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Interest Grows In Owls Takeover

Interest Grows In Owls Takeover

Dave Allen only vacated the chairman's hotseat at S6 a week ago but the good news for Wednesday fans is that there are already a number of investors interested in the club.

Former West Brom chairman Paul Thompson is the latest name to be thrown in the hat, the founder of software company Sanderson who sponsored the Owls for numerous years during the 90's.

And the former West Brom chairman and Southampton director is said to be weighing up his options for a takeover of the club in the coming weeks.

But should 55-year-old Thompson follow up his interest in Wednesday, he could face some stiff competition for the ownership with Wednesday fan Dennus Hobson and his Jersey-based consortium still showing an interest in the club.

The consortium, led by boxing promoter Hobson, had shown previous interest in investing in the Owls' during the reign of Allen as chairman, but had always seen their approaches knocked back.

But Allen's departure could well pave a new approach from the group, who are as keen as ever to get on board at Hillsborough and steer the Owls to greater things.

Allen is thought to be wanting to sell his current 10 per cent shareholding in the club, while the Shareholders Association and Wednesdayite are also willing to sell by combining their shareholding should the right investor come along.

Writer:Nick
Date:Friday November 30 2007
Time: 11:05AM

Comments

0
It's going to be rumour after rumour until someone actually signs on the dotted line, until then it's going to name after name after name!!
will it ever happen
30/11/2007 11:58:00
0
Lets hope we have some investment before the january window closes......
swfcjambo
30/11/2007 12:18:00
0
some investmen in new players would be good regardless of who takes over
s66owl
30/11/2007 14:14:00
0
wish some one would just use there head and get two or three of possible investors money together and buy the lot yueng/hobson/thompson all with 33% and then there would be sum money leftover for players
mick66owl
30/11/2007 14:59:00
0
Have to be careful, don't want a situation like Birmingham or Coventry! Hopefully someone will come in asap who can invest some real money and take us forward.
NicNac
30/11/2007 18:18:00
0
how much do you need, transfer kitty wise?
StevieG Col U
30/11/2007 18:53:00
0
How long's a piece of string? :D 10 million would be nice for transfers, more to increase wages so we can attract more/better players and then more to pay off some/most/all of the debt....
NicNac
30/11/2007 19:01:00
0
Mick66owl Nice idea, but most people are not interested in putting their money into a debt ridden business and then having no guaranteed say in how the company is run and no guaranteed control over what happens to their investment (which would be the case with a 33% share – in fact it would be much less than 33% unless you can convince ALL shareholders to sell – which means you might actually end up with only 33% of 51% = 17%)
DB2002
30/11/2007 19:22:00
0
I AGREE DB BUT ANYTING IS BETTER THAN WHATS HAPPENING NOW SURELY
mick66owl
30/11/2007 20:19:00
0
whats the rush?? we're doing fine at the moment, we have a good squad and the players are getting te results. There's no crisis!! Although if Abramovich came knocking i'd love it
Norman
30/11/2007 20:27:00
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