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Whelan to clear £50m Wigan debt

Wigan Athletic Football Club chairman Dave Whelan will clear the club’s £50m worth of debt before leaving his role as chairman.

Speaking to ESPNsoccernet, Whelan indicated he would leave his role as chairman within the next two to three years but first turn £50m owed to him into equity.

"It has been a fantastic time, I have enjoyed every minute of it, taking Wigan from the fourth division to the Premier League, and we have stayed there for six fantastic years," Whelan told ESPNsoccernet.

"You know in two or three years' time I will have to hand over the place to someone else. I will then be 78 or something, and it's hard work running a football club. It's not as easy as people might think, scratching your head wondering what to do sometimes.

"But whether we are in the Premier League, or even if we are in the Championship next season, I want this club to be in the best shape it can be. For that reason I am turning the club's £50 million of debt into equity. I already have 96% of the shares, so I am effectively giving the club the stadium. The ground cost £50 million to build."

Whelan bought the club in 1995 and has overseen its progress into the Premier League as well as the construction of the now DW Stadium.

 

Scott Hobro

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