Wigan Athletic is going to be handed a penalty of twelve points by EFL after the club announced that they entered administration.
The sanction will take effect after the end of the season if wigan finish outside the bottom three on the table after 46 matches. If the club finishes the league on the relegation squad the penalty will be posted to take effect during the 2020/2021 season. The team has played three games after the league resume on 20 June and has won all three matches. Wigan athletic beat stoke city 3-0 on Tuesday at the DW stadium to move up the table with 8 points over the relegation line. They have six matches left to play before the league rounds up.
Wigan is currently on the 14th position of EFL table league with 8 points far from the bottom. However, if the penalty is implemented they will drop down to the bottom.
EFL said in a statement, the EFL is awaiting formal notification from the administration and once the league has collected it, it will begin talks with the relevant individuals with the aim of achieving a long term future for the club.
Paul Stanley, Gerald Krasner, and Dean Watson have been appointed as joint administrators of the club.
Wigan Athletic losses Fortune Krasner Explains
Krasner said wigan finances have been affected by the detrimental impacts of the coronavirus. Ensuring the club completes all their remaining fixture is our main objective. Secondly, to make sure the club find interested people to save Wigan Athletic Fc. In addition, to secure the jobs of those working for the club. Literally, suspending the championship season due to the coronavirus pandemic has had an impact on the club’s fortune.
Wigans has been a source of pride and a place of focus in the town since 1932. Anyone who is interested in buying the historic sporting institution should get in touch with the administrators. The Latics won the FA cup in 2013 and were in the premier league in the same year. In their recent account at the end of 2019, they recorded a net loss of £9.2m.
Dave Whelan who is a co-founder of JJB sports owned the club but it only lasted until November 2018. It was then sold to the Hong-Kong based International entertainment corporation (IEC).
On May 29 2020 the ownership changed when IEC divested its ownership to the next leader fund. In a letter written by IEC to fans, it said, “After a thorough assessment of the several factors including the financial position, Management team, and objectives Particularly the premier league promotion.