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Owls step up bid for buyer
SHEFFIELD Wednesday today widened the search for a buyer of the club.
They told the Stock Exchange that "certain discussions" on a takeover are continuing but aren't certain to result in a bid.
So the Owls have appointed financial advisors Deloitte and Touche - one of the biggest consultancy firms in the world - to seek fresh investment.
Rival consortium leaders Geoff Sheard and Jon Sotnick have already been talking to the club.
Chief executive Kaven Walker said he hoped dialogue with potential investors would continue and the club would welcome any future offer.
"There is always the potential, however, that an offer will not be forthcoming and as result the board felt the time was right to open and make more transparent the process of seeking new investment," said Walker in a statement on the club's website.
"We are delighted to have secured our place in the Championship.
"Deloitte will now work with us to actively seek buyers, which we believe is the right strategy in order to help the club look up the league, not down."
Walker said that if a buyer was not found the club's future remained secure.
"We are seeking new investment purely to help build future success both on and off the pitch," he said. "We are under no time constraints to find an investor. Business at the club will continue as normal"
He said that he would be meeting manager Brian Laws this week to discuss the summer transfer window. "Today's news does not change the way we view the market," he stressed
"We are under no financial pressure to sell any player."
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Weather for Sheffield
Saturday 26 May 2012
Today
Sunny
Temperature: 9 C to 21 C
Wind Speed: 17 mph
Wind direction: East
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Temperature: 11 C to 21 C
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