Sheff Wed want preferred bidder by 5 December

Sheffield Wednesday are bottom of the Championship on minus four points after entering administration last month

Sheffield Wednesday's administrators have said they hope to have a preferred bidder by Friday, 5 December.

The Championship club entered administration four weeks ago to bring an end to Dejphon Chansiri's 10-year reign as owner.

Kris Wigfield, managing partner of Begbies Traynor, also confirmed that they have now had 12 parties show proof of funds.

"Several parties have come forward with sensible offers or assured us they will be doing so over the next few days, this is a very strong position for the club and a clear indication of Sheffield Wednesday's huge potential," he said.

"We will review the offers at the start of next week in the hope that by Friday, 5 December we will be able to accept a deposit and grant exclusivity, allowing the EFL's formal checks to begin."

Wigfield announced last week that the club was in a position to pay wages on time for both November and December after fans, who had been boycotting the club in the final months of Chansiri's ownership, returned in large numbers.

Wednesday are bottom of the second tier on minus four points after being given a 12-point deduction for entering administration.

They host Steel City rivals Sheffield United on Sunday, looking for a first home win of the season.