UK time is: 07:19:06
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Owls Await High Court Verdict

Wednesday are less than an hour away from hearing if the club will be granted an extra two weeks to complete a takeover deal or face administration, or worse.

The club are in the High Court today faced with a winding up order by HMRC over an unpaid tax bill of 600,000.

Wednesday's case is set to be heard in less than an hour, and the judge is set to give an imminent reply to the thousands of Wednesdayites following the news online.

The club are set to ask for a two week adjournment of the case so that they can complete a takeover deal, with four or five parties said to be in discussions.

Wednesday had hoped to have completed a deal by 5pm yesterday so they could pay off their tax bill today and avoid administration or even worse, liquidation.

But, after failing to bring a deal to a conclusion, and by not going into administration, the club instead decided to take the high-risk method of asking for an adjournment.

If the plea fails, Wednesday face liquidation unless the major creditors, the Co-op Bank, immediately force the Owls into admnistration.

We're likely to find out within the next hour, so keep checking Vital for all the latest updates.




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:Wednesday November 17 2010

Time: 11:59AM

Your Comments

regular reports on the following- http://twitter.com/bbc_matt not sounding too promising.
DEZZYP
doesn't sound good - so is fearn the last man standing? think judge and bank will tell us where to go...
Patrick Blondeau
#swfc get 28 days
SWFC Tubes 84
its 1 a piece and theres all to play for - spencer fearn comes on as sub - can he save the day.... Another month of nail biting - its harder work than watching t team!
Patrick Blondeau
Maybe we should have gone with Thomas Cook cos on Wednesday website it says Great Savings With Thomas Cook,nothing still bout admin,takeover,court case etc.
ollyowl70
 

Have Your Say

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

Recent Sheffield Wednesday Articles

Gray frustrated by Millwall late show (Wednesday August 20 2014)

Kids quids in for Millwall clash (Monday August 18 2014)

Owls to face Clarets in League Cup (Wednesday August 13 2014)

Wednesday 3-0 Notts County (Tuesday August 12 2014)

Fans To March Demanding Fairer Prices (Tuesday August 12 2014)

Ticket offers for County cup clash (Tuesday August 12 2014)

What a difference a year makes (Monday August 11 2014)

Wednesday confirm Stevie May signing (Sunday August 10 2014)

Archived Sheffield Wednesday 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)

Latest Results
Sheff Wed 1 - 1 Millwall
Sheff Wed 0 - 0 Derby County
Brighton 0 - 1 Sheff Wed

League Table (view table)

Team P W D L GD Pts
6. Norwich 3 2 0 1 4 6
7. Watford 3 2 0 1 2 6
8. Middlesbrough 3 2 0 1 2 6
9. Sheff Wed 3 1 2 0 1 5
10. Ipswich 3 1 1 1 0 4
11. Reading 3 1 1 1 0 4
12. Brentford 3 1 1 1 0 4

Breaking League News

LUFC On This Day - August 21st
Leeds Utd : 21/08/2014 07:12:00
Meet The Ref - Latics v Blackpool - Carl Boyeson
Wigan : 21/08/2014 07:00:00
PWU Latics Podcast - Hang On In There
Wigan : 21/08/2014 06:00:00
Burnley Submit 5 Million Bid For James McArthur
Wigan : 20/08/2014 23:39:00
Cardiff 1 Latics 0 - Missed Chances
Wigan : 20/08/2014 23:15:00

Current Site Poll (view all polls)

How Will Wednesday do this season?
Suggested By:  
Top 2 12%
Play-offs 25%
Mid-table 56%
Relegation scrap 5%
Relegated 2%