UK time is: 23:56:11
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Owls Await Hobson Response

A consortium led by boxing promoter and Owls fan Dennis Hobson has made contact with Wednesday about possible investment in the club - and the ball is back in their court after the Owls responded.

The Jersey-based consortium, believed to include Dennis Hobson and his brother along with a number of Wednesday fans and businessmen, announced their interest in becoming involved with the club on BBC Radio Sheffield last month but news of an investment or takeover plan at S6 has remained quiet.

But it now appears the ball is currently back in Hobson's court after the club revealed they responded to the consortium's written proposals recently.

Talking on the requirements any potential investor would need to meet should they want to pursue their interest in the club further, Owls' chief executing Kaven Walker told the Sheffield Star: 'One: Is it their intention to purchase the shares held by the directors? Two: is it their intention to reduce the loans made by the directors? Three: is it their intention to reduce the debt to the bank? Four: do they have the funds to take the club forward?'

The news is at least a step forward from the last time details of the proposed bid hit the media, with Dennis Hobson revealing to the Yorkshire Post his consortium look set to hit a brick wall with their proposals.

He said: 'We have tried to make an approach and said we want to sit down and meet them. But they just sent us a letter asking where our information had come from that the club needed help.

'But to move forward we need to see the state of the club. It is okay someone saying 'well, how much are you thinking of putting in?' but we need to know what the true situation is so we can put a rescue package together.'

To have YOUR say on Dennis Hobson, Dave Allen and the current takeover bid, enter the official Vital Sheffield Wednesday forums by CLICKING HERE




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:Friday September 15 2006

Time: 2:16PM

 

Have Your Say

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

Recent Sheffield Wednesday Articles

Owls hit by Lavery injury blow (Tuesday July 29 2014)

Scunthorpe close on Llera deal (Tuesday July 29 2014)

Owls linked with French midfield man (Wednesday July 16 2014)

Owls' Yorkshire derby clashes on TV (Wednesday July 16 2014)

Owls snap up Keiren Westwood (Tuesday July 8 2014)

Owls' 2014-15 fixture list revealed (Wednesday June 18 2014)

Archived Sheffield Wednesday 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)

Latest Results

League Table (view table)

Team P W D L GD Pts
18. Norwich 0 0 0 0 0 0
19. Reading 0 0 0 0 0 0
20. Rotherham 0 0 0 0 0 0
21. Sheff Wed 0 0 0 0 0 0
22. Watford 0 0 0 0 0 0
23. Wigan 0 0 0 0 0 0
24. Wolves 0 0 0 0 0 0

Breaking League News

Owls hit by Lavery injury blow
Sheff Wed : 29/07/2014 23:46:00
Scunthorpe close on Llera deal
Sheff Wed : 29/07/2014 23:42:00
Delfouneso Returns
Blackpool : 29/07/2014 23:40:00
Late Hammill Winner In Sheffield
Huddersfield : 29/07/2014 23:05:00
Radoslaw Majewski Joins Terriers on Loan Deal
Huddersfield : 29/07/2014 22:30:00

Current Site Poll (view all polls)

Should the Owls give Gary Madine another chance?
Suggested By:  
Yes 80%
No 20%