The owners of Wigan Athletic have agreed to sell the League One club.
The football club have been owned by a a consortium led by Bahraini businessman Abdulrahman Al-Jasmi since they were rescued from administration in March 2021.
The Latics had been in administration since July 2020. The sale to Phoenix 2021 Ltd, owned by Al-Jasmi, came after a deal with a Spanish consortium collapsed at the start of January 2021.
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The identity of the new buyer has not been revealed by the club.
Wigan will start the 2023/24 League One season on minus eight points after twice failing to pay wages on time.
In on the club's website said: "A deal has been agreed in principle for the sale of Wigan Athletic Football Club to a prospective new buyer - subject to EFL approval.
"The prospective new owners have committed to resolving all outstanding liabilities at the earliest opportunity.
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"Further updates on this process will follow in due course."
BusinessLive recently reported that Wigan's turnover totalled £8.3m for the 12 months to June 30, 2022, while they made a pre-tax loss of £7.6m.
The club received £2.2m through match day and season ticket sales while £1.1m was generated from commercial and sponsorship activities. Salary costs for staff and players totalled £13m.
During the year Wigan generated a £2.8m profit from selling players.
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