MX23RW : Saturday, November 16 19:49:46| >> :600:93991:93991:

Wigan administrator: 'EFL and Premier League may have to revise insolvency rules'

There are fears Wigan will not be the last EFL club to suffer extreme financial difficulties this year.

Football's insolvency rules and its regulations on foreign ownership may need to be looked at to prevent a surge in clubs going to the wall during the coronavirus pandemic, the administrator of Wigan has said.

The Championship side were placed in administration on Wednesday and face a 12-point deduction either this season or next, depending on where they finish in the table.

Administrators from Begbies Traynor are now reviewing the club's finances and initially trying to ensure the club can complete their remaining six fixtures this season.

They are also seeking credible new buyers and to investigate why the club has been put in administration less than a month after it was sold.

Gerald Krasner, one of the administrators at Wigan, agreed the Covid-19 outbreak was only "an element" of what had gone wrong at the club, but said the English Football League and Premier League may need to look again at their regulations because of the exceptional circumstances clubs are facing.

"It's my personal view that there are a number of clubs in the lower divisions, Leagues One or Two, that may not survive by coming back, and there is possibly at least one more Championship club that may seriously be thinking about doing the same (as Wigan)," he warned.

"We're living in such peculiar times that the EFL and the Premier League may in the short term have to revise their insolvency rules if a number of clubs start going over, and also start looking at foreign ownership a bit more.

"I think the foreign ownership comes (as a problem) if someone is sat 5,000 miles away. It's much easier to do things than if you live in the town where you own the football club."

Krasner said the EFL would need to decide quickly whether it would make allowances or stick to its guns on insolvency.

He asked: "If six clubs go into administration are they going to start really penalising all of the clubs because of this pandemic? There would be massive arguments if they did.

"But if they penalised Wigan and didn't penalise someone else, that becomes a bit unfair doesn't it?

"They ought to have a policy that says 'no matter how many clubs go into administration, these rules will apply' or 'no, we're going to have a think for a month and then come up with what we think should happen'.

"Because let's be honest if next season starts behind closed doors, how are these clubs going to survive unless the owners put their hands in their pockets?"

The chair of the Digital, Culture, Media and Sport (DCMS) committee Julian Knight said he feared 10 to 15 clubs could be in danger, and on Wednesday called on the Premier League to provide "leadership" and assist clubs lower down the pyramid.

Premier League chief executive Richard Masters says there has been no approach from the EFL for additional financial help
Premier League chief executive Richard Masters says there has been no approach from the EFL for additional financial help (Mike Egerton/PA)

The league's chief executive Richard Masters told the DCMS committee on Tuesday there had been no approach from the EFL regarding any additional funding beyond existing solidarity payments.

The Prime Minister's official spokesman said: "We hope that a buyer can be found for Wigan Athletic. Our thoughts are with its staff, fans and the local community at what is a very difficult time.

"We recognise the impact of coronavirus on professional sport, including football, and we have been working closely with sporting bodies to get sport back up and running safely."

ID:404847: cacheID:404847:1false2false3false:QQ:: from db desktop :LenBod:restore:7287:
Restore Data
Share this article now:
Reading's Danny Loader celebrates scoring their second goal on January 4, 2020
Read Next:
Championship: Transfer ins and outs - Summer 2020
>
Read more about Gerald Krasner Football
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Wycombe WanderersWycombe14102232161632
2Birmingham CityBirmingham1393124121230
3Wrexham1584322111128
4Stockport CountyStockport167632617927
5Barnsley157532419526
6Lincoln CityLincoln157532117426
7Mansfield TownMansfield137332015524
8Huddersfield TownHuddersfield147252114723
9Exeter CityExeter147251410423
10Reading147252221123
11Bolton WanderersBolton147252224-223
12Peterborough UnitedPeterborough156363127421
13Charlton AthleticCharlton145451515019
14Bristol Rovers155371621-518
15Stevenage155371116-518
16Northampton TownNorthampton154561821-317
17Rotherham UnitedRotherham154561418-417
18Blackpool154562128-717
19Wigan AthleticWigan143561212014
20Leyton Orient144281418-414
21Crawley TownCrawley163491427-1313
22Cambridge UnitedCambridge143291324-1111
23Burton Albion141581525-108
24Shrewsbury TownShrewsbury1522111327-148


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!