For those who've missed the Owlstalk Takeover shannigans the last few days, prepare yer selfs for a major announcement....and it dont look good!

Looks like a major rag is ready to spill the beans....yummy...pork and beans:hihi:

For those who've missed the Owlstalk Takeover shannigans the last few days, prepare yer selfs for a major announcement....and it dont look good!

Looks like a major rag is ready to spill the beans....yummy...pork and beans:hihi:

Nice to know that you're such a big fan of SUFC that you like to spend your free time looking at our boards.

A LOT of rumours flying around, and I have no idea what's what anymore.

Enjoy it if it does fail, as I know you will, but spare a thought for those fans who never fully believed the huge sums of money that were being projected- but who just desired that SWFC would be on stable footing again. One thing that I don't think is too much to ask of my club.

UTO.

Nice to know that you're such a big fan of SUFC that you like to spend your free time looking at our boards.

.

You've gotta get yer laughs from somewhere.

Rumours are that it will be the NOTW, but I expect the rest of the pack could race to report the debacle.

You've gotta get yer laughs from somewhere.

Rumours are that it will be the NOTW, but I expect the rest of the pack could race to report the debacle.

So you have read through the entirety of the 27 page thread that was on OwlsTalk this afternoon.

Don't you have your own club to follow? ;)

I said im the first place... when the money is in the bank then... i believe.
Meltdown Imminent you say.... funny that cos we aint gained owt to lose yet av we ya plank.

Would anyone care to summarize whats been going on?

s we aint gained owt to lose yet av we ya plank.

Only the clubs integrity and reputation, mind you, with their track record.....

Would anyone care to summarize whats been going on?
The entire Takeover section on Owlstalk disappeared this tea-time, its slowly building up again, however, some of the more tasty accusations can be found here (http://boards.footymad.net/mboard/fmb.php?tno=464&fid=222&sty=2&act=1&mid=2128568630)

another blade obsessed about the takeover. i have lost complete interest in the takeover, if it happens it happens, if not then we'll get by. too many rumours flying around like igm said, dont know what to believe.
nice to see you have a enjoyable life trawling through rival clubs forums, i've never been on owlstalk so you must be a bigger owls fan than me:thumbsup:

lets have a petition

Same ere i don't bother with any of the Wednesday sites, u hear everything that happens on here anyway.

Apparently if the take over occurs then, a new manager and also a trainer will be employed

The 2 favourites for the job are

http://www.charactershop.co.uk/Images/rainbow.jpg

(not entirely sure what the bloke in the background is trying to do to the 2 candidates)

Carlos Tevez and David Unsworth are closet Owls, and there's nowt wrong with zippy at least he keeps his gob shut.

I find it all very confusing, me and the OH had a look at the Capital Bank Site, no contact details, no live login, its all rather mysterious :suspect:

I find it all very confusing, me and the OH had a look at the Capital Bank Site, no contact details, no live login, its all rather mysterious :suspect:
Yes, what a rather strange bank site that was;)
On a lighter note, have you seen the proof of funds document:hihi:

http://i34.tinypic.com/t4uv4i.jpg

apparently the bank is run by a DJ from skeg vegas, or so someone on Owlstalk was saying!

I hope that it is all sorted soon, people are saying a week on sunday, in the papers

1st July...

Just think its september in a couple of days i bet u lot are buzzing, talk about clutching at straws

This whole takeover fiasco (that's what it looks like from outside) has the same kind of feel to it that the United takeovers revolving around the likes of Sam(antha) Hashimi, Hinchcliffe, Woolhouse and Colombotti, before Kev brought some common sense and reality back to the club.

Wednesday are just going through a similar cycle now, and anyone flashing a bit of cash and the holy grail of a 'Premiership Return Ticket' is seen by many Owls fans as the possible saviour... this doesn't look like the right lot to get tied up with though, it's been very poorly handled all the way along, and Mr Sheard comes out of it looking at best like a naive buffoon, and at worse... well... choose your own insult.

So yeah, United fans are enjoying it at the moment, we've had this trash before and were rightly ridiculed for it! Wednesday fans should be careful what they wish for though - you've already been on the brink of Division 4 a few years ago, and the last thing you need is some joker using you for some ulterior motive. Don't forget, Rotherham are at Don Valley now, so if he sells the ground off, you'll have to go play in Hillsborough Park... :) or worse still, Oakwell!!

Enjoy it if it does fail, as I know you will, but spare a thought for those fans who never fully believed the huge sums of money that were being projected
FTO.

