(Reuters) - Wigan Athletic are set to be bought by UK-based Phoenix 2021 Limited, eight months after it was forced into administration, the third tier League One club said on Monday.
Wigan went into administration less than a month after being taken over by a partnership headed by Hong Kong businessman Au Yeung Wai Kay and were relegated from the Championship after a 12-point penalty imposed by the Football League (EFL).
The club said Phoenix 2021, a consortium led by Bahrain businessman Abdulrahman Al-Jasmi, would be the new owners subject to approval by the EFL Board which is expected to be formally completed by March 31.
"To Latics fans everywhere, we can only guess at the amount of hurt and distress you have felt since the club entered administration," incoming chairman Talal Al-Hammad said in a statement.
"It is now our focus to stabilise its future and to illustrate why we believe we are the best ownership group for the club. We know that we will have to earn your trust through actions rather than words."
A Spanish investor was interested in purchasing the club last year but that move fell through earlier this year.
Wigan are 21st in the standings with 33 points, in the relegation zone due to 20th-placed Northampton Town's superior goal difference.
(Reporting by Rohith Nair in Bengaluru; editing by Pritha Sarkar)