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Sheard Consortium Edge Closer

A consortium headed by Geoff Sheard are reported to be as close as a week away from finalising a 40 million deal to take over Wednesday after making 'significant progress' according to the Yorkshire Post.

Sheard's consortium have been linked with a takeover bid for the Owls for months now, with fans growing increasingly worried at the situation with little reported in the press recently.

But now the Yorkshire Post have revealed that a deal could well be done and dusted in as little as a week, after making progress in discussions with the Wednesday board and former chairman Dave Allen, who still holds a big stake in the club.

And Sheard is also looking to purchase the 10 per cent shareholding held by Wednesdayite, with another 12 per cent from the Shareholders' Association available - with Sheard meeting with the two organisations on Monday in Leeds.

Many Wednesday fans feared the deal could well collapse if Wednesday were relegation from the Championship, but it's also understood that what division the Owls will be in next season will have no influence on a takeover of the club.

According to the report, Sheard has been in discussions with the Owls for the last three months and has now shown proof of funding, a significant step in the deal.

So after months of wondering whether the takeover will go ahead, it looks like good news for Wednesday fans, for the time being at least, and we here at Vital Sheffield Wednesday will be keeping everything crossed!




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The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Wednesday April 23 2008

Time: 10:03AM

Your Comments (oldest first)

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I think I may have done a little sex wee... in my pants!
johnnywalker69
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23/04/2008 10:25:00

The same as me then johnny - good news at last and what a boost it would be for the fans
welshyowl
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23/04/2008 10:27:00

Hahahaha!!! Good one Jonny! Now it's time to get excited i reckon, really really sounds promising!
will it ever happen
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23/04/2008 10:30:00

bet its da whos held it up. but hopefully now it will happen
mick66owl
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23/04/2008 10:59:00

just hope and pray we are in the championship next season for us to benefit.
mansfieldowl
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23/04/2008 11:39:00

BRILLIANT NEWS! What a wait this has been. I can certainly hold out for another week. By the way... is it a wee bit too early to ask if they might be able to lower those season ticket prices now? HA!
YankeeOwl
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23/04/2008 11:57:00

call me sceptical, (spelling?) but I will not beleive it until it is all official....
swfcjambo
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23/04/2008 12:27:00

Great News at last lets just hope this is true and not just more paper talk like we so used to. Just need lads to do it on Saturday and save us from promotion and a year of progression under the takeover. UP THE OWLS !!
stevebooker
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23/04/2008 12:30:00

I anyone wants to read the article in the post here is the link. http://www.yorkshirepost.co.uk/sport/Hillsborough-40m-takeover-deal-moves.4009479.jp
stevebooker
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23/04/2008 12:30:00

Fool me onces, shame on you, fool me twice, shame on me. Heard this same story months ago about 10 times. Im not feeling giddy about anything till its done.
addz123
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23/04/2008 13:09:00

i can smell smoky bacon on this site agen! 3 points on saturday, and the takeover will make me very happy.
SWFCowl
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23/04/2008 13:22:00

BBC Radio Sheffield are reporting that the Wednesday board have accepted a rival bid from a consortium of Tinky Winky, Dipsy, Laa-Laa, and Po, who reportedly made their money in television. The offer consists of providing a new Wednesday mascot for 3 seasons free of charge and adding a new ice cream brand to the food kiosks.
onedeaddj
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23/04/2008 13:37:00

Ah sorry onedeaddj they have been miss informed,it's the Tweenies.UP THE OWLS!
ThatchamOwl
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23/04/2008 13:54:00

http://www.dailymail.co.uk/pages/live/articles/sport/football.html?in_page_id=1779&in_article_id=561367 *****.
SuperOwls
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23/04/2008 14:13:00

HAHA - Brilliant dj!
YankeeOwl
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23/04/2008 14:15:00

God speed Jeffers! Thanks for that link SuperOwls
YankeeOwl
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23/04/2008 14:16:00

Looks like we can wave goodbye to the poor ********! Wonder what wages he's been on this season! Can't help but feel sorry for him though
SuperOwls
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23/04/2008 14:20:00

upski theeski bloodyski owlskis
mick66owl
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23/04/2008 14:21:00

12.000 a week for jeffers, thats why brunt got *****ed off n left cus we wouldnt offer him that!!!
FUTURES BLUE N WHITE
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23/04/2008 15:24:00

Jeffers is the highest earner, followed by the one and only Kenny Lunt! What a joke. KW is also a joke: http://www.thestar.co.uk/headlines/Owls-chief-scout-cleaner-job.4010267.jp Hopefully the takeover will wipe the board clean. Much needed
S6Apple
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23/04/2008 15:56:00

bit of court action against you s6Apple hehehehehehehe
mick66owl
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23/04/2008 16:18:00

12k a week for someone who is well known to be injury prone and yet the board harp on to fans about it's our ticket money that will get the club out of the financial ***** we're in. They take us for muppets
SuperOwls
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23/04/2008 17:01:00

well, it is the season for spring cleaning bfl. Maybe you're just a bit jealous that you don't have anyone to do that on your site? ;)
Marmeduke
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24/04/2008 08:59:00

******s
bladesforlife1889
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24/04/2008 13:03:00

go and support your teams challenge for the hahahahaha playoffs
mick66owl
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24/04/2008 17:44:00

Sheard is a front man for a consortium of human traffickers from amsterdam, all with bold heads and leather trousers...they want to smuggle chinease dvd sellers into sheffield to work outside asda...
wednesdaydoyle
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26/04/2008 21:55:00

I think this will happen during the close season. And then next year we can take all 6 points from the blunts. I mean, we took four off of them with 2 makeshift teams.
Smurf
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27/04/2008 09:28:00

 

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