"Kris Whitfield, managing partner at Begbies Traynor, confirmed cash flow had increased to meet short-term costs thanks to the efforts of Wednesday supporters in buying match tickets and merchandise. This puts the club on a sounder footing going forward and comes at a time when serious bidders will be examining the finances and analysing the potential of this historic club. We all think it is very important that the fans know what a huge difference they are making."
"The joint-administrator also revealed there had been interest from around the world in buying the South Yorkshire club. Wednesday have been in administration for three weeks and offers can be made until the 28-day initial deadline of Friday, 21 November. When that deadline passes, the administrators will hope to see serious offers put forward before they can then reach preferred bidder status for acquiring the club. It is during this period that even more patience will be required."
Sheffield Wednesday can meet short-term payroll obligations for November and December after fans ended a boycott and boosted cash flow by buying tickets and merchandise. Kris Whitfield of Begbies Traynor confirmed the improved finances and said the timing benefits the club as bidders assess finances and potential. Administrators have received double-digit global enquiries and remain in the 28-day initial sale period ending 21 November, with a hope that viable bidders will emerge. Administrators caution against rushing a sale and emphasize securing a long-term solution. The club sits bottom of the Championship with minus four points and faces Sheffield United on 23 November.
Read at www.bbc.com
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