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Owls board make statement to stock exchange
SHEFFIELD Wednesday's board today made a statement to the London Stock Exchange.
It is a formal reaction to Wednesdayite's announcement yesterday that the fan group have withdrawn their offer to sell their 10 per cent stake in the club to Geoff Sheard.
The Owls say today that the status quo remains, with no deal done between any of the club's directors and Sheard, and with the club still searching for new investment.
The statement says: "The board of Sheffield Wednesday notes the statement made yesterday by Wednesdayite, withdrawing its offer to sell its shareholding to Mr Geoff Sheard's consortium.
"The board confirms that, at this time, no formal arrangements exist between any of the company's directors and Mr Sheard regarding their respective shareholdings in Sheffield Wednesday.
"The board wishes to make it clear that the process of seeking offerors for, or investment in, Sheffield Wednesday is ongoing.
"Whilst no acceptable proposal has been received to date, the board continues to be open to dialogue with any potential investors and to working to develop any acceptable proposal such that it can be presented to the company's shareholders for their consideration. There is no certainty that such a party will be found at this time.
"The company will keep shareholders informed as to progress with this process as appropriate."
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Weather for Sheffield
Friday 10 February 2012
Today
Fog
Temperature: -6 C to 0 C
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Wind direction: South east
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Sunny spells
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