Wigan Athletic chairman Dave Whelan has stood down from the club, with 23-year-old grandson David Sharpe taking over, the club have confirmed.
In a short statement on the Wigan Athletic official site, Whelan said:
“The time has now come to hand over the reins. I am approaching 80 years old and spend an increasingly long time abroad, and cannot make it to games. It is a decision I have been mulling over for some years and I believe David is now ready.
“Contrary to some suggestions, there are no plans to sell the club, which will remain in family hands and I have every confidence that David, along with Chief Executive Jonathan Jackson, will lead us forwards with wisdom.
“In making this announcement, I would like to say huge thank you to the Board of Directors, all the staff at the club, and of course the wonderful supporters of Wigan Athletic, who have helped make the journey over the past 20 years such an exciting and memorable one.”
Whelan bought the club in 1995 and has seen the club expand and develop in the time he has been owner.
The 78-year-old leaves a club who are struggling in the Sky Bet Championship, with the currently sat in 23rd position in the division.
The Latics are a sizeable nine points away from safety in the division, and require a significant push in the final stages of the season to beat the dreaded drop.
The stepping down of Whelan from Wigan comes after a relatively turbulent year for the club and himself personally.
Whelan was banned from all football activity for six weeks last year and fined £50,000 by the FA for making derogatory comments about Chinese and Jewish people.
He was also widely criticised for choosing to appoint current manager Malky Mackay to the club.