Sheffield Wednesday have been in administration since the end of October, and fans are eager for updates on James Bord’s bid to acquire the club.

Even with League One staring them in the face, Sheffield Wednesday fans are looking for positive takeover news, as the James Bord issue has been rumbling on for some time.

Bord’s relationship to Sheffield United has also stirred heated debate in recent weeks, although fans are concerned due to authorities’ delayed communication. That being said, Wednesday fans are now receiving updates in greater numbers and more quickly.

Bord would pay more than £30 million for Wednesday, which is far less than Dejphon Chansiri’s initial asking price. Despite some outstanding questions, Sheffield Wednesday fans are beginning to get enthused about the prospect of a new dawn.

There has since been an update on the situation, which includes some potentially interesting and encouraging developments.

James Bord’s takeover timeline was exposed at Sheffield Wednesday.

The IFR has apparently expressed reservations over Sheffield Wednesday’s proposed takeover by Bord in the past day. That’s because they’re concerned about the absence of other options for completing a takeover if the Bord offer fails.

However, the EFL has yet to ratify Bord’s Wednesday bid, and Bord’s lawsuit with Jonathan Cohen has complicated matters. But all of this looks to be irrelevant.

Alan Nixon has offered the following update on Bord’s prospective proposal, with Bord allegedly aiming to be in charge of Hillsborough soon. A chronology has emerged for the situation among all parties involved.

Nixon claims that they are working to be in charge within six weeks, with negotiations with the EFL underway while they complete their checks. The expectation is that Bord and co. will be cleared by April.

He also mentions that an unknown former Scottish footballer is expected to play a senior role when they take over, and that Henrik Pedersen’s future would be a top priority. He has been under contract for some time, and the incoming owners are required to make a payoff.

Henrik Pedersen’s Sheffield Wednesday days appear to be numbered; the Owls takeover could bring that.

Wednesday, who are aiming for League One, have only won once in more than 30 second-tier games and are still on a losing streak due to earlier deductions. Pedersen and co. have seen the writing on the wall since their first kick.

That is why they seek long-term clarity, despite the fact that the short-term is both grim and evident. However, despite the Owls’ problems on and off the field, the 48-year-old deserves a lot of love and affection for his involvement in difficult situations.

Pedersen, who previously aided Danny Rohl, saw the German leave after his Wednesday tenure, but remained faithful despite ex-owner Dejphon Chansiri’s frequent failure to pay staff and players on time at Hillsborough.

Fans deserve credit for their patience, but Pedersen also deserves a lot of respect for his handling of the current situation. They can take pride in that part this season, even if there isn’t much else to be happy about.

However, this fresh update might provide a significant boost to the club and fans, with Pedersen also looking for more hope for 2026/27 and beyond. He may not be the right person to turn things around in the third tier, however.