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Ashley front runner to buy Owls

Mke Ashley is one of several bidders who have submitted an offer to buy Sheffield Wednesday.   The exact number of bidders is not known, but American businessman David Storch is to have made an offer.

Charlie Methevn, formerly involved at Sunderland and Charlton, is thought to be fronting a consortium (which seems to be his role in life).

Administrators Begbies Traynor will announce their decision next Wednesday.   Around £18m is thought to be a suitable price, but any new owner would need to pump in cash to get them promoted from League One next season.  They will be helped by a large and strong fan base.

Ashley is thought to be front runner as he should pass the EFL test for owners and directors and he can take over quickly.  He is worth over £3 billion according to the Sunday Times rich list.

He wasn't popular at Newcastle, but may want to rebuild his football reputation.





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