- Au Yeung Wai Kay agrees to write off debts owed
- Administrators say reported potential buyer is ‘not credible’
Administrators working to save Wigan have said the former owner Au Yeung Wai Kay has agreed to waive debts of around £36m owed to him by the club. It comes as reports of a new offer to take control of the club were dismissed and uncertainty growing as to the outcome of the administration process.
Last weekend, Yeung was revealed to have made inquiries about putting the club into administration last May, days before he completed his takeover. The true motives behind his purchase remain a mystery but it now appears he will not retrieve a single penny of the money his company, the Next Leader Fund, put into the club.
Continue reading…Au Yeung Wai Kay agrees to write off debts owed Administrators say reported potential buyer is ‘not credible’Administrators working to save Wigan have said the former owner Au Yeung Wai Kay has agreed to waive debts of around £36m owed to him by the club. It comes as reports of a new offer to take control of the club were dismissed and uncertainty growing as to the outcome of the administration process.Last weekend, Yeung was revealed to have made inquiries about putting the club into administration last May, days before he completed his takeover. The true motives behind his purchase remain a mystery but it now appears he will not retrieve a single penny of the money his company, the Next Leader Fund, put into the club. Continue reading…
