Sheffield Wednesday now halve takeover price in boost for Mike Ashley
Sheffield Wednesday have now reportedly halved their asking price to sell the club, with one “consortium” back in the race to complete a takeover as a result.
McEvoy drops out of Sheffield Wednesday takeover race
Having initially set a soft deadline of December 5, Sheffield Wednesday’s administrators will be frustrated that a takeover of the club is yet to be completed. The saga is simply rolling on, as if the Owls’ downward spiral towards League One following their point-deduction when they first entered administration earlier this season.
Off the pitch, it has been a waiting game. But on the pitch, the players have suffered the consequences. To make matters worse, manager Henrik Pedersen could now be facing an injury crisis ahead of a transfer window that is incredibly unlikely to feature extensive additions, if any at all.
As for the takeover itself, reports claimed last week that Mike Ashley and the Storch group were leading the race to buy the club until fresh rumours emerged that John McEvoy had dropped out of contention as part of the latter.
The Storch group have reportedly found a new partner, but it remains to be seen whether that will be enough to jump ahead of Ashley. The former Newcastle United man has been a consistent name in the takeover race and could be on his way back to English football.
It’s not over yet, though. According to The Star’s Joe Crann, Sheffield Wednesday have now halved their asking price down from around £30m to as little as £15m, opening the door for a previously interested party to re-enter the race.
Sheffield Wednesday bidder returns at new price
Keen to attract other candidates, the Owls have lowered their price. As a result, as per Crann, “at least one consortium” who were previously interested in buying the club are now set to re-enter the race.
The Star reporter said on X: “Understand that offers less than the mooted £30/35m are now set to be considered when it comes to the sale of Sheffield Wednesday, with at least one consortium who was formerly interested set to step back into the mix. Around £15-20m could be enough.”
Sheffield Wednesday set to make "critical decision" as takeover bid launched
The Owls are yet to name their new owners.
ByTom Cunningham
This is also a major boost for Ashley, who had reportedly submitted the lowest bid out of the remaining candidates. Now that the Owls have lowered their price, his offer may well be deemed acceptable.
Subscribe for insider takes on football takeovers Unlock deeper context by subscribing to the newsletter: expert analysis of ownership battles, takeovers and what moves like Sheffield Wednesday’s price cut mean for a club’s future – essential perspective for engaged fans. Subscribe for insider takes on football takeovers Unlock deeper context by subscribing to the newsletter: expert analysis of ownership battles, takeovers and what moves like Sheffield Wednesday’s price cut mean for a club’s future – essential perspective for engaged fans.
By subscribing, you agree to receive newsletter and marketing emails, and accept Valnet’s Terms of Use and Privacy Policy. You can unsubscribe anytime.
It’s certainly an unexpected twist, but one that administrators may have deemed necessary to finally welcome a new era at Hillsborough. As the new year approaches, there simply must be some good news on the horizon for Sheffield Wednesday fans.
Championship relegation is inevitable and another point-deduction could still arrive, yet new owners would at least spark belief that the future could be so much brighter.