Ten potential buyers interested in Sheffield Wednesday with Friday deadline for offers to be made
The Championship's bottom club went into administration last month
Ten parties are now understood to have provided proof of funds ahead of a potential takeover of Sheffield Wednesday.
The Championship's bottom club went into administration on the 24th of October, incurring an automatic 12-point deduction from the EFL.
Administrators have spent the past several weeks preparing the ground for Owls to be sold, with interested parties being shown around Hillsborough.
In an update issued last week, Kris Wigfield from administrators Begbies Traynor wrote: "Any potential bidders need to provide proof of funding to cover £50m liquid assets before access is granted to a data room."
"At this early stage in the process no bidders will have had a chance to fully review the complete picture of the business, assets or profits and losses, and so any estimates on specific financials is simply premature guesswork."
"The market will decide what the club is worth, in due course, when we are able to qualify all bidders and they have reviewed the financials and made their formal offers."
Any potential new owner will have to pass scrutiny from both the EFL and the new Independent Football Regulator.
A soft deadline of Friday has been set for offers to be made.