# Wigan Football Company Limited (03477413)

> Why UK company 03477413 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03477413

- **Status:** Administration ended
- **Administration began:** 2020-07-01
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Risselhill Limited
- **Incorporated:** 1997-12-08
- **Location:** Manchester
- **Industry:** 93110 Operation of sports facilities

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

On 23 June 2020, the solicitor acting for the Company contacted Begbies Traynor in relation to the financial position of the Company and various associated companies including Wigan Athletic AFC Limited ("the Football Club’). A letter of advice was provided regarding various options that were available based on the limited information given. Further information was requested.

. ©n24 June 2020, there was a further telephone call between Paul Stanley, Gerald M Krasner and the solicitors - acting for the Company. It was explained that there was a £6 million funding requirement and no further funds were being made available by the owner. . ,

Further telephone calls ensued over the following days, but no detailed information was given to us and we. were asked formally not to contact any of the UK directors at this time. As a result of our investigations, it became apparent that a number of assets relating to the Football Club were held by different associated . companies (Wigan Athletic A.F.C. Limited, Wigan Football Company Limited, Wigan Athletic Holdings Limited, Wigan Property Holdings Limited and Wigan Sports Management Limited) (‘the Group”). The solicitors were advised that if they wished to appoint us as administrators over the Football Club (which operates the football club) then they would also have to appoint us over r the Group companies in order that we had control over the - ' whole operations.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03477413/filing-history/MzI3NzY5NDgwN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03477413

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.