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New riddle in Sheffield Wednesday takeover

SHEFFIELD WEDNESDAY's fan group Wednesdayite tonight say they have yet to be fully satisfied with the Geoff Sheard bid to take control of the club.

The fans trust spoke of "increasing concerns" about the prospective change of hands...prompting fresh speculation it could fall through.

Wednesdayite also confirmed a Star story last week that have entered into talks with four other interested parties about a takeover.

Sheard, who heads an as yet unidentified Swiss-based consortium that first contacted the club nine months ago, has not yet been ruled out of the running by Wednesdayite.

Wednesdayite said in a statement: "At this time, the conditions of our

acceptance of (the Sheard) bid remain unsatisfied in all respects and we

have no further verification of the source, quantum and nature of

funding than we had at the time of the member ballot on August 6.

"We remain in dialogue with Mr Sheard and have outlined our increasing

concerns to him about the delay.

"We have also advised him that we have simultaneously begun to actively

pursue other potential investor leads.

"This does not preclude Mr Sheard from completing a deal, but the most

important thing is that the club attracts fresh investment from one

source or another and we have to keep our options completely open.

"In this connection, we have instigated meetings with four interested

parties last week although we would stress these are at a very early

stage."

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Tuesday 22 May 2012

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