Date:Friday July 13 2007
Fans group Wednesdayite have called for dialogue with the Owls board in light of recent news linking the club with a takeover.
Leisure millionnaire Paul Gregg has seen his name splashed around the media this week, linking him with a potential takeover with the Owls before the start of the new season.
But current Owls chairman Dave Allen has revealed that a stumbling block in any deal for a takeover at Hillsborough is the current shareholding that was gifted to Wednesdayite a number of years ago.
'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.' Allen told the Sheffield Star.
And Wednesdayite have hit back at the claims, calling for Allen and the rest of the Wednesday board to enter in to dialogue with the fans group, insisting their door is always open.
A Wednesdayite statement read: 'We have always been consistent in our genuine offer to speak with any investor, including Mr Gregg about our shareholding but have not received any approach from any such investor except Mr Allen himself almost a year ago. Our door is always open.
'We have written once again to Mr Allen offering to meet and talk about how we can work together to find a way forward which is in the best interests of the club, the fans and the shareholders. If he won`t talk with us then there is nothing we can do except to be an easy scapegoat to focus attention away from no deal being concluded as has been intimated. We all know constructive communication is what the club really needs and deserves.'
It continued: 'In the absence of any takeover deal we are ourselves looking to propose a helpful solution to the SWFC Board over the next few months and we will keep working hard to make that a reality.'
Wednesdayite currently hold a 10.07% shareholding in the club, most of which was gifted to them by Allen, but the Owls chairman has it made it known a number of times that returning the shares would allow an easier takeover of the club for any potential investor.
But the group believe the 10 per cent plus shareholding should make no difference as to whether a potential investor will come on board at S6.
The statement continued: 'Our shareholding alone does not provide Mr Allen with the so called 'all important` 51% and the SWFC Board are fully aware that there are a number of other ways in which they can achieve a majority holding, We also noted with interest recently that one of the people interested in SWFC - Carson Yeung - went on to buy just 29.9% of Birmingham City.'
Date:Friday July 13 2007
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