How Simon Jordan got rich as Sheffield Wednesday takeover links linger | OneFootball

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

Sheffield Wednesday are stuck in takeover limbo following the collapse of James Bords’s offer to buy the club.

The Owls have been in administration since October, but a preferred bidder was named in December that offered some light at the end of the tunnel.

However, the consortium backed by Bord has since pulled out of the deal, leaving the Yorkshire outfit back at square one again.

There will now be greater urgency to find a replacement buyer for the Championship side, who face the threat of liquidation if the club runs out of money before a takeover can be agreed.

Henrik Pedersen’s side have already had their relegation to League One confirmed following a disastrous campaign in which they were docked 18 points by the EFL.

It remains to be seen who will be named the next preferred bidder for Sheffield Wednesday, with Begbies Traynor overseeing a fresh negotiating process.

How Simon Jordan got rich

Simon Jordan was linked with a potential takeover of Sheffield Wednesday in late 2025, prior to Bord’s offer being named as the preferred bid.

While the former Crystal Palace owner’s attempt to buy the club failed to come to fruition, he has continued to discuss the situation in the months since.

It wouldn’t be his first foray into football, having previously been in charge at Crystal Palace from 2000 to 2010.

He bought the club for a reported £11 million from Singapore businessman Peter Lim, who had prevented the Eagles from going into liquidation during their administration period.

But the then 32-year-old had the money to complete such a move due to the success of his business Pocket Phone Shop.

He and his business partner Andrew Briggs sold the company to One2One in 2000 for a reported £73 million, with the prospective Sheffield Wednesday bidder pocketing half.

This gave him a fortune of £36.5 million, which formed the basis of his bid to buy Crystal Palace.

However, his time as owner and chairman came to an end a decade later after financial issues led to the London outfit going into administration.

Jordan has also been a film producer, author and he currently works as a pundit on Talksport.

Simon Jordan’s Sheffield Wednesday takeover plans

Jordan has opened up on whether or not he will go back with another attempt to buy Sheffield Wednesday following the collapse of Bord’s bid.

The 58-year-old was originally planning on teaming up with Sheffield-native Ryan Howsam to put together an offer for the Yorkshire outfit.

However, the former Crystal Palace owner has since confirmed that he has no intention of returning with a fresh bid for the Owls.

But he has left the door open for Howsam to continue a possible pursuit of owning the Championship side.

It was reported that Bord’s consortium made an offer worth £47.8 million to buy the club, but it is unlikely any figure like that will be reached again.

Begbies Traynor have set a £30 million reserve price that will ensure all creditors are paid, with the threat of a further 15 points deduction hanging over Sheffield Wednesday if that criteria isn’t met.