UK time is: 07:28:44
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Owls Reveal Investment On Track

Wednesday fans have been given a fresh update on the investment process at Hillsborough with another positive statement from the club today.

Owls chief executive Nick Parker and all behind the scenes at S6 have been working hard towards a March 31 deadline for fresh investment in the club.

And they've revealed that the deadline is still a realistic one to meet, revealing that an agreement has been reached with the Co-Operative Bank, the club's backers, regarding the indebtedness of the business.

The club also revealed that discussions are also going well with other creditors and key shareholders in order to get an agreement in place for any potential investors in the club.

'Long term financial stability is obviously a pre-requisite before any professional investor will put money into a business and these positive discussions pave the way forward for the club,' Parker told www.swfc.co.uk.

'We thank all the major creditors and parties involved for their support during this complex and protracted process and look forward to delivering a successful and financially secure future for Sheffield Wednesday.'

It's another step forward for the club in the search for fresh investment, and another positive day in a superb week for Owls fans.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



For the very latest Championship odds

Click here to join in the debate on the club forum.

The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Friday February 13 2009

Time: 12:26PM

Your Comments (oldest first)

Change to most recent first
nice!
BIG TONY
Report Abuse
13/02/2009 12:31:00

This makes me a little nervous. I guess that we are looking to negotiate terms for repayment/overdraft and in the current climate, this may be more difficult than we think. Maybe I am just feeling a little jaundiced by the whole Geoff Sheard fiasco, but I will be mighty relieved to see this put to bed. Like everyone else on here, I have been feeling very positive about the future, but from time to time Captain Paranoia does make an unwelcome appearance.
dobby1
Report Abuse
13/02/2009 12:49:00

Totally agree dobby...... it's all really positive, but after the last circus act, I think most of us will be feeling a little nervous until it's all official.
US Owl
Report Abuse
13/02/2009 13:40:00

Understandably Dobby - I'm ashamed to say I supported Sheard's consortium before it all blew up so I'm mindful of having blind faith for fresh investment again. Strafford and Parker have been very open with everything though mate so I think this one bodes well for SWFC's future - more so than Sheards promise of millions anyway. Here's hoping.
GameBurton07
Report Abuse
13/02/2009 13:41:00

trust this bloke guys ..he is no numpty..even if the investment doesnt come through this time which i think it will then i still think this guy will take us where we want to be..was at the lane last week and off to donny tommorrow..i hope we beat donny..sick of hearing how they are going to give us a lesson in football..i know they played well at s6 and are playing some good stuff but i think the football we have started to play since the 2 new lads came in is top draw..i was at forest the other week and we should have won that game even with 10 men,football wise we played forest off the park so lets hope we can show the donny lads that we can play football too!
WORKSOP..OWL
Report Abuse
13/02/2009 14:00:00

yes but don't you think things are running smoother and a bit more proffessional this time round the club is starting to be run in a more proffessional manner were not pinning our hopes on a letter saying there are millions of quid sat in a bermudan bank ready for transfer, to me this has been done a lot better, the club is forging links developing its infrastructure and really starting to gear itself for an influx of investment, I think this deal is done and has been for a long time, time for some positivity!
BIG TONY
Report Abuse
13/02/2009 14:07:00

Whatever happens, I have no doubt that the future is one hell of a lot brigher under these guys than it looked a couple of months ago. Looking forward to the right result tomorrow!!!
dobby1
Report Abuse
13/02/2009 15:41:00

I agree dobby1, even without any investment these 2 guys have shown how to run a football club properly. With common sense and a young, fresh attitude they've already worked wonders with very little money. Money or no money, it looks like we're moving forward.
johnnywalker69
Report Abuse
13/02/2009 17:59:00

the fact that they will still be chairman and cheif exec if and when new investment comes in is very heart warming,lee straffard is a fan of the club,he knows what fans want,but he is also a very sucssful buisness man,all i know is im prepaird to go with what he brings on,we need to trust a chairman like we do our manager
donnyowl
Report Abuse
14/02/2009 09:20:00

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Sheffield Wednesday Articles

Wednesday Midfielder Joins Wanderers (Thursday March 5 2015)

Men United Ticket Competition (Thursday March 5 2015)

Gray: Owls gave away cheap goals (Thursday March 5 2015)

Wednesday Vs Blackburn - Preview (Wednesday March 4 2015)

Gray Ahead Of Blackburn (Tuesday March 3 2015)

Archived Sheffield Wednesday Articles

List All Vital Wednesday Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

Vital Members League (view all)

League Table (view table)

Team P W D L GD Pts
8. Wolves 35 16 9 10 6 57
9. Forest 35 13 11 11 7 50
10. Blackburn 35 12 12 11 0 48
11. Sheff Wed 35 11 13 11 -3 46
12. Charlton 35 10 15 10 -5 45
13. Birmingham 35 11 12 12 -10 45
14. Cardiff 35 11 11 13 -4 44

Breaking League News

Any Previous? - Latics v Leeds United
Wigan : 06/03/2015 07:00:01
Player of the Month Winner - February (Lansbury)
Forest : 06/03/2015 06:00:00
Manager of the Month Winner - February (Neil)
Norwich : 06/03/2015 06:00:00
PWU Latics Podcast - Grandad
Wigan : 05/03/2015 21:16:01
Wednesday Midfielder Joins Wanderers
Sheff Wed : 05/03/2015 21:15:01

Current Site Poll (view all polls)

Blackburn MotM
Suggested By:  Site Staff
Westwood 20%
Palmer 0%
Lees 0%
Zayatte 0%
Dielna 0%
McGugan 20%
Hutchinson 0%
Semedo 0%
Maghoma 0%
Keane 20%
Nuhiu 0%
Sub:-Maguire 40%
Sub:-Helan 0%
Sub:-May 0%