Former Birmingham City director Sammy Yu is heading a consortium looking to buy Sheffield Wednesday. BBC Radio Sheffield reports that Yu, who left Blues in September 2010, is in talks to purchase the club from current owner Milan Mandaric.

Ex-Portsmouth and Leicester chairman Mandaric took over in December 2010.

He revealed that the Owls were losing around £5m a year at the end of last season and suggested he would be willing to sell the Championship club.