UK time is: 03:25:23
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Owls Set For Takeover Talks

Owls Chairman Dave Allen is set to open talks with a multi-millionaire foreign casino-owner later the month - and will offer the businessman the chance to buy the club according to reports.

The news comes out of the blue for most Wednesday fans after Allen previously rejected approaches for the club from now-Leeds United chairman Ken Bates and boxing promoter Dennis Hobson and his consortium.

And Allen told the Sheffield Star he wants a 'Roman Abramovich' type man at the Hillsborough helm.

'We are not looking for small-time people, we are looking for a mega-rich businessman like Roman Abramovich at Chelsea who wants to buy a football club for a hobby. 'Bob (Grierson) and I have been talking to interested parties and I shall be speaking again to someone from overseas in the third week of January.' Allen told the Star.

And of the mysterious casino-owner, Allen added: 'This man has made money from casinos overseas and has vast wealth. At the moment things are at a very sensitive stage but someone like that on board would really help the club.'

Allen has insisted that any potential buyer would require 25 million to buy control of the club - and has previously insisted that the Owls are not an attractive offer to potential buyers in their current state.

And he revealed that the current board would need to reach the 51 per cent mark to gain total control of the club to make the sale of the Owls a more attractive offer.

'There are one or two people interested in investing in the club but we have to have 51 per cent of the shares to be able to sell it on. I have been buying up shares and I will continue to do so. We need to reach that 51 per cent.' he continued.




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:Thursday January 4 2007

Time: 9:19AM

Your Comments

I hope its true champions league here we come!!!!
owlmad
Let's hope Allen gives him the access he needs to get the full picture.
Auckland Owl
Surely if its Allen who's inviting him to invest then he will do all possible to allow him to, right?
spirtySWFC
you wud think so, would like to know who this mystery man is.....
100%owl
 

Have Your Say

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

Recent Sheffield Wednesday Articles

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)

Owls to host Notts County in cup (Tuesday June 17 2014)

Owls seeded for League Cup draw (Tuesday June 10 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

What will it take to sign a player
Blackpool : 24/07/2014 00:51:00
RUFC - Rayns Pleased With Win
Rotherham : 23/07/2014 23:08:00
Millers Beat Forest In Friendly
Rotherham : 23/07/2014 22:50:00
McCarthy Happy With Colchester Improvement
Ipswich : 23/07/2014 22:21:00
Colchester 0-3 Ipswich
Ipswich : 23/07/2014 22:17:00

Current Site Poll (view all polls)

Should the Owls give Gary Madine another chance?
Suggested By:  
Yes 81%
No 19%