Vital Football

Latest Sheffield Wednesday News

Owls Finances 'Not Threatened'

Owls Finances 'Not Threatened'

Wednesday have moved quickly to re-assure the fans that the club won't be going in to administration following the resignation of chairman Dave Allen last week.

Allen handed in his shock resignation from Hillsborough last Friday, causing some fans to worry that the Owls may well be going in to administration.

But Wednesday released an official statement on the club's official site earlier today to re-assure fans that the finances at S6 are not threatened in any way since the departure of Allen.

It read: 'In response to recent media speculation, the board would like to assure shareholders and supporters that the club's finances are not in any way threatened due to the resignation of Mr David Allen as chairman and director of Sheffield Wednesday.

'Regarding the club's financial position, Sheffield Wednesday continues to have an excellent working relationship with the bank and there is certainly no threat of administration at this time.'

The club's Annual General Meeting (AGM) is held on Thursday, where the club are expected to announce more details on the current situation at S6, and invite questions from shareholders.

Writer:Nick
Date:Tuesday November 27 2007
Time: 2:39PM

Comments

0
one problem is, he is a major creditor so can surely demand his money back and essentially put us in2 administration. worrying how theyve made this extremely defensive statement aswell.
mansfieldowl
27/11/2007 16:19:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Recent Sheffield Wednesday Articles

Stats: Ipswich v Sheffield Wednesday

All the stats from Ipswich (0) vs (1) Sheffield Wednesday, Portman Road, 29/4/17 Att: 19,000

Vital Head-To-Head - Wednesday Vs Ipswich Town

The Owls Vs the Tractor Boys' history within

Vital Pre-Match - Carlos 'Picking 18 Is Near Impossible'

Carlos welcomes selection headache with stars returning

Vital Pre-Match - Carlos 'Picking 18 Is Near Impossible'

Carlos welcomes selection headache with stars returning

Archived Vital Wednesday Articles

Vital Wednesday articles from

Site Journalists

Ed Jepson
Editor email
Profile
Tom Sellers
no email
Profile

Current Poll (see more polls)

Ipswich MotM
Suggested By: Site Staff
Westwood0%
Hunt0%
Lees0%
Loovens0%
Pudil0%
Wallace0%
Lee0%
Bannan100%
Reach0%
Fletcher0%
Hooper0%
Sub - Forestieri0%
Sub - Rhodes0%
Sub - Semedo0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
P Brighton 45 28 8 9 92 34
P Newcastle 45 28 7 10 91 42
3 Reading 45 25 7 13 82 2
4 Sheff Wed 45 24 9 12 81 16
5 Huddersfield 45 25 6 14 81 1
6 Fulham 45 21 14 10 77 27
7 Leeds Utd 45 22 8 15 74 14
8 Norwich 45 19 10 16 67 12
9 Derby County 45 18 12 15 66 4
10 Brentford 45 18 10 17 64 12
11 Preston 45 16 14 15 62 2
12 Aston Villa 45 16 13 16 61 -1
13 Cardiff 45 16 11 18 59 -4
14 Barnsley 45 15 13 17 58 0
15 Wolves 45 15 10 20 55 -5
16 Ipswich 45 13 16 16 55 -7
17 Bristol City 45 15 9 21 54 -5
18 Q.P.R. 45 15 8 22 53 -10
19 Burton 45 13 13 19 52 -12
20 Birmingham 45 12 14 19 50 -20
21 Forest 45 13 9 23 48 -13
22 Blackburn 45 11 15 19 48 -14
R Wigan 45 10 11 24 41 -17
R Rotherham 45 5 7 33 22 -58
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Sheffield Wednesday Results (view all)

Sheffield Wednesday Fixtures (view all)

May 7 2017 12:00PM : Fulham (H)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.dooleys left leg4
Vital Football Comment