Recent developments have stirred the football community in Sheffield. Sheffield United’s American owners, COH Sports, have made inquiries regarding the sale of their city rivals, Sheffield Wednesday. This comes amid growing uncertainty surrounding Wednesday’s financial state.
Sheffield United’s Ownership and Inquiry
COH Sports, led by Steven Rosen and Helmy Eltoukhy, took full control of Sheffield United in December 2022. Since then, they have been focused on stabilizing the club, which is currently facing challenges after a disappointing season. After a recent victory against Sheffield Wednesday, the speculation about their interest in purchasing the struggling club has heightened.
Background on Sheffield Wednesday
Sheffield Wednesday is under scrutiny after being placed into administration in October. This situation has led to a significant 12-point deduction, impacting their standings in the Championship.
The English Football League (EFL) is currently investigating potential further breaches of financial regulations. Additional point deductions this season cannot be ruled out, adding to the urgency of the situation.
Potential Buyers for Sheffield Wednesday
Approximately 80 parties have expressed interest in Sheffield Wednesday. However, neither COH Sports nor Mike Ashley, the former Newcastle United owner, has made formal offers yet. It is reported that Ashley is among the potential buyers observing the situation closely.
- Number of parties interested: 80
- Potential sale price: Exceeding £40 million
- Current club standings: Sheffield Wednesday at the bottom of the Championship
Controversy and Fan Reactions
COH Sports’ inquiry into Sheffield Wednesday has sparked debates among fans, especially following Sheffield United’s 3-0 win in the recent derby. Many supporters are apprehensive about the implications of two rival clubs being under the same ownership.
John McEvoy, a billionaire investor, is also among the leading candidates interested in acquiring Sheffield Wednesday. His diverse investments include a minority stake in Various Artists, which represents local band Reverend and the Makers.
As the situation evolves, both COH Sports and Sheffield United have been contacted for comments. However, the club’s administrators, Begbies Traynor, have declined to respond publicly.
The fate of Sheffield Wednesday remains uncertain. Fans and stakeholders alike are keenly watching how this inquiry will unfold and its potential impact on the future of both Sheffield clubs.
