Mike Ashley, the former owner of Newcastle United, is preparing for a critical meeting with the administrators overseeing the sale of Sheffield Wednesday. This comes in the wake of the recent collapse of a takeover bid led by James Bord for the club. Ashley, who previously acquired Newcastle in 2007 and sold it in 2021, is revisiting the potential acquisition of Sheffield Wednesday after previously failing to agree on a deal last year due to his £35 million offer, which was below the club's asking price.

The administrators from Begbies Traynor are reportedly interested in reassessing Ashley's intentions to buy Sheffield Wednesday and will take this opportunity to discuss his renewed interest in the club. Ashley's previous negotiations did not include discussions about Sheffield Wednesday, but the current situation may allow for a more favorable outcome regarding his potential investment. This meeting could mark a pivotal point in both Ashley's post-Newcastle career and the future of the Championship club.

The implications of this meeting are significant, not only for Ashley but also for Sheffield Wednesday and their supporters. With the previous bid collapsing, fans might be anxious about the club's financial stability and overall direction. If Ashley's renewed interest leads to a successful acquisition, it could signal a dramatic turnaround for the struggling EFL side and bring a figure well-known in the football community back into the spotlight.