Date:Wednesday May 19 2010
Wednesday have hit back at potential investors Club 9 Sports today by insisting that they're standing firm on their rejection of the investment offer made to the club last week.
The Owls, led by Lee Strafford before his resignation earlier this week, turned down an offer reported to be worth an initial £2 million for near enough 40 per cent stake in the club from the American company.
But Club 9 responded through the local and national media by insisting they're still keen on a deal at Hillsborough - giving Wednesday a time frame of until the end of this week to reignite their interest.
Strafford's departure from the club seemed like it could pave the way for another approach from Club 9 this week.
But Owls chief executive Nick Parker has today revealed that the club won't be accepting the offer.
'I have listened with interest to the public announcements made by Club 9 Sports over the past week,' he told the official SWFC website.
'The board made very clear in our statement last Friday that the offer from Club 9 was wholly unacceptable to both us and the bank. Given that they have made no sensible improvement to it since, there is little prospect of taking discussions with them forward any further.'
Parker is set to meet with fan groups sooner rather than later to discuss the current situation at the club, and the long term future.
But, as far as Club 9 Sports is concerned, it seems the ball is back in their court as to whether to improve their offer, or look elsewhere.
Date:Wednesday May 19 2010
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