Ian...When the take over was first announced these pages were full of owls banging on about how wednesday would be the biggest club in Sheffield again, there would be 50 million a year for 5 years and Champions League football in 5 seasons.
There were hundreds of threads started and one in particular stands out and that was the one along the lines of "Was that an earthquake in Lincolnshire last night i felt the rumble in Sheffield, Oh no it was Sheards plane crashing because of all that money it was carrying"

If it fails i will feel sorry for a few owls that i have time for and they know who they are...The rest are in for months and months of having the michael taken :hihi::hihi::hihi:

The process is being handled by Deloitte the countries second biggest financial advisors they are representing the board.

One issue is that if Mr Sheard is trying to avoid Deloitte it will cause all sorts of leagal problems and therefore will take longer to sort out.

It doesn't look good.

Well my Owls mate said yesterday it will be all sorted by end of september, to which i replied, which year

If it happens, it happens, if it doesnt we have lost nothing but gained the fact our majority shareholders will sell there shares if a buyer with sufficient funding to the club rears its head, a mr Ken Bates had enough funding, but they didnt want to sell to him, look what he did at leeds, that was a good move.
Mr Sheard must have something going about him if he has managed to persuade the likes of allen and co to sell up. A lot of fans are hiding behind rose coloured specs, but im now taking it all with a pinch of Saxa, whether it happens or not i dont care. Going to the matches, watching the side will be no different.

we are years behind the blades, SUFC pay £12.7m a year in players salaries compared to our meagre reported £3m.

I hope mr sheard does complete the takeover with his mystery Bin Laden backers, they cant be any worse than the current boa... (ill not say board, because we havent even got a proper one..)
We need direction, and the only direction we have at the minute is about as reliable as a blind map reader!

On Owlstalk, members are going crazy over the rumours.

Whether good or bad, something is happening! :?

We'll be reight, we always have been, and we always will be.:thumbsup:

I'm still not going to believe anything until I see proof of it. :)

The rumour starters are just pathetic though. Nothing better to do? :roll:

We'll be reight, we always have been, and we always will be.:thumbsup:

Well said Wiggo keep the faith:thumbsup:

Well it looks like the Yorkshire Post has started to do a little bit of digging..
..it dont look good.


Pressure mounts on Sheard to finalise his Wednesday takeover


Published Date: 12 September 2008
By Rob Waugh

Exclusive

THE man behind the proposed takeover of Sheffield Wednesday has received a thinly veiled message to 'put up or shut up' amid growing concerns about the planned multi-million pound deal.

Fans group Wednesdayite, which owns a 10 per cent stake in the club, said supporters' confidence in the takeover was beginning to drain away and issued a fresh plea for alternative investors to come forward.

But businessman Geoff Sheard last night again insisted he was fully committed to taking control of the club and hoped to arrange a meeting between the three leading shareholders next Wednesday to thrash out a final solution.

Wednesdayite chairman Darryl Keys said: "The club can't stay in limbo forever. We've had lots of assurances but no clarity or verifiable evidence that he can conclude the deal.

"The longer it goes on, the more and more people feel it's unlikely to happen. There's a definite change in attitude among fans and the mood is now one of concern."

Keys also urged any other potential investors to come forward and underlined Wednesdayite's willingness to help bring fresh money into the club.

Sheard had said bank guarantees would be provided to shareholders this week but last night said the best way forward was a meeting to thrash out a deal.

He said: "We want this meeting to happen next week, to get all the respective parties in the same room, with their legal people. I think it will happen on Wednesday."

Sheard hopes to buy a 29.9 per cent controlling stake in the club by acquiring the shareholdings of former chairman Dave Allen, former director Keith Addy and current director Geoff Hulley. The deal would cost around £8m, including the paying off of directors' loans. Allen said a meeting next week had also been suggested to him though he declined to comment further.

He also reiterated the funds for the deal are unconnected to an offshore bank in Dominica despite a letter from the Private Capital Bank (PCB) being used as proof of funding in January.

He said the investors' money is based in Switzerland and that the major shareholders had been told they could be paid through recognised banks in either Berne, Zurich or London.

The PCB has told the Yorkshire Post it doesn't know who Sheard is, that the letter has nothing to do with them and that it was disappointed the club had not been in contact to verify its claims.

The club said it could not comment because of confidentiality rules surrounding its announcement to the Stock Exchange that it had received a takeover bid.

But a source has revealed that Wednesday had immediately asked for the name of a lawyer to verify funding which was never forthcoming. The club remains unaware of which lawyer is working for Sheard.

