Wigan Athletic takeover: Exclusivity extended after 'substantial progress made with Council'

Administrators Begbies Traynor have reported 'substantial progress' having been made between the Spanish bidders for Wigan Athletic and the Council regarding the lease of the DW Stadium.

Friday, 20th November 2020, 5:11 pm
The DW Stadium

And with the EFL having now received the last piece of paperwork requested - along with proof of funds of £5million - the Spanish have been granted another extension to their exclusivity, with a takeover seemingly within touching distance.

"We are pleased to report that substantial progress has been made with the Council regarding the assignment of the lease," read a statement from the administrators.

"In addition, further discussions have taken place between the EFL, the bidder and ourselves and, in our opinion, all information requested of the bidders has been supplied including but not limited to proof of funds for the next two seasons.

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"In the light of this progress, the exclusivity period, which expires today (Friday), has been extended.

"We now await a final answer from the EFL and will provide an update in due course."

Latics have been in administration since July 1, since when virtually all of the first-team squad has left the club, and more than 70 staff made redundant.

The team returns to action on Saturday after a 10-day break when they host fellow strugglers Oxford United at the DW.

Latics are without a win in 10 matches, which has seen them sink to the bottom of the League One table.

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