Vital Football

Latest Sheffield Wednesday News

Consortium Eyes Owls Investment

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.


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

Writer:Nick
Date:Sunday August 20 2006
Time: 2:25PM

Best of Vital Network

Vital Boxing - Mike Towell – RIP

Vital Boxing - Tyson Fury Will Be Back!

Comments

0
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
20/08/2006 16:04:00
0
Very interesting! Hopefully it won't be as much of a farce as the Bates deal!
newman87
20/08/2006 22:44:00
Page 1/1
  1. 1

Login to post a comment

Recent Sheffield Wednesday Articles

Vital Match Preview - Wednesday Vs Brighton (October 1st)

Everything and more that you need to read ahead of the Owls vs the Seagulls

Comments From Owls Boss Carlos Ahead of Brighton Clash

Owls boss Carlos doesn't agree with Albion being on a revenge mission at S6

Comments From Carlos Carvalhal On The Owls September

Owls Boss Carlos on September (so far)

EFL - The Stats Ten Games In (30/9/16)

The Football League, or as it wants to be known now, the EFL, have compiled the statistics with the vast majority of clubs now ten games into the new 2016/17 season.

Archived Vital Wednesday Articles

Vital Wednesday articles from

Site Journalists

Ed Jepson
Editor email
Profile
Greg Pursehouse
no email
Profile
Tom Sellers
no email
Profile

Current Poll (see more polls)

Outcome of Wednesday Vs Brighton?
Suggested By: Vital Wednesday
Wednesday Win76%
Draw18%
Albion Win6%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Huddersfield 10 7 1 2 22 5
2 Norwich 10 6 2 2 20 5
3 Newcastle 10 6 1 3 19 11
4 Brighton 10 5 3 2 18 6
5 Brentford 10 5 2 3 17 9
6 Bristol City 10 5 2 3 17 6
7 Birmingham 10 4 5 1 17 4
8 Sheff Wed 10 5 2 3 17 0
9 Reading 10 5 2 3 17 -3
10 Barnsley 10 5 1 4 16 6
11 Wolves 10 4 3 3 15 2
12 Fulham 10 3 5 2 14 -2
13 Ipswich 10 3 4 3 13 0
14 Leeds Utd 10 4 1 5 13 -2
15 Forest 10 3 3 4 12 -2
16 Q.P.R. 10 3 3 4 12 -4
17 Aston Villa 10 1 7 2 10 0
18 Burton 10 2 4 4 10 -2
19 Preston 10 3 1 6 10 -4
20 Derby County 10 2 3 5 9 -4
21 Wigan 10 2 2 6 8 -2
22 Blackburn 10 2 2 6 8 -7
23 Cardiff 10 2 2 6 8 -9
24 Rotherham 10 1 3 6 6 -13
Latest F1 News
Latest Vital Boxing News

Recent Sheffield Wednesday Results (view all)

Sheffield Wednesday Fixtures (view all)

Oct 1 2016 3:00PM : Brighton & Hove Albion (H)
Sky Bet Championship
Oct 16 2016 12:00PM : Huddersfield Town (a)
Sky Bet Championship
Oct 19 2016 7:45PM : Cardiff City (a)
Sky Bet Championship
Oct 22 2016 3:00PM : Queens Park Rangers (H)
Sky Bet Championship
Oct 29 2016 3:00PM : Derby County (a)
Sky Bet Championship
Nov 5 2016 3:00PM : Ipswich Town (H)
Sky Bet Championship