“The Championship club, who have minus 9 points, are in administration and are awaiting approval of the deal from the EFL.”, — write: football.ua
The Championship club, who have minus 9 points, are in administration and are awaiting approval of the deal from the EFL.
Sheffield Wednesday, Getty Images December 24, 2025, 11:24 p.m
Borda’s consortium beat out a group of American investor John McAvoy, the Storch family from Chicago, and former Newcastle United owner Mike Ashley. Earlier, club administrators from the company Begbies Traynor confirmed their intention to grant priority buyer status following the results of the first stage of bidding.
Sheffield Wednesday was placed into administration on October 24 due to financial problems under the management of Thai businessman Dayphon Chansiri. 18 points were deducted from the club, due to which the team occupies the last place in the Championship standings.
Administrator Paul Stanley said the Board’s consortium offer was fully funded, contained clear financial guarantees and allowed for the settlement of liabilities to creditors in accordance with EFL rules without additional sporting sanctions.
Any takeover must pass a league review and owners and directors test. There are currently no deadlines for the completion of the process.