Latest Update from Kris

16 minutes ago, beswetherick said:

We must:

• maximise returns to creditors; and
• secure the right long-term owner for Sheffield Wednesday.

Rushing this stage would serve neither objective.
 

“Secure the right long-term owner for Sheffield Wednesday” is the bit that stood out to me. I’d much rather wait a bit longer for a better outcome than them rush into a sale to some tyre-kicker just to meet a deadline. 

Yeah, I like that because for a while we’ve been told that it will just be the highest bidder to get maximum returns for the creditors and that’s all they’re bothered about. 

2 minutes ago, Deluded Owl said:

I think they’ve got until the end of January to get a deal done before the money starts to run out?

Thats when the next cut of tv money drops, so I don’t think January is a particular deadline. 

Just now, the_forgotten_city said:

Summat they’re not telling us here

Here we go...

39 minutes ago, Andysowls said:

These guys have communicated with the fans more than ‘he’ did in 10 year!

Definitely!

2 minutes ago, wellbeaten-the-owl said:

Am being very nitpicky here (do sometimes seem to fear the worst) but would have been happier if @Kris Wigfield had reconfirmed that the "strong credible offers" they are working with are above the level needed to avoid the 15 point deduction. 

I think it had already been stated that several offers were above that requirement. So unless after looking further into the club and finding something not yet disclosed causing offers to be lowered or withdrawn, we can assume it's a zero points start in L1. TBH if I was buying I'd look very, very carefully at the Cancer's accounting.

4 minutes ago, the_forgotten_city said:

Summat they’re not telling us here

My guess is that the highest bidder is not necessarily the best long term bidder … yet

34 minutes ago, danblakemore said:

Can’t argue with that as a statement 

Do you want to bet.

6 minutes ago, the_forgotten_city said:

Summat they’re not telling us here

Go on I'll bite.

Like what?

37 minutes ago, danblakemore said:

Can’t argue with that as a statement 

You must be new around here 

Couple of ways to interpret this. 
1. None of the remaining bidders reach the amount required to satisfy creditors

2. A bidding war is ongoing.

I like the sound of the latter.

2 minutes ago, McRightSide said:

My guess is that the highest bidder is not necessarily the best long term bidder … yet

Or like a property sale it’s still going up? Or someone new has come to the table( apparently shown round the ground this week) ? Their just doing their jobs correctly and now a game of patience 

4 minutes ago, Blergh said:

Thats when the next cut of tv money drops, so I don’t think January is a particular deadline. 

It will impact on signings though unless we get permission from the EFL to add to the squad. It's just possible we might lose a player or two for fees or because they entitled to after late payments in this current situation. In such case I'm sure we'd get permission to add one or two loans/free agents but the squad would be likely weaker. The deal needs to be done IMO.

4 minutes ago, prowl said:

Do you want to bet.

1 minute ago, Blatter said:

Couple of ways to interpret this. 
1. None of the remaining bidders reach the amount required to satisfy creditors

 

2. A bidding war is ongoing.

 

I like the sound of the latter.