Mike Ashley makes tens of millions offer for Sheffield Wednesday to administrators | OneFootball

Mike Ashley could soon be the new owner of Sheffield Wednesday, after making an offer to buy the club to Wednesday’s administrators.

John Percy is usually very reliable at The Telegraph and he’s the one that has broken the story.

He says that his information is that last night (Tuesday 25 November 2025) former Newcastle United owner Mike Ashley, tabled his bid to buy Championship club Sheffield Wednesday.

The man from The Telegraph stating that Ashley made a £20m offer to Sheffield Wednesday’s administrators yesterday.

It is over four years now since Newcastle United fans saw the back of them and Mike Ashley has reportedly come close to buying Derby County =, Coventry City and Reading, as he targets ailing distressed ‘brands’ he feels can make him money.

The newspaper report states that ‘Administrators Begbies Traynor have advised all interested parties to provide £50m in evidence of funds to gain access to the data room and proceed with due diligence. They are keen to name a preferred bidder by December 5.’

Kris Wigfield, managing partner of Begbies, said: “We have received a number of good offers for the club, and over the coming days we will be evaluating them in detail.

“Our hope is to grant preferred bidder status by 5 December. That would allow the EFL’s processes to begin and move the club a significant step closer to new ownership and a new chapter.”

Sheffield Wednesday are currently 19 points off safety and actually on minus four points, as they have been deducted 12 points.

Their fans deserve better and here’s hoping they find a new owner soon, who will look after their club better and rebuild it long-term. Here’s hoping for their sakes that the new owner isn’t Mike Ashley.