A second bid to purchase Sheffield Wednesday from a US firm based in Florida has been turned down. The group’s initial bid in April was deemed “derisory” by the club, before the news. There are other parties interested in the Owls besides the group, which The Star claims is composed of “successful business people and professional athletes.” The South Yorkshire club previously attracted interest from other parties, notably those from Saudi Arabia
Adam Shaw, an entrepreneur from Sheffield, is thought to be a crucial member of the consortium, contributing his wide-ranging contacts in the American sports world to their takeover strategies. The consortium, who have been pursuing the Owls for months in an effort to break Chansiri’s ten-year ownership of the Championship team, has suffered yet another blow with the denial. It is unclear if the consortium may make a third bid, but according to The Star’s sources, they were unfazed by the first rejection.
Saudi billionaire’s interest shifts south as Sheffield Wednesday subject of international interest
Saudi Arabian businessmen have already expressed interest in a possible transaction with Sheffield Wednesday, so the American group is not the only party that has expressed interest. According to talkSPORT, Saudi billionaire Turki Al-Sheikh, who was openly encouraged to consider the Owls by former Crystal Palace chairman Simon Jordan, has turned his attention to clubs farther south.
It is currently believed that Al-Sheikh is focusing on Millwall and Southampton instead, which could lessen the Florida consortium’s competitiveness on Wednesday. As the number of genuine bidders seems to be declining, the cooling of Middle Eastern interest may be advantageous to the Americans. The continuing takeover rumors coincide with Sheffield Wednesday fans’ mounting dissatisfaction with Chansiri, as the team’s Supporters Trust organized demonstrations against his ownership at the end of the 24–25 season. The ongoing financial problems at Hillsborough, such as unpaid employee and player salaries and unpaid HMRC bills that have dogged the Owls during the campaign, have been a major source of support for the cause.
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