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Wigan Athletic takeover is complete - ending club's spell in administration
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manchestereveningnews.co.uk
manchestereveningnews.co.ukFor the latest news from in and around Wigan sign up to the MyWigan newsletter here The Phoenix 2021 Limited group have become the new owners of Wigan Athletic.
The group, who are from Bahrain but are based in the United Kingdom, have formally completed the deal on Tuesday March 31 to rescue the Latics and finally put an end to one of the darkest chapters in the club's 89-year history.
The sale allows for the non-football creditors to be paid a minimum dividend of 25p in the pound which means that Latics will avoid a 15-point deduction and bolster their chances of remaining in Sky Bet League One.
Phoenix 2021, who are owned by former investment banker Abrulrahman Al-Jasmi, are fronted by Bahraini businessman Talal Mubarak Al-Hammad.
Read more on manchestereveningnews.co.uk
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