Whelan Sells JJB Stake

Latics chairman Dave Whelan has sold his stake in the JJB Sports company he founded for £190million.

"Retiring from the board and selling my stake in the business I founded has not been an easy decision," said Whelan.

"But it has been made easier by my confidence in the management team. I wish the company every success."

He has sold the Whelan family stake of 29% to a joint venture formed by Icelandic financial group Exista and Chris Ronnie.