Wigan Athletic takeover moves closer as Whelan family agree deal to sell
Wednesday 7 February 2018 16:28, UK
The takeover of Wigan Athletic by investors from the Far East has moved a step closer.
Sky Sports News understands the Whelan family have agreed a deal in principle to sell the club to the Hong Kong-based company International Entertainment Corporation (IEC).
IEC filed an initial 'term sheet' to the Hong Kong stock exchange on Wednesday, outlining their intention to buy the League One club.
The purchase of the Latics has moved closer as a result, though no deal at this point has been officially agreed.
Any potential takeover would still have to go through the English Football League for approval.
It is understood the deal is expected to happen in the coming days, before the EFL will ascertain whether the new owners are 'fit and proper' as well as having the necessary funding in place.
Wigan Athletic and the Whelan family are yet to comment on the developments at this time.
