Sheffield Wednesday takeover update as ‘agreement with one party very close’ according to journalist

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An update on a Sheffield Wednesday takeover has now been shared by one journalist.

Sheffield Wednesday have dominated headlines in the Championship over the summer so far amid their ongoing issues.

Under Dejphon Chansiri, the Owls have been placed under three embargoes, stopping them from signing any players for transfer fees.

However, amid Danny Rohl’s return, some progress on a potential takeover looks to have been made this week.

Sheffield Wednesday takeover update

We shared an update on the takeover of Sheffield Wednesday, confirming one bidder, believed to be US-based, had pulled out.

However, it was our understanding that at least three parties were still looking to push ahead with a takeover.

Now, journalist Alan Biggs has provided a new update on the situation via social media.

He says an agreement with one party is ‘very close’, but stresses there’s still a long way to go owing to EFL checks.

He wrote: “Hearing from one good source that a #SWFC takeover agreement with one party very close. Key word is “agreement.” Would be a long way to go from there in terms of due diligence, EFL checks etc.”

Party named amid Sheffield Wednesday takeover update

Further reports this week mentioned potential interest from a party in Monaco.

Meanwhile, Briggs also revealed one name trying to buy the club after breaking news of an agreement being close.

He wrote: “Don’t know which one but I’ve heard Tilman Fertitta (USA businessman, sports entrepreneur & media personality) mentioned as one of the contenders.”

Tilman Fertitta has an estimated net worth of over $11.2bn.