Former owner Dejphon Chansiri has exited after a extended protest by Owls fans
Sheffield Wednesday's joint administrator states they have four or five serious interested parties and the club could have fresh ownership by the year's conclusion.
Kris Wigfield is heading the search for fresh proprietors following Dejphon Chansiri placed the Championship club into administration on Friday.
The administrator explains the Owls are required to stay on the market for nearly a month under Football League guidelines and claims they have already received substantial interest.
The official told a programme he expects the incoming investors are established to recruit fresh talent in the winter transfer period.
Wigfield commented: "Usually, you attract a lot of interested parties that possibly won't satisfy the criteria, but within the multiple inquiries we've had, we certainly feel that there are already multiple interested parties that seem like the genuine article.
"There are two criteria that new owners basically must satisfy to afterwards open dialogue and for there to be an possibility where they can present a proposal.
"Firstly is they have to show the insolvency practitioners that they would establish the sports team viable. So they've must show that they've possess sufficient funds to be able to finance it for the next few years.
"Additionally, we must be satisfied that they can satisfy the proprietor suitability assessment, and if they can satisfy these two criteria, then we'll begin discussions to them in earnest."
Fans Have Gathered Half a Million Pounds Since Friday
The administrator expects the sale process will move quickly and a party may have primary bidder designation within weeks, with a goal to finalizing the purchase of Wednesday before the end of the year.
"Because of EFL rules, we have to offer the organization for 28 days," he stated. "Consequently it will be at least four weeks until we're getting close to a leading candidate position.
"Thus I'm hopeful that by the end of November, if things go well, we might determine who's planning to buy the football club.
"Then hopefully a transaction can be concluded within this year, so that the new owner is in for... the winter signing period, if the EFL allows the new owner to sign athletes."
Owls supporters returned in their large numbers on the weekend subsequent to their prior abstention and a season's best attendance of 27,261 witnessed the 2-1 loss to the opposition at their home ground.
The administrator reports supporters have already spent in excess of £500K on match passes and in the team store to sustain the club.
"We started with zero funds to begin with, but the supporters have since then put in over half a million pounds since Friday through acquiring tickets and merchandise," he stated further.
"Therefore the support has been amazing, but we have to keep raising money to be able to cover the player payments in one week.
"Therefore more tickets are becoming available for the upcoming fixtures today and we require the followers to maintain acquiring stuff. It's a somewhat difficult circumstance, but that's our requirement."
