Sheffield Wednesday takeover latest: Process to move 'imminently' to crucial stage as 'final bids' expected
The takeover process at Sheffield Wednesday will imminently move into a crucial late stage, a report has claimed.
Since the ousting of Dejphon Chansiri, administrators from Begbies Traynor have been working to seek fresh investment for the troubled Championship club.
After turbulent years under Chansiri, the pressure to ensure the next owner of Wednesday is responsible is enormous.
Former Newcastle United owner Mike Ashley is said to be in the mix, as is John McEvoy as part of a joint-venture with the Storch family.
James Bord, a former poker player who has been a consultant to Sheffield United’s owners, is also thought to be interested.
Sheffield Wednesday takeover process latest
According to The Star, the process is set to move to a crucial stage with final bids for the club expected today (December 17).
Administrators could therefore have a firm indication as to which party will be granted preferred bidder status.
There could, however, reportedly be a further negotiation process if the highest bids come in at a similar level.
Any news of progress will be welcomed by the Hillsborough faithful, who are keen to see an end to what has been a complicated and lengthy process.
While there has been an eagerness to see an end, fans have also understood the need for a thorough examination of bids on the table.
Kris Wigfield statement
In a statement released earlier this month, administrator Kris 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.”