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Wednesdayite Issue Investment Plea

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.

Click here to join in the debate on the club forum.

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Date:Tuesday October 2 2007
Time: 12:06PM


Good news. Let's hope Ambramovich has had enough of Chelsea and wants a new challenge!
02/10/2007 12:19:00
Nah, I'd take Laws over Avram Grant anyday ;)
02/10/2007 12:31:00
wouldn't have to double their efforts if this mess could have been sorted in the summer
02/10/2007 12:46:00
I agree 'wednesday4europe'
02/10/2007 13:07:00
not that i'm blaming either side individually, I'm blaming both!
02/10/2007 17:10:00
Yeah but surely this was DA and the boards job to do this, try to round up the shares and get an investor in. The Shareholders Association have done DA's job for him wednesday4europe! Now we'll see the real reason why investors wont come in!
02/10/2007 18:24:00
Exactly johnnywalker, if the 51% really was the issue, there's now no reason a takeover/investment can't go through. We'll just have to wait and see...
02/10/2007 18:46:00
a least if a majority holding is availiable we might stand a chance of getting the right investor in but he must want to do it for the club and not to line his own pockets
beverley owl
02/10/2007 19:50:00
No excuses now.. the shares are available for the right buyer. Over to DA...
Auckland Owl
02/10/2007 20:38:00
well he brought us investors in the summer (which neither wednesdayite or the shareholder assosication did), hopefully he'll be able to get them back. if they're not too *****ed off at all the crap first time round
02/10/2007 21:00:00
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