Date:Friday October 26 2007
Wednesday chairman Dave Allen has revealed he's looking at a fresh investment plan for the club - with a second Chinese connection looking to buy an English club.
The Owls are desperate for some investment, and Allen has revealed that he has a second Chinese connection who is looking to buy another English club.
And rather than waiting for potential investors to come knocking on the Hillsborough door, Allen insists that he is actively looking for people to invest in the club.
'I'm looking at another Chinese connection through my business contacts,' Allen told the Sheffield Telegraph.
'I've had a brief conversation with the individual concerned. He's looking at another club in this country...whether he'd be interested in Sheffield Wednesday remains to be seen.'
Carson Yeung was the other Chinese businessman who was linked with investment in the club earlier this year - Allen pointed towards any investor not being able to get 51 per cent of the club as a reason for the lack of interest.
But Yeung went on to invest in Birmingham City - where he didn't get 51 per cent, leading to questions over the sale of the club.
And despite the recent announcement by the Shareholders Assocation (SA) and Wednesdayite that the fans' group would add their 10 per cent shareholding to the SA register to be available for sale to the right investor, the Owls chairman still insists that the availability of 51 per cent is vital.
He continued: 'I've spoken to various parties and in two cases they need 51% to go ahead. One has made a specific stipulation to that effect and I expect the other to be the same.
'It's the same story. The spread of the shareholding might have been a good thing many years ago but it doesn't fit today's bill. There are a lot of clubs trying to sell - we are one of many.'
And Allen insists he is still looking for an investor with 'mega bucks' to take the Owls forward.
He continued: 'But we are actively on the look-out. We're seeking a guy with mega bucks. That is the only way forward.'
Date:Friday October 26 2007
Owls wait on Brazilian striker Brandao (Wednesday July 16 2014)
Owls linked with French midfield man (Wednesday July 16 2014)
Owls' Yorkshire derby clashes on TV (Wednesday July 16 2014)
Owls sell out for York City friendly trip (Friday July 11 2014)
Owls snap up Keiren Westwood (Tuesday July 8 2014)
Owls' 2014-15 fixture list revealed (Wednesday June 18 2014)
Owls to host Notts County in cup (Tuesday June 17 2014)
Takeover: Owls confirm deal is done (Tuesday June 10 2014)
Owls seeded for League Cup draw (Tuesday June 10 2014)
Takeover: French press say deal is done (Tuesday June 10 2014)
|21. Sheff Wed||0||0||0||0||0||0|
|Expectation Angst: Is Promotion Suddenly Realistic
» Watford : 22/07/2014 23:14:00
|Enjoyable Learning Curve For Gregory
» Millwall : 22/07/2014 21:50:00
|Millwall 3-1 Aldershot
» Millwall : 22/07/2014 21:44:00
|Karanka delighted with goals
» Middlesbrough : 22/07/2014 21:40:00
|Hitman Hearn delivers knock out blow to Leeds
» Leeds Utd : 22/07/2014 21:38:00