Particle.news
Download on the App Store

Sheffield Wednesday Sale Attracts Seven Funded Bidders Before 21 November Deadline

Administrators report improved cashflow from returning supporters, with some suitors described as capable of transforming the club.

Overview

  • Joint administrator Kris Wigfield says seven parties have shown proof of funds, with the field likely to grow to nine or ten serious bidders.
  • A soft first-offer deadline is set for 21 November, with bidders required to satisfy the EFL owners’ and directors’ test before a best offer is selected.
  • Revenues have rebounded as shop and kiosk takings rise, and administrators project around £1m profit by January if current income levels hold.
  • Wednesday sit bottom of the Championship after a 12-point deduction, remain under five EFL embargoes, and could face additional penalties over repeated late wages.
  • Supporters have raised tens of thousands of pounds (£58,000 via GoFundMe plus other contributions), while external commentary ranges from a sale being described as highly likely to a mooted all-in valuation near £30m.