The Lancashire-based businessman has declined to say which lawyers are working on the deal. Although he has been in regular contact with the club, Sheard's approach has changed from wanting to buy out the entire shareholding to trying to buy three individual blocks of shares.

Article here (http://www.yorkshirepost.co.uk/football/Pressure-mounts-on-Sheard-to.4485963.jp)

that sounds pretty dodgy, would you want this guy to be running your club? talks of funds in banks all over the world, nameless, faceless lawers. Even if he does takeover he doesn't sound like dear old uncle kev does he? sounds a bit shady if you ask me

bored already. i dont care what the papers say, radio stations say, sheard says. only thing i'll listen to is when they announce its finalised or fallen through, other than that i dont care.

Don't quote me on this but some of my drinking buddies(wednesdayites)say if this deal doesn't go through or someone else buys the club administration looms.

Is this true??

and theres more..

Confusion and delay leave Sheffield Wednesday bid open to question


Question marks over takeover


Published Date:
12 September 2008
By Rob Waugh
IT began with a letter from an offshore bank in Dominica, at some point involved a bank and lawyer in Switzerland, then apparently a branch of HSBC in London but still no-one knows who, if anyone, really wants to buy Sheffield Wednesday.

Back in January, the club and its main shareholders were presented with a copy of a letter purporting to be from the Private Capital Bank in Dominica, titled "Acquisition of controlling shares in English League Football Club."

The letter was addressed to Lancashire-based businessman Geoff Sheard and used by him as an initial proof of funding from his anonymous backers.

The Yorkshire Post has now obtained a copy, on Private Capital Bank (PCB) headed paper, pictured right, which says that its client and account holder had "in excess of 100m Euros in cleared funds with full valid provenance" available, "a portion of which we are permitted to use to consummate this share purchase." The share price, at that time, was identified as being 30p.

The letter – written in the name of an underwriter called Richard Francis but unsigned – kick-started a chain of events which included the football club making an announcement to the Stock Exchange about a potential takeover bid and fans group Wednesdayite organising a ballot of its members which agreed, in principle, to sell its 10 per cent stake in the club to Sheard.

However, it transpires that although the bank exists and has had a licence since last year, it has never actually operated. It has no money in it, no account holders and no clients with 100m Euros.

When Sheard was first asked about why he had used the letter he said it was a method of "getting a foot in the door" to begin negotiations. Insisting the money to buy control of the club was never in the Caribbean, he added that the bank's owner was a friend.

But Sheard has since said he doesn't know Bobby Wahi, the bank's owner and chairman – and the bank says Wahi doesn't know Sheard.

The bank's director, Dominica's former attorney general, David Bruney, is less than happy about the use of the bank's name.

He said: "It has nothing to do with us. Our position is that anyone could have taken this off our website and given it to them.

"Bobby's position is that he doesn't know anything about this. He's never heard of him and doesn't know him.

"We're pretty upset that Sheffield Wednesday would have entertained an unsigned letter. Why couldn't they have asked 'does this letter originate from your bank?' It's absolutely ridiculous. It has nothing to do with the bank.

"I would have told Sheffield Wednesday it's impossible. There are no bank accounts, we haven't started our operation yet."

Sheard now refuses to discuss the involvement of the PCB, insisting the finance for the deal is completely separate and involves money coming from Switzerland.

Then there's the issue of legal representation. Despite the saga now running for over eight months, the only known lawyer appointed to act for Sheard is Dr Hans Ulrich Sutter, based in Geneva.

He said he met Sheard three times in Switzerland and initially said he knew very little detail about the bid. Dr Sutter later expanded on his role and said it had centred on a plan to move money from the UK to Switzerland where it was thought it might be a financially advantageous location from which to invest in Wednesday. When it was quickly decided, in July, that it was too complicated, Dr Sutter said the money was moved back to the UK where as far as he knew it remained.

He could not say whose money it was or the full amount involved although he did initially say around 6mEuros (£5m) was in the UK to begin the buyout process.

Dr Sutter also said he understood the money was provided by individual investors based in the UK and was not held in a trust.

Despite this, at least one of Wednesday's main four shareholders received another letter purported to be from the PCB in March saying funding had been deposited in a trust in Switzerland.

Another key issue is the involvement of the Co-op bank who Wednesday owe £23m. Sheard's bid involves taking an initial 29.9per cent stake in the club, just short of the 30 per cent which would automatically trigger an offer for the entire shareholding. But club officials believe any deal to take control of the club would have to involve negotiating with the bank which has a series of agreements in place to manage the debt.

