How much Simon Jordan sold Crystal Palace for as Sheffield Wednesday takeover talk lurks | OneFootball

Simon Jordan has been linked with a possible takeover of Sheffield Wednesday in recent months

Sheffield Wednesday are awaiting progress on the takeover situation following the collapse of James Bord’s offer to buy the club.

The entrepreneur, who is a founder of data company Short Circuit Science, and former poker player led a consortium that had been named as the preferred bidder to purchase the Owls in December.

But the group has since pulled out of the deal, leaving the Yorkshire outfit in limbo as they remain in administration and under the administration of Begbies Traynor.

A number of names were previously linked with a takeover of the Championship side, but it remains to be seen who will be named as the new preferred option, with the next round of negotiations set to get underway soon.

Henrik Pedersen’s side have already suffered relegation to League One due to their disastrous form, with the team stuck on minus seven points due to their 18 point deduction penalties handed to them by the EFL.

Sheffield Wednesday will be hoping for a swift resolution to these upcoming takeover talks, with the club in administration since October when Dejphon Chansiri relinquished his control.

Simon Jordan linked with Sheffield Wednesday takeover - how much did he sell Crystal Palace for?

Simon Jordan is one of the names who has been linked with a deal to buy Sheffield Wednesday in recent months.

The 58-year-old has previous experience in English football, having been the owner and chairman at Crystal Palace from 2000 to 2010.

The businessman purchased the Eagles in a deal worth a reported £11 million from Jerry Lim, who saved the club from the brink after they went into administration.

Jordan’s time as owner of Crystal Palace peaked with promotion to the Premier League in 2004, but an 18th-placed finish in 2005 ensured that they spent just one year in the division.

While the London outfit made it to the play-offs in subsequent campaigns, they were closer to relegation trouble by the time his ownership of the team came to an end.

However, Jordan did not formally sell his stake in Crystal Palace, as financial issues plunged the Eagles into administration once again.

The 61-year-old’s tenure as owner came to an end on January 26, 2010, after cash flow issues led to players and staff not being paid on time.

Crystal Palace were ultimately saved from liquidation when a four-man consortium named CPFC 2010 - led by Steve Parish - purchased the South London amid their £30 million worth of debt, ultimately leaving Jordan with nothing.

Simon Jordan’s Sheffield Wednesday takeover stance

Jordan was initially linked with a possible takeover of Sheffield Wednesday prior to Bord’s consortium being named as the preferred bidder.

The former Crystal Palace owner and chairman had teamed up with Sheffield-born businessman Ryan Howsam to form a consortium that considered a takeover of the Championship side.

However, the talkSPORT pundit has since confirmed that he has no interest in reviving his attempt to be involved in a takeover of the Hillsborough outfit.

Jordan though has opened the door for Howsam to continue his pursuit of the Owls, with a number of interested parties now coming forward following the collapse of Bord’s offer, but it's something he won't actively be pursuing himself.

It has been claimed that Mike Ashley and David Storch are currently considered the front-runners to purchase Sheffield Wednesday, with bids expected as early as Friday of this week.