Latics chairman Dave Whelan has sold his family’s entire stocks in the JJB Sports business he founded and gained £190m for his troubles.
Whelan, who started the business by buying a Wigan sport shop, J.J.Broughton, for £1 million back in the 1970`s, sold his 29% stake to a joint venture formed by Icelandic financial group Exista and Chris Ronnie.
Big Dave said: ‘Retiring from the board and selling my stake in the business I founded has not been an easy decision.
This could mean that the Latics maybe looking to negotiate new sponsorship deals, with JJB being the current shirt and stadium sponsors.
How will this affect the Latics?
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