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

Recent Sheffield Wednesday Articles

Instant Reactions - Sheffield Wednesday v Wolves (20/10/17)

Following today's clash between Sheffield Wednesday and Wolverhampton Wanderers, here are the instant reactions from both managers.

Stats: Sheffield Wednesday v Wolverhampton Wanderers

All the stats from Sheffield Wednesday (0) vs (1) Wolverhampton Wanderers, Hillsborough, 15/12/17 Att: 23,809

Sheffield Wednesday v Wolves - Team Sheets - 15-12-17

Sheffield Wednesday are at Hillsborough with Wolves the visitors for the latest Championship game.

EFL Winning Goals Of November - 2017

The EFL have now released the winners of the November Goal of the Month competition for the Championship, League One and League Two.

Sheffield Wednesday Archived Articles

Vital Wednesday articles from

Site Journalists

Write for Vital Wednesday
Write For Vital Wednesday
Apply Here

Current Poll (see more polls)

Wolves MotM
Suggested By: Site Staff
Wildsmith0%
Palmer20%
Loovens0%
van Aken0%
Fox0%
Wallace0%
Butterfield0%
Jones20%
Reach0%
Rhodes0%
Hooper20%
Sub - Lucas Joao0%
Sub - Nuhiu40%
ScoopDragon Publishing Entire League Network of Sites
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Sheffield Wednesday Results (view all)

Sheffield Wednesday Fixtures (view all)

The Vital Football Members League