Date:Friday May 14 2010
Sheffield Wednesday have today rejected an approach from Club 9 Sports LCC with regards to investment into the club.
The Owls have confirmed that they've received communication from American-based Club 9 this week with regards to an initial £2 million investment into the club.
But the club have today responded by rejecting the offer due to it being 'significantly lower level than had previously been agreed by all parties' back in March of this year.
A statement on the official SWFC website read: 'Dependent on which division Sheffield Wednesday would start the 2010-2011 season, there was agreement on the initial level of investment by Club 9.'
It continued: 'The communication this week made it clear that Club 9 wanted to change the terms already agreed and wished to make a lower investment into Sheffield Wednesday.'
The offer made by club 9 indicated that they wanted circa 40% of the club's total share capital for the £2m investment, which would work out at just £1.6m after expenses.
It could spell the end of Wednesday's links with Club 9, but the club have revealed that they'll continue to look for potential investment.
The statement read: 'The board continues to engage with other serious potential investors and while there can be no certainty that any deal will be completed this summer, the interest of these parties continues to highlight the potential of Sheffield Wednesday moving forward.'
Date:Friday May 14 2010
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Wednesday Striker Madine Wants Deal At Blackpool (Sunday March 29 2015)
Wednesday - Who Stays And Who Goes? (Saturday March 28 2015)
Owls Strikers to Return After International Break (Friday March 27 2015)
Let Us Know Your Thoughts and Ideas (Friday March 27 2015)
Wednesday Still Seeking A Striker? (Thursday March 26 2015)
Owls Keeper Joins Barnsley On Loan (Thursday March 26 2015)
International Call for Owls Winger Maghoma (Thursday March 26 2015)
Gray Sets Wednesday Points Target (Wednesday March 25 2015)
Westwood set to be Ireland's Number One? (Wednesday March 25 2015)
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