Stefan Borson suggests how long it will take to finalise new Sheffield Wednesday takeover deal

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“There’s an urgency,” said Borson. “I mean, the administrators have said publicly that they’ve got enough money to get to the end of the season.

Of course, the implicit statement there is that beyond the end of season, they don’t have enough money, and that’s the challenge, so the clock is ticking. “I don’t think the administrator could take any risk now of going through with another party, no matter how much they were putting on the table frankly, that was then going to be rejected.” Read More: Sheffield Wednesday fans all say the same thing about sacking Henrik PedersenWhy Sheffield Wednesday adminstrators accepted James Bord offerBorson insisted it made sense for the administrators to hand Bord preferred bidder status due to Sheffield Wednesday’s financial situation.

Credit: Sheffield Wednesday“I mean, we don’t know that because they said that they were fine on the regulation side, but obviously it was dragging on and, at some point, you have to say enough is enough. “It’s a strange way to spend £4m-plus, but they’ve done that and that’s to the benefit of Sheffield Wednesday and the administrator because it’s an enormous amount of money.