Abdulrahman Al-Jasmi and his organisation Phoenix 2021. “I am grateful to Wigan Council, the Supporters Club, and the Joint Administrators, as we would not be where we are today without your support and cooperation. To inquire about a licence to reproduce material, visit our Syndication site. The takeover of Wigan Athletic by the Phoenix 2021 consortium is expected to be completed in the next 24 hours. Meanwhile, Celtic are reportedly closing in on Wigan striker Kyle Joseph, 19. Rumours as to what caused WAFCL to enter administration abound. Wigan Athletic, who currently sits two points adrift from safety in the third-tier, have been in administration since July. Talks have been going on for months but only came to a head when Wigan failed to do a deal with a Spanish group. Ganaye is chief executive at Belgian side Oostende after previous spells in senior roles at Barnsley and Fren… Deeper insight. “Contracts have been exchanged, a deposit has been received and it is envisaged that the sale will be completed by 31 March 2021 at the latest. Your teams. The loss to Chorley was a bitter pill… View our online Press Pack. Joseph has made a huge impact since making his Latics debut in October. Wigan Athletic's administrators have announced they have agreed a deal for the sale of the club. Europa Point already have a football team while Al Jasmi has years in the financial world in the middle east - but Al Hammadi will be the 'face' of the group. For other inquiries, Contact Us. The prospective takeover of Wigan Athletic has been blocked after the EFL said the new owners "failed to satisfy the league's requirements". Last updated on 6 November 2020 6 November 2020. The League One strugglers should finally emerge from their administration… The source of the cash has been verified by the EFL who were keen to be sure that the money was clean during extensive tests. “A further announcement will be made on completion of the sale.”. Phoenix 2021 is based in Manchester but owned by a Gibraltar firm Europa Point Sports and wealthy former investment banker Abdulrahman Al Jasmi also has a 'significant interest' in the background. “I am looking forward to visiting Wigan in the near future and I wish the club and the town prosperous years ahead.”. This will enable us a speedy completion thus allowing us to be the new custodians of this reputable football club. GAUTHIER GANAYE has emerged as a shock late bidder to save crisis club Wigan Athletic. The Phoenix 2021 Limited group have become the new owners of Wigan Athletic. “We have also been working closely with the EFL in relation to the sale and liaising regularly with the Official Supporters Club. my most heartfelt thanks go to the valued supporters and employees for their devotion and patience. Football. 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The Spanish … Tom Markham, meanwhile, is a football finance expert who has advised Football Manager, Arsenal and others. The takeover of Wigan Athletic has been completed, the Football League has confirmed, with a transfer of assets and ownership to Phoenix 2021 Limited. Wigan Athletic's administrators have announced they have agreed a deal for the sale of the club. The takeover of Wigan Athletic by a Spanish group is moving closer to completion after a new company which would run the club was registered at companies house. Wigan Athletic AFC Ltd (“WAFCL”) entered administration on 1 July 2020, just 27 days after a takeover had occurred. But they are only in the bottom four on goal difference and have a game in hand on Northampton, who are in 20th. “We are working with the Purchaser and their management team to ensure that the sale of the club concludes as soon as possible to allow some much needed stability both on and off the pitch. Phoenix 2021 Limited have completed their acquisition of Wigan Athletic, 272 days after the club first entered administration. The League One strugglers should finally emerge from their administration nightmare after a deal was agreed at around £3 million to pay their bills in full. Wigan Athletic have become the first professional club in England to fall into administration during the Covid-19 crisis, only four weeks after a … Paul Stanley, managing partner of Begbies Traynor insolvency practitioners and joint administrator of the Latics, confirmed that the takeover plan has been given as ‘green a light as … Better access. If Joseph moves, Wigan will be entitled to compensation, although his contract expires in June. The Scotland Under-19 star has also been linked with Tottenham, Arsenal and Rangers. This article provides a complete timeline of events leading to WAFCL entering administration, and considers those events Australian government to start repatriating citizens stuck in India as soon as flight ban ends. Oliver Gottman is an accountant based in Marbella. Wigan Atheltic have finally agreed a takeover deal for the club with Bahrain businessman Abdulrahman Al-Jasmi after months of being in administration. An … The Latics are at risk from relegation as they are just inside the relegation zone. Tue, 16 Mar 2021 Tue, 16 Mar 2021. From the section Wigan. Major Wigan Athletic takeover update emerges Ben Wignall. League One club Wigan Athletic have appointed a new-look board of directors which they hope will lead the club back up the football pyramid following their takeover by a consortium led by Bahraini businessman Abdulrahman Al-Jasmi. A new party has emerged as the administrators of Wigan Athletic FC continue to search for an owner. “We understand the significance of the responsibility we will hold as the owners of Wigan Athletic Football Club and we will work to earn your trust.

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