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Sheffield Wednesday takeover talks intensify as multiple bidders approach administrators
A number of potential buyers have reached out to the administrators managing Sheffield Wednesday regarding a possible takeover of the club.
As reported by The Star, Begbies Traynor — the firm appointed to oversee the Championship side — has already received expressions of interest from several parties.
The Yorkshire club was recently handed an automatic 12-point deduction by the EFL after entering administration, the latest blow in a turbulent year marked by severe financial difficulties.
Owner Dejphon Chansiri has faced growing pressure from fans to sell his stake in the club, with supporters staging protests at several matches this season. Before administration was confirmed, figures such as John Textor and Mike Ashley were already being linked with potential bids.
It’s understood that Chansiri will play no role in determining the club’s next owner or its future direction. In a symbolic gesture marking the end of his era, the administrators reportedly ordered the removal of stadium seats at Hillsborough that spelled out his name.
Administrator Kris Wigfield confirmed that multiple interested parties have made contact and that the process of finding a buyer will formally begin next week.
“We’ve already had people contact us,” Wigfield told The Star. “Next week we’ll begin engaging with them properly and setting up a structured sales process. We’ll carry out preliminary checks to ensure they’re genuine buyers before providing information and inviting offers. We’ll be marketing the opportunity widely, including to parties outside the UK.”
Wigfield added that the administrators intend to attract as many credible offers as possible in order to secure the best outcome for the club’s creditors.
The takeover process is expected to take around four to six weeks to reach an agreement, followed by another four to six weeks for formal approval.
Sheffield Wednesday, who were already bottom of the Championship before their 12-point deduction, now find themselves in an even deeper relegation battle under manager Henrik Pedersen.
Despite the difficult circumstances, there is renewed optimism that the club’s future can be secured. The emergence of multiple interested buyers is seen as a promising sign and reflects the long-term potential of the Owls.
Chansiri had previously been seeking a valuation of around £100 million — a figure many viewed as unrealistic — but that barrier is now gone, clearing the way for a more achievable sale and a fresh start for the club.
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