After over 35 years in charge of JJB Sports, Wigan Athletic chairman Dave Whelan has sold his stake in the sports chain to focus his time on the club.

Whelan set up the company in 1971 and has sold his family's enitre stake for £190m to Icelandic financial group Exista and Chris Ronnie.

Whelan said: "Retiring from the board and selling my stake in the business I founded has not been an easy decision. But it has been made easier by my confidence in the management team."