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Talks Reopen with Interested Parties After Sheffield Wednesday Takeover Collapse
The consortium withdrew due to the club's over £32 million valuation and historic mismanagement, despite spending over £4 million on costs and funding losses in recent months.
- On Wednesday, the consortium led by James Bord withdrew from the Sheffield Wednesday takeover, putting the club's future in doubt after funding losses since being named preferred bidders on Dec. 24.
- The bidders said the club's initial valuation above 32 million pounds was too high after lengthy due diligence, citing past mismanagement under former owner Dejphon Chansiri and spending over £4million plus a non-refundable 2.5 million pounds deposit.
- Administrators revealed the withdrawn offer was valued at £47.8million and a Feb. 22 defeat left Wednesday on minus seven points, confirming relegation three days later.
- Administrators said parties remain interested and they will re-engage bidders under an expedited timetable, while Sheffield Wednesday Supporters' Trust urged securing new ownership before the 2026/27 season.
- Facing that short-term reality, the club say they have funds to complete their 13 remaining fixtures, starting away to Norwich, after winning only one of 33 games and enduring a 12-point and 6-point deduction.
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Talks reopen with interested parties after Sheffield Wednesday takeover collapse
A consortium led by former professional poker player James Bord was granted exclusivity by club administrators Begbies Traynor on Christmas Eve.
·Wrexham, United Kingdom
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Preferred consortium pull out of Sheffield Wednesday purchase
LONDON, Feb 25 - Sheffield Wednesday's future has been thrown into doubt again after the consortium planning to buy the ailing Yorkshire club announced they were pulling out on Wednesday. Read more at straitstimes.com.
·Singapore
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Coverage Details
Total News Sources12
Leaning Left3Leaning Right3Center1Last UpdatedBias Distribution43% Left, 43% Right
Bias Distribution
- 43% of the sources lean Left, 43% of the sources lean Right
43% Right
L 43%
14%
R 43%
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