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Milan Aims To Make Owls 'Real Force'

Milan Aims To Make Owls 'Real Force'

Milan Mandaric is aiming to make Wednesday a 'real force in English football' after agreeing a deal to takeover at Hillsborough.

The Owls today confirmed they've reached an agreement to sell the club to UK Football Investments, headed by the Serbian-American businessman, for just £1.

Shareholders have still to be asked to approve the sale at an EGM on Tuesday, December 14, but the deal is all set to go through without any problems.

And Mandaric, who announced his resignation as chairman at Leicester City yesterday, is keen to get Wednesday back in to the Premier League.

'Sheffield Wednesday is one of the most famous names in football,' he told the official SWFC website.

'I have been able to speak to a lot of people in and around the Club in recent weeks, and their passion for Sheffield Wednesday has helped inspire me to get to this point.

'As well as joining with Howard in thanking the former directors for their service and dedication, I would also like to thank the Co-Operative Bank for its help in delivering this transaction and its support for the Club over many years.

'I give the supporters and everybody who cares for this club, an assurance that if shareholders vote in favour of this deal, then I will do everything in my power, working with Howard, Nick and Alan Irvine to again make Sheffield Wednesday a real force in English football.'

Mandaric will become chairman of the club, while Howard Wilkinson and Nick Parker will remain at Hillsborough as directors.

Wilkinson said: 'I believe this to be one of the most important days in the recent history of our great club. Our trials and tribulations have been well documented, but I can now see a brighter future for Sheffield Wednesday.

'Our Club has been on the brink of administration, and if this were to happen then so many people around our Club would have suffered. We do have one final hurdle to cross, and that is for shareholders to approve the sale at the upcoming EGM.

'I will always be grateful to Milan Mandaric for showing the determination to save Sheffield Wednesday.

'We have been able to spend some time in recent days speaking about football and what needs to be done here. I look forward to working with Milan in building a strong Club in which we can all be proud.'

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

Date:Monday November 29 2010
Time: 12:52PM


Topman Milan !!
29/11/2010 12:56:00
i never thought this day would come....welcome milan, bloody shame i will be in amsterdam for our next home game.
29/11/2010 13:10:00
this is beginning to sound good at last. mandaric has a proven history of increasing the value of everything he gets involved with and the only way to make money out of a football club is to get into a better position than it was previously. enough said
Hirsty's Shinpads
29/11/2010 13:12:00
he's literally brought us back from the brink. what a christmas present, I'm delighted. plus, we've got gonadforlife back on our forums so we can rub it in as often as we like. bloody brilliant.
Carbone's Padawan
29/11/2010 13:12:00
Christmas has come early. Thanks Manderin!
29/11/2010 13:33:00
Listen. I dont want to pee on anyone's parade. However, this still has to be approved at an EGM. It means that the majority of shareholders have to say yes, we will give you our shares for absolutely nothing and our long history of having a broad fan based shareholding will be gone forever. In reality of course, David Richards ended that with the last debacle at the Octogon. The power of the 'ordinary' shareholder went overnight. As it stands I believe 43% have said irrevocably that MM can have their shares. He can have mine, my brothers and my dads as well. Lets just hope that some individuals with larger 'family' holdings will feel the same way.
29/11/2010 14:43:00
Milan On behalf of my fellow owls worldwide can I thank you for your huge effort and persistence in making this happen. Thanks also to Howard Wilkinson and Nick Parker for their continued committment to the club and it's supporters. We can for the first time move forward under your leadership united (sorry) in the belief that our club can be great again.
whitham's jockstrap
29/11/2010 16:15:00
Surely if any shareholders have the club at heart they'll agree to the deal at the EGM. Putting aside personal loss at giving up shares the club is bigger than any one person and the clubs future is at stake, surely anybody voting against this deal hasn't got Wednesday's best interests at heart and shouldn't be associated with the club. What good are shares in a business in administration or being liquidated?
29/11/2010 16:41:00
Remember...... 43% of TOTAL shareholders have already pledged their shares and I'm sure plenty of others will too, which should give MM the majority he needs. In ny case, it will be the majority of shareholders who actually VOTE at the EGM and I'm pretty sure that the 43% of total shares will end up actually being the majority of votes - even with something this important to the future of our club, there will still be a number of shareholders who will not attend the EGM.
29/11/2010 18:18:00
its very true what they say all the respectable working class people have to pay taxes but the ******** scrubbers get constant handouts, benefits and debts written off!!
29/11/2010 21:32:00
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