Dave Whelan agrees to sell Wigan to Hong Kong consortium

The Whelan family has agreed to sell its majority stake in League One champions Wigan Athletic to a Hong Kong based consortium. The takeover which is by an international entertainment company is subject to approval by the Hong Kong Stock Exchange and the EFL

The deal with the international entertainment company will also include majority shareholding in the DW stadium as well as the clubs training grounds. The Whelan family have been majority shareholders in Wigan since 1995, taking them to the Premier League but not managing to keep them there before seeing a dramatic fall back down the divisions.

Wigan’s instant promotion back to the Championship has likely helped with the sale of the club because Championship clubs are now seen to be as good as investments in Premier League clubs by foreign investors due to the lower cost it takes to purchase the club, with high potential rewards if you can navigate the tough path of the Championshiip and secure a swift promotion to the promised land of golden eggs – the Premier League.

With the influx of foreign money it is difficult for owners like Dave Whelan to compete, a vastly controversial figure in the game but we think he will be universally liked by Wigan supporters regardless of their fall to league 1. As ever with foreign owners buying clubs it either works very well or is a disaster, Wigan fans will be hopeful that their new owners follow in the footsteps of Wolves and not the Venkeys of Blackburn as they seek to win another promotion.

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