UK time is: 14:45:01
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Consortium Eyes Owls Investment

A consortium involving Owls fan and boxing promoter Dennis Hobson has revealed its interest in investing in Wednesday and wants to begin talks with club chairman Dave Allen as soon as possible.

The group, believed to include a number of high-profile businessmen from Jersey, revealed their plans to buy out Dave Allen's shareholding in the club on BBC Radio Sheffield after the Owls victory over Plymouth Argyle on Saturday.

And Hobson, who promotes Ricky Hatton and a host of other high-profile boxers, wants to sit down and discuss the consortium's proposition as soon as possible with chairman Dave Allen - or warned things could get hostile.

The consortium called for Dave Allen to work with them for the good of the club or take the way out offered. They also insisted they are Wednesday fans who genuinley want to take the club forward and carry 'no hidden agenda'.

The last time an approach was made to the Owls board was through now-Leeds United chairman Ken Bates - who offered to buy Dave Allen's shares in the club two years ago. Allen saw Bates as 'incompatible' with the current board and dismissed the former Chelsea chairman's offer.

Since the discussions with Bates, the Owls have moved forward on the pitch, with the appointment of Paul Sturrock resulting in immediate promotion to the Championships via the League One play-offs. Some saw promotion as a year too early for the club, but the Owls boss managed to equal his achievements last term by keeping the club in the Championship.

Some fans are still unsure about matters off the pitch though, and Allen's handling of club affair's. The club's current poor relationship with independant fans group 'Wednesdayite' isn't helping relations between the club and the fans, although bridges are being built.

But Wednesdayite have already issued a statement regarding the proposed investment distancing themselves from the consortium, although they have revealed they have been pro-active in discussions with the group recently.

Details of the proposed takeover are very sketchy at the moment. Any further developments (and we expect a few!) will be reported on Vital Sheffield Wednesday.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


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

The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Sunday August 20 2006

Time: 2:25PM

Your Comments

if they bring more tranfser and wage money then bring it on! sounds a bit more legitimate than the bates takeover, i never trusted him. its better if the buyer is a wednesday fan, so this is good.
Goalsmaclean
Very interesting! Hopefully it won't be as much of a farce as the Bates deal!
newman87
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Prutton weighing up playing options (Thursday April 24 2014)

Owls suffer double injury blow (Thursday April 24 2014)

Tigers to offer Owls target new deal (Wednesday April 23 2014)

Preview: Owls v Charlton (Sunday April 20 2014)

Pompey keen on McCabe loan extension (Wednesday April 16 2014)

Ex-Owl Jones sacked by Port Vale (Wednesday April 16 2014)

Stats: Forest v Wednesday (Wednesday April 9 2014)

Forest 3-3 Wednesday (Wednesday April 9 2014)

Preview: Forest v Owls (Tuesday April 8 2014)

Archived Articles

List All Vital Wednesday Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
12. Watford 43 15 15 13 17 60
13. Middlesbrough 44 14 16 14 7 58
14. Bolton 44 13 16 15 -3 55
15. Sheff Wed 44 13 14 17 1 53
16. Leeds Utd 44 15 8 21 -10 53
17. Huddersfield 44 13 11 20 -8 50
18. Charlton 43 11 12 20 -23 45

Breaking League News

Prutton weighing up playing options
Sheff Wed : 24/04/2014 13:39:00
Owls have competition for Hull striker
Sheff Wed : 24/04/2014 13:34:00
Owls suffer double injury blow
Sheff Wed : 24/04/2014 13:28:00
Scout Focus: Leeds United
Birmingham : 24/04/2014 13:00:00
Madejski reveals 'slow progress' in owner search
Reading : 24/04/2014 13:00:00
Freedman: I'm Building A Team
Bolton : 24/04/2014 11:46:00
Birmingham Injury Update
Birmingham : 24/04/2014 11:41:00

Current Site Poll (view all polls)

Should the Owls give Gary Madine another chance?
Suggested By:  
Yes 85%
No 15%