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Update: Henrik Pedersen has now been confirmed as the new Owls manager.
Sheffield Wednesday Next Manager Odds Released as Rohl Departs
Sheffield Wednesday manager: Danny Rohl (previously the youngest manager in the EFL Championship) has officially left the club just as the 2025–26 season starts next week.
After keeping the Owls not only safe but an impressive 12th in the EFL Championship last year, he’s gone, bringing all the familiar turbulence with managerial changes at Hillsborough. This Sheffield Wednesday news may not have shocked fans following a summer of unpaid wages, another EFL embargo and obvious upset behind closed doors.
Now the big question: who’s next in line for the manager of Sheffield Wednesday?
Sheffield Wednesday Manager Odds: Who’s Favourite and Who’s There to Upset the Bet
So, who will take over from Rohl and become the next Owls manager?
Let’s look at the latest Sheffield Wednesday Manager Odds for who’s in line:
Henrik Pedersen
4/6
Luke Williams
6/1
Michael Carrick
8/1
Gary O’Neil
8/1
Steve Cooper
8/1
Stephen Gerrard
10/1
Jack Wilshere
12/1
Michael Beale
12/1
Sean Dyche
14/1
Tony Mowbray
16/1
The Front Runner: Henrik Pedersen
The first Sheffield Wednesday rumour: Henrik Pedersen, Rohl’s long-standing assistant.
Pedersen (4/6) is the overwhelming favourite as he knows the club, he’s been with the club since October 2023 so seen how Sheffield Wednesday plays at games. He was part of helping see Sheffield Wednesday through the relegation battle then mid-table consolidation last season. He signed a contract extension in July and even led early pre-season sessions. That says something – especially when the club is under a transfer embargo and financially stretched.
If you’re an Owls fan, then we can see why you would be delighted at this appointment. Pederson is all about stability, no exotic hires, no cost and just continuity on a shoestring budget for the next Wednesday gaffer.
Others in the Frame for the Next Sheffield Wednesday Manager
Luke Williams (6/1): A favourite with Championship bookmakers after leading Notts County back into League One and managing Swansea City. He’s the “can’t keep him off-market” underdog. His odds mean he’s very much in the mix for the Sheffield Wednesday manager gig.
Michael Carrick (8/1): Fresh from Middlesbrough and with Premier League pedigree (Manchester United midfield legend), his youth-heavy style might fit the Owls’ pressing need for fresh boots – of course if Sheffield Wednesday’s budget permitted.
Gary O’Neil (8/1): His reputation as a motivational figure who did well at Bournemouth and Wolves makes him an appealing Sheffield Wednesday manager candidate (especially if he wants to re-establish himself after recent dismissal) and this would be a great challenge for him.
Steve Cooper (8/1): He’s in the mix given success with Swansea and Nottingham Forest, but a return to Hillsborough for Sheffield Wednesday manager? That would be quite a headline but his achievement certainly makes him a strong contender.
Club Context: Why It Matters Who Gets the Job
Monday’s financial turmoil at Sheff Wed (transfer embargo, wage delays, takeover talk) sets the stage for constraints. Pedersen fits that tight budget; outsiders require faith from the board and investor clarity. Alfresco talk around town is that if the club wants progress without blowing the books, keeping things internal could be the safest move.
On the pitch, this season’s key fixtures (starting at Leicester on 10th of August) mean Wednesday need a steady hand fast. Fans want identity, points, and relative calm in what’s still a storm of financial oversight. A new manager could alter direction or signal more turbulence?
Where Should You Place Your Sheffield Wednesday Manager Bet?
Pedersen’s the most obvious, realistic pick. Stability matters when your club can’t spend.
That said, value bettors might fancy Williams or O’Neil if those odds drift further as the season begins. No risk if Rohl returns? Dead money. But if he doesn’t, that position clears.
Beale, Dyche and Mowbray (all longer odds) represent speculative punts: emotional picks, slightly romantic punts but highly unlikely given the board’s constraints.
Other Sheffield Wednesday Betting Markets
With their first game against Leicester City, the Owls need a focus for the beginning of the season. Leicester (who were relegated from the Premier League last season) will be a tough first game, especially in such club turmoil. We’re not hopeful that the next Sheffield manager will be in place for that first game but as the saying goes, the show must go on.
So, let’s have a look at other betting markets for the Owls this season.
Championship Outright:
150/1 Sheffield Wednesday to win the Championship outright
40/1 Sheffield Wednesday to be promoted
1/3 Sheffield Wednesday to be relegated
Final Thoughts
Danny Rohl’s exit leaves Hillsborough at a crossroads, a club in serious charge trouble, recent relative stability, and no margin for expensive mistakes. Who will be the next Sheffield Wednesday manager? Pedersen’s the sensible pick. Williams intrigues. Carrick/O’Neil bring style and experience but at cost?
From a sports betting perspective, the Owls have some great high risk, high rewards bets. If you’re a Wednesday fan and want to back your club to be promoted; 40/1 is great return for your bet.
But for now, that’s the latest on Sheffield Wednesday manager odds and predictions!