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Wilko Places Trust In Owls Investors

Wilko Places Trust In Owls Investors

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.



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

Writer:Nick
Date:Thursday October 14 2010
Time: 6:14PM

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mick66owl
14/10/2010 18:18:00
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