A club source has previously revealed two previous meetings arranged with the Co-op were cancelled by Sheard.

Three weeks ago, Sheard insisted he had engaged the services of a US financial expert for an imminent meeting with the bank. No meeting has yet taken place.

Sheard also told fans group Wednesdayite last month that the money was now in a branch of the HSBC bank in London. He promised to provide Wednesdayite with proof but then said he needed authorisation to do so.

That issue then seemingly dissolved when Sheard said he was now going to deliver bank guarantees to the three main shareholders he has agreed, in principle, to buy shares off – former chairman Dave Allen, former director Keith Addy and current director Geoff Hulley. The price agreed earlier in the summer is 20p a share, with Sheard also agreeing to pay off directors' loans as part of a package costing around £8m.

But that notion also seems to have morphed into another proposal, this time for all the parties to meet next week for a summit aimed at sorting out a deal once and for all.

The only clarity surrounding the entire situation is that Sheffield Wednesday desperately needs new investment but whether the Sheard option is really the best way forward must now be open to doubt.

my bold, and full article here (http://www.yorkshirepost.co.uk/sheffield-wed/Confusion-and-delay-leave-Owls.4486398.jp)

bored already. i dont care what the papers say, radio stations say, sheard says. only thing i'll listen to is when they announce its finalised or fallen through, other than that i dont care.

Good lad David, i'd want you on my side in times of trouble, bury your head in the sand and hope the problems goes away :)

Don't quote me on this but some of my drinking buddies(wednesdayites)say if this deal doesn't go through or someone else buys the club administration looms.

Is this true??

I heard a quote some time ago from Wednesdayite that didn't say that in as many words, the comment was something like "if there isn't investment in Sheffield Wednesday in the near future Administration is a real possibility".

What with the credit crunch and recession going on i doubt many backers will be coming forward in the near future.

I think the next 18 months are going to be tough times for all of us but for a club that lets face it has a rich history and tradition, does attract decent enough crowds, has a decent enough fan base and has become a big of a sleeping (some may say comatosed) giant in the 21st Century, i can't see them going out of business, however it is only a matter of time before one of the big boys go and the banks are starting to panic.

What with the credit crunch and recession going on i doubt many backers will be coming forward in the near future.



The good news Stockers, is that there is another interested party (apparantly with past Owls history) waiting in the wings, you just need to get rid of GS and his continued lame excuses/bactracking.

The good news Stockers, is that there is another interested party (apparantly with past Owls history) waiting in the wings, you just need to get rid of GS and his continued lame excuses/bactracking.

The guy from Boston United?

Hardly the £250m takeover with £50m a season to spend on player you were all creaming your pants about 8 months ago.

Right i'm off to sort out a stunning page 3 model from Sweden, i told her i had a 10 inch johnson which was a lie but at least i got my 'foot in the door' - good old Geoff eh!!

and theres more..
[I]
Confusion and delay leave Sheffield Wednesday bid open to question


Question marks over takeover


Published Date:
12 September 2008
By Rob Waugh


my bold, and full article here (http://www.yorkshirepost.co.uk/sheffield-wed/Confusion-and-delay-leave-Owls.4486398.jp)


Both articles raise further questions:

Why does Geoff Sheard only want to buy 29.9% of the shares? is it because it will harness his consortium with the 27m debt?

If so then clearly the debt will remain whoever takes over and it is this debt that is holding the club back.

How much does Geoff Sheard really want to put into the club if he get control of the shares?

I think that Wednesdayite are right in saying "put up or shut up" but they claimed that they had seen cast iron guarentees (he'd already put up) in order to recomend to its members to vote to sell. Were those guarantees then not as solid as we were led to believe?

Are the share holders involved and their legal advisors really stupid enough to go this far on just unsubstantiated guarantees on false pieces of paper?

Is Rob Waugh saying that it is all a charade by Geoff Sheard?

If so why go to all the trouble and expence?

What would be his motive for doing so?

Or are these articles (in a L**ds based paper) trying to stir up trouble in order to undermine the whole takeover process?

I'm sure that Mr Bates and the rest of West Yorkshire would love to see this takeover collapse.

Thanks to all the Blunts for the takeover updates, I'd know nothing about all this if it wasn't for them.

There like little news truffles that you've sniffed out. Take it there's no more on the Tevez Saga, your loan signings... oh wait a minute you wouldn't know about that because that's news about your OWN club! :D

Thanks to all the Blunts for the takeover updates, I'd know nothing about all this if it wasn't for them.

