James Bord valued Sheffield Wednesday at £47.8 million despite being unable to consummate a transaction at Hillsborough after months of talks and checks.

James Bord’s quest to buy Sheffield Wednesday has failed, despite a lengthy period of exclusivity with the administrators and months of investing his own money in the club.

Following the collapse of Bord’s proposal, three parties have expressed interest in Wednesday, with Sheffield Wednesday fans yearning for answers and a sense of direction after a week of losing to their cross-city rivals and being relegated to League One.

Sheffield Wednesday’s official announcement provided an update on the situation, including the news that Bord’s consortium made an offer of £47.8 million to buy the club.

Sheffield Wednesday reacts to the latest James Bord information.

Football League World spoke with Patrick McKenna, our resident Sheffield Wednesday fan commentator, on his instant reaction to the recent Bord and takeover offer developments.

He stated: “So the revelation is that James Bord’s consortium bid £47 million for Sheffield Wednesday.”

That is an incredibly astonishing and ridiculous amount. “That offer far exceeds our valuation.”It’s a ridiculous proposition that reminds you of [Dejphon] Chansiri. Previously, administrators considered a threshold of £30 million.But to exceed that by nearly £20 million is astonishing. After a few months,

they say, ‘Oh, the club is way below their valuation’. Well, definitely. Where in Sheffield Wednesday can you discover a worth of £47.8 million?Especially since this valuation has been steadily declining over the last year or so, Chansiri’s annihilation took hold on Wednesday.

“It appears that they made such a high bid to outbid all other bidders.”You may use the analogy, which is probably fairly apt for James Bord, of some ultimate bluffer in a game of poker attempting to get others to fold their hand because they’re bidding so high.”

I believe there is a sense that a bullet was avoided if their plan was to bid that high. “They’ve spent over £4 million on the club, and now they’re walking away.”Yeah, it was somewhat surprising to see what they had bid. It’s a truly sad reflection. “A reflection on their business acumen and suitability for running a football club.”

The latest on Mike Ashley and Sheffield Wednesday.

Patrick wants Wednesday to avoid Mike Ashley, but the most recent information confirms Ashley’s interest in acquiring Wednesday, albeit at a lower price than Bord was looking for.

In fact, Simon Jordan expects that Ashley will save Sheffield Wednesday. However, if he buys the team for less than Bord, they will face a 15-point penalty in League One.

It’s not all bad news, though, as Ashley is said to be willing to invest £100 million in Wednesday immediately, demonstrating how serious the 61-year-old is about acquiring the club and returning it to its former glory.

It is also stated that Ashley has already identified potential candidates for important posts at Hillsborough. If the former Newcastle United player signs a contract, a quick settlement might pave the way for a stronger summer and a better start in League One.