US billionaire eyes Sheffield Wednesday takeover – with advice from Reverend and the Makers

He is the founder of a San Diego-based mobile device distribution company who has gone on to build a diverse portfolio of equity stakes across various sectors. Having abandoned efforts to buy Coventry in 2022, McEvoy is understood to have been weighing up a bid for Wednesday for months. The club’s administrators were not available for comment on Tuesday but several sources close to talks say they are aware of his interest.

McEvoy’s name came to light after joint administrator Kris Wigfield, of insolvency firm Begbies Traynor, confirmed there are “already four or five interested parties that look like the real deal” for new ownership.

However, figures involved in the process of finding a new buyer told Telegraph Sport on Tuesday night that they were “not going to speculate on interested parties”, adding that “nobody” knows at this stage who the eventual owner will be.

There is no shortage of interest despite the Championship’s bottom club triggering a 12-point deduction – with potential more sanctions to come – after being put into administration on Friday. The English Football League is now investigating further alleged breaches of its financial regulations and has not ruled out docking points again this season.

Henrik Pedersen’s side are already in dire relegation trouble, on -6 points after 12 games and 16 points adrift of safety. However, with Chansiri now out of the club some of the gloom is lifting, with former Newcastle United owner Mike Ashley also said to be monitoring the situation.