There like little news truffles that you've sniffed out. Take it there's no more on the Tevez Saga, your loan signings... oh wait a minute you wouldn't know about that because that's news about your OWN club! :D

LOL! Good work, fella. :hihi:

Must admit, I am sick to the back teeth (although I have got four less than everyone else, thanks to an incident with a table leg) with the specualtion on this.

Personally, my usual boundless enthusiasm has dissipated to be replaced by a feeling of, 'what is this guy playing at?' I do get the feeling Sheard's hands are tied by the whims of these mystery backers, but for the love of Waddle's right boot, let's get an effing answer!

Please. :rant:

I'm too lazy to trawl all the sites for the reason Sheard would plan such a scam. Any coments would be helpful. I obviously realise it must be about money, but how could he make anything when we're in debt?

Thanks to all the Blunts for the takeover updates, I'd know nothing about all this if it wasn't for them.

There like little news truffles that you've sniffed out. Take it there's no more on the Tevez Saga, your loan signings... oh wait a minute you wouldn't know about that because that's news about your OWN club! :D
Be honest Bobforskin, if it was happening to the Blades you'd be piddlin' yer sen.

Did not i say many weeks before this was a dodgy scenario?
I must admit it on one hand makes me chuckle but when it is highlighted by those from up the M1 i want a takeover to go through just to keep them quiet. (As long as you are still behind us of course:))

Thanks to all the Blunts for the takeover updates, I'd know nothing about all this if it wasn't for them.

There like little news truffles that you've sniffed out. Take it there's no more on the Tevez Saga, your loan signings... oh wait a minute you wouldn't know about that because that's news about your OWN club! :D

We only keep up to date with happenings at the sty for the comedy value, as I'm sure your mystery backers will turn out to be the chuckle brothers:hihi:

This would explain all the "to me to you"lies (err i mean stories)what are going on.
I wonder what your shareholders will say when it goes belly up something like"O dear O dear O dear":hihi::hihi:
Stay tuned blades fans for the next installment of the hit comedy "THE STY"coming soon:thumbsup:

We only keep up to date with happenings at the sty for the comedy value, as I'm sure your mystery backers will turn out to be the chuckle brothers:hihi:

This would explain all the "to me to you"lies (err i mean stories)what are going on.
I wonder what your shareholders will say when it goes belly up something like"O dear O dear O dear":hihi::hihi:
Stay tuned blades fans for the next installment of the hit comedy "THE STY"coming soon:thumbsup:

Blimey what a funny, intelligent witty bloke you are.

Be honest Bobforskin, if it was happening to the Blades you'd be piddlin' yer sen.

We have had similar things happen in the past.

Just its your turn now. :)

Although seriously as odd as it sounds Id like Wednesday to be taken over but this guy is not the man to do it. It all seems too dodgy and I am surprised Wednesday have let it drag on this long on without telling him to do one.

As everyone else has said.

This is dragging on far too long.

Even if the news is bad news, i.e. if it isn't going to happen, I just want to know.

This period of uncertainty is no good for SWFC, both on and off the pitch.

We only keep up to date with happenings at the sty for the comedy value, as I'm sure your mystery backers will turn out to be the chuckle brothers:hihi:

This would explain all the "to me to you"lies (err i mean stories)what are going on.
I wonder what your shareholders will say when it goes belly up something like"O dear O dear O dear":hihi::hihi:
Stay tuned blades fans for the next installment of the hit comedy "THE STY"coming soon:thumbsup:You need to get out more you waste of space *******.Trying to be funny is one thing but your attempt is pathetic.Good luck at Derby if you can find it.:thumbsup::thumbsup:

You need to get out more you waste of space *******.Trying to be funny is one thing but your attempt is pathetic.Good luck at Derby if you can find it.:thumbsup::thumbsup:


yep perhaps he should quote some pathetic alcho actors that embarrass them selfs on chat shows eh. :thumbsup:

yep perhaps he should quote some pathetic alcho actors that embarrass them selfs on chat shows eh. :thumbsup:Can you elaborate there .:confused::confused:

Can you elaborate there .:confused::confused:

can i borrow that brick wall stockers.

I feel good James Brown just scored for Hartlepool :banana::banana::banana:
Better than any friday night snogging the birds :hihi:

You need to get out more you waste of space *******.Trying to be funny is one thing but your attempt is pathetic.Good luck at Derby if you can find it.:thumbsup::thumbsup:

:hihi:Bit touchy arnt we,sorry i forgot your that used to been up your own backsides you lost your sense of humour:shakes:

Like some people have already said on here if it was the other way around we would not be able to shut you lot up,Typical armchair Wednesday fan response.:loopy:
I think i can manage to find derby can you manage to take your head out of your a**e.

