There is no doubting that the Owls’ present transfer situation isn’t exactly promising.

Shortly after Wednesday’s head coach Henrik Pederson gave an update regarding wantaway captain Barry Bannan, The News has learned that Swedish midfielder Svante Ingelsson is nearing a deal to Portsmouth.

Having two first-choice midfielders depart this winter window would be a nightmare, especially because teenage prospect Yisa Alao recently joined Chelsea for an estimated £500k.

What is the most recent information regarding the takeover that could potentially resolve this issue?

EFL owners’ and directors’ exam deadline clarification

Rob Stanton of BBC Radio Sheffield is informed that it is highly unlikely that the owners and directors’ tests for the EFL will be finished by the end of January.

Player sales are crucial for the Owls ahead of deadline day on February 2nd because, as Stanton explained in an explainer, January is the only chance Wednesday’s administrators have to raise significant funds until the summer.

In the end, this explains why there are several potential outgoings at Hillsborough this week.

Stanton went on to say that if important players are sold during this window, the club’s purchasing price might actually drop. He said that a condition for this will have been agreed by Bord and his group.

The limitations imposed on James Bord, the favored bidder for Sheffield Wednesday

Football Issues Correspondent Dale Johnson used social media to clarify what the preferred bid can and cannot do in response to Bord and his group’s lack of communication regarding potential outgoings.

Johnson posted the following tweet on his X account: “I just wanted to clarify a few points regarding the Sheffield Wednesday takeover procedure. During the EFL process, the preferred bidder is not permitted to speak with any club employees or players.Contracts and transactions involving the favored bidder are prohibited.All parties are discouraged from making public pronouncements,” the Correspondent continued.

Given this and Stanton’s statement that “nothing is imminent” in terms of the deal’s conclusion, according to the explainer noted above, Wednesdayites might have to wait a little while longer for some encouraging news.

Questions still surround James Bords’ Short Circuit Science

According to The Guardian, nothing is known about Bords’ data company, Short Circuit Science, which is a key component of his consortium bid for the faltering Championship club.

Even with the consortium’s cooperation with other clubs, the AI/data aspect appears to be very’secret’.

In an open letter to Dunfermline fans when purchasing the Scottish club last January, Bord said, “You may have heard about our backgrounds in data analytics and artificial intelligence, and we are big believers in the impact this technology can have across the club.”

However, perhaps everyone is aware of how that played out at Steel City rivals Sheffield United during the summer transfer window, especially as the transfer model appears to have played a role in manager Chris Wilder’s resignation before Ruben Selles took over.

Regardless of how secret Short Circuit is, based on other reports, Wednesday fans have no choice but to wait for the EFL process to conclude before learning more.