Sheffield Wednesday are expected to receive final takeover offers today with three bidders remaining active, according to The Star.
Sheffield Wednesday are waiting on a takeover to lift them out of administration and leave Dejphon Chansiri’s reign well and truly in the past.
SWFC were plunged into administration in October with the Thai businessman ousted at the same time. Since then, Begbies Traynor have been stabilising the club while fielding interest from takeover parties across the world.
Image courtesy of: JOHN CLIFTON/REUTERS.
Now, as the wait drags on for the Hillsborough faithful, The Star has revealed that Wednesday is set to be a crucial day. It is said that a final complement of takeover bids are expected to come in today, marking a significant step towards a preferred bidder being named.
As it stands, three final bidders remain in active talks: Mike Ashley, a U.S. consortium led by John McEvoy and the Storch family, and a bid led by James Bord. It has been indicated that the £30m valuation is set to remain in place with the indicative offers of the U.S. group and Bord coming in above that sum.
Sheffield Wednesday fans wait with bated breath amid new takeover update
Things could move fast after this new Sheffield Wednesday takeover update. However, it appears to rest on a lot.
If matching bids are made then a negotiating period between the bidders and administrators could follow. Furthermore, if the threshold figure of £30m is not met, the door could open for parties who initially dropped out of the race to re-enter.
Image courtesy of: DAVID KLEIN/REUTERS.
Nonetheless, this marks a promising update for SWFC. Earlier progress had been targeted with an initial December 5th deadline set for a preferred bidder to be named, but that passed with little ground made.
It seems a decisive moment could be just a matter of days away now though. It would appear likely that one of Ashley, Bord or the U.S. consortium will be the next owners of Sheffield Wednesday.
What would a Sheffield Wednesday takeover mean for January?
There are a lot of i’s to dot and t’s to cross before a Sheffield Wednesday takeover is completed. However, eyes will quickly turn to how it could shape their January transfer window.
Henrik Pedersen has confirmed SWFC have been making some recruitment plans in case the door opens for them to make signings. Of course, they are restricted from paying fees, but settling debt to creditors and any other money owed should see registration limitations lifted.
That would allow the Owls to make loan signings, while there will be a new batch of free agents available. Given how the process has dragged, it might not be until late in the window until they can make moves with a little more freedom.
Regardless, the possibility of adding to Pedersen’s threadbare squad is an exciting one.