Can we please try to play nice and keep the insults out of this?

Be honest Bobforskin, if it was happening to the Blades you'd be piddlin' yer sen.

Never seen that take on my username before, reyt original :wow:

Anyway I do piddle myself with things happening at the Lane, especially everytime the words TEVEZ and SAGA have cropped up over the past 18 months :thumbsup:

Never seen that take on my username before, reyt original :wow:

Anyway I do piddle myself with things happening at the Lane, especially everytime the words TEVEZ and SAGA have cropped up over the past 18 months :thumbsup:

Tevez saga? What's all that about, then?

Ha.

Ha, haa!

HAAAA, HAAAA, HAAAAA! HAAAA! HAAAAAA! 'Give us some money Premier League, please let us stay. We know we don't deserve it for being a big porky mess but we can't face the Owls taking 4 points off us next season. What? Who's that?? Bryan Robson?! NOOOOOOOOO! GOD NO! AGHHHH!'

Hoooo, hoooo!

Great days. :thumbsup:

This period of uncertainty is no good for SWFC, both on and off the pitch.You say that but your current league position says different!

'Give us some money football League, please let us stay. We know we don't deserve it for being a big porky mess AGHHHH!'

Hoooo, hoooo!

Great days. :thumbsup:


fargate rattling tins. :hihi::hihi::

players jailed :hihi::hihi::hihi:

boycott egotisticle wife beater :hihi::hihi::

To be honest,

After all this time with Sheard, I'd refuse him the opportunity to take over. If he is this bad at a takeover, imagine the state the club may well get into if a takeover was actually concluded.

We have had similar things happen in the past.

Just its your turn now. :)
Although seriously as odd as it sounds Id like Wednesday to be taken over but this guy is not the man to do it. It all seems too dodgy and I am surprised Wednesday have let it drag on this long on without telling him to do one.

spot on fella some of us take it on the chin and wait til the tide turns
like last weekend its our turn to rib you lot for a bit :D

To be honest,

After all this time with Sheard, I'd refuse him the opportunity to take over. If he is this bad at a takeover, imagine the state the club may well get into if a takeover was actually concluded.

Probably take him a year to complete one signing.

Id certainly refuse the guy but can Wednesday afford to refuse even there is still a small chance of this still going ahead?

I'm certainly getting to the point where I'm questioning whether or not I'd want him in full charge of the Owls. So many false promises, so many passed deadlines. It doesn't look good for a supposed future chairman and certainly doesn't inspire confidence.

The way I feel at the moment I'd be happier if it fell through. :(

You say that but your current league position says different!

Some may be shouting it from the rooftops, but I'm being realistic to say that we're only 5 games in!

it seems the players arent letting it get to them, for the moment anyway but it is only 5 games like igm says, see how things lie in 15-20 games

Wednesday is D-Day for Owls

according to the YP.

Maybe it will be finally over.

http://www.yorkshirepost.co.uk/football/Wednesday-is-DDay-for-Owls.4494141.jp

Wednesday is D-Day for Owls

according to the YP.

Maybe it will be finally over.

http://www.yorkshirepost.co.uk/football/Wednesday-is-DDay-for-Owls.4494141.jp

As with anything on this takeover, I'll believe it when I see it

fargate rattling tins. :hihi::hihi::

players jailed :hihi::hihi::hihi:

boycott egotisticle wife beater :hihi::hihi::

Before my time BB, ergo it never...happened.

Wednesday is D-Day for Owls

according to the YP.

Maybe it will be finally over.

http://www.yorkshirepost.co.uk/football/Wednesday-is-DDay-for-Owls.4494141.jp

So was Wednesday July the 1st, or are we still waiting for July 1st? :hihi:

If i could be bothered to go back and find all of them posts from people on here saying that the blades time was over and wednesday were going for europe again i would.

You know who you are.

Still not heard anything from the boardroom- this is very strange, its like there pretending the fans don't exist.

I must admit that I'm prepared for the, "breakdown of talks / irreconcilable differences" announcement. There's been a distinct lack of progress, even allowing for the difficulties of buying from 4 or 5 different shareholders. It's beginning to smell a bit iffy.
Let's see if there's a middle east multi billionaire with more money than sense out there. Or a kebab shop that's making a profit. I'd have thought that there may be others keeping an eye on this.

fargate rattling tins. :hihi::hihi::

players jailed :hihi::hihi::hihi:

boycott egotisticle wife beater :hihi::hihi::

was just wondering how much of that tin rattling ended up in the clubs coffers,or was it swallowed in the daizy,and has for having a gamble on the footy,dont we do that every weekend,they tried but failed.....can't fault em for that.....to pay is to fail....happy days..

