EFL take action on Sheffield Wednesday takeover amid James Bord legal case | OneFootball

The EFL have yet to approve James Bord's bid to buy Sheffield Wednesday

The EFL are set to receive background on the legal case involving James Bord amid his bid to buy Sheffield Wednesday.

According to The Star, the offer led by the former poker player is not on the verge of collapse as the league continues their due diligence into the bid.

The Englishman’s consortium was named as the preferred option to take over from Dejphon Chansiri at Hillsborough in December, but is still awaiting approval from the EFL before completing the deal.

It has been reported that the consortium has made an offer worth £32.5 million to buy the Championship club, beating out Mike Ashley, as well as the Storch family, in the negotiating process.

Henrik Pedersen’s side are set to be relegated to League One this season, and could suffer the drop as soon as this weekend.

Sheffield Wednesday takeover latest

It’s understood that the EFL are set to receive background on Bord’s legal case involving business partner Jonathan Cohen.

The league are set to seek information regarding the case as they continue their checks on the 45-year-old before any decision is made on whether to approve his takeover of Sheffield Wednesday.

It’s believed that the bid is not on the verge of collapse at this stage, with the prospective new owner currently funding the club’s losses as they await ratification.

The wait for a decision from the EFL could last yet another few weeks, with supporters growing impatient at the lack of progress.

It was reported earlier this week that Cohen is seeking a civil case against Bord, with it being alleged that he willfully deceived his business into thinking that Cordoba FC were debt-free before they invested into the Spanish club, yet they were in fact £16.9 million in debt.

Sheffield Wednesday have been in administration since October, and fans will be hoping for a resolution as swiftly as possible.

James Bord legal case is an unwanted wrinkle in Sheffield Wednesday bid

It’s been reported that Bord has yet to be served regarding this potential civil case against him, but this could still have a role to play in the EFL’s ratification process.

It remains to be seen whether this could disqualify Bord from being able to take over the Championship side at this stage, but it has the potential to scupper the bid.

Because there are many directors involved in the bid to buy the Owls, it is causing the ratification process to take longer.

But the more this drags on, the more concerned supporters will become that the club could end up back at square one if the takeover collapses.