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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.




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The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Tuesday October 2 2007

Time: 12:06PM

Your Comments

Good news. Let's hope Ambramovich has had enough of Chelsea and wants a new challenge!
CLIFFANDJ
Nah, I'd take Laws over Avram Grant anyday ;)
wednesdaytilidie
wouldn't have to double their efforts if this mess could have been sorted in the summer
wednesday4europe
I agree 'wednesday4europe'
BluesyOwl
not that i'm blaming either side individually, I'm blaming both!
wednesday4europe
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!
johnnywalker69
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...
NicNac
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
No excuses now.. the shares are available for the right buyer. Over to DA...
Auckland Owl
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
wednesday4europe
He did? How much did they invest?
Placebo
does this mean DA is gonna put the 500,000 up that he promised if the shares were handed over?
Holl
 

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