Latics to meet League next month
By Simon Fudge
Last Updated: 01/01/70 1:00am
The Latics, along with Luton Town, Notts County, Barnsley and Wimbledon met Football League officials on Monday to discuss their current financial situations.
The Boundary Park club now have until the Football's League next meeting on October 13 to prove they have sufficient funds in place to see out the current campaign following their fall into administration last month.
The club need around £1.2 million to see themselves through the current season and club administrator John Newell has told planetfootball.com that significant investment must be in place before the end of September.
"Unless investment is in place, the club will run out of money by the time the October 13 meeting comes around," Newell revealed.
"If you can't pay for the labour (players), you can't be in business. We must have an investor in place very soon to make sure the club does not run out of money by the end of the month."
On the pitch, meanwhile, Latics boss Iain Dowie has been dealt a blow by the news that defender Will Haining will likely be out for a month with a hamstring tear.
The 20-year-old visited a specialist on Monday to assess the injury, where it has been diagnosed as a Grade Two tear.
It means the centre back is likely to miss the next four weeks after he sustained the injury while trying to block a Marco Gabbiadini shot in Saturday's 0-0 draw at Hartlepool United.