Sheffield Wednesday Attracts Four to Five Serious Bidders Amid Administration

Sheffield Wednesday has entered administration, leading to a 12-point deduction in the Sky Bet Championship, with joint administrator Kris Wigfield confirming that there are already "four or five" serious bidders interested in acquiring the club. Wigfield emphasized that potential owners must demonstrate financial viability and pass the English Football League's fit and proper persons test before serious discussions can proceed. The club must remain on the market for 28 days as per EFL rules, and new ownership could be in place by the end of the year, allowing the club to potentially participate in the January transfer window under new management. Meanwhile, businessman John Textor, who has interests in other football clubs, has reportedly made a substantial offer for Premier League side Wolverhampton Wanderers but is also considering investments in Sheffield Wednesday and other Championship clubs. Textor's bid for Wolves faces challenges due to the club owners' preference for a minority stake sale and ongoing legal and financial issues in his portfolio. The developments mark a critical period for Sheffield Wednesday as it seeks new ownership to stabilize its operations and future prospects.