It will be interesting to see how this process plays out. The administrators expected double figures for showing proof of funds for £50m. Now the question is how many of those parties make an offer.
Fans will need to recognise that showing proof of funds does not guarantee all 10 will eventually make a bid.
There is a lot of work to be done at Wednesday. Hillsborough Stadium, for example, is going to need significant work done to it. Potential buyers will need to work out how much it is actually going to cost to buy the club and the infrastructure work needed to get the Owls on par with their peers shouldn’t be underestimated.
Kris Wigfield, one of the administrators, explained to us last week that they will be honest with potential buyers about the depth of work and investment required, in order to try and find the best possible new owner.
This is all before acknowledging the team will likely be competing in League One next year and that this will be more of a long-term project than a quick fix.
However, we’ve seen at Birmingham City that things can develop quickly with investment and a plan. Wednesday fans will be hoping whoever emerges to buy the club in the coming weeks can provide ideas and hope for the future, to go with deep pockets, in order to get this club finally moving in the right direction.
There is a lot of potential at Sheffield Wednesday. This is the best opportunity in some time for it to be realised.
