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Two Bids Lined Up For Owls

The on-the-pitch action might be starting again this weekend but the Owls boardroom is going to be a busy place over the next few weeks.

American investment company Club 9 Sports and a a new consortium led by two Sheffield businessmen are set to go head-to-head to try and buy the Owls.

As ever, the off-the-field talk has over-shadowed the on-the-pitch action this summer at Hillsborough and the talk only seems to be hotting up with the new season all set to go.

Wednesdayite Dennis Hobson, who is supporting the Club 9 Sports bid, insists a deal could be struck within the next 48 hours - with the consortium agreeing to guarantee 5m to the club up front - something which Wednesday have demanded from the off.

But the Owls are also in talks with two Sheffield businessmen, who are both understood to be die-hard Wednesday fans fronting a middle-eastern investment group.

The group is keen to remain anonymous until any deal is done and talks are only at early stages, with a deal more likely to take months rather than weeks.

The club has confirmed that, although they're in discussions about a possible takeover, that no offer has yet met the criteria laid out.




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The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Thursday August 5 2010

Time: 11:21AM

Your Comments

I'm sick of all this takeover nonsense. Get the tax bill paid, get the weaver signed up and roll on saturday......COME ON WEDNESDAY!!!!
DEZZYP
if one these does'nt come off then it just shows the board's incompetence !
retfordowl1867
Has anyone else noticed the release of this annoncment is bang on. Just at the start of the season ready to give season ticket and match day tickets a boost. Same stunt they play every year. I hope Im proved wrong but we seen it all before.
stevetheowl
Maybe, the reason the embargo has not been lifted (Cant sign Weaver), is that the tax bill has not been paid yet. The Board are probably hoping the club will get investment and have the tax bill included in the deal and they can keep the Grant money. That is the reason the board may just sell up before 11th Aug? ?
owl1
that makes no sense, getting investment has been a decade in the making, and all of a sudden its going to be done in the next 6 days? if they dont pay the bill, administration it is. then the grant money goes into thin air and get nothing for the club. i was dubious about the yanks but that hobson being involved wouldnt be all bad, at least its a wednesday fan involved putting the club first.
DEZZYP
i've hearld that the 'middle east' investment is the guys from man city who want to switch to hillsborough instead.
Radon Barrier
Really hope club9 don't get control it took them best part of a year to scrounge together 2m, then they get another 1m off hobson, don't think they've got the funds to make an impact
nice1emile
By the way heard the tax bill has been payed this morning and embargo lifted this afternoon when we get clearance, Weaver to sign this afternoon or first thing tomorrow
nice1emile
Best of luck boys - yours is a sad story - get back to the Premiership where you belong
Wswilly3
Weaver has signed this afternoon.
CLIFFANDJ
 

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