What's happening with Sheffield Wednesday and a potential takeover from Anders Holch Povlsen? | OneFootball

Danish businessman Anders Holch Povlsen is not expected to make a move to buy Sheffield Wednesday.

Anders Holch Povlsen is not expected to make an offer for Sheffield Wednesday as the administrators look to name a preferred bidder for the Championship outfit.

The Owls’ issues are well-known, with the club having entered administration towards the end of October, which brought a 12-point deduction.

They have now been hit with another six-point deduction, so relegation to League One is nailed on, but there is a relief among the fan base that Dejphon Chansiri’s time in charge of the club had come to an end.

Anders Holch Povlsen is not in the running to buy Sheffield Wednesday

Since the club went into administration, a host of parties have been linked with purchasing the Yorkshire side, and the fans are waiting with interest to see who emerges as the preferred bidder, which should happen later this month.

It had been suggested that Povlsen was keen on buying the club, with the Danish businessman believed to have a net worth that exceeds $13bn, according to Forbes.

He is the largest shareholder of ASOS, and he has plenty of other business interests that have contributed to his enormous wealth.

Another reason he could be seen as an attractive option is that he is involved with football, having 95.5% of the shares of Danish side FC Midtjylland.

They have enjoyed a hugely successful period in their recent history, and they are renowned for their approach when it comes to their work in the transfer market and identifying talent for relatively low prices that are often flipped for profit.

So, that would’ve appealed to Wednesday, but journalist Matt Shrimper confirmed that Povlsen has ‘not made a bid’, and that he is ‘not intending’ to make one either.

Sheffield Wednesday fans will be looking forward to a new era after Dejphon Chansiri pain

As mentioned, there was a lot to like about Povlsen as he ticked several boxes when it came to what the fans would want from their next owner.

Yet, it’s clearly not going to happen, but there are still plenty of other credible buyers out there, which is no surprise when you consider how attractive an option the Owls are.

Now, it’s a case of waiting to see what happens, as there will be some major developments in the coming weeks that are going to shape the future of Sheffield Wednesday.

So, it will be intriguing to see who is the preferred bidder, but once the ownership is confirmed, it will give Wednesday fans hope for a brighter future, even if they will be in League One next season.