Two rival bidders are reported to be battling to take control of Sheffield Wednesday with talks near to a conclusion. Both of them are understood to have completed due diligence and are prepared to pay the asking price of £25m.
One is believed to be led by Hong Kong businessman and former Birmingham City director Sammy Yu. He declared his interest on behalf of a Chinese group five months ago. The identity of the second bidder is not known, but there are rumours of interest from the Middle East.
Two rival bidders are reported to be battling to take control of Sheffield Wednesday with talks near to a conclusion. Both of them are understood to have completed due diligence and are prepared to pay the asking price of £25m.
One is believed to be led by Hong Kong businessman and former Birmingham City director Sammy Yu. He declared his interest on behalf of a Chinese group five months ago. The identity of the second bidder is not known, but there are rumours of interest from the Middle East.
Milan Mandaric spent £9m to take control in 2010 and more than that to repay debts and fund signings. The 75-year old wants to spend more time with his family in the United States.