Particle.news
Download on the App Store

Sheffield Wednesday Pays Wages Early as Administrators Vet Bidders With £50m Proof of Funds

Early payroll signals short‑term stability while a formal sale process advances with verified interest.

Overview

  • Players and staff were paid a day early under administrator Kris Wigfield after repeated delays in recent months.
  • Sky Sports reports two potential buyers have shown at least £50m in proof of funds, with 68 enquiries logged and 25 parties granted access to the club’s accounts.
  • Fan spending and Supporters’ Trust fundraising are boosting cash flow, including a £20,000 commitment and more than £10,000 raised by Thursday evening.
  • More than 27,000 attended the first post‑Chansiri home game, and staff and administrators view selling out the Norwich fixture as a key showcase for prospective investors.
  • The club is operating under a 12‑point deduction that leaves it on minus six, and Sky Sports reports further EFL disciplinary proceedings are pending that could bring additional penalties.