Sheffield Wednesday takeover news: Price-tag set after Mike Ashley lowball, Dejphon Chansiri update, Anders Holch Povlsen situation | OneFootball

Here's the latest surrounding Sheffield Wednesday's ongoing takeover talks

It's now been over a month since Sheffield Wednesday went into administration, marking the end of the decade-long reign of Dejphon Chansiri.

The Owls were deducted 12 points at the end of October for entering administration, and since then, the administrators and partners at Begbies Traynor have been working tirelessly with several interested parties to make this process as swift as possible.

It will be another three years at least until Thai businessman Chansiri is allowed to return to an EFL club as an owner or director due to the multiple breaches of financial regulations he committed during the final stages of his tenure, which also incurred another points deduction, taking their deducted tally to 18 for the season so far.

Despite the baggage their former owner left behind still lingering, Wednesdayites are still eager to look forward and take every update regarding a new owner positively.

With that in mind, here's the latest surrounding who will succeed Chansiri as Wednesday owner.

There were multiple interested parties when it came to buying Sheffield Wednesday, with at least 11 parties providing proof of funds to take the club on. Therefore, there was a chance that the administration could be over at the earliest possible point.

Proof of funds doesn't equate to a bid. However, according to The Athletic, there are still set to be six bidders in what they call "the final battle to secure ownership".

Given the deadlines put in place when a club goes into administration, Kris Wigfield, the managing partner of Begbies Traynor, stated on November 21 that he hoped that they would have a preferred bidder by December 5.

However, The Athletic's report states that this will no longer be the case due to the number of people set to come and meet them to discuss a deal.

The process is set to only be pushed back for another week or so, according to Paul Stanley, the joint administrator, and there should still be a definitive outcome surrounding a sale in the new year.

Anders Holch Povlsen out of the running to buy Sheffield Wednesday

In what might come as a shame for Wednesday fans, FC Midtjylland owner Anders Holch Povlsen isn't intending to make a bid, according to Matt Slater on X.

The report from The Athletic did state that Povlsen, who is regarded as Denmark's richest man and has a net worth of $13.3 billion, was interested, but it was unclear whether he'd be making a firm offer.

This doesn't seem to be the case anymore, however, as Povlsen has been confirmed to be out of the running.

Administrators set minimum price for Sheffield Wednesday - Mike Ashley falls short in first bid

The only reported bid which has come in thus far has been from former Newcastle United owner Mike Ashley. However, this bid of £20 million was immediately turned down by the administrators.

All interested parties had to provide proof of £50 million in funds to help prove that they could safely run Sheffield Wednesday over the coming years, but these interested parties are going to have to pay at least £30 million initially to buy the club.

Stanley told The Athletic that this is to cover outstanding taxes, secure football creditors and other creditors, who must be paid 25p in the £1 if Wednesday are to satisfy insolvency rules and escape even further punishment next season, which would stand initially as a 15-point deduction.

Additionally, Dejphon Chansiri himself is set to earn £15 million from the sale, too.

"Anyone thinking they're being clever by offering lower than £30 million would end up getting 15 points deducted next season. The number has to start with a three," Stanley said.

Wednesday are all but certain to be starting the 2026/27 campaign as a League One club, especially given that they are now a mammoth 27 points from safety. But right now, the focus isn't primarily on the field.