Administrators handling Sheffield Wednesday have received proof of funds from ten separate parties, BBC Radio Sheffield understands, as interest in buying the club continues. A second prospective buyer was given a tour of Hillsborough on Monday, following an initial visit the previous Wednesday.
The administrators have set a soft deadline of Friday 21 November — 28 days after the club entered administration on 24 October — for interested parties to submit offers. That will be followed by a two-week negotiation window, with a target of naming a preferred bidder by Friday 5 December. Any purchaser will then need to pass the EFL’s fit-and-proper-person test and complete due diligence before a deal can be finalised.
Wednesday are bottom of the Championship on minus four points after an automatic 12-point deduction for entering administration. They face local rivals Sheffield United on Sunday 23 November.
Administrators had expected “double figures” of parties to demonstrate proof of funds for a sale that has been discussed at around £50m. However, showing proof of funds does not guarantee an offer will be made. Significant work is required at the club: Hillsborough and the wider inf
