James Bord's Sheffield Wednesday offer could have big repercussions for next season

The club confirmed this week that the administrators ‘intend to’ proceed with a preferred party, language understood to reflect a technical requirement rather than any remaining uncertainty. It is also understood that a substantial non-refundable exclusivity deposit has been paid, underlining the consortium’s commitment to completing the acquisition.

As reported by fellow Owls writer, Alex Miller, sources have indicated that Bord’s group has been conducting detailed due diligence in recent weeks. This is believed to include a two-day forensic assessment of Hillsborough Stadium by a specialist surveying firm, a process previously reported as being undertaken by one of the interested bidders.

While it has been established that the bid is consortium-based, the identities of the other investors involved have not yet been fully clarified. There is currently no indication that the Bahrain-backed group linked with a project at Córdoba is involved, though potential investment from both Europe and the United States has been discussed.

The takeover now progresses to the English Football League’s Owners’ and Directors’ Test, a stage that could take several weeks, particularly given the upcoming Christmas period. The EFL’s enhanced regulatory powers, including those linked to the forthcoming Independent Football Regulator, will form part of the assessment. Previous concerns surrounding this phase are understood to have been addressed.

The club remains under recruitment restrictions whilst in administration, and any immediate relaxation is not expected until an exit is completed. However, recent injury concerns may increase pressure for flexibility.

As anticipated, the highest bidder has ultimately been selected. And the released statement suggests that the offer from Bord’s consortium exceeds the £30 million threshold, meaning the Owls would avoid a 15-point deduction at the start of next season.