Gerald Krasner provides update on Wigan Athletic takeover

It’s almost a month since the offer from a Spanish bidder was accepted, with Krasner saying the matter would be sorted by the end of October.

The EFL have been taking their time conducting their due diligence, leading to speculation some potential problems had been unearthed.

“I’ve not heard anything back yet,” said Krasner. “But I presume they will talk to us when they are ready to talk about it. And I think the EFL have got a number of major problems at the moment, as well as Wigan.

“We are still on talking terms with the bidders. But I’m not going into the details of what those discussions have entailed."

It's understood some staff have been informed of a proposed 30 per cent cut in their wages, with a question mark also hanging over the long-term future of the club’s Academy.

It’s also not clear how much – if any – involvement the Supporters Club would have, despite having raised around £800,000 to save the club.

When asked whether it was his job to look after the best interests of the club or the creditors, Krasner replied: “I have a duty to sell the football club for the best possible price, and that’s what we’ve done. I’m not a moralist.”

It’s understood a couple of other groups – one involving former executive chairman Darren Royle – are waiting in the wings to pounce if the EFL flags up an issue.

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