Wigan confirms that the acquisition has been completed by a consortium led by Bahraini businessman Al-Jasmi
League One wrestlers Wigan Athletic confirm acquisition is complete by consortium led by Bahraini businessman Abdulrahman Al-Jasmi
- The acquisition has been completed following the approval of the English Football League
- Wigan relegated last season and struggled in League One this season
- Priority for new owners will be for the club to avoid a second consecutive relegation
Phoenix 2021 Limited has completed the acquisition of Wigan Atheltic, the club announced on Tuesday evening.
The news comes two weeks after the League One wrestlers revealed a deal had been struck with the UK-based company owned by Abdulrahman Al-Jasmi.
A statement from Wigan read: ‘The club is pleased to announce that Phoenix 2021 Limited has today become the new owner of Wigan Athletic Football Club.
Phoenix 2021 Limited has completed the acquisition of League One side Wigan Atheltic
Phoenix 2021 Limited has now completed all required technical information and received confirmation that all matters related to EFL membership have been completed.
Talal Al-Hammad becomes the new club president, with Malachy Brannigan taking on the role of chief executive, Richard Bramwell Chief Financial Officer and Tom Markham and Oliver Gottmann non-executive directors.
Wigan went into government last summer and finding new owners was a painstaking process, with a proposed deal with a Spanish consortium collapsing in January.
Al-Hammad said, “This is the beginning of a new chapter in Wigan Athletic history.
‘We are extremely proud and happy at Phoenix 2021 Limited to complete the acquisition and I would like to congratulate Mr. Al Jasmi and everyone who participated in completing this new and promising acquisition.
Priority for new owners will be to make sure the Latics avoid a second consecutive relegation
‘I personally feel excited and happy to embark on this new challenge. When I read messages from the supporters, I automatically feel positive and optimistic about the future of the club.
I would like to thank all the fans who have supported the club, especially in the past nine months. Wigan Athletic fans are no different from a family that stands together through thick and thin.
‘All staff and players have gone to great lengths for this club in recent months, despite the limited resources and tools. We are very grateful for the sacrifices of all the staff – not just the football staff – because they are the real heroes here.
‘The fans have stayed with the club through a very dark period and we will do everything we can to ensure that the future of the club is much healthier and more stable.’
Many supporters have been very critical of the joint administrators, who revealed in a statement that funds donated by fans to keep the club going last summer will be returned to the Official Supporters’ Club.
The statement read: ‘We also understand the frustration and anger of the supporters caused by the club’s placement on the board and the significant conflict between the role of the administrators and the wishes of the supporters.
Unfortunately, in our role as administrators, we have had to make tough decisions that were necessary to cut costs and raise the necessary funds to pay for football supplements and finance wages and other trading costs during a time when income was limited as a result of the pandemic.
“We hope these tough decisions will be significant to the long-term viability and history of the club.”
The first priority for the new owners will be to make sure the Latics avoid a second consecutive relegation. Wigan is currently in the relegation zone in 22nd place.
Leam Richardson currently has the interim leadership of the League One squad, which is in 22nd place