The drama surrounding Sheffield Wednesday’s ownership has continued, with the club’s preferred bidder dropping out of the battle for ownership

A consortium, led by Dunfermline co-owner James Bord withdrew their interest, as they concluded their valuation of the club was significantly less than their bid of £47.8m. Despite the withdrawal, a number of bidders still remain interested, including former Newcastle United owner Mike Ashley and American businessman David Storch.

Ashley was formerly CEO of Sports Direct and owned Newcastle United between 2007 and 2021, initially popular, Ashley’s time at Newcastle ended in disgrace, trying to sell the club on multiple occasions, renaming the their stadium to ‘Sportsdirect.com @ St James’ Park Stadium’ and suffering two relegations. The club was sold to a consortium for £300m in October 2021.

Despite this stint, Ashley has made his interest in Wednesday clear, with his representatives set to meet with the club this Thursday. Ashley’s bid is thought to be lower than other’s in competition for the club.

Wednesday fans seem split on the potential of Ashley as owner, one fan wrote that if Ashley can ensure no points deduction for Wednesday next season, “He’s already the best owner we’ve had in a decade.” Others made more cautious statements.

Other fans are keen on the interest from David Storch, the founder of investment firm Arise Capital Partners. When questioned by the BBC on why he held interest in the club he said : “”When we went to the Wednesday game on 5 November (against Norwich), I just couldn’t believe the atmosphere, the energy, the singing, the fan engagement.

“We have a blueprint for proper governance, fan engagement, financial stability, sustainability and football strategy.”

Storch is adamant the club will not accept any points deduction in League One, as he aims to guide the team back towards security. His strong promises have won over some fans. One Facebook user said: “I like what Storch has had to say about plans for infrastructure, engaging with the fans, etc but I also like that he’s quite clear on being sensible with the purchase price.”

The club have announced: “We have set a clear deadline for new indicative offers and will move forward without unnecessary delay.”

They said: “We understand this news will be disappointing.

“However, the Club is funded for the remainder of the season, interest in acquiring Sheffield Wednesday remains active, and the sales process continues.”