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Four groups in talks with Wednesdayite
OWLS fan group Wednesdayite have held talks this week with four separate parties about possible investment in the club.
Chairman Darryl Keys has been heavily involved in the initiatives and remains doubtful about whether Geoff Sheard will be able to complete a deal, though Sheard still insists that he can.
The other groups have been sounding out Wednesdayite for information but it is understood that their interest is at a very early stage.
The fan group hold 10 per cent of the club's shares and have struck a new alliance with the Owls…
"We have talked to four different parties this week," said Keys."No-one has said 'no chance.' They all have the balance sheet and have done their homework and are aware of the issues.
"I'm quite comfortable with the way things have gone so far."
Keys said that so far only one of the four parties has also approached Wednesday's financial advisors, Deloitte and Touche, who are leading the hunt for a buyer of the club: "Hopefully we can help to get people to stage where they can approach Deloitte and Touche, or try to look at it from a different angle and see if things can be structured in a different way," said Keys. He said that any club structure "would have to be accepted by everyone; the investors, shareholders and the bank."
On the bid to bring in new money, he said: "There is a lot of work to be done. At our very good and very encouraging meeting with the board, it was clear that the directors are absolutely committed to finding new investment."
Wednesday are also believed to be attracting interest from America but Keys feels that Sheard may have been left exposed by investors who have not yet delivered.
Owls keeper Lee Grant has been voted as the club's Player of the Month for September.
Paul Sturrock, whose Plymouth team face the Owls tomorrow, was shortlisted for the Championship Manager of the Month award won by Burnley's Owen Coyle.
SPURR COMES OF AGE FOR OWLS ON TWO COUNTS:
see the Green'Un newspaper, available from Saturday night for the full story
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Saturday 26 May 2012
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