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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.'

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

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

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Comments

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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
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