"I have no doubt it will happen in the Premier League that a club will go into receivership," he told BBC Radio 5 Live.
"The debt in the Premier League is horrendous. We (Wigan) have got our debt down to somewhere near £15m, it's serviceable and we can look after that.
"Foreign owners will borrow money in the name of the club and will leave the club in debt. Man United owe £750m, Liverpool £500m and Chelsea owe a lot of money too.
"I think that money should be put into equity, buying shares in the club. If the owner decides to leave, he has to sell his shares. It's nothing to do with the club and doesn't put them into serious debt."
Football League rules state that clubs in financial trouble that go into administration will be deducted 10 points as happened to League Two Darlington last month.
But clubs who go into administration after today's (26 March 2009) 1700 GMT deadline face having their 10-point deduction suspended.
If the club is relegated the points will be deducted from their tally at the start of next season but if the club stays up the 10 points will be taken off their final total.
The club would then go down if the 10-point deduction subsequently resulted in it slipping into a relegation place.
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