Sheffield Wednesday have the financial leeway to establish their own asking price for in-demand players such as Charlie McNeill and Pierce Charles in January.

According to The Star, the Owls’ prospective acquisition permits them to demand fair compensation for these players rather than being obliged to pay poor sums.

Sheffield Wednesday entered administration in October and has been looking for a new owner to replace Dejphon Chansiri in the months since.

It was reported in December that James Bord’s offer had been declared the preferred bid to purchase the Yorkshire firm.

However, it is uncertain when the EFL would ratify the transaction, if at all, as the club works to fix its current financial troubles.

Sheffield Wednesday received a January transfer boost.

Any player sales this month are expected to go against the sale price agreed upon by the Bord-led bid to purchase Sheffield Wednesday, which is expected to be more than £30 million.

This could minimize the cost of owning the Yorkshire club while still complying with the EFL’s financial standards regarding the 25 cents in the pound owed to creditors.

As interest in players like as Charles, McNeill, and Bailey Cadamarteri grows, the club will be able to establish its own asking price for them.

Strasbourg are allegedly interested in signing Charles following the appointment of Gary O’Neil as manager.

Meanwhile, a number of Championship clubs are interested in signing McNeill after his recent strong displays for Henrik Pedersen’s team.

It remains to be seen whether a deal can be reached for these players that will persuade Sheffield Wednesday to cash in, but the club can now demand appropriate fees for their young talents rather than need any monies simply to maintain financial stability.

Despite the recent gain, Sheffield Wednesday may still be able to benefit from selling players.

Pedersen would want to keep Charles and McNeill, but if a strong enough offer comes in, they may choose to sell at this stage.

However, the Owls can now command higher prices for its young players, when they were on the verge of losing them for next to nothing only a few months before.

There will be no easy cure for Sheffield Wednesday’s financial problems, especially with relegation looming, but this development demonstrates the progress that has been done.

Given how thin the Owls’ team is at the present, this could assist the club retain these players till the conclusion of the season.