The joint administrators have issued an update on the sale process \u2935\ufe0f<\/p>\n
\ud83d\udd17 https:\/\/t.co\/dwbdsy2egD<\/a> pic.twitter.com\/OcKApJcauk<\/a><\/p>\n \u2014 Sheffield Wednesday (@swfc) February 25, 2026<\/a><\/p>\n<\/blockquote>\n The group spent more than \u00a34m on running costs during the last two months but announced on Wednesday morning it was withdrawing from the process as the scale of its original bid was no longer justifiable and could not be renegotiated.<\/p>\n A statement from administrators revealed Bord\u2019s offer would have delivered a full exit from administration, enabling the club to begin the 2026-27 season without a points deduction, but the takeover process would not have to restart from scratch.<\/p>\n \u201cWe have already been contacted by other parties who previously participated in the sales process and who have reiterated their interest in acquiring the club,\u201d read a statement from Begbies Traynor.<\/p>\n \u201cWe are therefore moving immediately to re-engage with those bidders under a new expedited timetable.\u201d<\/p>\n The setback comes three days after the Owls\u2019 relegation from the Sky Bet Championship was mathematically confirmed.<\/p>\n According to administrators, the club have sufficient funds to complete their 13 remaining fixtures, starting away to Norwich on Wednesday evening.<\/p>\n They reaffirmed aims to secure the best achievable outcome for creditors, protect the club\u2019s long-term future, and to exit administration in a responsible manner.<\/p>\n In explaining the collapse of the deal, the consortium pointed to the \u201chistoric mishandling\u201d of the club under previous owner Dejphon Chansiri.<\/p>\n \u201cWe have fondly watched Wednesday from afar for many years,\u201d said a consortium spokesperson, in an open letter to fans.<\/p>\n \u201cIt is a club whose glory has been diminished over the years by poor owners who forgot or intentionally disregarded your passion, your history and your value. You deserved, and deserve, better.<\/p>\n \u201cTragically, the historic mishandling of the club and pattern of catastrophic under-investment means our sizeable binding bid can no longer be justified.\u201d<\/p>\n Wednesday were deducted 12 points after entering administration in October before being hit with a further six-point penalty in December for late payment of wages.<\/p>\n The Trust notes today\u2019s announcement that the James Bord consortium has withdrawn from bidding to buy #SWFC<\/a>.<\/p>\n We now call on our Administrators and relevant regulators to move this process forward as quickly as possible to ensure Sheffield Wednesday can have a suitable new owner\u2026<\/p>\n![\"Former](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/02\/2.81944216.jpg\")
The consortium said the \u201chistoric mishandling\u201d of the club by former owner Dejphon Chansiri was a factor in its withdrawal (Martin Rickett\/PA)<\/p>\n\n