The English Football League say that they have now commenced due diligence with regards to the sale of Sheffield Wednesday Football Club.

A statement on the Owls website tonight from Kris Wigfield gave an update on the latest situation at Hillsborough, with an FAQ also being published in order to keep the fans in the loop with where things go from here with regards to the preferred bidder.

James Bord, Felix Roemer and Alsharif Faisal Bin Jamil have come forward themselves in the last week to make their own names public, however that has not yet been done by Begbies Traynor. The EFL have now put out a statement of their own, insisting that there is nothing to stop the identity of the preferred bidder being revealed.

The EFL’s Sheffield Wednesday statement

An EFL Spokesperson said on Friday night, “Further to the update provided this evening by the Administrators of Sheffield Wednesday, the EFL wishes to clarify that matters in respect of the sale of the Club are ongoing and subject to meeting the strict requirements as set out in the EFL Regulations.

“The League only received formal written notification of the preferred bidder earlier this week and has subsequently been sent initial documentation in respect of the proposed sale. This information is being reviewed and has allowed the EFL to commence its due diligence.

“This, however, is only the start of the process and it is important that all those associated with the Club understand that the League is required to follow its comprehensive procedures, which will include seeking further detail from both the Administrators and preferred bidder. There is no set timescale for this to be concluded.

“In addition, it is also important to state that the EFL Regulations do not prohibit the identity of a preferred bidder being revealed. They do however prohibit parties from announcing that a deal has been concluded subject to EFL approval.”

Wednesday are back in action tomorrow afternoon as they take on Brentford in the FA Cup at Hillsborough.