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Owls To Ask For Court Adjournment

Owls To Ask For Court Adjournment

Wednesday will ask for a two-week court adjournment at the High Court tomorrow as negotiations continue to find a new buyer to save the club.

The club have been deep in negotiations with interested parties at Hillsborough today as Wednesday look to find someone to save them from being forced into administration.

The club is in the High Court over an unpaid tax bill tomorrow and it was thought the Co-op Bank could force the club into administration if they failed to find a buyer today.

But with four parties reported to still be interested in a takeover, the club will ask for a two-week adjournment tomorrow in a bid to complete a deal and pay off the bill.

Leicester City chairman Milan Mandaric has confirmed a bid has been made for the club, but the front-runners are believed to be consortiums led by Mick Wright and Spencer Fearn.

Another Middle Eastern group is also said to be in discussions at S6.



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

Writer:Nick
Date:Tuesday November 16 2010
Time: 5:22PM

Comments

0
if a deal was that likely would they not be doing it now rather than stalling?????
wedalways
16/11/2010 17:27:00
0
Will we ever get taken over, good old Clegg though he's not as much of a waste of space than I originally thought.
SWFC Tubes 84
16/11/2010 17:31:00
0
So we've got to go through the same nerves tomorrow now! Aaagh!
pob
16/11/2010 17:32:00
0
wedalways there must be something holding it all up just been watching sky sports there are 5 interested parties maybe the club is talking to them all to see what they can all offer ?
retfordowl1867
16/11/2010 17:33:00
0
positives :- when weve been in court before we have alwasy managed to raise the cash to pay the debt (sell grant, co-op bail out). This shows we have potential to raise the cash again. Also 5 parties interested looks promising and no one will want to see a club like wednesday go under (unless they are a blade!) negatives:- third apperance in court and the takeover still isnt done. If i was a judge id be inclined to say that these talks are BS and that the club has had 10 years to sort this out and has failed. tomorrow will be interesting
showboat
16/11/2010 17:39:00
0
You dont go to court and ask for that unless you are very confident the court will go for it. Unless it is even worse than it appears
OddOwl
16/11/2010 17:41:00
0
do they not understand deadlines?? and where have they been for the past couple of months?? not meaning to be negative and i hope one of the 5 groups is the right one for wednesday i just dont understand why taking sooooooooo long. hope your right retfordowl1867
wedalways
16/11/2010 17:42:00
0
I don't think tomorrow is going to be a good for anyone associated with Sheffield Wednesday, the only takeover bid which has the funds is from MM which won't go through as Allen is a greedy feck and would probably love nothing more than to see us go out of business. UTO forever & always we will never die
SWFC Tubes 84
16/11/2010 17:51:00
0
it`s a pity all the interested parties dont club together and make no one overall in charge and that any thing that does comes up vote via all of them to put it right
Owlet
16/11/2010 18:23:00
0
Our future is in the hands of judge. Brilliant.
welshyowl
16/11/2010 18:29:00
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