Mike Ashley prepares to enter fight for Sheffield Wednesday with £10m bid

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Mike Ashley Seeks Quick Deal on Sheffield Wednesday Amid £10m Bid

Sheffield Wednesday is set to enter a high-stakes auction process as former Newcastle owner Mike Ashley prepares to make a £10 million bid for the Championship club. The Frasers Group director, who has been targeting distressed sporting assets, has been given access to Wednesday's accounts and data room following an administrator review.

Ashley's bid is part of a growing list of potential buyers vying for control of Wednesday, which entered administration last month due to financial difficulties under owner Dejphon Chansiri. The club faces relegation to League One after being docked 12 points by the English Football League (EFL).

Auctioneer Begbies Traynor has stated that at least four or five interested parties are in serious contention for Wednesday, including American billionaire John McEvoy, who holds stakes in the National Hockey League's Nashville Predators and Major League Baseball's Colorado Rockies.

The sale process is set to be completed by the end of November, with the EFL requiring clubs to remain on the market for at least 28 days after entering administration. However, Wednesday's financial woes are only expected to worsen, as an independent commission prepares to hear charges relating to late payment of player wages last March and May.

The club's financial situation has led to further sporting sanctions, including a ban on paying fees for players until the summer of 2027. An independent club financial review panel will also determine the outcome of charges regarding late payments in June, July, and September.

Ashley's interest in Wednesday marks his return to football after selling Newcastle to Saudi Arabia's Public Investment Fund four years ago. His track record includes buying Coventry's CBS Arena, which he later sold back to the club for £40 million this summer – more than double the purchase price.
 
so mike ashley is trying to buy sheffield wednesday again 🤔 and it looks like there are a few other interested buyers too 😬. i'm not sure why he's coming back into football, seems like he had some trouble with newcastle in the past 👎. anyway, £10m is a pretty big bid for a club that's already been docked 12 points 🤯. hopefully whoever ends up buying it can turn things around and get the team back on track ⚽️. i'm curious to see what other clubs he's looking at buying too 👀.
 
ugh i feel so bad for sheffield wednesday 🤕 they just got into admin and now they're stuck in limbo waiting for a buyer... but at least we know mike ashley is serious about buying them, that's better than nothing 😒 i remember when he bought newcastle, some people thought it was gonna be a disaster and it kinda was... but he did manage to sell it for a pretty penny, so fingers crossed he can do the same with wednesday 🤞 i wonder what will happen if john mcEvoy wins the auction, would that even be an improvement? 🤔
 
I think Mike Ashley is really good at snagging underperforming clubs and turning them around. He's got a reputation for being a shrewd businessman, especially when it comes to sports teams. I mean, he bought Coventry back from himself for a pretty penny! 💸 But, you've gotta wonder if Sheffield Wednesday is just another team on his list of potential fixers. The club's in big trouble right now, and I'm not sure Ashley's expertise will be enough to sort out their financial mess. Still, it'll be interesting to see what happens – maybe he can work some magic like he did with Coventry... or maybe Wednesday is toast 💔
 
🤑 I'm not surprised Ashley is making a move on Wednesday. The guy knows how to turn things around and make cash 💸. He's got a track record of buying struggling clubs, sorting out their finances, and then selling them for a tidy profit 📈. And let's be real, £10m might seem like a lot but it's a drop in the ocean compared to what Wednesday's debts are 🤑. I think Ashley has a good chance of getting his hands on the club and turning things around 💪. The other bidders don't stand a chance 😂.
 
Dude 🤔, I'm like super stoked that Ashley is trying to save Wednesday ⚽️. I know some people are salty about him trying to swoop in and buy them out, but I think it's cool that he's actually putting his money where his mouth is 💸. The fact that he's been through the wringer with Newcastle and still came out on top says a lot about his business acumen 🤝. And hey, if anyone can turn Wednesday around, it's him 🙌. I mean, we all know the club's got some financial issues to sort out ⚠️, but Ashley seems like the kind of guy who can make it work 💪. Fingers crossed that he can bring some stability and success back to the Owls 👍
 
I'm not convinced that Mike Ashley is making a quick deal on Sheffield Wednesday 🤔... I mean, what makes him think that owning another struggling football club will magically fix its finances? He's been there before with Newcastle and Coventry, where he sold it back for more than double the price... sounds like he's just looking to make a profit to me 💸. And what about the poor fans who are already suffering due to the club's administration and relegation? Do they really want some billionaire who's only looking out for himself to take over? 🤷‍♂️ I don't think so...
 
I think it's kinda weird that Mike Ashley is trying to swoop in and buy Wednesday on the cheap 🤑. I mean, he's got a track record of buying struggling clubs and then selling them back for a profit, but does that really help the fans? They're the ones who get left with a dodgy new owner who's more interested in making cash than winning trophies 💸. And let's be real, Ashley's not exactly known for his charitable side... he's got a reputation for being ruthless in business 👊. I'm not saying it's all bad - maybe Wednesday can turn things around under Ashley's ownership - but I think we should be wary of someone who's more interested in lining their own pockets than investing in the club itself 💸👀.
 
