Simon Jordan drops Sheffield Wednesday takeover claim - 'It’s a hell of a load of money' | OneFootball

Sheffield Wednesday are the subject of a takeover offer that is still awaiting ratification from the EFL

Sheffield Wednesday have officially been relegated to League One after their 2-1 loss to Sheffield United last weekend.

The Owls have endured a tumultuous last 12 months, with the club currently in administration and awaiting a potential takeover.

A consortium led by James Bord has been named as the preferred bidder by administrators Begbies Traynor.

The former poker player is looking to take over the Championship side from Dejphon Chansiri, who led the team to significant financial difficulties.

It has been claimed that their offer is worth around £32.5 million, which will exceed the £30 million reserve price that will ensure all creditors are paid in full.

If this deal goes through, then it will ensure that the Owls do not receive a 15 point penalty next season for life in League One.

Simon Jordan’s Sheffield Wednesday takeover optimism

Simon Jordan has explained that he is confident the Sheffield Wednesday takeover will go through amid uncertainty surrounding Bord’s attempts to buy the Yorkshire outfit.

He believes a deposit of around £2 to 3 million was paid as part of their agreement to buy the club, and that this injection of cashflow, along with some other potential funding, has kept the deal in place as the ratification process drags on.

“The interesting thing for these guys, they must have paid a 10 per cent deposit on the way in,” said Jordan, via Talksport.

“That’s why the administrator is not clucking, because he’s got some cashflow.

“But they will have paid £2m or £3m on the way in to have got themselves into preferred bidder status.

“That to me means, why would they put themselves in that position if there isn’t a good indication that they’re going to get through, despite the challenges, despite some of the nuances and complications that are going around that’s taking a period of time.

“It’s a hell of a load of money to throw away, and I think they’re doing some funding as well.”

Sheffield Wednesday have already been deducted 18 points this season by the EFL due to going into administration, as well as financial rule breaches.

This has led to Henrik Pedersen’s side being relegated after just 33 games of the campaign played, with the team on minus seven points.

The Owls have won just one game all term, drawing another eight and losing the rest, leading to a historically early relegation.

The club will be hoping to conclude a takeover as quickly as possible, particularly with reports that they are currently losing £1 million per month, which is being covered by Bord’s consortium.

Confirmation of a new owner will allow Sheffield Wednesday to begin their plans for life in League One next season, with their sights surely set on quickly making a return to the Championship.

The Yorkshire outfit earned promotion from the third tier in 2023 under Darren Moore, and they earned 20th and 12th place finishes before suffering relegation in 2026.

Next up for Sheffield Wednesday is a trip to face Norwich City on Wednesday evening in a 7.45pm kick-off.

The longer this takeover drags on the more anxious Sheffield Wednesday fans will be

The Bord consortium were named as the preferred bidder back in December, and it is now almost March without a conclusion.

This long wait is dragging on, and it is making supporters nervous that it could fall through, which would be a disaster for the club.

Jordan’s comments should ease some of those concerns, as it is sensible to assume that everything is still on track until something comes out to suggest otherwise.

While the source of the consortium’s income remains unclear, all that matters is that they can prove it to the EFL, as it’s ultimately their decision whether or not to ratify this takeover.