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
Owls recall McCabe from Pompey loan (Thursday April 24 2014)
Prutton weighing up playing options (Thursday April 24 2014)
Owls have competition for Hull striker (Thursday April 24 2014)
Owls suffer double injury blow (Thursday April 24 2014)
Tigers to offer Owls target new deal (Wednesday April 23 2014)
Preview: Owls v Charlton (Sunday April 20 2014)
Pompey keen on McCabe loan extension (Wednesday April 16 2014)
Ex-Owl Jones sacked by Port Vale (Wednesday April 16 2014)
Stats: Forest v Wednesday (Wednesday April 9 2014)
Forest 3-3 Wednesday (Wednesday April 9 2014)
|Leicester City||2||-||1||Sheff Wed|
|15. Sheff Wed||44||13||14||17||1||53|
|16. Leeds Utd||44||15||8||21||-10||53|
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