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According to joint-administrator Kris Wigfield, Sheffield Wednesday are now expecting “concrete” takeover bids “soon” as the Owls push towards a new era.
The numbers of bidders for Sheffield Wednesday are “well into the double figures” but Wigfield urged “patience” in the effort to find a new buyer for the club. Wednesday’s well-established financial issues culminated in them being placed into administration last month, which led to a 12-point deduction and left them rooted to the foot of the Championship.
A flexible deadline of next Friday has been set for offers for the Owls, four weeks after they went into administration, and Wigfield has been encouraged by the number of suitors for the club.
Any sale can only be completed once a prospective owner has passed the English Football League’s fit and proper persons’ test, and Wigfield insisted finding feasible applicants will take time.
Wigfield took the time to thank the fans for their support since arriving at the club, which has helped those at Hillsborough pay their staff and players on time.
“On a shorter-term basis, the efforts of the fans have not only meant that employees can be paid this month, but that November and December wages can be paid on time and ahead of Christmas.
“This puts the club on a sounder footing going forward and comes at a time when serious bidders will be examining the finances and analyzing the potential of this historic club – we all think it is very important that the fans know what a huge difference they are making. Until a sale is complete, we will continue to work hard to do the best for the club, the employees and the fans.”
Regarding the takeover, a number of parties have reportedly shown proof of funds worth £50m and an American party has even been shown around the club ahead of a potential bid.
Sheffield Wednesday braced for “concrete” takeover bid
With next Friday’s soft deadline in place, the Owls are bracing themselves for a “concrete” takeover bid, which may be on its way imminently ahead of next week’s soft deadline.
Wigfield revealed the news and told fans that he expects bids to arrive as soon as inquiries are thinned down to “serious” buyers. The join-administrator once again reiterated that there has been substantial interest in buying the club.
He said: “This discussion is to be expected for such a big club and as we quickly approach the end of the EFL’s compulsory marketing deadline it is likely to intensify.
“However, we will hope to see concrete offers made soon as inquiries – which have been well into the double figures from across the globe – are thinned down into serious and viable bidders that can secure the long-term future of Sheffield Wednesday. It is during this period that even more patience will be required.”
While they look destined for relegation on the pitch, things are finally starting to look up for Sheffield Wednesday in the boardroom as they look to meet next Friday’s takeover deadline.