Anyone been following the numerous takeover threads on one of the SWFC forums, especially the contributions by a certain "billsaja" (not Owlstalk - he/they were banned a while ago). Remarkable reading and he/they are either spot on with what's happening or are highly likely to be sued for libel :o

Simonj,

I read through some of his posting when he was on Owlstalk. They were pretty wild accusations about it all being a hoax and he offered nothing concrete as evidence.

The main question I would ask is, what would Geoff Sheard have to gain from dragging this along- only for at the end for it all to be a big joke?

Rumours on the internet/news about the takeover are not worth reading. If it happens then it happens, and I won't believe anything till it's official- whether these stories are saying it's called off or that it's completed in the coming weeks/months/years.

Simonj,

I read through some of his posting when he was on Owlstalk. They were pretty wild accusations about it all being a hoax and he offered nothing concrete as evidence.

The main question I would ask is, what would Geoff Sheard have to gain from dragging this along- only for at the end for it all to be a big joke?

Rumours on the internet/news about the takeover are not worth reading. If it happens then it happens, and I won't believe anything till it's official- whether these stories are saying it's called off or that it's completed in the coming weeks/months/years.Dont actually remember seeing any official datewhen the takeover was going thro to be honest.The papers talk ******** but the actuall legal side takes longer.God were wed for god sakes, skint, struggling in the lg,:thumbsup:, and going no where.Give it time owls fans.:)

Simonj,

I read through some of his posting when he was on Owlstalk. They were pretty wild accusations about it all being a hoax and he offered nothing concrete as evidence.

The main question I would ask is, what would Geoff Sheard have to gain from dragging this along- only for at the end for it all to be a big joke?

Rumours on the internet/news about the takeover are not worth reading. If it happens then it happens, and I won't believe anything till it's official- whether these stories are saying it's called off or that it's completed in the coming weeks/months/years.

Since being banned on Owlstalk they (having revealed that "billsaja" was actually 4 different people) have continued posting some remarkable and potentially libellious (sp?) allegations against Geoff Sheard on another forum. They appear to have hinted at an alternate takeover attempt sometime in October by unnamed US investors fronted by someone who was well respected at SWFC. That has led to some posters doing the 2+2=5 and coming up with John Harkes :huh:

I for one will only believe it when I see it. Nothing I've read anywhere so far has me nailing my colours to any mast :|

Don't worry chaps, the end is nigh!

http://www.yorkshirepost.co.uk/sheffield-wed/Stumbling-block-in-takeover-talks.4509359.jp

Surely hillsboro will issue a statement sometime today!!??!

Exactly:thumbsup:

Simonj,



The main question I would ask is, what would Geoff Sheard have to gain from dragging this along- only for at the end for it all to be a big joke?



Exactly:thumbsup:

SHEFFIELD Wednesday director Geoff Hulley today broke the boardroom silence as doubts multiplied over Geoff Sheard's hopes of buying the club.
He refered to 'unfulfilled' promises during the protracted eight month saga. And it has emerged that a planned meeting this week between Sheard and the selling parties - Hulley, former board member Keith Addy and ex-chairman Dave Allen - did not take place.

The Lancashire businessman had talked last weekend of getting the parties together, but Hulley told the Telegraph there had been "no contact" from Sheard. He said: "I don't know about the others but I've not heard anything from him."

In answer to a question about whether he expected the deal to go through, Hulley added: "I've got to express reservations. It's gone on so long and statements have been made that have not been fulfilled.
"At the end of the day we've got to have investment in Sheffield Wednesday. Mr. Sheard has made promises and statements. . . we're in limbo."

But the club is at least a unified force at last after a ceremonial burying of the hatchet between the board and fan group Wednesdayite, who - along with Allen, Hulley and Addy - still hold a 10% stake in the club after the non-completion of separate deals agreed over a month ago to sell their shares.

Manager Brian Laws welcomed the ceasefire, saying: "It's an important move for the club. You need togetherness, you can't have different factions. That causes chaos. We're still looking for investment and it's important everyone pulls together for the common aim."

Laws is staying non-commital on the Sheard affair. It seems logical that the would-be chairman would not have hung around this long if he did not have a genuine desire to take charge and a belief in his mystery backers. But the continuing delay is fuelling speculation that he has either been misled or that the credit crunch has squeezed the deal, leaving him playing for time.

