There could be some light at the end of the tunnel for Sheffield Wednesday, with reports that administrators have been given proof of funds from three parties keen to buy the club.
According to the BBC, three parties have submitted evidence that they can pay the £50million required to take over the Championship strugglers.
And they also add that they expected the number of parties to increase too.
Sheffield Wednesday have been in administration since October 24 – in a move that the fan base will welcome as they look to see disliked owner Dejphon Chansiri depart.
In doing so though, the Owls have been hit with a 12-point deduction by the English Football League (EFL) and are bottom of the second tier, 16 points adrift of safety.
Earlier this month, Daily Mail Sport exclusively revealed last week that the club was facing a winding-up order over an unpaid tax bill, which is close to £1m and thought to relate to PAYE and VAT.
Sheffield Wednesday fans may have something to cheer for as the club looks for new owners
Wednesday are in administration as the fallout of Dejphon Chansiri’s ownership continues
Wednesday, who have paid wages late in five of the past seven months, are currently under five embargoes with the EFL too.
While the sporting prospects are bleak in the immediate future, the move is sure to hasten the departure of Chansiri after a decade at the club. Begbies Traynor, Sheffield-based specialists in the recovery of companies, has been appointed the administrators.
It is unclear who the interested parties are, but as exclusively revealed by Daily Mail Sport on Monday one of those candidates mulling over a swoop is Mike Ashley.
Ashley, the former Newcastle United owner who specialises in acquiring distressed assets, is aware of the situation and, according to those with knowledge of the process, weighing up next steps.
While fans of the North East club were delighted to see him leave, there are many in South Yorkshire who believe his business acumen could be what Wednesday need to put them back on track after the disastrous end of the regime of Chansiri.
Earlier this year Ashley, 61, was named the 52nd richest person in the UK with an estimated net worth of £3.12billion.
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