Parties with 'significant financial means' have expressed interest in buying Sheffield Wednesday and could 'revolutionise the club', joint administrator Kris Wigfield has said. The club and the company that owns Hillsborough were placed into administration on 24 October after HMRC prepared a winding-up petition over about £1.7m, ending Dejphon Chansiri's 10-year ownership and prompting Begbies Traynor to be appointed as administrators.
Wigfield said the club had been run on an extremely tight budget under the previous ownership, but that the financial position has begun to stabilise since supporters returned following a boycott. He added that, provided ticket sales continue at expected levels, the administrators expect to have the club generating roughly a £1m profit by January.
There are already seven bidders who have shown proof of funds, and Wigfield expects that number to rise, possibly to nine or ten serious offers. He said the administrators need bidders to demonstrate both long-term viability and that they can pass the EFL's fit-and-proper person tests. Beyond those checks, the sale process will be driven by the best offer, although many of the interested parties could sub
