According to the Athletic, British entrepreneur, Martin Halsall has made a £3 million bid to buy League One club Wigan Athletic. The news follows the collapsing of a deal with a Spanish bidder whose reduced bid led to the ending of negotiation.
As part of Halsall’s reported proposal, he has offered to give a Wigan Athletic supporters’ group a percentage of the club’s shares and representation on the board in return for future investment.
The 53-year-old has reportedly contacted the administration and the league to formally declare his interest in buying the club.
Halsall Makes Wigan Bid
The Details
Halsall’s proposal seems to suit all parties and looks likely to save the Latics from the serious consequences of another relegation.
As reported by The Athletic, the entrepreneur is offering to complete the purchase of the club, stadium and training ground with a new holding company which would, in time, be owned by three shareholders.
The company would immediately invest a total of £3.8 million into the club, Supporters Ltd, and Wigan Athletic Supporters CIC. For a return in their investment, both the Supporters Ltd and Wigan Athletic Supporters CIC would be given stakes in the club.
Halsall is reportedly proposing to give the supporters’ club 14.7% of the shares and a seat on the board.
Promises Reportedly Made
The 53-year-old’s reported proposal certainly sounds convincing. According to The Athletic, Halsall, should he complete a deal, will look to bring in a further £10 million of funding alongside partnerships with the council, Wigan & Leigh College and further local partners.
Halsall’s proposal seems to have Wigan’s best interests at heart, and the Latics, whether it be through the Englishman or another investor, must find funding soon.
The League One club have been in administration since July, and are in desperate need of a takeover.
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