James Bord’s exclusive period to finalize a transaction for Sheffield Wednesday remains in effect as long as he continues to cover the club’s losses each month.

The Owls went into administration in October, and since then, the goal has been to find a suitable new owner following Dejphon Chansiri’s disastrous tenure.

Following the announcement that Bord’s consortium had been designated the preferred bidder, individuals involved began the process of passing the EFL owners’ and directors’ test after being granted a period of exclusivity to complete the transaction.

James Bord continues to fund Sheffield Wednesday as he attempts to purchase the club.

Much to the chagrin of everyone associated to Sheffield Wednesday, this has yet to be accomplished, prompting some to question whether Bord will be able to purchase the Championship strugglers.

Furthermore, the Sheffield Star reveals how Bord’s exclusivity term was originally scheduled to end on January 31.

However, they add that it is now based on a ‘rolling agreement’, which means it is extended every two weeks when Bord makes a’six-figure’ payment to offset the Owls’ losses, as he has done since he was declared the preferred bidder.

As there is no fixed end date for when the EFL will decide whether to sanction Bord’s purchase of Sheffield Wednesday, this is likely to continue indefinitely.

Essentially, it means that as long as he continues to make payments to cover the losses, the situation will remain the same.

If that changes and Bord’s projected deal to buy the Owls falls through, Mike Ashley and the Storch family have previously been rumored to be among the groups interested in purchasing the Yorkshire club.

Sheffield Wednesday will want the ownership problem rectified ahead of the 2026/27 season.

Sheffield Wednesday have had a very dismal season, with relegation to League One expected later this month.

Obviously, the club’s survival was once in danger, but this will continue to frustrate Owls fans, who will wonder why this is taking so long. Ultimately, these arrangements are complex, and it will be interesting to watch how they are addressed.

In the meantime, Bord is funding Hillsborough’s losses, which is a positive for the club, but in an ideal world, all parties would like to have this resolved before the 2026/27 season, when Sheffield Wednesday will play in the third tier, as a lot of work needs to be done to ensure they can compete when the time comes.