Simon Jordan has been through it all when it comes to running a football team.
He spent ten years as the owner of Crystal Palace, his childhood club, and helped them reach the Premier League.
Last week, it was revealed that Jordan had led a consortium to potentially buy Wednesday before backing out due to financial concerns.
Jordan has always pushed for Wednesday, and it is unfortunate that he has decided to withdraw his interest in potentially purchasing the football club.
Ryan Howsam, a Sheffield-born entrepreneur, was part of the consortium, and Jordan has now taken to X to discuss his attempted Wednesday takeover.
Simon Jordan announces Wednesday’s ruling.
Howsam was the man who bonded with Jordan to dig into Sheffield Wednesday’s finances ahead of a potential takeover.
Jordan was unhappy with the idea of paying nearly £20 million to former owner Dejphon Chansiri, claiming it would reward failure.
Jordan and Howsam eventually chose to withdraw from the procedures without making a formal offer for the club since the numbers did not align.
Howsam presently has a majority stake in the Legends Tour, a world-renowned golf tour that hosts a number of tournaments featuring the game’s most iconic individuals.
Jordan praised Howsam and issued a verdict on Wednesday, predicting what will happen next.
He wrote on X, “Ryan Howsam is one of the top UK entrepreneurs, and a fantastic businessman.
“Football is a completely different business, and while I have tirelessly pushed for #SWFC, a transaction must be right, and this one was starting to look bad.
“That said, I think #SWFC will be fine…”
Wednesday takeover needs to be sorted immediately.
The 2025/26 campaign is now all about pride, with the Owls sitting at the bottom of the Championship on -10 points.
However, it is critical that things are finished on the takeover front so that the powers that be can design a comprehensive recruitment strategy for next season.
A team the size of Sheffield Wednesday should be among the favourites to earn promotion from the third division, but this will be determined by market conditions.
Nobody benefits from the uncertainty, and it’s perhaps not surprising that someone with Jordan and Howsam’s business expertise has chosen to walk away.
Still, not all is lost, and with so many interested parties, the administrators must now choose the preferred bids in a timely manner.
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