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Owls Investment Talks Ongoing

Owls Investment Talks Ongoing

The Owls board have revealed that talks with a potential investor are at an 'advanced' stage and talks are currently ongoing.

The financial future of the club was thrown up in the air last month when chairman and board member Dave Allen resigned from both positions, hinting rumours of the club going in to administration.

But the current board acted swiftly to deny the claims, and have now revealed that they're currently in advanced talks with a potential investor.

And board member Geoff Hulley revealed to the Sheffield Star that the fans would have more news on the matter as soon as possible.

'We are speaking, and it is getting quite advanced,' he said.

'But with anything like this, there has to be some secrecy. It is a sensitive issue.

'We have to ensure that whatever we do is the right thing for the club, currently and in the long term. It has to be worked out properly.

'As soon as we are able to give any details, the fans and shareholders will be the first to be informed. We do have everybody's interests at heart, particularly the club's.'

Boxing promoter and die-hard Wednesday fan Dennis Hobson and his Jersey consortium are rumoured to have renewed their interest following the resignation of Allen, but the Owls board are yet to give any clues as to the potential investor, and whether the deal would be a full takeover or an investment.

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Writer:Nick
Date:Tuesday December 18 2007
Time: 9:50AM

Comments

0
Ken Cooke claimed that the board were not in talks with anyone. Kaven Walker yesterday told Radio Sheffield that they were in talks with someone, but refused to comment when told what KC had said..... Sounds like left arm doesn't know what right arm is doing!
swfcjambo
18/12/2007 10:33:00
0
please sort before january!
mansfieldowl
18/12/2007 10:34:00
0
It's a total shambles at the moment and some heads need to be banged together!! Get it sorted!!
will it ever happen
18/12/2007 11:40:00
0
i am up for banging some bloody heads together . total shambles comes to mind. but they arent telling us nothing we didnt already no are they and piddle up in a brewery comes to mind
mick66owl
18/12/2007 15:14:00
0
Ok I can reveal publicly for the first time, I'm the investor, I offered them $12SG and talks are ongoing :)
Placebo
18/12/2007 15:50:00
0
as much as that placebo
mick66owl
18/12/2007 19:08:00
0
I would rather they just keep their gobs shut until something is in place, rumours and stories like this usually end up in a cock up of some sorts, my money though for rumours sake is Hobson or shepherd
Holl
18/12/2007 19:49:00
0
god knows who they are talking too . carsen is talkin to 1 and cooke anotha and hulley someone else what a shambles
mick66owl
21/12/2007 00:28:00
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