Simon Jordan has stated that he has ‘no desire’ to become Sheffield Wednesday’s next owner if their proposed takeover falls through.

The Owls, who became the first team in English Football League history to be relegated last weekend, are still on the market after going into administration in October.

This happened after years of mismanagement under Dejphon Chansiri, which resulted in the team receiving two point deductions this season.

How is the present scenario at Sheffield Wednesday?

Wednesday received an initial 12-point penalty for administration, with an additional six points removed subsequently for violating EFL regulations.

Numerous financial troubles, including £1 million in unpaid taxes to HMRC, have contributed significantly to the Yorkshire side’s downfall.

Things reached a new low on Sunday, when their relegation to League One was sealed by a 2-1 loss to archrivals Sheffield United.

Wednesday, with their fate already set on the pitch, are now trying to regain financial stability.

In December, a three-man partnership led by James Bord and included German AI guru Felix Roemer and Middle Eastern investor Alsharif Faisal Bin Jamil agreed on a £30 million fee to acquire Wednesday out of administration.

However, the organization has yet to be approved by the EFL after two months.

With the new Independent Football Regulator doing their own investigations, talkSPORT has been warned by individuals close to the selling process that the scenario could last for many more weeks.

Bord’s experience as a professional punter is one of the major roadblocks to a sale, as the government seeks to limit gambling sponsorship in sports.

If a transaction falls through, ex-Newcastle owner Mike Ashley is still waiting in the wings, having previously made an attempt to purchase the club.

However, Ashley’s £20 million bid falls about £10 million shy of Begbies Traynor’s asking price.

Jordan: My days of football are ‘over’

While the prospective new owners for Wednesday are now obvious, the number of interested parties was far longer previously.

Jordan, a talkSPORT host and former Crystal Palace owner, was among those who considered a takeover attempt for the club.

He disclosed in December that he and Sheffield-born insurance mogul Ryan Howsam had come up with the necessary monies to acquire the Owls, but were put off by the requirement to pay Chansiri £15 million as part of the deal.

Jordan has now maintained that he has no plans to reconsider his prior takeover bid, as he discussed the present situation at Hillsborough.

Speaking on Tuesday’s talkSPORT, the former Eagles chairman confessed he was astonished by Ashley’s persistent interest in the team.

Jordan expressed surprise at Mike’s willingness to participate.I don’t think he had the best of times at Newcastle, but it appears he really loves football and wants to be part again, but only on his terms.”

Jordan explained what his engagement in Wednesday would have looked like, revealing that the obligations of the post finally turned him off, having previously owned Palace from 2000 to 2010.

He said, “I ran a football club for ten years. It did not finish as I had hoped. I have absolutely no desire to run another one.

“Ryan [Howsam] would have had me go up there and run it for him, but I didn’t want to. I have other things to do in life.I ran a football club. I’ve got ten years of it.”

When asked if he would revisit his interest on Wednesday if their proposed takeover falls through, Jordan said, “Nah.”

When asked if his football career was over, Jordan replied, “Yes.”I’ve always been an advocate for Sheffield Wednesday. It has always been suggested that they are a club waiting to happen. If someone can rally behind them and help them get momentum, it’s a fantastic football team with enormous potential.

“Ironically, when I looked deeper into it, the digital footprint was considerably smaller than that of Sheffield United, albeit I believe Sheffield Wednesday is a bigger club because they haven’t been in the Premier League for so long.

“So the digital footprint and other aspects of a football club’s overall branding opportunity, which is why Wrexham is so successful, make it an appealing offer.

“But the reality of it is, I think there are better opportunities for me in other spaces than going and running a football club again.”