Sheffield Wednesday will be expecting for a brighter future under James Bord, who is looking to clinch a deal to buy the club.

Two point deductions imply relegation to League One is unavoidable this season, yet there were legitimate concerns about the club’s future. However, Bord has been designated the preferred bidder following a lengthy process, and he is now attempting to finalize the transaction.

Clearly, Bord will have a lot of work to do to turn Sheffield Wednesday around, and no one should anticipate a quick remedy.

One of his goals will be to secure long-term stability, which will need cost restraint, particularly with regard to the wages paid by the club.

While we must underline that these are simply estimations, Capology estimates that Wednesday currently has an annual pay expense of £11.5 million, which equates to £221,450 each week.

Again, these are estimations, but that is a significant figure for any third-tier team, and Bord will need to handle it promptly.

Of course, it could have been much worse, as Wednesday are currently depending heavily on academy players, who are unlikely to attract the same wages as experienced professionals had at Hillsborough in the past.

Furthermore, it is unclear whether individual contracts include terms that would result in wage reductions in the event of relegation.

Another intriguing statistic is that estimated top earner Barry Bannan, as well as Dominic Iorfa, Max Lowe, Jamal Lowe, and Liam Cooper, are all out of contract in the summer and are among the highest-paid players.

James Bord will have the opportunity to start anew at Sheffield Wednesday.

As a result, Bord may have a blank canvas on which to make his mark at Sheffield Wednesday.

We know he has a background in sports analytics, and it’s clear that a substantial makeover will be required in the summer to get the Yorkshire team ready to contend for promotion, which must be the goal for a club like Wednesday.

However, the prospective new owner will be held accountable for ensuring that Wednesday works within its means, so it’s all about striking the correct balance between the players you attract and the wages you pay.

So Bord has those issues, and everyone associated to Wednesday will be hoping that they can get their recruitment right in what promises to be a busy summer for the club.