Wigan in danger of being wound up like Macclesfield, administrators warn

by Theguardian

Administrators outline difficulty of finding buyer amid CovidOffers over £2m wanted for team, stadium and training ground

The administrators trying to find a buyer for Wigan Athletic fear the club could become the next Macclesfield, because of the difficulty of finding willing investors during the pandemic.

Covid-19 was cited by Wigan’s Hong Kong owners as the reason for pulling the plug in the first place, plunging the club into administration and triggering a 12-point deduction that saw them relegated into League One, and Paul Stanley of the corporate recovery specialists Begbies Traynor admits that selling an empty stadium is a much harder task than dealing with a football sale in normal circumstances.

Continue reading...

Disclaimer : All the information on this website is published for general purpose only, Sportz247 doesn’t guarantee about the content, sequence, reliability, accuracy and completeness of the information. We are not liable any damages in connection with the use of our website. Sportz247 may make changes to the materials or information described therein without prior notice.