Sheffield Wednesday takeover bids below the previously desired £30m are now to be considered as previously interested parties return to the race, as per The Star.
Sheffield Wednesday entered administration in October, ousting owner Dejphon Chansiri after a 2025 from hell. Many felt the point deductions and peril that comes with administration was a price worth paying to be rid of the Thai businessman.
Significant takeover interest and fans’ investment in tickets and merchandise seemingly had SWFC well-placed to be under new ownership in good time. However, targeted dates have been missed, and the process has dragged into Christmas.
Image courtesy of: ANDREW BOYERS/REUTERS.
Now, The Star has shared details of a new twist in the saga. Bids below the previously expected takeover price of £30m to £35m are now set to be considered, and that is bringing parties back into the race.
They state at least one consortium is expected to re-enter the running, alongside more. It is said that some parties could move to buy Sheffield Wednesday for just £15m to £20m, willing to accept the 15-point deduction that comes with failing to pay the 25p on the pound owed to creditors.
The Sheffield Wednesday takeover race drags on into 2026
When Sheffield Wednesday entered administration, there was understandable glee among fans. Support poured in with Hillsborough packed out and the club shop busy throughout almost the entire day.
That spirit bred momentum, but the dragging process has seen that wane. Missed target dates and twists in the saga have led us to here, where a new takeover price and re-emerging interest leaves fans no clearer on who their next owner will be.
Image courtesy of: ANDREW BOYERS/REUTERS.
Though frustrating from the fans’ perspective, the priority of administrators Begbies Traynor is to get the best deal for SWFC. Not only that, but the buyers must have clear plans and ambitions for a brighter future in the Steel City.
With no preferred bidder named, no one has yet satisfied the criteria set out it seems.
The impact of a 15-point deduction for Sheffield Wednesday in 2026/27
Sheffield Wednesday know they will be playing League One football next season. A total of 18 points deducted means they are completely cut adrift at the foot of the Championship table.
Sheffield Wednesday – Championship table
Even without the points deduction, SWFC would have recorded just nine points in 21 games. They are 30 points away from safety and heading down.
However, to start next season on -15 points would be a huge blow. It would almost certainly rule out their chances of bouncing back to the Championship straight away, and depending on what state the squad is in come the start of the 2026/27 campaign, it might even be an uphill task to stay up.
Not only that, but the mental tole has to be taken into account too. It would be another season of fighting uphill for the Owls, and that would not be easy after doing so for the entirety of 2025/26.