How much Sheffield Wednesday is likely to be sold for compared to Sheffield United's final sale price | OneFootball

We compared Sheffield Wednesday's expected sale price to how much Sheffield United were bought for last year.

As Sheffield Wednesday and Sheffield United prepare to meet after the international break, it is fair to say it has been a miserable season so far on both sides of the Steel City.

After months of financial and off-field turmoil, Dejphon Chansiri finally departed Sheffield Wednesday last month when he put the club and the company through which he owned the stadium into administration, but with much of the damage already done, his exit came far too late to save their season.

The Owls were already facing an uphill battle to stay in the Championship after a host of summer exits left them with a threadbare squad, and the 12-point deduction they received for entering administration all but guarantees they will be relegated to League One, but with a takeover expected to be completed within the coming months, there is reason for optimism at Hillsborough.

After losing to Sunderland in last season's play-off final, Sheffield United made the controversial call to part company with manager Chris Wilder in the summer, and the decision certainly backfired, with his successor Ruben Selles losing all of his five league games in charge before being dismissed in September.

Wilder made a sensational return to Bramall Lane to replace Selles, but he has won just three of his first 10 games back at the helm, and with the Blades still languishing in the relegation zone, it looks as though a battle for survival could be ahead.

Sheffield Wednesday takeover latest as potential timeline revealed

With the international break now underway, Sheffield Wednesday supporters will be hoping for some positive news on the takeover front ahead of the visit of Sheffield United in just under two weeks time.

A host of names have been linked with a takeover of the Owls in recent weeks, including former Crystal Palace co-owner John Textor, ex-Newcastle United chief Mike Ashley, US billionaire John McEvoy and businessman David Richards, as well as a mystery European-based group who are keen to use the club as a shop window for future talent, similar to the plan used by Danish side Midtjylland.

It seems there is no shortage of interest in the South Yorkshire outfit, and, according to the BBC, 10 parties have now shown proof of funds of £50 million to Wednesday's administrators as the sale process continues, while two parties have been given a tour of Hillsborough over the past week.

In line with EFL regulations, the club must stay on the market for 28 days after entering administration, and with that in mind, a soft deadline of Friday 21st November has been set for interested parties to submit offers, with preferred bidder status set to be determined by Friday 5th December after a two-week negotiating period.

There would then be further hurdles to overcome before a deal can be sealed, with any prospective buyer needing to pass the EFL's Fit and Proper test, as well as completing due diligence, but joint-administrator Kris Wigfield has previously expressed his hope that a takeover could be finalised before the end of the year.

It is unclear exactly which parties have shown proof of funds at this stage, but it was claimed earlier this month that Ashley is preparing to make a £10 million bid for the Owls in an attempt to secure a quick deal, while Textor is known to have had contact with the club's administrators.

How Sheffield Wednesday's expected sale price compares to Sheffield United takeover deal

While they have not quite experienced the same turmoil as Sheffield Wednesday have in recent times, Sheffield United are no stranger to ownership changes, and it was not that long ago that takeover talk was the hot topic at Bramall Lane.

After years of failed takeover negotiations as former owner Prince Abdullah looked to sell the club, a deal was finally struck for the Blades last December as COH Sports, a US-based consortium led by Steve Rosen and Helmy Eltoukhy, bought the club for a total fee of £111 million.

At the time, United had recently been relegated from the Premier League and were firmly in promotion contention in the Championship, while their stadium and infrastructure is of a much higher standard than their Steel City rivals, but that did not stop Chansiri from demanding a similar sum for Wednesday prior to putting the club into administration, with reports suggesting he was not prepared to accept anything less than £100 million.

With the Owls now in administration, there has been some uncertainty over how much it will cost to complete a deal, but journalist Alan Nixon has revealed the price of buying the club and the stadium will be around £50 million, which includes debts and dealing with Chansiri.

While Chansiri is no longer in control of Wednesday, he will profit when the club are eventually sold, with The Times claiming that the Thai businessman is owed as much as £114 million, but he will only be able to recover a maximum of £28.5 million as, under EFL regulations, creditors receive 25p for every pound they are owed.

The £50 million fee that it will take to buy the Owls is only likely to be the starting point of the expenditure for any new owner, with significant investment needed in the stadium and many other areas of the club that were left to decline under Chansiri, so whoever takes over at Hillsborough will certainly need to have deep pockets.