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Owls Offered No-Strings £1m

Owls Offered No-Strings £1m

The Jersey-based consortium, led by Owls fan Dennis Hobson, interested in investing in Wednesday have made contact with the club with regards to providing £1 million in a no-strings attached deal.

The consortium are responding to comments at the recent AGM made by current Owls chairman Dave Allen that the club would not accept any 'donations' unless there were no strings attached, following fans group 'Wednesdayite' recent offer.

And Allen promised to give Wednesday boss Brian Laws £500,000 if Wednesdayite handed over their shareholding in the club which was originally gifted to them by the Owls chairman - but the offer looks set to be rejected by the fans group leaving the possibility of bringing fresh players to the club in doubt.

In a letter to the club issued today, the consortium reveal the offer is made on 'a no strings basis as to where the Board spends the money' and is an offer of good faith while the group consider a bid to take control of the reigns at S6.

The group also revealed they would be hard at work preparing detailed proposals regarding a takeover of the club, which could take up to four months, in response to Allen's four questions which he insisted need to be answered for any bid to be considered.

They went on to say that intend to involve as many fans as possible in their plans and 'to provides the funds to enable a return to the Premiership and an ownership and management structure that provides long term stability which is not dependent on any single individual or group.'

The group are awaiting a response from the club.

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Writer:Nick
Date:Monday November 20 2006
Time: 5:29PM

Comments

0
No strings, but not entirely unconditional... how can this be? More in our forum.
Auckland Owl
20/11/2006 18:56:00
0
No strings attached? So does that mean Allen could well pocket it and give Laws a small chunk for a player where the fee will be 'undisclosed' again?
welshyowl
21/11/2006 11:18:00
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