Begbies Traynor Britain Bahrain Begbies Traynor Britain Bahrain

Bahrain-based investor close to 'imminent deal' to buy Wigan Athletic

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manchestereveningnews.co.uk

Wigan Athletic. The Latics, who currently sit at the bottom of Sky Bet League One, have been in administration for the last nine months.And while it looked as though the takeover saga was going to continue to drag on further after talks had hit a standstill, it is understood that a deal could be just around the corner.The Begbies Traynor administrators have lowered their asking price in order to agree to a deal, but it would still involve the investor paying the non-football creditors 25p in the pound, meaning that Latics would avoid the mandatory 15-point deduction.The Bahrain-based investor is in a position to seal the takeover quickly, having already had their proposed directors passed and their proof of funds verified by the English.

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