Wigan Athletic administrators agree deal with ‘bidder from Spain'
Begbies Traynor confirmed a ‘substantial deposit’ has been handed over
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Wigan's administrators have reached an agreement with a "preferred bidder from Spain" to purchase the beleaguered Sky Bet League One club.
Begbies Traynor confirmed a "substantial deposit" has been handed over, while the bid also includes a payment to creditors which means the Latics avoid a 15-point penalty in the ongoing campaign.
A statement on the club website said: "We are pleased to announce that we have reached agreement with a preferred bidder from Spain.
"The offer that has been accepted deals with not only the sale of the club but also allows the payment to non-football creditors to avoid the 15-point penalty this season.
"In addition, a substantial deposit has been received. We are now working with our lawyers and the bidder to produce all of the necessary paperwork to submit to the EFL so that successful transfer of the football share can be made at the earliest opportunity.
"The preferred bidder who has experience in football has made it plain that they do not wish for their details to be made public until such time as the sale is completed and we are respecting this anonymity. No further details will be released until EFL approval has been obtained."
PA
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments