Sheffield Wednesday has been in administration for three months, with a preferred bidder identified just a month ago. However, the takeover has yet to be consummated.

Christmas came early for Wednesday fans in 2025, when it was disclosed on December 24 that the administrators had chosen a preferred bidder.

According to the BBC, James Bord, owner of AI-based stat company Short Circuit Science and part-owner of Scottish Championship club Dunfermline Athletic, lead the collaboration.

This would effectively begin the restoration of the Hillsborough-based club following a disastrous conclusion to Dejphon Chansiri’s decade-long rule, which was plagued by late wage payments, transfer embargos, and point deductions.

However, little has changed in the weeks since, increasing concern among the Wednesday supporters.

Finally, with their League One status all but certain for next season, this is the only thing going on at the club that the majority of Owls fans are interested in right now. Once a new owner is identified, Wednesdayites will be able to look forward to a bright future.

With that in mind, here’s an update on the takeover at Sheffield Wednesday.

Two members of the Short Circuit Science board have joined James Bord in the consortium.

If a takeover is to be finalized, the BBC disclosed earlier this month some other names that Sheffield Wednesday fans should be familiar with.

Felix Romer, a German-born entrepreneur who, like Bord, has a lengthy history of success in the internet consumer industry, including, but not limited to, gaming.

Romer, together with Bord, owns shares in Short Circuit Science. Alsharif Faisal Bin Jami, another consortium member, is the Short Circuit group CEO and has been referred to as the consortium’s chief executive.

He serves on the boards of Bord-owned Dunfermline and Spanish second-tier side Córdoba, giving him football club board expertise.

The present status of Sheffield Wednesday’s takeover—and what Kris Wigfield has said.

While Bord and Co. had been announced as the favored bidder, their selection was only the first step in finalizing the transaction.

According to a statement released by Kris Wigfield on January 9, Begbies Traynor was completing their insolvency law obligations by stating which one had been picked. Now it is up to the EFL to perform their assessment and approval process.

The statement goes on to explain that after the approval process is complete, “We will make a formal announcement with further details.”

Finally, the administrators have limited options at this time. Wigfield claims that they must comply with the legal requirements to avoid jeopardizing the sale and casting doubt on the club’s future, which entails keeping details in-house for the time being.

There is no timetable set for the EFL clearance procedure.

According to BBC Sheffield’s Rob Staton, the clearance procedure will not be completed within a specified timeframe.

Kris Wigfield has stated that they performed due diligence during the process of revealing the preferred bidder, providing proof of funds supporting the offer, and accepting a non-refundable deposit. However, the EFL must do their own checks.

Staton stated that written notification of the preferred bidder was delivered to them in early January, notwithstanding the Christmas Eve surprise, and that initial material has only been evaluated in the last few weeks.

Because there is no set timeline for when the takeover will be completed, Wednesday fans will be sitting impatiently refreshing news sources in the hopes that something will happen soon, as the possibility of the takeover failing to meet the EFL’s creditor rules and incurring a 15-point deduction at the start of next season remains.

Finally, a comprehensive vetting procedure is essential, especially considering the club’s mismanagement near the end of Dejphon Chansiri’s tenure at Sheffield Wednesday, but a decision sooner rather than later is better.