Sheffield Wednesday News 24/7Writer: Nick 
Date:Monday November 29 2010
Time: 12:52PM
UK time is: 10:36:37
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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.'
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Your Comments
Topman Milan !!
Aston_Owl
i never thought this day would come....welcome milan, bloody shame i will be in amsterdam for our next home game.
DEZZYP
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
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
Christmas has come early. Thanks Manderin!
bluedog
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.
fed_up_owl
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
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?
sussexowl
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.
US OWL
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!!
bladesforlife1889
bfl, what a whinging, whining child like individual you are, what is wrong with you, other than the fact that as Wednesday now have a future that could see us moving in the other direction to your team, nobody will be coming in any time soon to pay a percentage of your teams debt off and when in the future somebody does then it will be that they could see the potential of the team, go back to your own site and stay there you moron
Donny Owl
I thought pigforlife might have had a nervous breakdown, what after the pigs financial nightmare came to fruition and Milan taking over Wednesday. What a weekend!
pob
oy pig for life, im not having that, your club has blown ridiculous amounts of money over the last few years, plunging yourselves into debt. at least when we did it we enjoyed the high life, had a right fun time in the prem witht e likes of di canio and carbone etc, what memories have you got??? unsworths penner sending you down like the losers you are.
oh and dont forget your cr*p hotel, what the hell were you thinking?
your club is one of the most hated in the country thanks mainly to your constant whinging and the warnock years, you will struggle for years and i for one will not give a flying *****.
ozzietheowl
ha ha
bladesforlife1889
i dunno you invite me back on here like a celeb they slate me...ha ha.....enjoy league 1 for the next 5 years...mm will soon get p155ed off and bail out like he always does.....he has a history of swapping clubs more than he changes his kecks!!!
bladesforlife1889
you have got a dirty back handed payoff and the tax payers money......so so so shamefull. just like the scrubbers that are on constant handouts and benefits but manage to find the money to smoke 100 fags a day and spend all day in the boozer.....anyway at least i've got the hits back up on this site again!!!! ha ha muppets!!
bladesforlife1889
right im off see you at the end of the season when you are still league 1 dog fodder!!!....then the debt will rise again and you will be admin threatened yet again!!! cheats says it all!!
bladesforlife1889
BLAAH BLAAH BLAAH . SEE YOU HAVE LEARNT how copy n paste
mick66owl
good old gonadforlife.
Carbone's Padawan
bfl is obsessed with league 1 and rightly so, his scummy little team will be playing in it next season hence his interest. Milan's not stupid, he's invested in the biggest and best club in Sheffield, always has been and always will be.
sussexowl
you've completely conned the system and the goverment (nick clegg)....what an absolute tit that bloke is....To be put into administration, points deducted, to sell off players and to release expensive loan players with immediate effect, to sell the ground and training pitch as well as laying off the staff at the club...not knowing if you will be able to compete in league 1 and having the administrators run the club.....NOW THATS ******** STRUGGLING!!!...YOU toss pot!!!.....lets see if plymouth con the system like you lot have......you lot should have been served with the punishment you deserved!!!!
bladesforlife1889
haha, welcome back you bitter c*ck muncher. you keep boring us about what punishment we should have got, but our bills will be payed and no debt in the club. con the system? you truely have no clue about anything do you? its like you have just described your pigs future in yet another tedious rant. bugger off back to your shed, pig fecker to recieve another anal probe from your fritzl family.
DEZZYP
What a bitter lil n*b head you are bluntforlife always have and always will be the bitter smaller club sort your life out instead of coming onto this site
s71owl
kids are going back to school so pigforlife will not be on
mick66owl
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