Overview
- Sky Sports reports Mike Ashley’s initial offer of about £20m was unsuccessful, with higher bids already exceeding £30m and a possible increased offer still in play.
- Administrators say parties must evidence £50m in available funds, and 12 groups have been granted data-room access after meeting that threshold.
- Begbies Traynor is progressing five prospective buyers and is considering three credible offers with two more positioned to move, targeting a preferred bidder next week.
- An email claiming to be from Sheffield United owners COH Sports enquired about Wednesday and a merger was suggested by an interested party, but the EFL and the new Football Regulator would not allow such a merger.
- Wednesday entered administration in October and incurred a 12-point deduction, yet the club’s ownership of Hillsborough and its training ground is seen as a draw for bidders.