Sheffield Wednesday takeover in limbo while EFL checks source of bidders’ funding
EFL examining if funds mostly from gambling proceeds
Bidders’ advisers say money is from investments
The English Football League is taking its time assessing the prospective buyout of Sheffield Wednesday to establish whether the purchase would be largely funded by the proceeds of gambling and crypto-gambling operations.
A consortium was given preferred bidder status by Wednesday’s administrators on Christmas Eve, with the funding coming from two of its members, the professional poker player James Bord and the crypto-gambling casino owner Felix Roemer. The EFL is assessing whether the bidders comply with the requirements of its owners’ and directors’ test (ODT). Continue reading...
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