![\"Henrik](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/03\/Henrik-Pedersen-Sheffield-Wednesday-1140x641.jpg\")
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(Credit: Imago)<\/p>\n
![\"James](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/jamesmurray-150x150.jpg\")
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Mon 2 March 2026 16:04, UK <\/p>\n
Sheffield Wednesday will have to wait at least four weeks before a new takeover deal can be finalised.\u00a0<\/strong><\/p>\n That is according to former Manchester City financial adviser Stefan Borson<\/a>, who exclusively told Football Insider<\/strong> any party who could face issues passing the owners\u2019 and directors\u2019 test is likely to be out of the running. <\/p>\n It comes after a consortium led by James Bord withdrew from the process last week despite being granted exclusivity by the club\u2019s administrators in December following his \u00a347.8million offer. <\/p>\n It is understood three parties remain interested in buying\u00a0Sheffield Wednesday<\/a>, including former Newcastle United owner\u00a0Mike Ashley<\/a>.\u00a0<\/p>\n The Owls have already been relegated from the\u00a0Championship<\/a>\u00a0after being deducted 18 points this season.\u00a0<\/p>\n What Sheffield Wednesday administrators have said about takeover process<\/p>\n Bord has lost more than \u00a34m of his own following his attempt to take over at Hillsborough. <\/p>\n MORE FOOTBALL INSIDER STORIES<\/p>\n The former professional poker player paid a \u00a32.5m non-returnable deposit when he was given preferred bidder status, while he\u2019s put forward more than \u00a31.5m to fund the club\u2019s day-to-day operations. <\/p>\n Speaking exclusively to Football Insider<\/strong>, Borson discussed where Sheffield Wednesday stand after Bord has pulled out of the running. <\/p>\n \u201cThere\u2019s an urgency,\u201d said Borson. <\/p>\n \u201cI mean, the administrators have said publicly that they\u2019ve got enough money to get to the end of the season. Of course, the implicit statement there is that beyond the end of season, they don\u2019t have enough money, and that\u2019s the challenge, so the clock is ticking.\u00a0<\/p>\n \u201cWe are in March. Even the quickest deal is going to take let\u2019s say four weeks, so you\u2019re going to at least the beginning of April, even the quickest. There\u2019s very little leeway for an elongated process. I think what\u2019s going to happen now is that any bidder who has got any kind of issue getting through an owners\u2019 and directors\u2019 test is basically out. <\/p>\n \u201cI don\u2019t think the administrator could take any risk now of going through with another party, no matter how much they were putting on the table frankly, that was then going to be rejected.\u201d\u00a0<\/p>\n Why Sheffield Wednesday adminstrators accepted James Bord offer<\/p>\n Borson insisted it made sense for the administrators to hand Bord preferred bidder status due to Sheffield Wednesday\u2019s financial situation. <\/p>\n \u201cI understand why they would have gone with the Bord bid originally because, ultimately, the Bord situation de-risked it for the administrator by paying the bills,\u201d said Borson. <\/p>\n \u201cThey gave them a big chunky deposit. They also paid the bills for January, and the only reason that they stopped was because they didn\u2019t want to pay any more of the bills for February. I think in the context where they were probably not going to get approval by the regulator.\u00a0<\/p>\n \u201cI mean, we don\u2019t know that because they said that they were fine on the regulation side, but obviously it was dragging on and, at some point, you have to say enough is enough. <\/p>\n \u201cIt\u2019s a strange way to spend \u00a34m-plus, but they\u2019ve done that and that\u2019s to the benefit of Sheffield Wednesday and the administrator because it\u2019s an enormous amount of money. It\u2019s paid the bills.\u201d <\/p>\n For more Sheffield Wednesday and exclusive news, follow us on\u00a0Facebook<\/a>\u00a0or join our brand new\u00a0WhatsApp Channel<\/a>\u00a0for instant updates to be sent straight to your phone. <\/p>\n","protected":false},"excerpt":{"rendered":"(Credit: Imago) Mon 2 March 2026 16:04, UK Sheffield Wednesday will have to wait at least four weeks…\n","protected":false},"author":2,"featured_media":799692,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8817],"tags":[748,9030,393,4884,96167,1620,21069,93519,16,15],"class_list":{"0":"post-799691","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sheffield","8":"tag-britain","9":"tag-championship","10":"tag-england","11":"tag-great-britain","12":"tag-mike-ashley","13":"tag-sheffield","14":"tag-sheffield-wednesday","15":"tag-stefan-borson","16":"tag-uk","17":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116161418629705867","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/799691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=799691"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/799691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/799692"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=799691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=799691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=799691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/03\/Mike-Ashley-1200-\u00d7-824px-1024x703.jpg\")
Credit: Getty Images<\/p>\n![\"Sheffield](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/Henrik-Pedersen-Sheffield-Wednesday-1024x576.png\")
Credit: Sheffield Wednesday<\/p>\n