Sheffield Wednesday are awaiting approval of James Bord’s bid to purchase the club.

The Owls have been under administration since late October due to major financial concerns under previous owner Dejphon Chansiri.

Supporters are expecting that a change in ownership will restore the Yorkshire club to a solid position following an extremely difficult few years, notably in 2025.

A number of parties were associated with an attempt to buy the Championship side in the weeks following their administration, with Begbies Traynor brought in to monitor the bidding process, and the former poker player’s proposal was chosen.

Here’s what we know about preferred bidder Bord’s offer to buy Sheffield Wednesday.

James Bord’s Investment Partners

The Owls’ administrators identified Bord as the preferred bidder on December 24, exactly two months after the club entered into administration.

In the weeks previous up to this point, the club received interest from Mike Ashley and John McEvoy, but Bord’s bid was the most financially viable.

The American has previous football experience as a co-owner of Scottish club Dunfermline.

His company, Short Circuit Science, has also made an investment in football through the Spanish team Cordoba.

However, Bord is not alone in his aspirations to acquire the Yorkshire club, as he continues to seek investors to support his football ambitions.

Alsharif Faisal Bin Jamil and Felix Roemer, partners, have been named to the preferred bidder list for the club.

Roemer is an investor in Short Circuit Science, while Bin Jamil is a Jordanian royal family member.

Neil Lennon’s encouraging words about James Bord

Neil Lennon now manages Dunfermline for Bord, having was entrusted to lead the first team squad just a few months after the former poker player purchased the Scottish club.

The former Celtic manager has hailed his effect on the Championship side, claiming he has led the team ahead in the past year.Lennon expressed satisfaction with the progress made, as reported by the Dunfermline Press.He understands that we are a work in progress, and that this is a transitory era.

“He’s only been in the club a year, but you can see there has been significant improvement.””He wants to improve the squad, and we’ll address all aspects in January.”I’ve got a fantastic owner, which is half the battle when you’re a manager. He’s a really happy, generous guy who adores the club.

“He’s a forward thinker, and I enjoy working with him.

“As a manager, as a coach, they’re hard to find.”

James Bord makes an additional financial commitment.

Begbies Traynor confirmed earlier this month that Bord has made further financial commitments to the club as ratification is awaited.

The Star reports that the selected bidders have submitted a non-refundable deposit as part of the takeover process.

The admins have also said that the individuals behind this offer have been thoroughly verified.

However, football has previously been alleged that Bord’s past in professional gambling may make it difficult for him to pass the EFL’s owners and directors examination.

Sheffield Wednesday’s January Transfer Boost

Sheffield Wednesday is awaiting the completion of the acquisition process, as other teams close deals in the January transfer market.

Hillsborough supporters will be concerned about potential player sales as a result of the financial crisis.

However, The Star claims that because to Bord’s promise to buy the team, the Championship side will not need to sell players at low costs.

This month, the club will reportedly be able to command respectable payments for players such as Pierce Charles and Charlie McNeill, as the money collected might be used to offset the fee agreed upon to purchase the side.