Vital Football

Latest Sheffield Wednesday News

Owls Investment Deal Revealed

Owls Investment Deal Revealed

Details have today been revealed about an American investment company that have been in talks regarding a takeover over Wednesday since the Autumn.

The Yorkshire Post has this morning revealed that Chicago-based Club 9 Sports have been in discussions with Owls chairman Lee Strafford for months in a bid to tie up a takeover of the Championship club.

Of course, we've been here before, but it's believed that the current deal has brought the Owls closer to vital investment than ever before.

The proposed deal would see Strafford remain as club chairman and Nick Parer keep his role of chief executive.

It would also wipe out half of the club's reported £22 million debt thanks to a major new share issue which is set for new investors to put new cash into the club in line with a deal with the Co-op, Wednesday's bank and largest creditor.

The Chicago-based Club 9 Sports is a joint venture between a sports management company and a merchant bank and was brought to the attention of the club by Inner Circle Sports.

An update is expected to follow on the official SWFC website and, of course, here on Vital Sheffield Wednesday.



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

Writer:Nick
Date:Friday January 29 2010
Time: 8:30AM

Comments

0
hope it goes through...... but doubt it.
Wednesdayforlife
29/01/2010 09:38:00
0
Does this sound slightly more promising that previous investment talk or am I just being over optimistic??
sussexowl
29/01/2010 09:54:00
0
mmmmmm i want to get excited but i just cant not again, fingers crossed
bodsy owl
29/01/2010 10:14:00
0
Until something is signed and sealed the I'm not getting my hopes up
Hickyowl1977
29/01/2010 10:26:00
0
After whats happened to Portsmouth and Notts County and the big take overs, I for one am glad we are taking our time.
modgeowl
29/01/2010 10:33:00
0
Definitely agree with that modge, much rather do it properly, wipe out half the debts sounds more realistic than being told we're going to have £100m to spend and win the champions league in 3 years!!
north stand owl
29/01/2010 11:49:00
0
lets just let them get on with it it will come when it comes, till then lets just get some points in the bag lets beat the janners i think the money will come but not in time for big al to spend the money this season. U.T.O
HorburyOwl
29/01/2010 12:23:00
0
doubt it will happen now!!!!
supersibon
29/01/2010 13:20:00
0
if you read the statement of the official SWFC site, thsi stil looks along way off. I am not getting too excitied about any of this. We have all been there before!
dobby1
29/01/2010 14:08:00
0
lets be optimistic . I know we've heard it all before but this could be the one, all we can do is go down to hilsborough sat afternoon and show the investors its a good move. another 24.000 +cmon
vic mobley
29/01/2010 14:54:00
Page 1/2
  1. 1
  2. 2

Login to post a comment

Best of Vital Network

Vital Boxing - Brook Fancies Spence Job

Recent Sheffield Wednesday Articles

Join The Vital Wednesday Team

Have you Owls views seen by the clubs international fanbase!

Carlos's Dream Lives On

We react to the breaking news this afternoon that Carlos Carvalhal remains head coach.

Wednesday Duo Get Scotland Call (23/5/17)

Sheffield Wednesday duo Barry Bannan and Steven Fletcher have been called up by Scotland manager Gordon Strachan for the coming international break.

Rumour Mill: Holmes, Sweet Holmes

We look at the latest speculation linking Charlton Athletic winger Ricky Holmes to the club.

Archived Vital Wednesday Articles

Vital Wednesday articles from

Site Journalists

Ed Jepson
Editor email
Profile
Tom Sellers
no email
Profile

Current Poll (see more polls)

Are you happy Carlos is staying at S6?
Suggested By: Vital Wednesday
Yes!100%
Indifferent feelings0%
New man by Christmas0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Newcastle 46 29 7 10 94 45
P Brighton 46 28 9 9 93 34
3 Reading 46 26 7 13 85 4
4 Sheff Wed 46 24 9 13 81 15
5 Huddersfield 46 25 6 15 81 -2
6 Fulham 46 22 14 10 80 28
7 Leeds Utd 46 22 9 15 75 14
8 Norwich 46 20 10 16 70 16
9 Derby County 46 18 13 15 67 4
10 Brentford 46 18 10 18 64 10
11 Preston 46 16 14 16 62 1
12 Cardiff 46 17 11 18 62 -1
13 Aston Villa 46 16 14 16 62 -1
14 Barnsley 46 15 13 18 58 -3
15 Wolves 46 16 10 20 58 -4
16 Ipswich 46 13 16 17 55 -10
17 Bristol City 46 15 9 22 54 -6
18 Q.P.R. 46 15 8 23 53 -14
19 Birmingham 46 13 14 19 53 -19
20 Burton 46 13 13 20 52 -14
21 Forest 46 14 9 23 51 -10
R Blackburn 46 12 15 19 51 -12
R Wigan 46 10 12 24 42 -17
R Rotherham 46 5 8 33 23 -58
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Sheffield Wednesday Results (view all)

Sheffield Wednesday Fixtures (view all)

Vital Members League Table

RankNamePoints
1.dooleys left leg6
2.swfcjambo4
3.tonyone1
4.brinsworthowl1
Vital Football Comment