Sponsored by
Sheard waits on Owls fans' share verdict
SHEFFIELD Wednesday takeover frontman Geoff Sheard is looking for reassurance that he has the backing of fans as he eyes the next step in his bid for power.
It is understood the Lanca-shire businessman will await the result of a ballot of Wednesdayite members on whether or not the organisation will part with their 10 per cent stake.
This probably would not be a stumbling block as Wednesday-ite have been broadly supportive of any initiative that can take the club forward.
It is also believed that Sheard is close to making a formal offer for the fan group's shares.
Wednesdayite have confirmed that they have received a "preliminary communication" about their stake and have referred it to their professional advisers.
The group's procedure would be to ballot members if a formal offer is received.
Sheard is believed to be confident that he is on the brink of acquiring the 30 per cent bloc that is split between Dave Allen, Geoff Hulley and Keith Addy.
Alongside's Sheard's manoeuvres, Wednesday's advisers, Deloitte and Touche, are continuing their efforts to assist a takeover. They were appointed by the club to lead the search for a buyer and.
It is understood that no deadline has been set by Deloitte or the club. Deloitte received various expressions of interest and will have been hoping to report back to the club board with favourable news.
But the spotlight is on Sheard as the five-month saga continues.
What do you think? Post your comments below.
READ MORE
Sterland suicide bid: CLICK HERE TO READ MORE
Football headlines
More Blades
More Owls
More Spireites
More Rovers
More Reds
More Millers
More Ice Hockey
More rugby league
More rugby union
More boxing
Sports columnists
All sport categories
Email to a friend
Print this page
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Sheffield
Friday 10 February 2012
Today
Fog
Temperature: -6 C to 0 C
Wind Speed: 14 mph
Wind direction: South east
Tomorrow
Sunny spells
Temperature: -2 C to -1 C
Wind Speed: 9 mph
Wind direction: South west
