BREAKING NEWS: UPDATE ON POTENTIAL TRANSITION OF OWNERSHIP OF WIGAN ATHLETIC
Sale of the Whelan Family’s entire shareholdings of Wigan Athletic Holdings Limited.
- Update on potential transition of ownership of Wigan Athletic
- Sale of the Whelan Family’s shares in Wigan Athletic Holdings Limited into the final phase of obtaining IEC shareholder approval in Hong Kong
- Change of ownership is expected to complete within the next six weeks.
We are able to provide the following update to supporters with regards to the potential change of ownership of Wigan Athletic Football Club to International Entertainment Corporation (IEC).
Previously, it was confirmed that the sale of the Whelan Family’s shares to IEC was subject to the approval of IEC’s shareholders and the consent of the EFL. The consent from the EFL was received in summer 2018 and IEC is now proceeding into the final phase of obtaining its shareholders’ approval in Hong Kong.
A public circular was released and despatched by IEC to its shareholders on 9 October 2018 which provides, amongst other things, full details of the potential change of ownership. The change of ownership is expected to complete within the next six weeks subject to, and upon the fulfilment of, certain conditions including the approval by the shareholders of IEC of the relevant transactions for the change of ownership.
We would like to stress our appreciation once more for your patience and continued loyal support throughout this process.