Controversial businessman becomes favourite for Sheffield Wednesday takeover
New bids for Sheffield Wednesday are anticipated by Friday, with prominent businessmen Mike Ashley and David Storch emerging as leading contenders to acquire the club.
This follows the recent withdrawal of a consortium led by former professional poker player James Bord, who had previously been designated as the preferred bidder.
Bord's group withdrew their £47.8 million offer, stating the scale of the original bid was no longer justifiable, despite having spent over £4 million on running costs.
Sheffield Wednesday was recently relegated to Sky Bet League One and currently faces a seven-point deficit due to earlier deductions for entering administration and late wage payments.
Administrators are working on an "expedited timetable" to identify new buyers, with the Supporters' Trust urging a swift resolution to ensure the club's competitiveness next season.