Owls Granted 28-Day Adjournment
Wednesday have been granted a 28-day adjournment at the High Court today in a bid to complete a takeover deal and pay-off their tax bill to HMRC.
The Owls were expected to ask for a 14-day court adjournment after failing to complete a deal with one of a reported five consortiums looking to takeover the debt-ridden club.
But, after the case was temporarily put on hold at lunch for the judge to make a decision on the club's future, the outcome has gone in favour of Wednesday.
Club officials will now have 28 days to go away and complete a takeover of the club, or risk going into administration if a deal isn't complete.
A local consortium, headed by local businessman Spencer Fearn, is understood to now be the front-runner for the takeover.
More news to follow throughout the day.