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Owls board make statement to stock exchange



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Published Date: 29 October 2008
By Paul Thompson
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It is a formal reaction to Wednesdayite's announcement yesterday that the fan group have withdrawn their offer to sell their 10 per cent stake in the club to Geoff Sheard.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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The full article contains 340 words and appears in n/a newspaper.
Page 1 of 1

  • Last Updated: 30 October 2008 10:35 AM
  • Source: n/a
  • Location: Sheffield
 
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1

leeowls1,

29/10/2008 14:30:52
bill gates if your out there dip your hand in your pocket i know you have a few quid
2

crystal peaks man,

29/10/2008 14:43:40
Sheard is taking the piss,time you lot got rid of him.
3

Parson X Owl,

Sheffield 29/10/2008 15:24:35
Wednesdayite have conducted themselves appallingly in this matter and have helped to make the club a laughing stock, to the rest of the footballing community.

This whole saga has been a complete embarrassment from start to finish.

Everyone involved in this sham should hang their heads in shame!
4

Ex-Chapeltown Lad,

Congleton 29/10/2008 16:02:26
Heh! Parson x Owl -- For once Wednesdayite have got it spot on! Sheard is the one who has made us look a laughing stock because most of us, including the shareholders, actually believed that his was a genuine offer. As it is, with the pack he runs around with, at best if he had suceeded,he would probably have been an asset stripper.Or, Maybe, someone who found a good way of freebee Directors box seats and entertainment! We are well rid! All credit to Wednesdyite (and I'm normally a critic of that group)
5

Jamesowl,

Sheffield 29/10/2008 16:07:48
Parson X Owl, I don't understand your reasoning. Wednesdayite Group have conducted themselves impeccably in this takeover saga. I don't believe we are a laughing stock. Why should we be? We had no reason in the beginning not to trust Mr. Sheard.
6

Dingle Dick,

Kalamazoo 29/10/2008 16:36:14
Don't lose faith in Uncle Geoff. Stop being so impatient. These things take time.
7

,

29/10/2008 16:41:09
Comment Reported Unsuitable By User
8

wesps,

29/10/2008 16:54:25
they agreed to sell in principal if proof of funds could be shown, so wheres the embarassment except on sheards face? and seriously lighten up we havent heard a peep from you because things we looking up, a couple of defeats and you pipe up again still as morbid as before
9

teajayy1,

29/10/2008 21:01:23
I agree with wesps. Where's the embarrassment? Wednesdayite were true to their word. Sheard couldn't show where the funds were coming from so they,ve shut him out. All credit to them.
10

CartertonOwl,

29/10/2008 21:11:51
i gotta agree with parsoncross here ,weres sheard now? weres his side of the coin??? NO ANSWER! directors box.couldnt get an cardboard box UTO!
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