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Owls In Investment Talks

Wednesday chairman Dave Allen has revealed the club are in discussions with a mystery Chinese millionaire about a cash injection or a takeover of the club in the summer.

The consortium in question were guests of Allen in the directors box for Tuesday night's 1-1 draw with Plymouth Argyle - and preliminary discussions with the casino owner are said to have gone well.

But Allen has also revealed that a number of other interested parties will meet up with the Owls board in the coming weeks to discuss their proposals before anything is set in stone.

A club spokesman said: 'A Chinese consortium have been in talks with Dave Allen and the party came along to the Plymouth game. Dialogue is ongoing.

'There are a number of other parties that have been in contact with Dave Allen about the possibility of investing money in the club and these talks are also ongoing.'

Allen, who has been in the Hillsborough hot-seat since 2003, has already revealed that he wants a multi-millionaire to invest in the club and use it as his 'hobby' - and the Chinese casino owner in question could be just that.

It's the first time Allen has come out publically and announced he's been in discussions with an interested party - after previously blocking approaches from now-Leeds chairman Ken Bates and boxing promoter Dennis Hobson.

Wednesday will now sit down with two other interested parties to discuss proposals and Allen is hoping to have some kind of deal tied up in the summer in time for the new season.




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The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Thursday March 8 2007

Time: 10:04AM

Your Comments (oldest first)

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At last something is happening! Lets just hope it doesn't go tits up!
welshyowl
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08/03/2007 10:07:00

At least it's some hope for the future, no matter how much truth thee is in it! Getting a lot of attention as you said so there must be something there
pob
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08/03/2007 12:29:00

The sooner the better, it has to be good news that someone is interested in investing in us right?
wednesdaytilidie
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08/03/2007 16:26:00

allen is holding a lot of cards close to his chest, is he holding out for the highest bidder? or is he playing a game with the fans ? could it be a case of, come the summer, "well i did try and get some investment" but no-one was interested in taking over or investing in the club without taking a look at the massive cock up's that have occured over the last 8 years or so???????????
andyowl64
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08/03/2007 18:06:00

Don't really know if it's a good or bad move, sure the money would be nice but just can't make my mind up!
Owlsmad
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08/03/2007 18:06:00

 

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