MX23RW : Wednesday, October 24 01:26:36

Wigan expect Chinese investors to complete takeover within six weeks

Wigan expect Chinese investors to complete takeover within six weeks
© Offside
The Championship club is being sold by present owners the Whelan family.

Wigan expect Chinese investors International Entertainment Corporation to complete their club takeover within six weeks.

The Sky Bet Championship club have provided an update on the change of ownership having formally agreed to a £22million deal with the Hong Kong based company in May.

“Previously, it was confirmed that the sale of the Whelan family’s shares to IEC was subject to the approval of IEC’s shareholders and the consent of the EFL (English Football League),” Wigan said in a statement.

“The consent from the EFL was received in summer 2018 and IEC is now proceeding into the final phase of obtaining its shareholders’ approval in Hong Kong.

“A public circular was released and despatched by IEC to its shareholders on 9 October 2018 which provides, amongst other things, full details of the potential change of ownership.

“The change of ownership is expected to complete within the next six weeks subject to, and upon the fulfilment of, certain conditions including the approval by the shareholders of IEC of the relevant transactions for the change of ownership.”

Wigan’s current owners, the Whelan family, became majority shareholders in 1995 and chairman David Sharpe took over the role from his grandfather, Dave Whelan, in 2015.

The Latics are in 12th place in the Championship after winning promotion back to the second tier as League One champions last season.

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Tables
TeamPWDLFAGDPTS
1Middlesbrough14752167926
2Sheffield UnitedSheff Utd148242316726
3West Bromwich AlbionWest Brom1373331181324
4Norwich CityNorwich147341917224
5Leeds UnitedLeeds1365223111223
6Derby CountyDerby136341714321
7Blackburn RoversBlackburn145631719-221
8Swansea CitySwansea145541511420
9Birmingham CityBirmingham144821613320
10Wigan AthleticWigan146261618-220
11Queens Park RangersQPR146261419-520
12Nottingham ForestNott'm Forest134721815319
13Bristol City135441714319
14Sheffield WednesdaySheff Weds145452023-319
15Brentford134632015518
16Aston Villa144642222018
17Stoke CityStoke144551820-217
18Bolton WanderersBolton134451116-516
19Millwall143471623-713
20Rotherham UnitedRotherham143471020-1013
21Reading143381923-412
22Preston North EndPreston132471925-610
23Hull City132381120-99
24Ipswich TownIpswich131661120-99

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