Simon Jordan just revealed that he put a “consortium” together in a bid to buy Sheffield Wednesday, revealing his next steps in the takeover race.
Mike Ashley submits offer to buy Sheffield Wednesday
It’s set to be a busy week for Sheffield Wednesday as they close in on their soft deadline of December 5. The Owls have not been short on interest and are now reportedly set to whittle that interest down to serious bidders.
A number of names have been mentioned along the way on that front, including John McEvoy and Ryan Howsam, but it’s Mike Ashley who’s reportedly submitted an opening bid.
The former Newcastle United owner has supposedly tabled an offer worth £20m, only to be turned down by administrators who have had bids in the region of £30m.
With so much interest, Sheffield Wednesday must ensure that they’re not simply accepting the highest bid, however. They’ve already had to tell Sheffield United where to go amid rumours that their American owners were set to propose a shock merger and must take that same stance with any other unacceptable proposals.
That said, if Ashley does return with an offer to match the £30m bid set by others, then he should be someone to consider. The 61-year-old was often criticised at Newcastle, but there’s no denying that he brought financial stability – clearing their debts – and that’s exactly what Sheffield Wednesday need.
Sheffield Wednesday respond to £20m takeover bid as Mike Ashley plots next step
The former Newcastle United owner has made his move.
ByTom Cunningham
Alas, Ashley’s not the only ex-Premier League owner who’s had interest in the club since they’ve entered administration. Former Crystal Palace chief Jordan has now revealed where he stands in the race to buy the club.
Jordan reveals "consortium" to buy Sheffield Wednesday
Speaking to talkSPORT, Jordan revealed that he put together a “consortium” to buy Sheffield Wednesday, before deciding to drop out of the race to complete a takeover amid concerns that he’d be “rewarding” Dejphon Chansiri.
With Jordan out of the race, Sheffield Wednesday have seen their options whittled down even further ahead of the deadline, but there’s no doubt that they’ve still got enough interest.
Whether that means they’ll turn towards Ashley is the big question. He has experience in the world of football, yet he is behind in the bidding war as things stand.
Sheffield-born takeover candidate makes key contact in race to buy Sheffield Wednesday