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 confirm Tom Lees signing (Friday August 1 2014)
Wednesday reveal squad numbers (Friday August 1 2014)
Gray to assess Contout at Barnsley (Thursday July 31 2014)
Owls edged out by Magpies in friendly (Wednesday July 30 2014)
Lees edges closer to Owls move (Wednesday July 30 2014)
Owls hit by Lavery injury blow (Tuesday July 29 2014)
Scunthorpe close on Llera deal (Tuesday July 29 2014)
Gray to decide on Kelhar's Owls future (Monday July 28 2014)
Owls share spoils in Rovers friendly (Sunday July 27 2014)
Owls wait on Brazilian striker Brandao (Wednesday July 16 2014)
|21. Sheff Wed||0||0||0||0||0||0|
|Stephen Crainey Joins Fleetwood On One Year Deal
» Wigan : 01/08/2014 22:18:00
|LUFC Not looking good for Paddy Kenny
» Leeds Utd : 01/08/2014 20:43:00
|Winger agrees Boro deal
» Middlesbrough : 01/08/2014 19:39:00
|Benedicic to sign but Viviani looking elsewhere
» Leeds Utd : 01/08/2014 19:00:00
|LUFC Striker fit to face old club
» Leeds Utd : 01/08/2014 17:18:00