Priority is finding a buyer...then the investigation into Wigan Athletic sale...

The administrators of Wigan Athletic say an investigation will take place in due course into how the club ended up in this position, but that the immediate priority is to find a buyer.
The DW StadiumThe DW Stadium
The DW Stadium

The Championship side were placed in administration on Wednesday and face a 12-point deduction, though when that sanction will be applied will depend on where the Latics finish in the league.

A deal to sell the club from the Hong Kong-based International Entertainment Corporation (IEC) to the Next Leader Fund was only formally completed on June 4, and administrator Gerald Krasner of insolvency practitioner Begbies Traynor said that the events of the last few weeks must be looked at in time.

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Asked how unusual a club being placed in administration four weeks after a sale was, he said: "I think that's a first and that will have to be looked at in due course.

"But my priorities at the moment are to get this club sold and make sure we get to the end of the season so that there is a club next season.

"Every administration I've been involved in - and even Leeds United which wasn't an administration - has its peculiarities.

"But I think four weeks is a record that will stand for some time."

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Krasner added: "It has been run in a good way but it's lost a lot of money. They (the board) had a plan and the owners have said 'We're not putting any more money in' hence I'm sat here today."

Krasner said there had already been 12 expressions of interest, but he expected that number to fall once proof of funds were expected.

Former owner Dave Whelan, who sold to IEC in November 2018, said on Wednesday he would help out if he could, and Krasner said he was due to speak to Whelan's grandson David Sharpe on Thursday to discuss what form that help might take.

"What we need is money, to put it basically," Krasner said.

Much has been made of Wigan being the first club to enter administration since the start of the coronavirus crisis, but Krasner agreed it was too simplistic to solely blame the pandemic for what had happened.

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"The coronavirus doesn't help and whether that made the owners' decision not to put money in I don't know," he said.

"But I don't blame this entirely on the coronavirus. I think it's just an element in the problem."

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