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
Wednesday 1-0 Reading (Sunday September 21 2014)
Bumper crowd set for Reading clash (Friday September 19 2014)
Birmingham 0-2 Wednesday (Tuesday September 16 2014)
Owls sign former Real Madrid midfielder (Monday September 1 2014)
Owls handed Manchester City cup clash (Thursday August 28 2014)
Wednesday await League Cup draw (Wednesday August 27 2014)
Gray: Owls good value for cup triumph (Wednesday August 27 2014)
Report: Burnley 0-1 Wednesday (Wednesday August 27 2014)
Owls out to maintain momentum in cup (Tuesday August 26 2014)
Karanka to make changes for Owls visit (Friday August 22 2014)
|8.||dooleys left leg||1|
|Sheff Wed||0||-||0||Derby County|
|6. Sheff Wed||8||4||3||1||4||15|
|8. Derby County||8||3||4||1||5||13|
|Marcus Evans Resolute In Town's Defence
» Ipswich : 21/09/2014 20:00:00
» Charlton : 21/09/2014 19:00:00
|Video: Watford v AFCB
» Bournemouth : 21/09/2014 18:37:00
|Cherries stung by Hornets
» Bournemouth : 21/09/2014 18:35:00
» Bolton : 21/09/2014 18:00:00