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sheffield wednesdayThe joint administrators have confirmed that “there are already four or five interested parties that look like a real deal” as the club moves towards new ownership.
owl, under Sky Bet Championship, went into administration on Friday And a 12-point deduction has been given by the English Football League.
EFL It is also understood that he is currently being investigated for further breaches of his financial regulations and has not ruled out a further points deduction this season.
chris wigfield, Joint administrators with insolvency firm Begbies Traynortold BBC Five Live wake up to money Program that the new owners can set up by the end of the year.
Wigfield said: “As always, you get a lot of interested parties that maybe don’t meet the criteria, but from the number of inquiries we’ve had, we certainly think there are already four or five interested parties that look like the real deal.
“There are two criteria that new owners have to meet to basically start negotiations and there has to be an opportunity where they can make an offer.
“The first thing is that they have to show the administrators that they can make the football club viable. So they have to show that they have enough money to be able to finance it for the next few years.
“And secondly, we have to be satisfied that they will pass the EFL fit and proper person tests, and if they can satisfy both of those, then we will start to talk to them seriously.”
Wigfield, a Wednesday season ticket holder since 1984, said that under EFL rules the club must remain on the market for 28 days, adding: “I hope that by the end of November, if things go well, we will know who is going to buy the football club.”
Wednesday’s financial problems under former owner Dejfon Chansiri, who bought the club in 2015, reached crisis point in the summer and they were placed under various sanctions due to tax debts and failing to pay players and staff on time.
The club were bottom of the Sky Bet Championship even before going into administration, with just one league win this season, and now sit on minus six points, 16 points adrift of safety.
A tough fight to avoid relegation now appears almost impossible, but it is understood the EFL does not believe the sanction of potential extra points will deter potential new owners as it will also be implemented this season.
It is also understood that the government’s new independent football regulator, due to formally take charge this autumn, will loom over the EFL during Wednesday’s administration process.
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