The future of Championship side Wigan Athletic is in doubt after they entered administration, the first club to do so since the start of the ongoing Coronavirus pandemic.
Paul Stanley, Gerald Krasner and Dean Watson have been appointed as joint administrators of the club.
The club is now set to be handed a 12-point penalty by the English Football League (EFL) putting the side at risk of being relegated to League One.
The Latics were in the Premier League as recently as 2013 and won the FA Cup for the first time in their history in the same year.
However, life hasn’t been as good in recent years and they recorded a net loss of £9.2m in their most recent annual accounts, for the year ending June 30, 2019.
The club was owned by JJB Sports co-founder Dave Whelan until November 2018, when he and his family sold to the Hong Kong-based International Entertainment Corporation (IEC).
Then just last month there was another change of ownership when IEC divested its ownership to the Next Leader Fund.
It is currently unclear when the point deduction will be specifically applied with the EFL saying it can only be decided once the final Championship table is determined.
Should the club finish above the relegation places the deduction will be applied at the end of this season. However, if they finish inside the bottom three, the sanction will be applied next season.
Wigan currently sit in 14th places and eight points clear of the relegation places, meaning that if the sanction was to be applied currently they would drop to the bottom of the table.
Administrator Gerald Krasner said: “Our immediate objectives are to ensure the club completes all its fixtures this season and to urgently find interested parties to save Wigan Athletic FC and the jobs of the people who work for the club.
“The suspension of the Championship season due to Covid-19 has had a significant impact on the recent fortunes of the club.
“Wigan Athletic has been a focal point and source of pride for the town since 1932 and anyone interested in buying this historic sporting institution should contact the joint administrators directly.”
Latest posts by Mohit Pasricha (see all)
- Wigan Athletic enter administration due to impact of Covid-19 - July 3, 2020
- EFL Legal Battle With Sheffield Wednesday Reaches Court - June 30, 2020
- Alberto Salazar Appeal To Be Heard At CAS In November - June 5, 2020