Wednesdayite Issue Investment Plea
Wednesdayite have issued a plea to the Owls board to re-double their efforts to find investment following the decision to add their 10 per cent shareholding to the Shareholders Association (SA) register.
The fans' group earlier revealed that their members had voted overwhelmingly in adding their 10 per cent shareholding to that of the SA to enable potential investors to snap up over 56 per cent of the club.
Owls chairman Dave Allen had highlighted that the main problem behind getting investment was that potential investors wouldn't put their money down unless they got at least 51 per cent of the club.
And the decision by members of Wednesdayite will now allow 24 per cent of shares, made available by the SA and Wednesdayite, to be added to the board's 32 per cent holding to give a controlling stake in excess of 51 per cent.
And Wednesdayite spokesman Graeme Cook issued a plea to the Owls' board to go out and find fresh investment in the club now a controlling stake was available.
'The SA initiative hopefully now provides solutions to the critical factors previously identified by Mr Allen as being blocks to new investment,' he said.
'The challenge to the Sheffield Wednesday board is that they re-double their efforts to find an investor who is prepared to take the club forward.'
The news follows the decision by Owls chief executive Kaven Walker to meet with Wednesdayite vice chairman John Gath in a private meeting last week.