Former Leeds United chairman appointed joint administrator as Wigan Athletic enter administration

Wigan recorded a net loss of £9.2 million in their most recent annual accounts for the year ending June 30, 2019. That was an increase of £1.5m on the previous year.

A statement said Krasner, Paul Stanley and Dean Watson from Begbies Traynor had been appointed as joint administrators of the club on Wednesday.

Krasner said: "Our immediate objectives are to ensure the club completes all its fixtures this season and to urgently find interested parties to save Wigan Athletic FC and the jobs of the people who work for the club.

"Obviously the suspension of the Championship season due to Covid-19 has had a significant impact on the recent fortunes of the club.

"Wigan Athletic has been a focal point and source of pride for the town since 1932 and anyone who is interested in buying this historic sporting institution should contact the joint administrators directly."

A statement from the EFL read: "As a result of Wigan Athletic confirming they have entered into administration, the club will be subject to a 12-point deduction and, in accordance with EFL Regulations, the timing of the sporting sanction can only be determined once final league placings in the Championship are determined.

"If in the event the club is relegated by virtue of their final position following the conclusion of the Championship season, then the deduction will apply in League One in 2020/21.

"However, if the club is not in the relegation places following the final game of season, the sanction will be then be applied to their season 2019/20 total and final league standings amended as appropriate.

"The EFL is awaiting formal notification from the Administrators and once the League has received this it will commence discussions with the relevant individuals with the aim of achieving a long-term future for the club."

Wigan currently sit 14th and eight points above the dropzone with six games left to play.