Championship - Owls board still open to offers

Eurosport - Wed, 29 Oct 14:46:00 2008

Sheffield Wednesday's board of directors has declared the club is still open to offers from "any potential investors".

FOOTBALL 2008-9 Championship Sheffield Wednesday v Sheffield United - 0

Owls supporters' group Wednesdayite has withdrawn its offer to sell its 10 per cent stake in the club to a consortium headed by Geoff Sheard, which has failed to provide proof of funds, but the board has moved to clarify its own position.

A club statement said: "The board of Sheffield Wednesday notes the statement made yesterday by Wednesdayite, withdrawing its offer to sell its shareholding to Mr Geoff Sheard's consortium.

"The board confirms that, at this time, no formal arrangements exist between any of the company's directors and Mr Sheard regarding their respective shareholdings in Sheffield Wednesday.

"The board wishes to make it clear that the process of seeking offers for, or investment in, Sheffield Wednesday is on-going.

"While no acceptable proposal has been received to date, the board continues to be open to dialogue with any potential investors and to working to develop any acceptable proposal such that it can be presented to the company's shareholders for their consideration. There is no certainty that such a party will be found at this time."

TeamTalk / Eurosport

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  1. PERHAPS RUSSELL BRAND AND JOHNATHON ROSS WILL COME FORWARD, AFTER ALL THEY CAN GIVE THE TIME,AND THEY HAVE THE MONEY. WE HAVE HAD COMICS BEFORE,SO IT WILL NOT BE A FIRST.

    From BARNOWL, on Thu 30 Oct 3:36PM

  2. LALALA This Has Been Going On Forever!!!!!!!!
    Will Someone Please Buy This Club Before all The Suport Has Gone.

    From walker.andy@..., on Wed 29 Oct 3:39PM
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