Sheffield Wednesday: Owls may dip into the loan market

Owls owner Milan Mandaric.
Owls owner Milan Mandaric.
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Milan Mandaric, the Sheffield Wednesday chairman, has not ruled out utilising the loan market before Thursday’s deadline.

The Owls chief, who has told The Star that Dave Jones will “definitely” still be their manager when the team head to Blackpool on Saturday, says the club’s hierarchy are “working on” bringing in new first-team recruits.

“It’s a possibility,” said Mandaric. “We’re not giving up on anything.”

Wednesday have agreed an undisclosed loan deal, thought to be in the region of £1.5 million, with Gol International Ltd, a Gibraltar-based business conrolled by football agent Pini Zahavi. The Israeli agent, who has represented Rio Ferdinand and Carlos Tevez in his career, has worked on some of football’s biggest transfer deals.

In recent years, Zahavi has had dealings with West Ham, Chelsea and Portsmouth. It was Zahavi who introduced Sacha Gaydamak to purchase Pompey from now Owls chairman Mandaric in January 2006.

The loan, secured against the Owls Hillsborough Stadium, follows on from the Championship outfit agreeing a £1.5m loan from former West Ham chairman Terry Brown earlier this season.

Of the Zahavi agreement, Mandaric, who has a business background in the USA, said: “It is definitely going to be for the benefit of Sheffield Wednesday. We’ll pay the bills, bring in extra players.

“We don’t have enough income as we projected or planned so you’ve got to bring the money in.”