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End-game as Sheard talks to financiers



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Published Date: 23 September 2008
FANS group Wednesdayite say they have put Geoff Sheard in touch with financiers to help "speed up" his Sheffield Wednesday takeover process.
The Lancashire businessman, now aware there is a growing clamour for matters to be brought to a conclusion very soon, had talks yesterday.

There were suggestions last week of calls for a deadline on Sheard's attempt.

Darryl Keys, Wednesdayite chairman, said today that he would be "extremely surprised" if it was not sorted in two weeks.

He had a meeting with Sheard at Saturday's game with Ipswich which Sheard attended with a business associate from Blackburn.

"He understands he needs to speed up the process but there are no guarantees; it is all extremely complicated," said Keys.

"We provided him with more information and, as part of the process, put him and his people in touch with someone who we felt could help.

"Things have been ongoing since and I gather they had good discussions and there has been some movement."

Keys said the contacts were in finance.

"This is the start of the end-game. There are other people who have expressed some interest and I would say there are options if the Sheard bid should fall through.," he added.

"But we are now moving towards the conclusion whatever that may be. I would be extremely surprised if it is not sorted in two weeks.

"We were happy to help and, for everyone's sake, we all want something to happen soon."

Sheard is fronting a bid to buy the shares of three individuals, current director Geoff Hulley, former chairmam Dave Allen and ex-director Keith Addy which would amount to 29.9 per cent.

Wednesdayite have also voted to sell their 10 per cent block to him with conditions.

Meanwhile, Wednesdayite held their first board meeting at Hillsborough after Saturday's game.

The club provided a lounge and refreshments and Keys said: "They made us very welcome and it follows up the meeting we had with the club last week."

What do you think? Post your comments below.

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The full article contains 412 words and appears in Sheffield Star newspaper.
Page 1 of 1

  • Last Updated: 23 September 2008 10:41 AM
  • Source: Sheffield Star
  • Location: Sheffield
 
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1

CartertonOwl,

23/09/2008 09:48:19
2 Weeks? I can wait 2 weeks ,no probs after 7 months.
come on now lets AVE IT!,,,,,,,,,

Naaaaaaaaa na na NA NA NA NAAAAA

NA NA NA NAAAAA

WEDNESDAY!


2

RickOwl,

23/09/2008 09:58:32
Lets just hope in 2 weeks time its all sorted, the debts are cleared, we have a bit of cash to get in a few players in january and we might have a decent season!
3

ozkenb,

Horsley N.S.W. AUSTRALIA 23/09/2008 12:55:15
Like I said before ready steady go its happening at last.
4

Thebigbadwolf,

S4 23/09/2008 13:24:13
Is anyone slightly concerned that it is a fan group who appear now to be advising Mr Sheard on financial matters?
5

cliffandj,

23/09/2008 14:14:06
I am beyond caring to be honest. If Sheard needs to beput in touch with 'financiers' then he hasn't got the financial backing to move the club forward so it will be just more of the same.
6

Parson X Owl,

Sheffield 23/09/2008 15:06:05
To all those getting excited over nothing, this article says nothing about the takeover happening in 2 weeks time.

It simply states that Darryl Keys, the Wednesdayite chairman, said today that he would be "extremely surprised" if it was not sorted in two weeks.

This means that finally, Sheard is going to be pushed in to a corner and made to show his hand. The pressure has at last been exerted (as it should have been 5 months ago) and the man will be made to clinch the deal, or not?

If he can't and there are yet more excuses coming from his camp, as to why he can't complete the takeover deal within this time frame, then it will be confirmed to us all that he is a fraud and a time waster, with no real money behind him.

There can be no more excuses, or can there?

Just you wait and see - Two weeks will pass and there will be a deathly silence hovering over Hillsborough, with everyone wondering what is going on and why it hasn't completed?

Everyone at the club will have an embarrassed look on their faces and no one will know how best to break the expected news.

I think we all know the answer to that, before we even go there.

He and his fantastical, mystery backers have no money and have been taking us all for a ride, these past 9 months.

I don't take pleasure in saying this, far from it. In fact, it makes me intensely angry that the club has been taken for a ride and for so damned long, when this pressure should have been applied so long ago.

The club has since gone in to a depression and the fans have turned away in their thousands, in a state of apathy and disillusionment. This should never have dragged on for so long.

Let's just get on without this Sheard bloke and pretend that we had never even heard his sorry name.
7

wesps,

23/09/2008 15:19:22
the only positive thing ive ever seen you type was on the tevez article today pretty funny, i thought you said yesterday that the fans turned away(including you) because of prices not because of sheard, make your mind up
8

intercityowl,

Doncaster 23/09/2008 15:48:30
Keep walking away parson x, we aint all as fickle. one of the glory fans or the £ 10 quid game attenders are you
9

Parson X Owl,

Sheffield 23/09/2008 16:07:05
Wesps.

1 - I can't afford to go to all the games, but do manage to get to most of them and take my two young kids.

2 - I don't like Sheard, don't trust him and think he would be a disaster for this club. We shall very soon see why I think this way (hopefully within the next 2 weeks)?

3 - It's good to see London based clubs, like West Ham made to pay for cheating and lying their way to success. The bias coming from the London HQ's of the FA and Premier League, are embarrassing and todays court ruling is good news for all northern footballing teams, not just them over in S2. Open your eyes and use your brain, and you might just see why this is?
10

wesps,

23/09/2008 17:46:30
never said that the ruling was wrong, already posted on their thread saying i agreed with it.

just found it funny that the first thing ive seen you write that wasnt completely morbid was on a utd article thats all
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