£36m Wi­gan boost

The Daily Telegraph - Business - - Sport -

Wi­gan owner Au Ye­ung Wai Kay has waived £36mil­lion in debts owed to him by the club, re­mov­ing the threat of a fur­ther points penalty next sea­son as ad­min­is­tra­tors try to find a new buyer. Ye­ung, who owns both the Next Leader Fund and Wi­gan Ath­letic Hold­ings Lim­ited, was owed sep­a­rate debts of £25.3mil­lion and £10.7mil­lion by the club, but the Hong Kong busi­ness­man has ceded his right to re­pay­ment. Re­moval of the debts should make the club a sig­nif­i­cantly more at­trac­tive propo­si­tion for any po­ten­tial new buyer to take on.

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