Wigan takeover stalls as EFL ask more questions about Spanish bidder Jose Miguel Garrido Cristo
WIGAN'S future is on the line as the EFL ask more questions about Spanish bidder Jose Miguel Garrido Cristo.
Latics are running out of time to close a deal to come out of administration while Garrido Cristo supplies more information about his business empire to pass the Owners and Directors test.
The former Albacete and Castellon owner is putting up around £1 million from his Eolus Capital group into buying and then running the League One strugglers.
The EFL have demanded bank statements about where Eolus Capital have got their funds from.
Their last accounts showed they have £8.5 million.
Leganes owner Felipe Moreno will be a major shareholder along with Garrido Cristo's brother Papadopaulo as the official partner.
Moreno has been passed by the EFL.
However it is the role of Jose Miguel Garrido Cristo that is being probed.
Meanwhile the Wigan administrators have set a THIRD deadline of Friday or they will end their period of exclusivity and listen to other offers.
Deal broker Ray Ranson has a rival bid, backed by long-term friend and financier Jonathan Rowland.
Despite public denials their offer has been made to the administrators and the EFL.
The Latics were relegated from the Championship last term, following their 15 point deduction for entering administration.
With manager John Sheridan having jumped ship for Swindon, Wigan currently sit bottom of League One with just eight points from 14 games.
Source: Read Full Article