2013 FA Cup winner Wigan enters bankruptcy protection

2013 FA Cup winner Wigan enters bankruptcy protection

2013 FA Cup winner Wigan enters bankruptcy protection

WIGAN, England — Wigan, the 2013 FA Cup winner now in the second division, entered bankruptcy protection on Wednesday due to the financial impact of the coronavirus pandemic and lack of funding from the Hong Kong-based consortium that took over a month ago.

“From what we can see, the change of ownership just decided they didn’t want to fund it any more,” said Paul Stanley, one of the administrators from business recovery company, Begbies Traynor.

The northwest England club is 14th in the League Championship with six games remaining of the season that restarted, without fans being allowed into matches, after a three-month break because of the pandemic.

“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,” Begbies Traynor said in a statement. “Obviously 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 who is interested in buying this historic sporting institution should contact the joint administrators directly.”

The club was relegated from the Premier League in 2013 — the same year it shocked Manchester City in the FA Cup final.

Wigan dropped down into third-tier League One in 2015 but made an immediate return to the Championship. The club reported losses of 9.2 million pounds ($11 million) last year.

The club was sold by local businessman Dave Whelan to the Hong Kong-based International Entertainment Corporation (IEC) in November 2018. There was another change of ownership in the last month when IEC sold to Next Leader Fund, another Hong Kong-based group.

“There are areas of misalignment in expectations which we feel may hinder our partnership going forward,” IEC said in a letter to fans. “Combining with the outbreak of COVID-19 has created more uncertainty around the financial position of the EFL and the football business as a whole.”

Wigan is facing a 12-point deduction for entering administration, although when that sanction is applied depends on whether the club avoids relegation.

If the Latics stays out of the bottom three, the deduction will be applied to the final tally this season. If they are relegated, they would be docked the points at the start of their 2020-21 League One campaign.

___

More AP soccer: https://apnews.com/Soccer and https://twitter.com/AP_Sports

The Associated Press

soccer

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Alberta’s chief medical officer of health, Dr. Deena Hinshaw, confirmed eight additional virus-deaths Monday afternoon including one in central zone. (Photo by Chris Schwarz/Government of Alberta)
Central zone up to 1,249 active COVID-19 cases

Red Deer sits at 257 active COVID-19 cases

Executive Director and Co-Founder of Rock Soup Craig Haavalsen is sleeping in a tent outside Rock Soup’s location until the Go Fund Me for Rock Soup raises $10,000. Shaela Dansereau/ Pipestone Flyer.
Putting normalcy into asking for help: New non-profit sets up in Wetaskiwin

Rock Soup non-profit is a new secular Food Bank putting down roots in Wetaskiwin.

Alberta’s chief medical officer of health, Dr. Deena Hinshaw, confirmed eight additional virus-deaths Monday afternoon including one in central zone. (Photo by Chris Schwarz/Government of Alberta)
New record: Red Deer at 236 active COVID cases

One more death in central zone reported

file photo
County of Wetaskiwin Land Use Bylaw amendments approved

Ammendments approved by Wetaskiwin County Council at Nov. 24, 2020 Council meeting.

Idyllic winter scenes are part of the atmosphere of the holiday season, and are depicted in many seasonal movies. How much do you know about holiday movies? Put your knowledge to the test. (Pixabay.com)
QUIZ: Test your knowledge of holiday movies and television specials

The festive season is a time for relaxing and enjoying some seasonal favourites

Ash and Lisa Van carry a freshly cut Christmas tree while wearing personal protective masks at a Christmas Tree Farm in Egbert, Ontario, Sunday, Nov. 29, 2020 THE CANADIAN PRESS/ Cole Burston
‘Everyone wants a tree and they want it now’: Christmas tree sales on pace for record

Anticipated demand for Christmas trees has sparked a rush by some to purchase more trees wholesale

A scene from last year’s Light the Night fundraiser at the Stettler Town and Country Museum. This year’s rendition is on a drive-through basis only, but it still promises to be a not-to-be-missed seasonal highlight. (Independent file photo)
Stettler Town and Country Museum hosts ‘Light the Night’

This year’s rendition is drive-through only, but will still prove to be a dazzling display

(Black Press File Photo)
Rimbey woman gathering Christmas gifts for seniors at Valleyview Manor

Margaret Tanasiuk says she doesn’t want anyone to feel forgotten on Christmas morning

Paramedics register patients at a drive through, pop-up COVID-19 test centre outside the Canadian Tire Centre, home of the NHL’s Ottawa Senators, in Ottawa, Sunday, Sept. 20, 2020. A new poll suggests most Canadians aren’t currently worried that people in other countries might get a COVID-19 vaccine first. THE CANADIAN PRESS/Justin Tang
Canadians not worried other countries will get COVID-19 vaccine first: poll

Forty-one per cent of respondents say they want the vaccine to be mandatory for all Canadians

Fossil finds at Mt. Stephen. (Photo: Sarah Fuller/Parks Canada)
Extreme hiking, time travel and science converge in the Burgess Shale

Climb high in the alpine and trace your family tree back millions of years – to our ocean ancestors

Deputy Prime Minister and Minister of Finance Chrystia Freeland listens to a question from a reporter on the phone during a news conference in Ottawa, Monday, Nov. 30, 2020. THE CANADIAN PRESS/Adrian Wyld
Spending too little worse than spending too much, Freeland says as Canada’s deficit tops $381B

‘The risk of providing too little support now outweighs that of providing too much’

Lawyer Devon Page, Ecojustice Canada’s executive director, pauses during a news conference in Vancouver on Wed., Sept. 26, 2012. The environmental law group has lost its bid to pause Alberta’s inquiry into where critics of its oil and gas industry get their funding. Ecojustice sought an injunction this summer to suspend the inquiry, headed by forensic accountant Steve Allan, until there is a decision on whether it’s legal. nbsp;THE CANADIAN PRESS/Darryl Dyck
Judge tosses application to pause Alberta inquiry into funding of oil and gas foes

Ecojustice sought an injunction in the summer to suspend the inquiry

Most Read