Wigan Athletic have gone into administration due to the impacts of the Covid-19 pandemic, the club’s joint administrators announced on Wednesday.
The EFL have warned that the club are now facing a 12 point deduction, dependant on their final league position.
Paul Stanley, Gerald Krasner and Dean Watson from Begbies Traynor have been appointed as the club’s joint administrators.
Mr Krasner said: "Our immediate objectives are to ensure the club completes all its fixtures this season and to urgently find interested parties to save Wigan Athletic FC and the jobs of the people who work for the club.
"Obviously the suspension of the Championship season due to COVID-19 has had a significant impact on the recent fortunes of the club.
"Wigan Athletic has been a focal point and source of pride for the town since 1932 and anyone who is interested in buying this historic sporting institution should contact the joint administrators directly."
Wigan won the FA Cup in 2013 after beating Manchester City, and spent a total of eight years in the Premier League before being relegated the same year.
Meanwhile, former Wigan owner Dave Whelan told Jim White on talkSPORT: “I’ll have to see if I can help in anyway shape or form.
“We came from the fourth division into the Premier League, we won the cup, and when I sold the club it was in a good condition.
“I’m going to have to look to made sure that doesn’t happen. The town of Wigan cannot let that happen.”
Get the latest transfer news straight into your inbox!
Sign up for the brilliant new Daily Star Sport email newsletter!
From the latest transfer news to the agenda-setting stories, get it all in your email inbox.
Put your email in the box at the top of this article or you can follow instructions on this link here.
Wigan are currently lying in 14th in the Championship, and beat Stoke 3-0 in their last game.
The Latics finished 18th in the English second tier last season having been promoted from League One the year before.