Sheffield Wednesday owner Milan Mandaric has made some ambiguous remarks which seem to indicate that the Owls are not for sale, but the right buyer would not be shown the door given continuing losses (which virtually all Championship clubs experience).
He claimed that Sheffield Wednesday are currently losing around £5m a year which is consistent with figures that have been reported before. Speaking to BBC Radio Sheffield, the former Leicester City and Portsmouth FC owner said that the club was losing the money as they serviced its debts.
Sheffield Wednesday owner Milan Mandaric has made some ambiguous remarks which seem to indicate that the Owls are not for sale, but the right buyer would not be shown the door given continuing losses (which virtually all Championship clubs experience).
He claimed that Sheffield Wednesday are currently losing around £5m a year which is consistent with figures that have been reported before. Speaking to BBC Radio Sheffield, the former Leicester City and Portsmouth FC owner said that the club was losing the money as they serviced its debts.
‘This club is losing money, probably around £5million and next year won’t be any different,’ he told the station. But Mandaric played down speculation that he was seeking an immediate buyer for the Championship club. ‘I’m not just looking for any buyer, I’m looking for the right buyer who can take this club where it wants to go,’ he added.
‘There are a lot of people who come and have a look at the club but we’re not pushing to sell the club at the moment. I said before if someone proper comes along and they are the right person for the club then I will step aside. I sold Leicester for less money than what I had invested but they were the right people and I felt like my mission was completed.’