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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.

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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
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