Championship side Wigan Athletic have confirmed that the transaction to sell the majority shareholdings of the club to Next Leader Fund L.P. has been completed following approval from the EFL, the Hong Kong Stock Exchange and the shareholders of the International Entertainment Corporation.
Wigan Athletic Takeover Completed
Changes to the Board
There will be three new board members joining as a result of the takeover. Au Yeung, Man Chun Szeto and Chun Kit Chan join existing executive directors Darren Royle, Joe Royle, Jonathan Jackson and Thomas Chan.
Meanwhile, directors Kevin Roberts, Dr Michelle Chan, Chi Wai Lee, Wing Lam Leung and Cheung Tat Man have stepped down from the board following completion of the takeover.
Club Statement | Next Leader Fund L.P. Purchase Majority Shareholdings of Wigan Athletic
We can confirm that the sale of the majority shareholdings of the Wigan Athletic Group from IEC to Next Leader Fund L.P. has now formally completed.#wafc ?⚪️?
— Wigan Athletic (@LaticsOfficial) June 4, 2020
What Was Said?
Mr Au Yeung told the club website about the takeover: “I am excited to join the Wigan Athletic family and I look forward to working with the Board of Directors to support the club in what is going to be an initially challenging period.
“I hope to work with the staff within the club in the future and most importantly I hope to meet the club’s passionate fans.
“We encourage your feedback on club matters so please continue to help us grow and develop. I hope in the future to enjoy Latics games together. Be safe.”
Paul Cook’s Wigan side currently lie two points above the relegation zone in the Championship, with the season provisionally set to resume on June 20, subject to safety requirements and government guidelines being met.
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