Wigan Athletic may be close to being saved from the clutches of administration as a new group of foreign investors are in discussions to purchase the club, according to Sun journalist Alan Nixon.
In a latest update this week from the joint administrators, with four new parties providing proof of funds and another 10 still interested in purchasing the League One strugglers.
It comes after the bid from Spaniard Felipe Moreno fell through after he reduced his offer for the club by 50% and it would have also meant that a 15-point deduction would have been imposed, almost certainly putting them in League Two next season.
So it was back to the drawing board for Paul Stanley and Gerald Krasner, who have been running the ship at the DW Stadium since July 2020 when Wigan’s Hong Kong-based owners placed the club into their hands after they could not provide any funding for the club.
It’s been a topsy-turvy journey since, but there does seem to be light at the end of the tunnel, especially following the latest update.
The joint admins also revealed that offers for Tom Pearce, Kyle Joseph and Sean McGurk have all been rejected, and along with the signings of Corey Whelan, George Johnston and Zach Clough yesterday, things do seem to be looking up and there’s signs there that a deal could be close.
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Nixon believes that the consortium in question that look to be the front-runners already have a team in-place in Britain to run things should they become successful and that the EFL are now checking them over for any discrepancies.
The Latics have been in this position with a few different ownership groups in months gone by, but Nixon thinks this one is ‘advanced‘, with this particular group moving extremely fast to try and get a deal through.
Wigan fans have been here before when putting their trust in someone to save the club, and they don’t want to go through that pain again.
Considering the administrators are rejecting offers for some of Wigan’s most talented players though, it’s the biggest sign yet that they are confident in securing a deal this time around for the club.
It’s been nearly seven months since the Latics were first put into administration and it needs to come to a head soon, or else the club are at significant risk of having relegation to League Two confirmed sooner rather than later – it would be a spectacular fall from grace indeed.