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Club 9 Table Fresh Bid For Owls

Club 9 Table Fresh Bid For Owls

American investment company Club 9 Sports have tabled a fresh bid alongside Wednesdayite Dennis Hobson to take over the Owls, according to reports today.

It's thought the new deal has the backing of Wednesday's major creditors, the Co-operative Bank, and a deal from Chigaco-based Club 9 and Hobson has been put on the table for the Owls board to consider.

Reports suggest a total of £3 million would be paid up front, with £2m coming from the pockets of club 9 and £1m coming from Dennis Hobson.

The die-hard Owl and boxing promoted threw his weight behind Club 9's proposals earlier in the summer after an initial bid was rejected.

Between £2m-£5m would then be injected next season - all depending on what division Alan Irvine and his men find themselves in next season.

Club 9's approaches have so-far fallen on deaf ears with the Wednesday board.

But the latest offer is set to test their resolve more than ever, with the backing of the Co-operative Bank and the inclusion of Dennis Hobson, a Wednesdayite, in the bid.

Wednesday are yet to confirm or deny the fresh bid but keep checking Vital Sheffield Wednesday for all the latest updates.



Click here to join in the debate on the club forum.

Writer:Nick
Date:Friday July 30 2010
Time: 1:23PM

Comments

0
they'll reject it unless they are getting something from it
barton6435
30/07/2010 13:28:00
0
The co-op might be happy but I dont think those that matter, the loan note holders will be. So in that respect it aint going to happen.
fed_up_owl
30/07/2010 13:35:00
0
is this a third bid, or the second one from last week?
swfcjambo
30/07/2010 13:36:00
0
I wish that nothing was reported about financial investment unless reporting that a takeover has happened. I have so had enough of hearing about this. Say something when there is something to say, otherwise, we need a goalie and the season starts next week.
baldowl
30/07/2010 13:46:00
0
agreed baldowl.
Carbone's Padawan
30/07/2010 13:49:00
0
Are you people possibly that STUPID. The club is going down. The board is acting in their own self interest and you wish that you wouldn't hear anything?? totally thick!!
Landon
30/07/2010 14:09:00
0
Landon, would you consider yourself a drama queen or a touch feisty? hopefully, talk of administration will slowly push out the current board, a lot of people have been put off yank owners by the glazers and the 2 testicles at liverpool, surely they cant all be that bad.....can they?
DEZZYP
30/07/2010 14:59:00
0
Bit harsh Landon me thinks. And by the way, what makes you the f****** expert?
fed_up_owl
30/07/2010 15:00:00
0
I think Hobsons ego is more important to him than deal for is to Wednesday. Ive looked at the Club 9 website, I cant see any success stories or reccomendations. There clubs include Denver Nuggets and Charlotte Bob Cats. I know nothing about American Sports but theres no 49 ers or red socks in there.
Waddle1993
30/07/2010 15:30:00
0
No Landon we are not stupid, and by the way it should be spelt stoopid you idiut.
Radon Barrier
30/07/2010 15:56:00
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