Sheffield Wednesday Takeover Stalled as EFL Reviews Bidders’ Funding Sources

Sheffield Wednesday Takeover Stalled as EFL Reviews Bidders' Funding Sources

The English Football League is carefully reviewing the potential takeover of Sheffield Wednesday to determine if the acquisition is primarily funded by gambling and crypto-gambling profits. A consortium received preferred bidder status from Wednesday’s administrators on Christmas Eve, with funding from members James Bord, a professional poker player, and Felix Roemer, a crypto-gambling casino owner. The EFL is evaluating whether the bidders meet its owners’ and directors’ test requirements.