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EFL hasn’t made the final decision on the Wigan’s take over yet

Tue 08 December 2020 | 7:58

EFL is still investigating the requirements that not been satisfied in the Latics administrators, Begbies Traynor, agreement with a Spanish bidder back in September.

Although a “

substantial deposit

” has been handed over, the

EFL

said on Friday that its

“requirements have not been satisfied”

following further diligences.

“We have not as yet had a final decision from the EFL regarding the transfer of the Football Share,”

a statement from

Wigan’s

joint-administrators on Monday read.

“Both the bidders and ourselves, together with our legal team, have had regular and ongoing discussions with the EFL regarding their requirements.

“The exclusivity agreement with the bidders, which runs out on 11th November, has been extended for a further period to try and ensure that we reach a satisfactory conclusion.

“At this stage, we cannot say when that will be, as matters rest with the

EFL

.

“Whilst we fully understand the fans’ frustration and the effect generally on the Club, we must adhere to the procedures set down if we are to be successful.”

On Friday, the EFL had said:

“At its meeting on Thursday, the EFL Board received an update and fully considered the latest position in respect of the ongoing discussions relating to the sale of the assets of Wigan Athletic.

“The EFL has in recent weeks undertaken significant due diligence on the relevant parties in accordance with its Regulations and, based on the information that has been made available, the Board confirmed it was not in a position to agree to an application to transfer membership in the EFL to the proposed purchasers as the League’s requirements have not been satisfied.

“The Board reiterated its commitment to working with the Administrators to secure a successful and sustainable future for the Club and will meet with them to discuss the implications of this decision at the earliest opportunity.”

EFL gave

the Latics

a 12-point deduction for entering administration in July, after 31 August’s deadline, and the club were subsequently relegated to Sky Bet League One, where they are currently bottom of the table.


source: SportMob