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Owls Close In On Takeover

Some may have given up hope, but reports today are suggesting Wednesday are close to sealing some major new investment in the club which will be announced at tonight's AGM.

The club have actively been seeking investment despite the long, drawn out process of interest from Geoff Sheard and his consortium, which never came to fruition.

But at the AGM tonight at Cutlers' Hall, shareholders of the club are set to hear news that new investment is close, and that the club's bank, the Co-op, have already been involved in talks.

An announcement to the Stock Exchange has also been prepared for first thing on Thursday morning according to a report in today's Yorkshire Post.

The group involved with the takeover are not yet known, although it's expected that there is some overseas interest in Wednesday, with meetings taking place behind the scenes in recent weeks.

Owls fans will no doubt be pleased, yet wary, of the news, and may take more heart from the fact that talks have been going on behind the scenes and not so much in the public domain, as the Geoff Sheard talks did.

Bring on the AGM!

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The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Wednesday December 17 2008

Time: 9:39AM

Your Comments

Kaven walker has signed up with Bernard Madoff's investment group
Aston Owl
ken bates emptied his piggy bank?
I've heard its a merger with United.
Radon Barrier
OK OK, I'll come clean...........I've just won the Christmas Raffleand wondered what to do with the money!!!!!!!! ha ha.
What a great Christmas present! let's hope it's for this Christmas and not next years or the year after etc. etc.
Brighton Owl
Oh no, here we go again!!!!
will it ever happen
Lets hope it's true and the buyers are from the same family that have bought Man City
US Owl
this the star report; WEDNESDAY are set to raise hopes of new investment at Hillsborough. An announcement will be made at tonight's annual general meeting of shareholders at the Cutlers' Hall. It is understood that the club will not be announcing the completion of a takeover deal. But it is believed that the board WILL be reporting significant progress. The club have been working behind the scenes for months on trying to secure new investment or a takeover. It has been known for some time that they have been in discussion with parties other than Geoff Sheard, who is not involved in the current new moves and whose campaign seemed to fizzle out after a 10-month saga. It has now also been claimed that the prospective new investors have had talks with the club's bank. No official advance information is coming out from the club because it is a PLC matter and the Owls will feel that the agm is the proper platform for them to update shareholders. A statement could also be made to the Stock Exchange tomorrow - but this would almost certainly be merely a procedural repeat of whatever information is supplied to shareholders tonight. So optimism about a fresh financial start for the club is growing. A club insider revealed in The Star recently, following an encouraging set of accounts, that he felt fresh optimism about a deal though the Owls were one of several clubs seeking financial backing in a difficult economic climate. Manager Brian Laws spoke last week of an undisclosed "Plan A" that he described as mouth-watering if it came to fruition. The Owls boss also wanted assurances about the future direction of the club before agreeing to sign his new contract last month and said after putting pen to paper that he was satisfied the club were making strong efforts to bring in new money. There have been anti-climaxes before in the Owls' long hunt for new backing but fans will hope that a breakthrough is on the way. Shareholders Association chairman David Coupe said: "We want to know what plans the board have for taking Wednesday forward. We welcome any new investment, whether it's cash, brains or dynamism."
Why are we selling Beevers to bolton then?..............
its obvious isnt brinsworth no money just the brains and dynamism thats coming in another dave allen by the sounds of it.
brains and dynamism...... hmmmm.... is it a consortium headed by Carol Vorderman and Mr Motivator?
We are not selling Beevers to Bolton, simple as that!
will it ever happen
ha ha ha ha this is getting more boring than the tevez saga!! wake up and realise that no one wants to buy your dying, debt ridden, flooding, scrubby so called football club!!!
you will have no choice to sell beevers if someone offers 1.5m - 2m for him. going on recent performances i wouldnt pay 2 quid for him!!
your almost has predictable as the takeover pigforlife and as BORING
Thought we got shut of this trout!!!
will it ever happen
get your own house in order moonpig!!!!!!!!!
thought you were barred anyway?
That's exactly how you make us all feel BFL. Why not just go back to your own scummy site and see if any of your piggy friends (if you have any) can come up with something constructive & intelligent to say - because it's obvious you can't.
US Owl
everyone hates sheffield united AND I MEAN EVERYONE i meet people all the time and talk about football and its always the same story, "i like wednesday, and id like to see em back in the premiership, cant stand sheff utd though, whingin on about being relegated when they were just *****" we will be in the premiership before you porkers. so kcuf you stupid piggy basssssssstarrrds!
can tell its school holiday time again pigforlife is back.
More like the nursey's have broke up!!
will it ever happen
More takeover speculation.. I cant even be a**ed to read the articles these days... Hope all blues had a splendid Christmas.

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