Source:REUTERS/Angelika Warmuth
[Saba Sports News] According to recent reports from French media, John Textor, owner of Ligue 1 side Lyon, is interested in acquiring a stake in struggling Championship side Sheffield Wednesday. He believes that the English club should be competing in a higher division. Sheffield Wednesday has not fully paid May’s wages, and April’s wages were also delayed, and its owner Dejphon Chansiri has wanted to sell the club since 2018, indicating serious financial difficulties. If Textor completes the acquisition, the club will receive much-needed funding, helping to clear outstanding wages and invest in the transfer market to achieve better results. Textor, an American investor, has experience managing clubs such as Lyon, giving him access to valuable business resources and international market expansion experience. With the World Cup set to be held in the U.S. next year, he may seize this opportunity to significantly boost Sheffield Wednesday’s popularity in the U.S., increasing club revenue through commercial partnerships or broadcast rights sales.