Wigan Athletic takeover saga takes another twist
The EFL met again on Thursday to discuss the merits of the bid, with the information being relayed to the administrators on Friday.
Most of the submission was to the governing body's satisfaction, but there was one element that caused an issue.
That is understood to relate to one individual and the Owners and Directors test.
"We don't think this is an insurmountable problem," said administrator Paul Stanley.
"It's up to the Spanish bidders now to tweak their application and come back."
A source close to the bidders has previously confirmed to Wigan Today they would wait 'as long as it takes' for a successful resolution.
In the meantime, the exclusivity period will remain while the Spanish decide their next move.
Meanwhile, the administrators have confirmed Latics will receive £375,000 from the EFL via the Premier League's ‘rescue package’.
They are also eligible for another solidarity payment from the governing body, which will see them safe into the new year.
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