Takeover 'expert' reveals information on Sheffield Wednesday situation | OneFootball

Sheffield Wednesday are seeking a new owner after being in administration since October

Sheffield Wednesday remain in takeover limbo following the collapse of the bid by the consortium led by James Bord.

The Owls have been in administration since October, and it was hoped that the naming of Bord’s offer as the preferred choice would bring a swift resolution to the process of finding a new owner.

However, the club are back to square one now, with fresh bids arriving earlier this month from the likes of Mike Ashley, as well as the Storch family.

It has been a difficult last 12 months for the Yorkshire outfit, who saw a number of key players depart following late payments of wages, along with highly-rated coach Danny Rohl.

Henrik Pedersen took over the first team squad in the summer, but he has overseen just one win as head coach, and Sheffield Wednesday’s relegation to League One has already been confirmed.

Supporters will be hoping that a new preferred bidder will be named soon, with the survival of the club at stake.

Sheffield Wednesday takeover update from expert

It has been reported that Ashley’s offer is significantly lower than that of the Storch family following the latest round of bids last week.

And according to The Star, this won’t necessarily rule the former Newcastle United owner out of contention from the bidding process.;

It’s been claimed by an expert that the best bid won’t necessarily equal the biggest bid following the collapse of Bord’s effort to buy the club.

The former poker player’s consortium reportedly offered £47.8 million to buy Sheffield Wednesday, which far exceeded any of the other bidders.

This will explain why there are several factors at play when Begbies Traynor are deciding who will be the next prospective owner of the Championship side.

It’s believed that none of the offers received by the administrators exceeds their reserve price for the Yorkshire outfit, with all bidders accepting a likely 15 point penalty deduction from the EFL for next season.

However, because of this, the biggest number won’t be a guarantee of winning preferred bidder status, as the speed of being able to get the takeover completed will also need to be taken into account.

Sheffield Wednesday are running out of money, and they may only have enough to cover to the end of the current campaign, so time is of the essence in getting a takeover ratified by the EFL.

Speed has to be taken into account with Sheffield Wednesday takeover situation

With no potential buyer offering more than the reserve price that will avoid any further points deductions, speed has to be taken into account by Begbies Traynor.

If any of these parties wanted to take command of this bidding process, then getting above that figure could do the trick.

But it’s vital that the administrators name a preferred bidder that can get a takeover ratified by the EFL before the club runs out of money.

That could be advantageous to Ashley, as evaluating Storch’s offer could take longer due to his money being wrapped up abroad.