UK time is: 15:23:24
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Fearn Consortium Enters Owls Talks

A Spencer Fearn-led consortium will enter discussions with Wednesday this afternoon about a takeover of the club, according to reports.

With time ticking away on Wednesday's bid to secure a takeover deal and avoid administration, BBC Radio Sheffield's Seth Bennett has revealed via his Twitter feed that the club will enter talks with two groups this afternoon, including one led by Fearn.

The Owls need to find a buyer today or risk being plunged into administration ahead of tomorrow's High Court date for an unpaid tax bill.

And with the Milan Mandaric offer up in the air, Wednesdayites could be counting on one of this afternoon's discussions to come to fruition.

Negotiations are currently on-going at Hillsborough and Owls fans are waiting to hear some official news from the club.

BBC Radio Sheffield reported earlier that Mandaric's interest was at an end earlier today, but Vital understands the Leicester City chairman's bid isn't totally dead in the water just yet.

But with former Owls chairman Dave Allen already rejecting what he described as a 'derisory' offer for his shares and loan notes from Mandaric last week, it looks like Fearn's consortium could currently be leading the way if the club is to be saved.

Keep checking Vital Wednesday for all the latest updates from Hillsborough.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Tuesday November 16 2010

Time: 2:02PM

Your Comments

quickly running out of options here. fingers crossed for a deal.
showboat
Isn't Fearn a Wednesday fan and a rich businessman? If so it would make perfect sense and he can pay off the tax bill. Probably not that straight forward but all we need is someone to help us out with the paying of the tax bill to give us a little more time.
spirtySWFC
all a bit nervous really. this could be the end...
Carbone's Padawan
I have every confidence this won't be the end a lot of people care about our club including Mandaric.
jamesc1905
come on spencer pull it off
retfordowl1867
jamesc1905 - I heard Mandaric has pulled out. would've loved him to save us but don't think it'll happen now. It's Spencer or bust.
Carbone's Padawan
i'd rather just hear facts now, not regular rumour updates. admittedly im not the greatest business an in the world, but from the outside, leaving it until the last minute would surely be the best time to buy a club, let the current board sweat and get a better deal.....i hope thats true anyway. If not, administration it is a new beginning i hope.
DEZZYP
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Tigers to offer Owls target new deal (Wednesday April 23 2014)

Preview: Owls v Charlton (Sunday April 20 2014)

Pompey keen on McCabe loan extension (Wednesday April 16 2014)

Ex-Owl Jones sacked by Port Vale (Wednesday April 16 2014)

Stats: Forest v Wednesday (Wednesday April 9 2014)

Forest 3-3 Wednesday (Wednesday April 9 2014)

Preview: Forest v Owls (Tuesday April 8 2014)

Madine makes Carlisle return on loan (Thursday March 27 2014)

Palmer pleased to pen new Owls deal (Wednesday March 26 2014)

Archived Articles

List All Vital Wednesday Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
12. Watford 43 15 15 13 17 60
13. Middlesbrough 44 14 16 14 7 58
14. Bolton 44 13 16 15 -3 55
15. Sheff Wed 44 13 14 17 1 53
16. Leeds Utd 44 15 8 21 -10 53
17. Huddersfield 44 13 11 20 -8 50
18. Charlton 43 11 12 20 -23 45

Breaking League News

Rumour Mill-Amoebi a Claret Soon?
Burnley : 23/04/2014 15:06:00
Opinion: Players Out Of Position
Birmingham : 23/04/2014 15:00:00
Beckford Has His Fingers Crossed
Bolton : 23/04/2014 13:53:00
Mills: I Feel Very Settled
Bolton : 23/04/2014 13:52:00
Reading : 23/04/2014 13:00:00
Switching On Is The Problem says Burke.
Birmingham : 23/04/2014 12:51:00
Macheda Looking To Stay In England.
Birmingham : 23/04/2014 12:24:00

Current Site Poll (view all polls)

Should the Owls give Gary Madine another chance?
Suggested By:  
Yes 85%
No 15%