Vital Football

Latest Sheffield Wednesday News

Gregg In Talks With Owls

Gregg In Talks With Owls

Millionnaire Paul Gregg is the man currently in discussions with Wednesday over a possible takeover of the club, it emerged today.

Gregg, who makes his money through his leisure businesses and was also on the board at Everton recently, has been linked with a move of the Owls since current chairman Dave Allen revealed four parties were interested in investing earlier this year.

Allen revealed that he was hopeful investment of a takeover would be complete before the start of the 2007-08 campaign, with a number of names linked with the Hillsborough club.

And he told The Sheffield Star: 'We have been talking to Paul Gregg since January.

'He is well satisfied with the accounts and knows that the business is in good order. But I can't make him do the deal.'

'It is my firm belief that until 51 per cent of the shares can be got together - which guarantees control - then it's going to be very difficult to make sensible progress.'

But the Owls supremo again brought up the 'stumbling block' of supporters' group Wednesdayite's current shareholding in the club which he says could scupper any potential deal.

'I was hoping that we can get a big investor who will put a lot of money into the club. Paul Gregg is concerned (about the fragmentation of the shares]. That's why I have been trying to get those Wednesdayite shares back.' he added.

Allen also confirmed that he had not been in discussions with Ireland's richest man, Sean Quinn, and also confirmed that the other mystery bidder was Carson Yeung, who is currently in a takeover deal at Birmingham City.

Writer:Nick
Date:Thursday July 12 2007
Time: 10:21AM

Comments

0
Is this a full takeover, or just an injection of cash?
swfcjambo
12/07/2007 10:45:00
0
You've been trying to get those Wednesdayite shares back so you can sell them to Gregg for much more money than the 500k you say you'll give for them. 10% of the club is worth 500k? I don't think so.
Auckland Owl
12/07/2007 11:06:00
0
I said 4 months ago that Carson Yeung was the "Chinese businessman" looking at a takeover. And in answer to your question swfcjambo, if "51%" is being talked about then it is a takeover.
Smurf
12/07/2007 16:21:00
0
surly gregg could just buy the shares from wednesdayite,this wouldnt involve allen ,allen says hes been trying to get the shares back for a takeover,but hes only been talking to gregg since january,hes wonted the shares alot longer than that ,he talks crap,he just wonts to make a profit from them
donnyowl
12/07/2007 17:13:00
0
If Wednesdayite have 10% of the shares, then that means there are another 90% out there. So what exactly is the problem Mr Allen?
Smurf
12/07/2007 17:45:00
0
Wednesdayite need to sell their 10%. If they want the club to go forward, it has to be done. Having a "Comunity Club" doe not creat money, look at what happened at Rotherham and Chesterfield, when Fans tried to run the club, they are not multi million pound clubs now are they ? No, they are worse off than ever. I am sorry to upset all the socialists out ther, but if you want the Premiership, wednesdayite need to seel to the highest bidder for all our sakes
haxeyowl
12/07/2007 19:11:00
0
You're right Hax, but they don't have to sell them to Allen, there's no need for him to be some kind of meddling middle man in this. They can sell directly to Gregg, if they think he's the man to take us forward.
Auckland Owl
12/07/2007 22:22:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Vital F1 - All talk on Ferrari

Recent Sheffield Wednesday Articles

The Championship Make Up For 2017/18

All promotions and relegations for the season of 2016/17 have been confirmed, so the full make up of the Championship for 2017/18 is now known.

Top Championship Google Searches 2016/17

Newcastle United topped Google searches for 2016/17 with Aston Villa following in second place, but which other clubs featured in the top ten.

Twitter Reaction: Retained List

We look at your tweets following the release of the retained list, for the players coming to the end of their current deals.

Season Tickets Back On Sale

We look at the news that STs are back on sale for the 2017/18 campaign.

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)

Are you happy Carlos is staying at S6?
Suggested By: Vital Wednesday
Yes!83%
Indifferent feelings10%
New man by Christmas7%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Newcastle 46 29 7 10 94 45
P Brighton 46 28 9 9 93 34
3 Reading 46 26 7 13 85 4
4 Sheff Wed 46 24 9 13 81 15
5 Huddersfield 46 25 6 15 81 -2
6 Fulham 46 22 14 10 80 28
7 Leeds Utd 46 22 9 15 75 14
8 Norwich 46 20 10 16 70 16
9 Derby County 46 18 13 15 67 4
10 Brentford 46 18 10 18 64 10
11 Preston 46 16 14 16 62 1
12 Cardiff 46 17 11 18 62 -1
13 Aston Villa 46 16 14 16 62 -1
14 Barnsley 46 15 13 18 58 -3
15 Wolves 46 16 10 20 58 -4
16 Ipswich 46 13 16 17 55 -10
17 Bristol City 46 15 9 22 54 -6
18 Q.P.R. 46 15 8 23 53 -14
19 Birmingham 46 13 14 19 53 -19
20 Burton 46 13 13 20 52 -14
21 Forest 46 14 9 23 51 -10
R Blackburn 46 12 15 19 51 -12
R Wigan 46 10 12 24 42 -17
R Rotherham 46 5 8 33 23 -58
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)

Vital Members League Table

RankNamePoints
1.dooleys left leg6
2.swfcjambo4
3.tonyone1
4.brinsworthowl1
The Vital Football Members League