A Bahrain-based investor is closing in on an imminent deal to buy Wigan Athletic.
The Latics, who currently sit at the bottom of Sky Bet League One, have been in administration for the last nine months.
And while it looked as though the takeover saga was going to continue to drag on further after talks had hit a standstill, it is understood that a deal could be just around the corner.
The Begbies Traynor administrators have lowered their asking price in order to agree to a deal, but it would still involve the investor paying the non-football creditors 25p in the pound, meaning that Latics would avoid the mandatory 15-point deduction.
The Bahrain-based investor is in a position to seal the takeover quickly, having already had their proposed directors passed and their proof of funds verified by the English Football League.
The first step is for both parties to sign the sales and purchase agreement, while the second step would be to provide a deposit.
As the Wigan Council has already agreed on the transfer of the lease to the DW Stadium and Christopher Park, the final step would be to sign the membership agreement to transfer the football share, along with the agreement to pay the non-football creditors 25p in a pound.
Following the promising developments, it looks like there is finally light at the end of the tunnel for everyone associated with Wigan Athletic.
