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 sign Watford's McGugan on loan (Wednesday November 19 2014)
Football Aid 2015 - Play at Hillsborough! (Monday November 10 2014)
Madine joins Coventry City on loan (Thursday October 30 2014)
Westwood called up to Ireland squad (Wednesday October 29 2014)
Everton recall Hope from Owls loan (Wednesday October 29 2014)
Owls out to improve Hillsborough form (Wednesday October 22 2014)
Gray pleased with Brentford point (Wednesday October 22 2014)
Milanič: Derby days are special matches (Friday October 3 2014)
Loovens: Job to be done at Elland Road (Friday October 3 2014)
Owls youngster makes England U20 squad (Thursday October 2 2014)
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|16. Leeds Utd||18||5||5||8||-5||20|
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