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25-02-2026, 15:57
(This post was last modified: 25-02-2026, 16:01 by Statesideowl.)
There we have it.. You've got to wonder whether it was the EFL or the administrators backed the wrong horse?
Admin backed Bord and sold most of our assets. Where do we go from here? Mike Ashley is lurking and it will definitely be a points deduction with him.
Thats us absolutely fked and starting on -15 points next season with a L2 squad.
Im.not even livid, I'm just so fed up with being disappointed and let down.
"The opinion of 10,000 men is of no value if none of them know anything about the subject." Marcus Aurelius
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Administrators statement
The Joint Administrators of Sheffield Wednesday Football Club can confirm that the preferred bidder has informed us of its intention to withdraw from the acquisition process.
The offer from the preferred bidder was valued at £47.8 million and represented the highest and best proposal received during the structured sales process. It would have delivered a full exit from administration, enabling the Club to commence the 2026/27 season without any points deduction, and the strongest available outcome for creditors, including many local businesses owed money by the Club.
During the period of exclusivity, the preferred bidder provided in excess of £4 million to fund the trading of the Club. Those funds were used to support operations and ensure staff and players were paid on time.
As supporters will know, in January the Administrators took prudent steps to mitigate against the risk of delay or non-completion. As a result of those measures, the Club has the necessary funding in place to trade through to the end of the current season.
The withdrawal of this bidder does not mean we are returning to the beginning of the process.
We have already been contacted by other parties who previously participated in the sales process and who have reiterated their interest in acquiring the Club.
We are therefore moving immediately to re-engage with those bidders under a new expedited timetable.
Our focus remains unchanged:
To secure the best achievable outcome for creditors
To protect the Club’s long-term future
To exit administration in a structured and responsible manner
Sheffield Wednesday continues to trade, fixtures will continue to be fulfilled, and staff and players will continue to be paid.
We understand that this news will be disappointing and frustrating for supporters. However, the Club remains operational, funded for the remainder of the season, and interest in the acquisition remains active.
We will provide further updates as soon as it is appropriate to do so.
That bid was ridiculous but since the Admins have to do their best for the creditors can understand why it was accepted. Bord was obviously serious since he’s just thrown $4m our way for no return now.
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It doesn't seem to make sense. The consortium walking away after dropping 4M.
Is this something the EFL instigated?
As professionally put as the statement is, it suggests the uncertainty we all know.
It also suggests Ashley is already in the mix and he already stated he wouldn't pay Chansiri off, which would mean a further points deduction.
"The opinion of 10,000 men is of no value if none of them know anything about the subject." Marcus Aurelius
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Their bid was 48.5m!!!! The admin team had no choice but to accept it, it was three times bigger than any bid. I now assume part of the delay in December was the admin being sure proof of funds was provided before they granted exclusivity. Thankfully its not back to the drawing board in full, so still a chance we can get this done before the season ends. Also shows the admin team were being very prudent when they sold players, legally they could not stop the bid but maybe privately the needed to make sure the club could survive for the remainder of the season.
Storch group have said they are still keen, I assume Ashley will still be in and there are rumours of a third bid as well.
Washington likes this post
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The statement how I read it ...we are more xxxx@d than ever ...the end !
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League 2 it is then and if charlie says we might stay up then have a bet everyone lol .
Statesideowl likes this post
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Liam Cooper out for the season.
Nothing great will ever be achieved without great men, and men are great only if they are determined to be so. For glory gives herself only to those who have always dreamed of her.
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5 hours ago
(This post was last modified: 3 hours ago by Statesideowl.)
Weve signed a young version of Redmond, out of contract and looking for a few quid.
He'll make up numbers but if he were any good a decent club would've already acquired his service.
Hes a forward that hasn't scored. So he fits right in with Ugbo and Yates.
"The opinion of 10,000 men is of no value if none of them know anything about the subject." Marcus Aurelius
