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
Qatari group linked with Owls move (Sunday March 2 2014)
Stats: Wednesday v Middlesbrough (Sunday March 2 2014)
Wednesday 1-0 Middlesbrough (Sunday March 2 2014)
Preview: Owls v Middlesbrough (Saturday March 1 2014)
Owls defender gets US call-up (Thursday February 27 2014)
Wickham completes Leeds loan move (Wednesday February 26 2014)
Vital members back Madine decision (Wednesday February 26 2014)
Owls give Gary Madine second chance (Wednesday February 26 2014)
Wickham linked with Leeds loan move (Tuesday February 25 2014)
Stats: Wednesday v Charlton Athletic (Monday February 24 2014)
|Sheff Wed||0||-||1||Derby County|
|12. Leeds Utd||32||12||8||12||4||44|
|15. Sheff Wed||32||9||12||11||1||39|
|Player Of The Month: Championship (Sam Vokes)
» Burnley : 07/03/2014 06:00:00
|Manager Of The Month: Championship (Uwe Rösler)
» Wigan : 07/03/2014 06:00:00
|Doncaster Rovers v Huddersfield Town Team News
» Doncaster : 06/03/2014 21:06:00
|DRFC Dickov keen to keep Villa youngster
» Doncaster : 06/03/2014 20:55:00
|DRFC Khumalo blow for Rovers
» Doncaster : 06/03/2014 20:49:00
|Young Man United goalkeeper extends Rovers loan
» Doncaster : 06/03/2014 20:44:00
|LUFC Leeds United v Bolton Wanderers Team News
» Leeds Utd : 06/03/2014 20:38:00