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Parker Slams 'Wannabe Investors'

Parker  Slams 'Wannabe Investors'

Wednesday chief executive Nick Parker has issued a statement following today's court date, slamming 'wannabe investors' in the club.

Parker, who was in attendance at today's High Court hearing, vented his frustration at unnamed people claiming they have the cash to buy the debt-ridden club.

Wednesday were given a 28-day adjournment to find a new buyer for the club, and to pay off a £600,000 bill owed to HMRC for unpaid tax.

But, despite the court ruling in favour of the club for the time being, Parker couldn't hide his frustrations at 'wannabe investors'.

And he also warned investors off waiting for the club to go into administration, saying they will not get a better deal than they will now.

'I am very relieved, but more importantly I am angry because this club should not be where it is today. Do not believe 28 days, the real deadline is December 1 when the extra petition comes on board,' he said.

'The reason I am angry is because there are people out there who go to the media when they should not. There are people out there who say they have money when they do not.

'But the one glimmer of hope that I can give Sheffield Wednesday fans and the community that it serves is that I know there are other people out there who understand how important the club is to not just the fans, but the community it serves, and all the people of Sheffield and South Yorkshire. The club is part of the fabric of the community.

'It is now time for potential investors to step forward in private and do a deal with the bank.

'The bottom line is that any investor will not get a better deal by the club going into administration.'



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

Writer:Nick
Date:Wednesday November 17 2010
Time: 3:33PM

Comments

0
Oh dear! This rather suggests that we have not realy had any serious bids so far. THis is very worrying. I understand that the co-op have previously accepted a reduced repayment from potential buyers previously. I presume they feel they have to take a chance on recouping most of this money through adminstration ie sell the ground (a few million?) sell the few players that others would want (1.5m?) to recoup what they can. I would like the directors (including past directors) who created this appauling shambles to publicly appologise to us.
bluedog
17/11/2010 16:13:00
0
that'll never happen bluedog. we never receive any form of communication from the board so an apology is just a pipedream I feel. even if it did happen it wouldn't really be enough would it? I just hope the cancer our beloved club is suffering from is not terminal. in 28 days we'll know. it's a long time to keep our fingers crossed but i'll be doing just that. UTO.
Carbone's Padawan
17/11/2010 19:34:00
0
the bank will not sell the ground. it is the biggest form of revenue. they will simply lease it back to us at an exorbitant rate because we will have no other option
Hirsty's Shinpads
17/11/2010 20:47:00
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