Up to ten parties have provided the proof of finances needed to participate in the Sheffield Wednesday purchase bidding process.
The BBC reports that since the Yorkshire team entered administration a few weeks ago, there are now ten possible parties that could take over.
Due to his financial mishandling of the team over the past year, current owner Dejphon Chansiri is expected to forfeit his ownership of the Championship squad.
In 2025, wages were frequently not paid on time, which resulted in the departure of manager Danny Rohl and several important players.
Since the beginning of the season, supporters have routinely demonstrated against the Thai owner, and they are hopeful that Begbies Traynor, who have been appointed as administrators, may find a quick solution to the ownership issue.
The latest takeover of Sheffield Wednesday comes as a double-digit number of parties demonstrate their financial stability.
According to reports, up to ten separate parties have already produced the evidence of the finances needed to acquire Sheffield Wednesday.
As part of the bidding process, a second potential buyer is rumored to have even been granted a tour of the team, including its Hillsborough stadium.
Four weeks after the Championship team entered administration, on November 21, prospective buyers have been given a soft deadline to submit their proposals to Begbies Traynor, who is in charge of this procedure.
A decision could be made by December 5th, since negotiations are expected to take up to two weeks until a preferred option is selected.
With the Yorkshire club floundering at the bottom of the second division table under Henrik Pedersen, it is unclear who will take over.
As a result of entering administration, the club was automatically docked 12 points by the EFL, further solidifying their position at the bottom of the rankings after 15 games.
Although John Textor and Mike Ashley have both been connected to a possible takeover of Sheffield Wednesday in the past, there are a number of other unidentified groups and individuals involved as well.
Many potential buyers are supportive of Sheffield Wednesday.
Finding a buyer can be difficult in recent years when competing EFL teams have gone into administration; teams like Derby County and Bolton Wanderers had to wait a long time to be saved from collapse.
However, with so many parties vying to buy the club, this might still be a rather quick process for the Owls.
Since the administrator’s job will be to find the best deal for Sheffield Wednesday’s creditors, cutting the number down from 10 shouldn’t be too difficult.
If a deal is reached by December 5th, supporters will feel reassured, and there is a chance that the EFL will approve a new owner in time for the new year.
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