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Wigan chairman Whelan reveals plans to reduce club debts

Wigan Athletic chairman Dave Whelan has reiterated his plea for Premier League sides to get their finances in order.

Whelan also revealed his plans to reduce Wigan's debt by two-thirds.

"I have been saying for a long time there should be a limit on the size of club's liabilities and debts - including Wigan Athletic," he told the Wigan Observer.

"The club owes me quite a lot of money, because of loans I have lent it. What I am doing is converting those loans into equity and taking shares.

"It's a debt-for-equity swap, and I would advocate every club in the country looking into doing that.

"Wigan will be doing that, which will wipe out around two-thirds of our debt. It's one way of cleaning up a lot of balance sheets in football."

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