Former Owls suitors fail again

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TRANMERE Rovers have followed Sheffield Wednesday in parting company with American investors Club 9 Sports.

Owls fans will have taken a keen interest in the split after their club decided to terminate a relationship with the Chicago-based company last summer.

The Owls had rejected two takeover offers and questioned Club 9’s ability to provide long-term funding. The US firm insisted they would come up with the money and accused the club of snubbing them.

Milan Mandaric saved the Owls with his takeover in December but Club 9 were back in the news in February when it was confirmed that they were having talks with Tranmere, who have been looking for new investment. They are said to have one of the lowest budgets in League One and have an average attendance of 5,400.

Chairman and controlling shareholder Peter Johnson announced yesterday: “I’d like to thank Club 9 Sports for their interest but unfortunately we have been unable to reach agreement.”

A statement from Club 9 said: “After long, thoughtful and thorough negotiations with Peter Johnson, it finally became clear to us that a deal satisfactory to both parties was not going to be possible. We have a high regard for Mr. Johnson and his people.” The statement wished Tranmere well.

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