
Alan Needham
185 posts






EFL statement on Sheffield Wednesday #SWFC Further to the update provided this evening by the Administrators of Sheffield Wednesday, the EFL wishes to clarify that matters in respect of the sale of the Club are ongoing and subject to meeting the strict requirements as set out in the EFL Regulations. The League only received formal written notification of the preferred bidder earlier this week and has subsequently been sent initial documentation in respect of the proposed sale. This information is being reviewed and has allowed the EFL to commence its due diligence. This, however, is only the start of the process and it is important that all those associated with the Club understand that the League is required to follow its comprehensive procedures, which will include seeking further detail from both the Administrators and preferred bidder. There is no set timescale for this to be concluded. In addition, it is also important to state that the EFL Regulations do not prohibit the identity of a preferred bidder being revealed. They do however prohibit parties from announcing that a deal has been concluded subject to EFL approval.






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