Interest in Owls 'positive', says administrator

Sheffield Wednesday have to be on the market for at least 28 days from the point of entering administration

One of the joint-administrators of Sheffield Wednesday said the initial interest from potential new buyers of the Championship club has been "positive".

Kris Wigfield, managing partner of Begbies Traynor, was one of three administrators put in charge last month to run the club and find a new owner to take over from Dejphon Chansiri.

In a statement ahead of Wednesday's home game with Norwich City, it was revealed that things are moving in the right direction.

"At this early stage of proceedings we can be positive about the initial interest in the club," Wigfield said.

"There is real progress being made in the efforts to find a suitably qualified buyer and owner that can help Sheffield Wednesday move forward."

With Wednesday entering administration on 24 October, the Owls will be on the market for 28 days, until at least 21 November, under EFL rules.

But Wigfield has thanked the club's supporters for their show of loyalty in buying match tickets and merchandise from the club shop to help with day-to-day running costs.

"This also has a secondary effect of clearly demonstrating to prospective buyers the huge potential of this historic club," he added.

At this stage, Wigfield said that potential buyers have to provide proof of funds of £50m to cover the club's liquid assets before they will be allowed to study Wednesday's financial figures.

He added that the market will dictate at what price the club is valued, while any buyer would have to pass the EFL's Fit and Proper test and also have proof of funds for two years after purchase.