UK time is: 08:50:07
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

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.




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



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

The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Friday January 29 2010

Time: 8:30AM

Your Comments (oldest first)

Change to most recent first
hope it goes through...... but doubt it.
Wednesdayforlife
Report Abuse
29/01/2010 09:38:00

Does this sound slightly more promising that previous investment talk or am I just being over optimistic??
sussexowl
Report Abuse
29/01/2010 09:54:00

mmmmmm i want to get excited but i just cant not again, fingers crossed
bodsy owl
Report Abuse
29/01/2010 10:14:00

Until something is signed and sealed the I'm not getting my hopes up
Hickyowl1977
Report Abuse
29/01/2010 10:26:00

After whats happened to Portsmouth and Notts County and the big take overs, I for one am glad we are taking our time.
modgeowl
Report Abuse
29/01/2010 10:33:00

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
Report Abuse
29/01/2010 11:49:00

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
Report Abuse
29/01/2010 12:23:00

doubt it will happen now!!!!
supersibon
Report Abuse
29/01/2010 13:20:00

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
Report Abuse
29/01/2010 14:08:00

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
Report Abuse
29/01/2010 14:54:00

Yet again news is leaked out just as the deadline for season tickets are due, is it me or as this happened before?
ecco owl
Report Abuse
29/01/2010 14:58:00

Believe me Ecco, your mind is not playing tricks, it is a familiar story!
dobby1
Report Abuse
29/01/2010 15:40:00

Sounds genuine enough. no promises are being made but there is a possibility of investment.
Radon Barrier
Report Abuse
29/01/2010 15:56:00

Id rather just concentrate getting 3 points tomorrow and staying up first.
jamesc1905
Report Abuse
29/01/2010 16:34:00

Wake me up when the investment is done. Until then lets live in the real world and hope we can get 3 points from tomorrow's game.
CLIFFANDJ
Report Abuse
29/01/2010 19:53:00

Ecco you area cynical young man and almost certainly right.
robc
Report Abuse
29/01/2010 20:05:00

Ecco you area cynical young man and almost certainly right.
robc
Report Abuse
29/01/2010 20:05:00

Young man i like that robc its been a few years
ecco owl
Report Abuse
29/01/2010 22:03:00

 

Have Your Say

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

Recent Sheffield Wednesday Articles

Gray On Middlesbrough Victory (Monday March 2 2015)

Wednesday v Middlesbrough (Team News) (Friday February 27 2015)

Millwall MotM - Next Up Boro! (Thursday February 26 2015)

Takeover Press Conference? (Thursday February 26 2015)

Dielna Doubt (Thursday February 26 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
7. Brentford 34 18 4 12 9 58
8. Wolves 34 16 9 9 7 57
9. Forest 34 13 11 10 8 50
10. Sheff Wed 34 11 13 10 -2 46
11. Blackburn 34 11 12 11 -1 45
12. Charlton 34 9 15 10 -6 42
13. Birmingham 34 10 12 12 -11 42

Breaking League News

Arter: We will give Wolves a lot of respect
Bournemouth : 03/03/2015 08:33:00
Our March Fixtures
Bolton : 03/03/2015 08:30:00
Howe gives Gosling and O'Kane updates
Bournemouth : 03/03/2015 08:28:00
Wolves are our next visitors to Dean Court
Bournemouth : 03/03/2015 07:59:00
Bees Legend: Jim Towers
Brentford : 03/03/2015 07:41:00

Current Site Poll (view all polls)

Middlesbrough MotM
Suggested By:  Site Staff
Westwood 0%
Palmer 10%
Lees 0%
Zayatte 10%
Dielna 0%
Lee 0%
Semedo 10%
McGugan 20%
Maghoma 0%
Nuhiu 50%
Keane 0%
Sub - Hutchinson 0%
Sub - Maguire 0%
Sub - May 0%