Simon Jordan believes prospective suitors could snap up crisis club Sheffield Wednesday for just £30million.
The Championship’s bottom club entered administration last month having failed to pay players on time in five of the previous seven months.
Simon Jordan reveals what he thinks Sheffield Wednesday are currently worth!
The move brought an end to the controversial ten-year reign of owner Dejphon Chansiri while Wednesday were hit with a 12-point deduction.
Riding the storm
While it appears that Wednesday may be doomed to relegation this season, fans have found some joy in the club’s tumultuous situation.
Supporters have flocked to the club’s merchandise store in droves while attendances have also increased with many returning from their anti-Chansiri hiatus.
Wednesday are now looking for new owners as they plot a new era but it remains to be seen what the club’s valuation will be.
Chansiri acquired Sheffield Wednesday for £30m in 2015 and former Crystal Palace owner Jordan believes a similar fee would probably be enough to buy the Championship strugglers.
“If I were buying it I’d want to pay as little as possible and give Chansiri as little as I possibly could,” Jordan told talkSPORT.
“But I wouldn’t want to make the administrator’s job very difficult if I were buying it.
“I would suspect that if you could work hard with the EFL and the administrators and work hard with the idea of being robust with Chansiri and take some views on what he may or may not do post the completion of administration – all in, £30million with the stadium.
“But that’s the beginning of the conversation.”
Jordan previously spoke highly of Sheffield Wednesday’s potential under the right ownership after being linked with a takeover of the club.
4
Chansiri’s ownership is all-but over at Sheffield WednesdayCredit: Getty
4
Wednesday fans have returned to support the team following administrationCredit: Getty
Although Jordan poured cold water on that suggestion, the talkSPORT pundit still believes that purchasing The Owls would represent good business and explained why potential owners would be investing their money wisely.
Huge potential
“I think you’ll know what you’re going to find when you go in there, which is a stadium because it’s a public matter of public record,” Jordan added.
“It’s a stadium that needs significant investment but what you’ve got is a community and a football club that’s got huge potential.
“If you actually look at Sheffield Wednesday despite the fact they’ve got potential, their digital footprint is nowhere near, funnily enough, what Sheffield United is. That’s because Sheffield United have been in the Premier League.
“I looked at a comparison the other day which was Stoke, in the Championship. You look at their digital footprint and it’s in the millions and Sheffield Wednesday isn’t.
“But Sheffield Wednesday is definitely a bigger football club with bigger potential and bigger opportunity.”
4
Supporters spent over £200,000 at the club shop in the hours after administration was announcedCredit: Getty
4
Jordan believes Wednesday can be snapped up for as little as £30m
Jordan urged the club’s future owners to look at a Championship rival club as the blueprint of progression and sustainability.
“It’s going to be a League One football club next year and I suggest the model you want to look at is what Ipswich managed to achieve which is not too much money poured in, building a football club with a bit of sustainability and a bit of ambition attached to it,” Jordan continued.
“The fanbase wants people to lead them. They want somebody who can take that club forward in my view.
“But they also want a football club that’s successful.
“Of course everyone will scream for the next Middle Eastern owner or the next American owner but in an ideal world it might be nice to have an owner that comes from that part of the world (Sheffield).”