SHEFFIELD WEDNESDAY are in advanced takeover talks with an American sports businessman called Tilman Fertitta.
Fertitta is also the United States ambassador in Italy after making his fortune with various ventures.
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Sheffield Wednesday are in advanced talks with an American businessman Tilman Fertitta
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Wednesday owner Dejphon Chansiri is under significant pressure amid the club’s financial crisis
The 68-year-old has been in talks for weeks but has now made an offer to Wednesday owner Dejphon Chansiri.
The cost of the deal is being kept secret and will be subject to the usual due diligence phase.
Fertitta may lodge cash to help settle some bills in the short term as the process is bound to take weeks.
But he seems a far more credible candidate than many who have chased the Yorkshire club ownership.
Fertitta has a basketball team in Houston, is an ally of Donald Trump and is seen as a leading expert and business and sport.
Chansiri says he is willing to sell the club to “the right individual, or group, to take it forward”.
Wednesday, who finished 12th last season, are in dire straits financially.
The Owls are currently restricted by a triple transfer embargo due to unpaid player wages and HMRC bills.
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Fertitta is an ally of Donald Trump
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The club’s financial crisis deepened after six stars reportedly handed in notices, with Chansiri refusing to inject any more cash into the coffers.
Manager Danny Rohl hasn’t returned to pre-season training and is seeking a way out of his contract amidst interest from other clubs.
And unpaid Wednesday players are raging after being left out of pocket for several months.
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SunSport exclusively revealed how upset stars have asked the EFL to send them money.
Wednesday are now banned from buying players until 2027.
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Danny Rohl remains absent from the Owls’ pre-season amid the ongoing transfer embargoCredit: Getty