Chinese investors to complete takeover of Moses' ex-club

EPL By: Ikponmwosa Umweni | 09/10/2018

Chinese investors International Entertainment Corporation set to complete their takeover of Victor Moses' former club Wigan within the next six weeks.

The Sky Bet Championship club have provided an update on the change of ownership having formally agreed to a £22million deal with the Hong Kong-based company in May.

Wigan said in a statement. "Previously, it was confirmed that the sale of the Whelan family’s shares to IEC was subject to the approval of IEC’s shareholders and the consent of the EFL (English Football League).

"The consent from the EFL was received in summer 2018 and IEC is now proceeding into the final phase of obtaining its shareholders’ approval in Hong Kong.

"A public circular was released and despatched by IEC to its shareholders on 9 October 2018 which provides, amongst other things, full details of the potential change of ownership.

"The change of ownership is expected to complete within the next six weeks subject to, and upon the fulfillment of, certain conditions including the approval by the shareholders of IEC of the relevant transactions for the change of ownership.”

Wigan’s current owners, the Whelan family, became majority shareholders in 1995 and chairman David Sharpe took over the role from his grandfather, Dave Whelan, in 2015.

Moses spends three seasons with the Latics making 80 appearances and scoring nine goals in the process before joining Chelsea 2012.

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