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Sheard Consortium Edge Closer

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!

Writer:Nick
Date:Wednesday April 23 2008
Time: 10:03AM

Comments

0
I think I may have done a little sex wee... in my pants!
johnnywalker69
23/04/2008 10:25:00
0
The same as me then johnny - good news at last and what a boost it would be for the fans
welshyowl
23/04/2008 10:27:00
0
Hahahaha!!! Good one Jonny! Now it's time to get excited i reckon, really really sounds promising!
will it ever happen
23/04/2008 10:30:00
0
bet its da whos held it up. but hopefully now it will happen
mick66owl
23/04/2008 10:59:00
0
just hope and pray we are in the championship next season for us to benefit.
mansfieldowl
23/04/2008 11:39:00
0
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
23/04/2008 11:57:00
0
call me sceptical, (spelling?) but I will not beleive it until it is all official....
swfcjambo
23/04/2008 12:27:00
0
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
23/04/2008 12:30:00
0
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
23/04/2008 12:30:00
0
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
23/04/2008 13:09:00
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