The Yorkshire club have already been relegated to League One, but have set a deadline of May 1 to complete Arise Capital’s proposed takeover.
The American investor is heading a group that includes his son and Tom Costin, and preparations are already underway as they await approval from the EFL.
Head coach Henrik Pedersen has endured a challenging season with a young and inexperienced squad, though he could be given the opportunity to rebuild under the new ownership.
However, no major investment in the club or its playing squad can happen until the takeover is officially finalised. According to Football Insider, Sheffield Wednesday are already planning to appoint Joe Savage to a key off-field role.
The former Hearts executive is reportedly being considered for a newly created sporting director position, where he would oversee recruitment as part of the club’s revamped structure under the incoming ownership.
Savage, 42, spent three years at the Scottish Premiership club and is widely credited with helping to build the squad currently sitting at the top of the table. He has also held chief scout roles at Norwich City and Preston North End, bringing significant recruitment experience ahead of a potential move to Hillsborough.
In addition, David Bruce is expected to take up the role of CEO, with plans progressing in anticipation of the takeover being completed.
These developments suggest growing optimism that the deal will go through, with just two weeks remaining before the May 1 target date.
Sheffield Wednesday currently sit bottom of the Championship with only four matches left, and the season is due to end on May 2.
Should the takeover be finalised by May 1, the new owners would be in place for the club’s final-day home fixture against West Brom.
