Wigan Athletic have announced they have entered administration.
The Latics, who sit 14th in the Championship, have appointed Paul Stanley, former Leeds chairman Gerald Krasner and Dean Watson of Begbies Traynor.
Wigan say they are talking to interested parties in a bid to save the club.
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."
As a result of going into administration, the club has been deducted 12 points by the EFL.
However, that penalty will only apply this season if they finish above the relegation zone.