The Sheffield Wednesday administrator discloses ‘four or five’ interested parties.

Sheffield Wednesday’s joint administrator has stated that there are “already four or five interested parties who look like the real deal” as the club seeks new ownership.

The Owls, bottom of the Sky Bet Championship, entered into administration on Friday and have received a 12-point deduction from the English Football League.

Kris Wigfield, joint administrator with insolvency company Begbies Traynor, told BBC Five Live’s Wake Up to Money show that new owners might be in place by the end of this year.

Wigfield stated, “As always, you get a lot of interested parties who probably won’t meet the criteria, but based on the numerous inquiries we’ve received, we believe there are already four or five interested parties who appear to be the real deal.”

“There are two conditions that new owners must meet in order to initiate communication and create a possibility for making an offer.

“First and foremost, they must demonstrate to the administrators that they are capable of making the football club sustainable. So they must demonstrate that they have sufficient finances to cover it for the next few years.

“And secondly, we have to be satisfied that they will pass the EFL fit and proper persons test, and if they can satisfy both of those, then we’ll start talking to them seriously.”

Wigfield stated that the club must remain on the market for 28 days under EFL regulations, adding, “I’m hopeful that by the end of November, if things go well, we might know who’s going to buy the football club.”

Wednesday’s financial woes under former owner Dejphon Chansiri reached a crisis point in the summer, and the club was placed under different embargoes due to tax issues and failure to pay players and personnel on time.

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Sheffield Wednesday have ‘four or five’ viable potential buyers – the administrator.

Sheffield Wednesday’s joint administrator has stated that there are “already four or five interested parties that look like the real deal” as the club looks for new owners.

The Owls, who are at the bottom of the Sky Bet Championship, fell into administration on Friday and have been penalised with a 12-point deduction by the English Football League.

According to the PA news agency, the EFL is reportedly examining further breaches of its financial standards and has not ruled out another point deduction this season.

Kris Wigfield, joint administrator with insolvency company Begbies Traynor, told BBC Five Live’s Wake Up to Money that new owners might be in place by the end of the year.

Wigfield stated, “As always, you get a lot of interested parties who probably won’t meet the criteria, but based on the numerous inquiries we’ve received, we believe there are already four or five interested parties who appear to be the real deal.”

“There are two conditions that new owners must meet in order to initiate communication and create a possibility for making an offer.

“First and foremost, they must demonstrate to the administrators that they are capable of making the football club sustainable. So they must demonstrate that they have sufficient finances to cover it for the next few years.

“And secondly, we have to be satisfied that they will pass the EFL fit and proper persons test, and if they can satisfy both of those, then we’ll start talking to them seriously.”

Wigfield, a Wednesday season ticket holder since 1984, stated that per EFL rules, the club must remain on the market for 28 days, adding: “I’m hopeful that by the end of November, if things go well, we might know who’s going to buy the football club.”

Wednesday’s financial woes under former owner Dejphon Chansiri, who purchased the club in 2015, reached a breaking point in the summer, when they were placed under different embargoes due to tax issues and failure to pay players and staff on time.

The team was already at the bottom of the Sky Bet Championship before going into administration, with only one league win this season, and they are currently minus six points, 16 points from safety.

A difficult battle to prevent relegation currently appears to be nearly impossible, but it is known that the EFL does not believe a possible additional points sanction will deter potential new owners, as it would be enforced this season.

PA also understands that the government’s new Independent Football Regulator, who is set to assume office this autumn, is closely monitoring the EFL’s administration process on Wednesday.