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

Recent Sheffield Wednesday Articles

Predicting - Wednesday's Starting XI Vs Brentford

Who's in and Who's out as we take a look at the potential #swfc starting line-up against Brentford....

Match Day Officials - Wednesday Vs Brentford

Who'll be the man in the middle as Wednesday face Brentford? All info within...

Wednesday Vs Bees - Who are the players to watch?

Vital Wednesday take a look at two player who are likely to star this weekend as Wednesday battle Brentford...

Wednesday Season Ticket Record Broken!

Over 14,000 fans have signed one, two or three year deals at S6...

Archived Vital Wednesday Articles

Vital Wednesday articles from

Site Journalists

Ed Jepson
Profile
Josh Alex Caddick
Profile
Greg Pursehouse
Profile

Current Poll (see more polls)

Can Wednesday maintain their Championship form?
Suggested By: Vital Wednesday
Yes93%
No7%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Middlesbrough 29 17 6 6 57 23
2 Hull City 29 17 5 7 56 26
3 Burnley 30 15 10 5 55 22
4 Brighton 29 14 11 4 53 9
5 Derby County 30 13 12 5 51 14
6 Sheff Wed 30 13 11 6 50 12
7 Ipswich 30 13 9 8 48 2
8 Birmingham 30 13 8 9 47 8
9 Cardiff 30 11 12 7 45 5
10 Forest 30 10 12 8 42 6
11 Wolves 30 10 10 10 40 -1
12 Brentford 30 11 7 12 40 -2
13 Q.P.R. 30 9 12 9 39 1
14 Preston 30 9 12 9 39 -1
15 Reading 30 9 9 12 36 0
16 Leeds Utd 30 8 12 10 36 -5
17 Huddersfield 30 8 8 14 32 -4
18 Blackburn 28 6 13 9 31 0
19 Fulham 29 6 11 12 29 -5
20 MK Dons 30 7 7 16 28 -18
21 Bristol City 30 6 10 14 28 -22
22 Rotherham 30 7 4 19 25 -19
23 Bolton 30 4 12 14 24 -21
24 Charlton 30 5 9 16 24 -30
Latest F1 News
Latest Vital Boxing News

Sheffield Wednesday Fixtures (view all)

Feb 13 2016 3:00PM : Brentford (H)
Sky Bet Championship
Feb 20 2016 3:00PM : Preston North End (a)
Sky Bet Championship
Feb 23 2016 7:45PM : Queens Park Rangers (H)
Sky Bet Championship
Feb 26 2016 7:45PM : Hull City (a)
Sky Bet Championship
Mar 5 2016 3:00PM : Rotherham United (H)
Sky Bet Championship
Mar 8 2016 7:45PM : Brighton & Hove Albion (a)
Sky Bet Championship

Recent Sheffield Wednesday Results (view all)

Vital Members League Table

RankNamePoints
1.dooleys left leg3
2.DH Owl2
3.@mwoodjnr2
4.swfcjambo1