Sheffield Wednesday takeover: Some bidders 'eliminated' as fresh Mike Ashley update emerges
Some parties bidding for Sheffield Wednesday have reportedly been eliminated from the process - but Mike Ashley is said to be considering an improved offer.
It had been hoped a preferred bidder would have been identified by December 5, but administrator Kris Wigfield confirmed last week it had not been possible.
However, it was claimed there had been “strong, credible offers” tabled for a club desperate to usher in a new era.
There has been talk of five or six bidders being in the race, although it appears that number has been reduced.
Sheffield Wednesday takeover bidding latest
According to The Star, some interested parties have been eliminated as part of the whittling-down process.
Competing bids in excess of £30m are in the race, administrators have said, and this figure would enable Wednesday to avoid a 15-point deduction next term.
Among those to have been linked with Wednesday is Mike Ashley, best-known in football as the former owner of Newcastle United.
The report has suggested Ashley is considering an improved offer having held a long-standing interest in the South Yorkshire club.
For the Hillsborough faithful, it is now a case of waiting with bated breath as administrators work towards the best deal possible for the club.
Kris Wigfield’s latest statement
Last week, Wigfield said: “Rushing this stage would serve neither objective. Discussions with bidders remain active, detailed and constructive, and momentum has not slowed.
“We know this continues to be an incredibly challenging period. We also know that uncertainty breeds anxiety.
“That is why we remain committed to communicating openly, pushing for fairness, and protecting the long-term interests of Sheffield Wednesday at every stage.
“We will continue to update you as soon as information can be shared clearly and accurately, and in the meantime thank you all for your patience, support and understanding.”
On the pitch, Wednesday’s players have been battling admirably and held Watford to a 1-1 draw at Vicarage Road last night (December 9).