Timeline revealed for potential Sheffield Wednesday takeover as 10 parties show proof of funds | OneFootball

Sheffield Wednesday were placed into administration in October and are seeking new owners

As many as 10 parties have shown the proof of funds required to be involved in the bidding process to buy Sheffield Wednesday.

According to the BBC, the number of potential parties that could take over the Yorkshire outfit has risen to 10 after the club went into administration weeks ago.

Current owner Dejphon Chansiri is set to lose his stake in the Championship side as a consequence of his financial mismanagement of the team in the last year.

Wages went unpaid on time on numerous occasions in 2025, which also led to departures of key players, as well as manager Danny Rohl.

Supporters have protested the Thai owner regularly since the start of the season, with fans hoping a swift resolution to the ownership situation can be found by Begbies Traynor, who have been appointed as administrators.

Sheffield Wednesday takeover latest as double-figure amount of parties show proof of funds

It’s been reported that there are now up to 10 different parties who have provided the proof of funds required to take over Sheffield Wednesday.

It’s believed that a second prospective buyer has even been given a tour of the club, including their Hillsborough stadium, as part of the bidding process.

Prospective buyers have been given a soft deadline of 21 November to get their offers into Begbies Traynor, who are overseeing this process, with that date being four weeks from when the Championship side went into administration.

Negotiations are set to take up to two weeks before a preferred option will hopefully be chosen, meaning a decision could be made by 5 December.

It remains to be seen who will take over the Yorkshire outfit, with the team struggling at the bottom of the second division table under Henrik Pedersen.

The club were handed an automatic 12 point deduction penalty by the EFL as a consequence of going into administration, which has further entrenched them at the bottom of the standings, with 15 games now played.

The likes of Mike Ashley and John Textor have both previously been linked with a potential takeover of Sheffield Wednesday, but there are several other unnamed consortiums and figures also in the mix.

Huge number of prospective owners is positive for Sheffield Wednesday

We have seen when rival sides in the EFL have gone into administration in recent years that finding a buyer can be quite tough, with the likes of Bolton Wanderers and Derby County waiting quite a while before they were saved from liquidation.

But this could yet prove a rather swift process for the Owls, who have so many different parties lining up to purchase the club.

Whittling the number down from 10 shouldn’t be too much of an issue, as the administrator’s task will simply be to find the best deal possible for Sheffield Wednesday’s creditors.

Supporters will be relieved if a deal is agreed by 5 December, and that would open up the possibility that a new owner could be ratified by the EFL in time for the new year.