Controversial businessman becomes favourite for Sheffield Wednesday takeover

• New bids for Sheffield Wednesday are anticipated by Friday, with prominent businessmen Mike Ashley and David Storch emerging as leading contenders to acquire the club.
• This follows the recent withdrawal of a consortium led by former professional poker player James Bord, who had previously been designated as the preferred bidder.
• Bord's group withdrew their £47.8 million offer, stating the scale of the original bid was no longer justifiable, despite having spent over £4 million on running costs.
• Sheffield Wednesday was recently relegated to Sky Bet League One and currently faces a seven-point deficit due to earlier deductions for entering administration and late wage payments.
• Administrators are working on an "expedited timetable" to identify new buyers, with the Supporters' Trust urging a swift resolution to ensure the club's competitiveness next season.

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Mike Ashley becomes frontrunner for Sheffield Wednesday takeover