Wigan’s prospective takeover is off after the Spanish bidder reduced their offer by almost 50 per cent. The statement read: “As of 11am today, the administrators have broken off negotiations with the Spanish bidder. The statement continued: “Over this weekend we received a letter from the bidder reducing the bid by almost 50 per cent. This would result in a 15-point deduction and would effectively relegate the club to League Two. Under the EFL insolvency policy, this is not possible and the deal is therefore unable to be concluded.

Source: Express January 05, 2021 12:11 UTC