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Simon Jordan’s reported £75m loss and his later Sheffield Wednesday takeover interest are separate stories. A 2012 profile described him as the “former owner of £75m” and said he attributed more than half of the loss to football; it did not provide an audited accounting. In 2025, Jordan said he had assembled a consortium to examine buying Wednesday, but decided not to proceed. He did not complete a takeover or, on the evidence reported, make a formal offer.
What does the reported £75m loss mean?
The £75m figure comes from a 2012 profile of Jordan in The Independent. It described him as the “former owner of £75m” and said he attributed more than half of his loss to football. That is a reported account of his lost fortune, not an independently audited total or evidence that he personally spent exactly £75m on football.
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The same profile reported that Jordan and a partner sold Pocket Phone Shop for £78m, and that he paid £10m to buy Crystal Palace. Those are different figures describing different events: the reported business sale price, the Palace purchase price, and the later description of his lost fortune. They should not be added together or treated as a reconciliation of his personal finances.
How did Jordan build—and lose—his fortune?
Jordan made his money in mobile phones. A 2001 profile in The Guardian described him as a mobile-phone entrepreneur and reported a £75m accumulation from that business at the time. In 2012, The Independent reported the £78m sale of Pocket Phone Shop and recounted Jordan’s purchase of Palace for £10m. The later profile described the collapse of the club into administration in 2010 and Jordan’s subsequent loss of his fortune.
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Jordan’s own reflections in the 2012 profile point to risk and ambition as part of the explanation. He said: “So there is commercial sense, but sometimes you just take more risks, which was always my achilles heel because I’m an inveterate risk-taker.” He also warned that football ambition can push owners toward decisions they would not make in other businesses: “If you have ambition in football that’s the dangerous thing because the ambition will drive you on to make decisions that commercially you might not make in any other business.”
Those comments help explain his view of the risks, but they do not establish a detailed breakdown of the £75m loss. The published figures do not show an audited reconciliation of what he lost, how much was tied to Palace, or how much was attributable to other investments or liabilities.
What did Jordan say about Sheffield Wednesday?
In November 2025, Jordan said he had put together a consortium to examine a potential purchase of Sheffield Wednesday. As reported by SheffieldWednesday.news, quoting his comments on TalkSPORT, he said: “I put together a consortium of people, very wealthy people who put up £50 million to have a look at Sheffield Wednesday.” He said he then chose not to proceed. That is an account of assembling backing to assess a purchase, not proof that the group submitted a formal offer or bought the club.
Why he said he walked away
Jordan’s stated objection concerned the terms he believed would require money to go to former owner Dejphon Chansiri, alongside the EFL creditor repayment threshold. The report also quotes him raising the club’s debt and stadium. These were Jordan’s reasons as reported, not an independently verified account of the transaction’s full economics or a confirmed calculation of what a buyer would have had to pay.
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1Clear out junk files and repair common Windows errors2Scan for outdated or missing drivers - takes under a minute3Repair Windows errors before they cause bigger problemsThe club’s finances were a live concern in 2025. In September, BBC Sport reported late tax, transfer-fee and wage payments and an EFL investigation. The EFL said: “We are clear that the current owner needs to either fund the club to meet its obligations or make good on his commitment to sell to a well-funded party, for fair market value – ending the current uncertainty and impasse.”
In that same September 2025 BBC Sport report, football finance expert Kieran Maguire estimated a value of roughly £40m–£50m using a revenue multiple. He said Wednesday’s stadium condition and the fact that the club did not own it should push the valuation toward the lower end. This was an expert estimate at that time, not a sale price or an agreed valuation for Jordan’s group.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What happened to the later Sheffield Wednesday takeover bid?
Jordan’s consortium did not become the buyer. The process continued with other interested parties. In January 2026, a consortium led by James Bord was reported as Wednesday’s preferred bidder; The National also quoted Jordan describing the club as a “huge” opportunity if run properly.
That preferred-bidder status did not lead to a completed takeover. BBC Sport reported on 25 February 2026 that Bord’s consortium withdrew from its proposed £47.8m takeover and that administrators planned to re-engage with other interested parties. The BBC’s report is the latest dated status cited here; it does not establish who ultimately owns Sheffield Wednesday after that date.
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Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →The key distinction is between Jordan’s reported consortium, the later Bord-led preferred bid and its withdrawal. The £50m Jordan said his group had put up to examine the club, the £40m–£50m expert estimate, and Bord’s proposed £47.8m takeover refer to different accounts, an estimate and a proposal at different times—not comparable confirmed sale prices.
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