Date:Friday July 30 2010
In light of reports linking Club 9 Sports with another offer to invest in Wednesday, the Owls board have issued a club statement this afternoon.
And it seems that the American-based consortium are no closer to reaching an agreement, despite reports linking Wednesdayite and boxing promoter Dennis Hobson with the Club 9 bid.
The Owls board have responded by saying that they're continuing talks with 'credible long term investment partners' while Club 9 'continue to make noise in the media'.
Here's the statement in full: 'In our search for new investment, we have set a number of key conditions for potential partners who wish to be part of the Club moving forward. Central to these is the ability to invest money into the Club straight away.
'We have stated in the past that £5m is the minimum figure that is needed to assist the Club on day one. This figure would allow for a major reduction in the debt position of the Club and would ultimately give more resources to the manager to invest in the playing squad.
'It is the duty of the Board to protect the long term interests of the Football Club. We recognise that investment is needed but will not let anybody take control of Sheffield Wednesday, unless they have the ability to meet the Club's financial requirements in the short, medium and long term. This is a position that is supported by the Co-operative Bank.
'We have been approached by a number of interested parties and it is true to say that we have been made offers that fall short of the conditions that have been set. Club 9 Sports LLC is one such party and while they continue to make noise in the media, we focus on negotiations with credible long term investment partners.
'The Co-operative Bank is playing an active role in these other discussions and remains fully supportive of the stance taken by the Board.
'Out of respect for all parties and to allow for the Club to focus on the start of the new season, we will not be making any further comment on the investment process until such time as there is firm news to deliver to our supporters.'
Date:Friday July 30 2010
Wednesday Still Seeking A Striker? (Thursday March 26 2015)
Owls Keeper Joins Barnsley On Loan (Thursday March 26 2015)
International Call for Owls Winger Maghoma (Thursday March 26 2015)
Gray Sets Wednesday Points Target (Wednesday March 25 2015)
Westwood set to be Ireland's Number One? (Wednesday March 25 2015)
International Break at the Right Time? (Tuesday March 24 2015)
Lavery Talks Chesterfield, Goals and Comebacks (Tuesday March 24 2015)
McGugan Would Welcome Permanent Owls Deal (Monday March 23 2015)
Audio - Physio Paul Smith Talks Rotherham (Monday March 23 2015)
Incredible Rotherham Display For Gray (Sunday March 22 2015)
|5.||dooleys left leg||6|
|12. Sheff Wed||39||13||14||12||-4||53|
|13. Leeds Utd||39||14||10||15||-4||52|
|Slade: Jones loan a financial decision
» Bournemouth : 27/03/2015 08:00:01
|LUFC On This Day - March 27th
» Leeds Utd : 27/03/2015 07:21:01
|Fleming: Norwich Is Special To Me
» Norwich : 27/03/2015 07:00:00
|RUFC - Rayns Disappointed With Reserve Loss
» Rotherham : 26/03/2015 22:55:00
|LUFC Redfearn explains Adryan absence
» Leeds Utd : 26/03/2015 21:19:00