😐 this is so sad for Sheffield Wednesday, another iconic club falling apart... Mike Ashley's not exactly a great track record in football either, remember what happened with Newcastle? 🤔 still think his interest might just be about the assets, not necessarily about saving the club... £10m won't go very far to turn things around, and the sanctions they're facing are huge 📉 hope whoever ends up buying them can make some positive changes for the fans 💕
 
🤔 Come on Mike Ashley, how about you try harder? £10m is basically pennies in football circles. He should really be looking at selling his other struggling assets rather than splashing out cash on a team that's already in shambles. 28 days isn't long enough to sort out the mess at Wednesday, especially with all these charges coming up against them. I'm not sure what's more worrying, Ashley trying to buy the club or the fact that no one else is throwing their hat into the ring. Should be a bidding war... instead it's just a bunch of hopefuls hoping to get a sweet deal 🤑
 
🤔 I think Ashley should get a chance to save Wednesday, you know? He might be able to bring in some new investors and sort out the finances properly. I mean, 10m is a decent starting point, but it's not like they're going bankrupt or anything... 😅 At least he's got a track record of making things work with Coventry, so maybe that'll translate. The other bidders are all American billionaires, which kinda sounds like a fancy way of saying "they just have deep pockets". Ashley's definitely the most sensible option if you ask me 💸
 
🤔 I think Ashley's return to football is a big deal but can we confirm if his previous sale of Newcastle was actually done with Saudi Arabia's Public Investment Fund or maybe it was some other private investors? 🤑 And what's up with the EFL's ban on paying fees for players until 2027? Isn't that kinda harsh considering the club's financial situation is already pretty dire? 😬
 
I think its pretty messed up that mike ashley is trying to swoop in and buy shfield wednesday for like 10 million quid! hes got a reputation for being super ruthless with his business deals, i dont trust him at all to keep the club afloat. and to make matters worse, wednesday was docked 12 points by the efl because of financial difficulties under the previous owner...its just one big mess 🤦‍♂️
 
🤑 Mike Ashley is at it again. He thinks a quick deal will solve all of Sheffield Wednesday's problems? 🤔 Newsflash: running a football club isn't like buying a casino or a theme park. The financials are way deeper than that. He's gonna stick his £10m in and hope the rest follows? 🤑 Please, let's see how long he lasts.
 
Umm... so like Mike Ashley is trying to buy Sheffield Wednesday for 10 mil 🤑. That's a pretty big deal, right? I mean, I don't really know much about football, but it seems like the club is in a lot of trouble financially. Like, they got docked 12 points and stuff. I wonder why that happened... was it because they didn't pay their players on time again? 🤔

And yeah, there's this one guy John McEvoy who's also interested in buying them, but he already owns some other sports teams, like hockey and baseball teams. That's pretty cool, right? I wish I knew more about the auction process... how does that work exactly? Do they just throw out a bunch of bids and see who wins? 🤷‍♂️

I'm also kinda curious about Mike Ashley's track record... he sold Newcastle to Saudi Arabia for like 4 years ago, but now he's trying to buy Sheffield Wednesday. What changed his mind? Is he just looking for a new challenge or something? 🤔
 
I think Ashley is taking a huge risk by making such a high-stakes bid for Wednesday at just £10m... 🤑 The fact that they're already facing relegation and sporting sanctions, it's not like they're in a great position to attract top talent or retain their existing players... 😬 And with the EFL requiring clubs to stay on the market for 28 days after admin, it's only gonna take longer to figure out who's actually buying them at this point... 🕰️ I mean, the bidding war is already heating up with other potential buyers like John McEvoy in the mix, so you gotta wonder if Ashley can really come out on top and make some sense of Wednesday's financial mess... 💸
 
Omg 🤯 Ashley is back in the game 🎲! He's got a good track record 👍 selling and buying clubs 💰, but can he turn Wednesday around? ⚔️ The club's in a mess 😩, with relegation to League One looming 🏆. But Ashley's willing to take on the challenge 🙌, even if it means dipping into his pockets 💸. He's got some competition 🤝 from other bidders, but only time will tell ⏰ who'll come out on top 🏆. Fingers crossed for Wednesday fans 😞!
 
man, another club bites the dust 🤕... sheffield wednesday is a huge part of british football history and it's sad to see them in such trouble 😔. mike ashley's got a reputation for buying clubs that are on their knees and turning them around, but you never know what his motives are 💸. at least he's given the club access to their data room so they can try and find a way out of this mess 📊. 10 mil is not a lot considering the debt wednesday is facing though £80 million or more would be needed to sort them out 💸💔. hope whoever buys the club knows what they're getting themselves into 🤞
 
I'm not sure if Mike Ashley's £10m bid is a good deal for Sheffield Wednesday or just another example of short-sighted capitalism 🤑. I mean, think about it, when you're struggling financially, do you really want some billionaire swooping in and buying the team out from under your feet? It feels like the club's owners are just trying to make a quick buck, without any real regard for the fans or the community.

And let's not forget, Ashley has a history of selling teams at a profit, but I'm not convinced he'll invest anything meaningful in Wednesday. He's probably just going to strip-mining the club's assets and leave it to rot. It's like they're playing a game of musical chairs, where the next owner gets to hold the chair until someone else comes along... 🎶
 
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