UK time is: 05:53:22
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

Join the Vital Fantasy Football League - its Free!

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
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Sheffield Wednesday Articles

Kids quids in for Millwall clash (Monday August 18 2014)

Owls to face Clarets in League Cup (Wednesday August 13 2014)

Wednesday 3-0 Notts County (Tuesday August 12 2014)

Fans To March Demanding Fairer Prices (Tuesday August 12 2014)

Ticket offers for County cup clash (Tuesday August 12 2014)

What a difference a year makes (Monday August 11 2014)

Wednesday confirm Stevie May signing (Sunday August 10 2014)

Archived Sheffield Wednesday Articles

List All Vital Wednesday Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results
Sheff Wed 1 - 1 Millwall
Sheff Wed 0 - 0 Derby County
Brighton 0 - 1 Sheff Wed

League Table (view table)

Team P W D L GD Pts
6. Norwich 3 2 0 1 4 6
7. Watford 3 2 0 1 2 6
8. Middlesbrough 3 2 0 1 2 6
9. Sheff Wed 3 1 2 0 1 5
10. Ipswich 3 1 1 1 0 4
11. Reading 3 1 1 1 0 4
12. Brentford 3 1 1 1 0 4

Breaking League News

Boro character praised
Middlesbrough : 19/08/2014 23:26:00
Millers Lose To Hornets
Rotherham : 19/08/2014 23:25:00
Reading 1 - 2 Huddersfield
Reading : 19/08/2014 23:21:00
Boro come from behind
Middlesbrough : 19/08/2014 23:15:00
Norwood Set For Reading Switch
Huddersfield : 19/08/2014 23:00:00

Current Site Poll (view all polls)

How Will Wednesday do this season?
Suggested By:  
Top 2 10%
Play-offs 27%
Mid-table 56%
Relegation scrap 5%
Relegated 2%