Vital Football

Latest Sheffield Wednesday News

Mandaric issues Owls takeover update

Mandaric issues Owls takeover update

Milan Mandaric has updated Owls fans of the proposed takeover of the club.

Here's the chairman's statement in full from the official SWFC website:

'Unfortunately, despite much hard work from both parties Mr Mammadov has not yet been able to perform his obligations under the terms of the agreement.

'We continue to have dialogue with both Mr Mammadov and his advisors and we are hopeful that the issues he is dealing with in Azerbaijan which are delaying his ability to complete the deal will be resolved and that he will fulfil his obligations within a reasonable timescale.

'During my recent meeting with Mr Mammadov in London he gave me his personal assurance that he intends to complete the deal as quickly as possible and has apologised for the delay which is clearly causing concern to the supporters of our club.

'I still believe that Mr Mammadov will be a wonderful owner of this football club and his vision for the future compels me to resist any temptation at the moment to terminate the process and open new discussions with other potential interested parties who have contacted me during the process. I shook Mr Mammadov`s hand and my word is not something I renege on.

'Clearly there may come a time when I am unable to allow the process to continue, the stability of the club is of paramount importance to me and I do understand how the uncertainty of ownership can become a negative force if allowed to drag on.

'I would like to assure supporters that whilst this process is ongoing I will continue to give my full support to Stuart and his plans for the forthcoming season. We have a fine squad and I hope with the addition of two or three more players before the window closes we will be in a position to mount a strong challenge this season.

'As always I will update supporters whenever I am able, as everyone knows I try to be as open and transparent as possible. I continue to ask for patience, this matter is my top priority and again I assure supporters I will always act in the best interests of the club.

'I would like to take this opportunity to wish everyone an enjoyable season and I look forward to travelling with our massive away support to Brighton on Saturday for the first game of the season.'

Exclusive to Vital ! Read now ! The Vital Boxing John H Stacey Interview



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

Writer:Nick
Date:Friday August 8 2014
Time: 5:41PM

Comments

0
Not so much an update, more like another statement - just like the last one. I suppose foreign investment is always going to be a gamble and with everything we've been hearing over the past few weeks ours seems to be a bigger gamble than most. Personally I'd have preferred clarity one way or the other - Yes or No. In fact, to be honest, I'd have much preferred a No coupled with a statement of intent to make up for lost time (2yrs worth) and back Stuart Gray with sufficient funds to enable him to put together a side capable of challenging for promotion THIS season. He wouldn't necessarily need to pledge amounts he wouldn't then be able to claw back when the opportunity to sell crops up again. He'd have greater income potential through higher gates, marketing etc. and a more valuable squad of players to deal with. It's called ambition and it's something we can all sign up to. The last two years have been all about treading water and crisis management when faced with the prospect of relegation. MM talks about negative forces well the way I see it he's chiefly responsible for those right now and no-one is in a better position to swing the mood around the club 180degrees. If he were to declare his commitment to the cause rather than make it 'transparent' that his one intention is to sell then we might actually see great strides taken this season. And they do say it's the hope that kills you. Well I'm hoping - and I hope I survive!
OurMaurice
09/08/2014 06:31:00
Page 1/1
  1. 1

Login to post a comment

Recent Sheffield Wednesday Articles

Owls To Face Fitness Tests

Sheffield Wednesday will look at several players ahead of the Reading game on Saturday.

Owls Injuries Could Allow Abdi To Be Unleashed

Abdi set to be unleashed as Owls squad injuries mount up

Audio & Comments - Carlos Ahead Of Injury Hit Reading Trip

Carlos' pre-Royals trip comments

Vital Head-to-Head - Wednesday Vs Reading

Who has the upper hand historically? The Royals or the Owls?

Archived Vital Wednesday Articles

Vital Wednesday articles from

Site Journalists

Ed Jepson
Editor email
Profile
Tom Sellers
no email
Profile

Current Poll (see more polls)

Outcome of Wednesday at Reading?
Suggested By: Vital Wednesday
Wednesday Win63%
Draw23%
Royals Win14%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Newcastle 19 13 1 5 40 21
2 Brighton 19 11 6 2 39 17
3 Reading 19 10 4 5 34 1
4 Leeds Utd 19 10 2 7 32 3
5 Birmingham 19 8 7 4 31 2
6 Sheff Wed 19 9 4 6 31 1
7 Norwich 19 9 3 7 30 4
8 Huddersfield 19 9 3 7 30 -3
9 Derby County 19 8 5 6 29 4
10 Fulham 19 7 7 5 28 9
11 Bristol City 19 8 3 8 27 4
12 Barnsley 19 7 4 8 25 3
13 Forest 19 7 4 8 25 1
14 Preston 19 7 4 8 25 1
15 Aston Villa 19 5 10 4 25 1
16 Ipswich 19 6 6 7 24 -2
17 Q.P.R. 19 6 5 8 23 -8
18 Brentford 19 6 4 9 22 -2
19 Burton 19 5 7 7 22 -4
20 Wolves 19 5 6 8 21 -3
21 Blackburn 19 5 5 9 20 -7
22 Cardiff 19 5 4 10 19 -12
23 Wigan 19 4 6 9 18 -5
24 Rotherham 19 1 4 14 7 -26
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Sheffield Wednesday Results (view all)

Sheffield Wednesday Fixtures (view all)

Dec 10 2016 3:00PM : Reading (a)
Sky Bet Championship
Dec 13 2016 7:45PM : Barnsley (H)
Sky Bet Championship
Dec 17 2016 3:00PM : Rotherham United (H)
Sky Bet Championship
Dec 26 2016 7:45PM : Newcastle United (a)
Sky Bet Championship
Dec 31 2016 3:00PM : Preston North End (a)
Sky Bet Championship
Jan 2 2017 3:00PM : Wolverhampton Wanderers (H)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.dooleys left leg4
The Vital Football Members League