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Mandaric To Meet Owls Officials Today

Mandaric To Meet Owls Officials Today

Milan Mandaric is set to meet Wednesday officials today to discuss a takeover of the Hillsborough club, according to reports from BBC Radio Sheffield last night.

The Leicester City chairman is one of the front-runners to buy the Owls and help save them from administration before a High Court date next Wednesday.

The Serbian-American businessman declared on Wednesday that he was closing in on a deal to buy the club, after giving his representatives the 'green light to try and close the deal.'

Mandaric, who would have to leave his position as Foxes chairman before buying Wednesday, has already had an initial offer to buy the Owls rejected by some of the club's loan owners, including former chairman Dave Allen.

It seemed he'd left his interest on the table while other prospective buyers overtook him in the race to buy the club.

But Mandaric is now the favourite to win the race for the Owls, with fellow bidders 'One Wednesday', a fans' consortium, even revealing they're just a 'Plan B' if Mandaric fails in his attempt.

The club's creditors, the Co-operative Bank, are understood to have given the Owls until Friday to present them with offers ahead of next Wednesday's court hearing.

If no offer is deemed acceptable, the Co-op Bank could put the club into administration.

But they're understood to be favouring Mandaric's offer, with the former Portsmouth chairman having already shown proof of funds, and a huge desire to takeover the club.

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

Writer:Nick
Date:Thursday November 25 2010
Time: 7:00AM

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Comments

0
PLEASE PLEASE PLEASE LET THIS HAPPEN!!
owlswfc
25/11/2010 08:11:00
0
certainly hope it does happen, but i'll not believe it until it's signed, sealed and delivered!!
swfcjambo
25/11/2010 08:38:00
0
Fingers crossed this is done for Saturday, UTO . Could be the perfect week, Wed takeover & £-18m down at the lane !
Aston_Owl
25/11/2010 09:58:00
0
COME ON JUST DO IT AND LETS MOVE FORWARD, if this goes through before the weekend I think they will need to open the remainder of the ground. WTID
Skipper430
25/11/2010 10:36:00
0
yeah please just get the deal done
retfordowl1867
25/11/2010 14:04:00
0
Please Mandaric... make it Thanksgiving in Sheffield, too (and a happy one to you all, by the way)!!!
Colorado Owl
25/11/2010 14:24:00
0
I'm coming up Sat and would love to celebrate mandaric takeover and a wednesday win, please please please!!
sussexowl
25/11/2010 14:33:00
0
What a fantastic xmas present this would be for all our supporters. Please let it happen. Wise? Old Owl
railman
25/11/2010 16:05:00
0
please just accept his offer!
Wednesdayforlife
25/11/2010 16:39:00
0
The deal is done....Mandaric is the new owner.
CLIFFANDJ
25/11/2010 21:02:00
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