Date:Thursday October 14 2010
Wednesday chairman Howard Wilkinson has revealed his 'trust' in the investment group, including former Owls boss and player Chris Turner, looking to takeover Wednesday.
Wilkinson has issued a statement via the official SWFC website today updating Wednesdayites on the current position regarding the potential takeover of the club.
In it, he reveals a meeting with 'the most senior official associated with the group' this week and his confidence in them to complete a deal for the good of the club in the short and long-term future.
The statement read: "This week, I have held a meeting in London with the most senior official associated with the group who have agreed to advance £2m to Sheffield Wednesday. I have also met with the group`s legal advisors who have been dealing with this issue since their first serious approach to the club.
"The meeting was very productive and I left convinced about both the desire and capability of the group to finalise the deal.
"The investors are part of a multi-national company who clearly have the ability to finance the investment, in both the short and longer term.
"In particular, the most senior investor within the group has personally given me written and verbal undertakings as to both the advance payment and his intention to complete the full investment into Sheffield Wednesday.
"As he reminded me, it would do his and the company`s credibility no good, either in the football or wider business communities, if the deal was not now finalised and on that basis as Chairman of Sheffield Wednesday, I am placing my trust in him.
"I note that some are questioning the deal, asking if the money is in the account yet. I appreciate that the recent history of this club might naturally lead many to suspect the worst and I can understand that. But what I do want to reiterate, is that having spent time with the key person involved and his legal team, I remain convinced about the group`s intentions.
"In terms of the money, the matter is now being coordinated amongst the various lawyers. However, any business agreement ultimately depends on the integrity of people involved and on that basis, I can only reiterate my trust in their intentions."
It seems that, as always at Hillsborough with regards to takeover talk, Owls fans must be patient as Wilkinson, and Nick Parker, look to get the deal done for the club.
Date:Thursday October 14 2010
Owls handed Manchester City cup clash (Thursday August 28 2014)
Wednesday await League Cup draw (Wednesday August 27 2014)
Gray: Owls good value for cup triumph (Wednesday August 27 2014)
Report: Burnley 0-1 Wednesday (Wednesday August 27 2014)
Owls out to maintain momentum in cup (Tuesday August 26 2014)
Karanka to make changes for Owls visit (Friday August 22 2014)
Gray: Owls searching for Boro win (Friday August 22 2014)
International call-up for Owls stopper (Thursday August 21 2014)
Gray frustrated by Millwall late show (Wednesday August 20 2014)
Kids quids in for Millwall clash (Monday August 18 2014)
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