Hong Kong’s IEC To Acquire Wigan Athletic

May 22, 2018

NewsStandOnline.Net (22-May-2018): Hong Kong’s International Entertainment Corporation (IEC) are poised to complete a takeover of former English premier league football club Wigan Athletic.

The Wigan chairman David Sharpe said the agreement to sell the club’s majority stake to International Entertainment Corporation is now subject to approval from the English Football League and the Hong Kong stock exchange.

The £22 million (US$40 million) deal includes a majority shareholding in Wigan’s DW Stadium and the training grounds.

Hong Kong's IEC To Acquire Wigan Athletic

The Whelan family have been the majority shareholders of Wigan Athletic since 1995, overseeing their rise to the Premier League and their FA Cup triumph in 2013, the season they were relegated from the top flight.

“It is important to confirm that this process, which has taken longer than expected, has now reached the next stage,” Sharpe said in a statement.

“Whilst we await formal approval and consent by the aforementioned parties, which may take some time, the Whelan family will do whatever it can to support the business operations and IEC during this transition.”

The Whelan family have been the majority shareholders of Wigan since 1995, overseeing their rise to the Premier League and their FA Cup triumph in 2013, the season they were relegated from the top flight.