Wigan’s administrators want a new buyer to pay the crisis club’s wages next week
WIGAN'S administrators want a new buyer to pay the crisis club’s wages NEXT WEEK.
The hard-up outfit face a financial headache as they try to sell players in a hurry to sort out their bills.
This has put off some prospective buyers who are already anxious about the overall price of taking on a League One club.
The administrators want around £7-8m from the new owner who will also have to show funds for two years to the EFL.
Ironically that number has dropped since relegation, with around £20m needed to hold in reserve.
The admin process has been difficult so far.
I can reveal that the first preferred bidder dropped out within hours of being offered the Latics.
A second was due to sign on Thursday by noon AND hand over a £100,000 deposit.
The time frame is made worse by the fact Wigan are appealing against the 12-point for going into administration that sent them down.
That hearing is also on Friday, with a decision due soon after and hopefully before the EFL confirm promotion and relegation at a meeting a week later.
In a further twist, if Wigan are successful then the new buyer would then have to pay MORE wages as the players would still be on Championship terms.