UK time is: 08:36:51
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Owls' AGM Outcome

Wednesday held their much-anticipated Annual General Meeting (AGM) at Cutler's Hall in Sheffield this morning, with plenty of interest following last week's resignation of Dave Allen.

Doubts were thrown over the club last Friday when former chairman and director Allen revealed his resignation of both his roles at S6, so there was plenty to talk about at the AGM.

Three directors - Geoff Hulley, Keith Addy and Bob Grierson - were all up for re-election, and David Coupe, chairman of the Shareholders Association (SA), recommended that his members vote to re-elect both Hulley and Addy, despite a press release from the SA stating they wouldn't vote for them unless the club withdrew the current legal action against fans.

All three were all re-elected by shareholders.

The change of heart could well have followed the apology by both Hulley and Addy to Wednesdayite member Irma Kennedy, subject of being called a 'venemous bitch' by Allen at a press conference earlier this season.

Hulley said: 'I apologise; the words that were used, I would never use.'

His colleague Keith Addy said: 'There is an apology from me.'

Ken Cooke charied the meeting, but insisted that he was not acting as chairman, and the board revealed that they had yet to decide on who would deputise as chairman, and gave no indication as to the long term future of the club with regards to a takeover.

The meeting also revealed that the financial future of the club was not in danger, putting aside fears that administration could well be an option following the resignation of Allen last week, with a net profit of 1.5 million announced for the last financial year.

And finance director Bob Grierson helped explain the current financial situation at S6 following Allen's departure.

'I feel I must comment on the current financial position of the club following the resignation of our former chairman, Mr David Allen,' he said.

'As usual, the media have had a field day, making wild and inaccurate statements regarding the indebtedness of the club and the general financial state despite the correct information being readily available in the accounts.

'As you can see from the accounts, Dave Allen had not personally guaranteed the bank facilities of 26m; they are secured on the assets of the club. Dave Allen is not owed 3.5m in loans for which he can demand immediate repayment. All of the bank's and directors' loans are secured on structured terms. The resignation of Dave Allen in no way affects the terms of these loans.

'The club's financial position is unchanged and the threat of administration is no greater than when Mr Allen was chairman.'

And Cooke was also keen to end the current conflict which has gone on between the club, supporters, and supporters' groups in recent times, with the aim of taking the club forward together.

'We have got to stop this conflict and start thinking positively, we need to kick the politics out of this club and set a positive agenda to move forward. We have a tremendous fan base, better ground facilities than most and passionate fans.

'Wherever you go in the world and you talk Sheffield and you talk football, Sheffield Wednesday is always recognised. We are respected and a valuable asset to the city.

'We want to kick the politics out of this club, concentrate on football and set a positive agenda to see a way forward. I believe we are the biggest club in the area, let's start behaving like it.

'Let's be proud of all we are, support the club, get behind the manager and players, and move onwards and upwards.'




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!

The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Thursday November 29 2007

Time: 5:12PM

Your Comments

""""'We want to kick the politics out of this club, concentrate on football and set a positive agenda to see a way forward. I believe we are the biggest club in the area, let's start behaving like it. 'Let's be proud of all we are, support the club, get behind the manager and players, and move onwards and upwards.'"""" ....... Good words to stand by, let's hope they do.......
Placebo
We are by far the biggest club in the area and time for the board members to start realising it now. Lets move forward and get this big club back where it belongs.
will it ever happen
Let's all pull together for the good of the club. Drop the pointless legal action!
NicNac
lets finish of a good week by thumping colchester and then the board saying legal action as been dropped
mick66owl
Good, positive statements that needed to be said. UTO!
Auckland Owl
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Stats: Forest v Wednesday (Wednesday April 9 2014)

Forest 3-3 Wednesday (Wednesday April 9 2014)

Preview: Forest v Owls (Tuesday April 8 2014)

Madine makes Carlisle return on loan (Thursday March 27 2014)

Palmer pleased to pen new Owls deal (Wednesday March 26 2014)

Wednesday 1-0 Brighton (Wednesday March 26 2014)

Madine set for loan move (Monday March 24 2014)

Loan man Best loving Hillsborough life (Wednesday March 19 2014)

McCabe joins Portsmouth on loan (Tuesday March 18 2014)

Archived Articles

List All Vital Wednesday Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
12. Middlesbrough 42 14 16 12 10 58
13. Watford 41 14 15 12 16 57
14. Bolton 42 13 15 14 -2 54
15. Sheff Wed 42 12 14 16 0 50
16. Leeds Utd 42 14 8 20 -9 50
17. Huddersfield 42 12 10 20 -9 46
18. Birmingham 41 11 10 20 -10 43

Breaking League News

Cherries host Sheffield Wednesday
Bournemouth : 16/04/2014 08:20:00
O'Kane: We can still do it
Bournemouth : 16/04/2014 08:06:00
Any Previous? - Latics v Reading
Wigan : 16/04/2014 08:00:00
LUFC On This Day - April 16th
Leeds Utd : 16/04/2014 07:15:00
Meet The Ref - Latics v Reading - Craig Pawson
Wigan : 16/04/2014 07:00:00
Royals back in play-offs with Foxes point
Reading : 16/04/2014 03:40:00
Rumour Mill-How Loe Can You Get?
Burnley : 15/04/2014 21:00:00

Current Site Poll (view all polls)

Should the Owls give Gary Madine another chance?
Suggested By:  
Yes 85%
No 15%