GEOFF Sheard's hopes of an imminent end to the Wednesday takeover saga are set to be dashed.
Fan group Wednesdayite have denied his claim that agreement has already been reached with them over their shares.
Another major shareholder, Keith Addy, has revealed that in Sheard's offer for his shares he has been given no indication of the kind of investment and plans proposed for the club by Sheard's consortium.
Addy has suggested that Sheard must go through official channels as his next step by approaching financial advisers Deloitte and Touche, who are vetting would-be buyers on behalf of the club.
Wednesday insiders are understood to believe that there are questions about Sheard's finance and plans which have yet to be answered to the club's satisfaction, with the saga now in its sixth month.
Sheard had said that he hoped agreement could be reached with Addy and Geoff Hulley "in days."
Addy has replied to Sheard in a letter to an address in Geneva. He revealed: "The first communication that I have received from Mr Sheard was not directed to me at home, it was to the club and was forwarded to me by the club. That was a week ago.
"I mulled it over for a few days, and there's no indication of what sort of investment or plans that he has got for Sheffield Wednesday. I have sort of said to him that if he has got any further communication, address that to Deloitte and Touche."
Sheard's claim that agreement has already been reached with Wednesdayite, as well as Dave Allen, as been described as "an exaggeration" by Wednesdayite chairman Darryl Keys, who did agree that talks had been amicable and there had been "significant" contact between lawyers on both sides.
The group are awaiting legal verification of Sheard's bid and must then ballot their members, a process that will take 14 days.
At an earlier stage Wednesdayite sent a wide range questions to Sheard that they believe members would like answering.
Just over a week ago the Star revealed that there was surprise in the business world about Sheard's tactic of approaching individual shareholders rather than making a privateapproach to Deloitte and Touche which could lead to an all-encompassing solution for the club.
There were also qualms that other interested parties could be put off if they believed that a deal was already virtually done - whereas in fact Deloitte's efforts are continuing and they have received several expressions of interest.
Sheard has said he has yet to hear from Addy, and that Hulley had responded but had queried the price and further talks were necessary when the Owls director returned from holiday. Addy admitted that Sheard may not yet be in possession of his letter.
Sheard has also said that all four major shareholders, Allen, Hulley, Addy and Wednesdayite, have received the same offer. It is believed to be 20p a share. In April. , sources close to the consortium indicated that 30p was the figure.
Dave Allen recently confirmed that he had received legal verification of Sheard's offer for his holding. The deal was due to be finalised on July 1 but completion was put on hold by Sheard because he wanted the Wednesdayite issue to be resolved first.
Geoff Hulley last night was not available for comment but, in previous times, he and Keith Addy, as Owls fans and long-serving directors, presented a united front on the subject of their shares and ownership of the club, with Hulley saying that the aim was to act in the best interests of the club.
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