Bord Group Submits New Documents to Football Regulator

The proposed takeover of Sheffield Wednesday by the Bord group has seen a significant development with the submission of new documents to the Independent Football Regulator (IFR). This crucial information addresses financial accounting from overseas businesses within the bidder's group, as their accounts are not as readily accessible as UK-based companies.

The Bord group, which includes James Bord, Felix Romer, and Alsharif Faisal Bin Jamil, has placed a non-refundable deposit of £2.5 million and provided operational funding for the club. However, the IFR requires further clarity on the assurances regarding the source of the funds before approving the bid.

This process, which began with the group gaining exclusivity on Christmas Eve, has faced delays. Despite rumors of the deal potentially collapsing, those involved have privately dismissed such claims, indicating that the Bord group's bid continues to progress. The English Football League (EFL) will ultimately approve the takeover via its Owners' and Directors' Test if completed before May, after which the IFR's remit will expand.

Sheffield Wednesday currently faces relegation from the Championship, rooted to the bottom of the league with a negative points total due to multiple deductions. The club's immediate financial future is secured for the remainder of the season, and should the Bord bid fail, other interested parties are reportedly prepared to step in.