Wigan announce sale of club to Phoenix 2021 Limited
Wigan have announced they have agreed the sale of the club.
The Latics, who went into administration last summer, with the subsequent 12-point deduction relegating them to League One, said in a statement that an agreement had been reached with Phoenix 2021 Limited.
The deal is expected to be completed by March 31 at the latest.
The club 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.
“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.
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“The outstanding matters that need to be finalised to allow completion are practical matters around EFL membership and property transfers.
“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.
“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.
“We have also been working closely with the EFL in relation to the sale and liaising regularly with the official supporters club