The Owls boss did say: "From the inside I see a lot of people working extremely hard to make things happen."

He will expect no less from his players against Ipswich tomorrow but is treating the midweek debacle at Reading - a crushing 6-0 defeat - as a one-off. Certainly it might be the last time Wednesday travel such a distance on the day of the match with Laws - who accepts "finances dictate" - saying: "Maybe we've got to look at it again."

But neither the motorway delays nor the result have stretched his patience. "It's a time for staying calm," he said.

"Let's not panic yet. There's no need to. We're up eight points on this time last year and I have lots of belief in my players. They are honest and I think they will show that on Saturday."

Meanwhile, Laws is celebrating his longevity in the Owls hotseat - two years in November - rather than fretting over it being his last season on contract. "I'm very privileged and proud to have sustained that length, especially with the club's history of changing managers like socks. Stability is important.

"You put contracts to the back of your mind. The off-field situation affects everybody, you have to sit tight and wait. But as long as I'm doing my job I'm sure it will sort itself out in the end."

Wednesday have secured Middlesbrough right back Tony McMahon for an extra month on loan.

The end to hostilities between the club and Wednesdayite is an Allelujah moment in Hillsborough's recent history. And it is too important - and necessary - to be viewed as a matter of mutual convenience.

The long overdue line-drawing under a bitter episode that has damaged the club will be welcomed by everyone as the beginning of a harmonious relationship at a time when crowds - not without coincidence perhaps - have slipped to 17,000.

But you suspect there is much common ground between the two reconciliated parties on the takeover issue, even if it wasn't formally discussed in midweek.

I doubt whether anyone at the club - or any former director, for that matter - would quibble with Darryl Keys' take on the saga.

A fortnight on from the Telegraph's "put up or shut up" editorial challenge to Sheard, the Wednesdayite chairman has crystallized a common view with this comment: "Geoff knows the ball is in his court and while it drags on there will be criticism and doubt. The only way to get the monkey off his back is to get the deal done. If he can't do the deal - and I don't say this aggressively - then we have to move on."

It is hard to imagine some sort of exit strategy isn't bubbling below the surface. The Telegraph understands the search for investment is continuing, which is revealing in itself. Certainly, it suggests no great confidence that Sheard and his mystery backers will deliver.

http://www.sheffieldtelegraph.co.uk/sport/Hulley-breaks-silence.4508746.jp

I personally don't doubt that GS wants this all completed as quick as possible, why else would he stick around this long if he wasn't going to gain anything at the end of it. Unfortunately the main doubt I have is his ability to finish the deal. I don't think it'll happen because he isn't the man for the job and he's proving it by making it all last this long, setting deadlines and then missing them and generally mucking us all around. :(

I personally don't doubt that GS wants this all completed as quick as possible, why else would he stick around this long if he wasn't going to gain anything at the end of it. Unfortunately the main doubt I have is his ability to finish the deal. I don't think it'll happen because he isn't the man for the job and he's proving it by making it all last this long, setting deadlines and then missing them and generally mucking us all around. :(

Why would someone do this, why did Michael Knighton pretend he was buying Man U and go on the pitch at OT doing kick ups, who knows, publicity, a chance to get his name in the papers, who knows.

Sheard has run a few shops for Preston selling football kits he produced, one burnt down, and the other two went bust....not the sort of fella you'd want incharge of your club!!

What gets me is Sheard keeps turning up at matches, Reading the other night he was there, how does he do it, how many people is he conning?

Wednesday fans want to believe something is happening and Sheard is stringing them along with false promises, not great if you're a Wednesday fan but p**s funny if you're a Blade.....£250m takeover and £50m a year, i got it all from my Pig fan mates, funny that i've not heard from them in a while!!

is he stringing owls fans along though. ok he has set dates and it hasnt happened but this talk of £250 million, did sheard actually say this or is it you blunts(and some owls) believing everything the papers say? i thought it was only reported in the papers and i for one dont believe much the papers say. i dont believe sheard is stringing us along but i have put the takeover to the back of my mind

I just hope that if a takeover does go through, GS learns to do the job pretty quickly. On national radio, loads of people who are in charge at some other clubs have said that aquiring a club is easy, but running one is nigh on impossible. Hence the Mike Ashley debacle at Newcastle amongst others.
Having a large influx of cash in to the club would be great, but to find ourselves with egg on our faces 3 years down the line would be unbearable.
After saying that, I believe that the club cannot be run any worse than it has been for the last 10 years?
GS denied all newspaper allegations tonight on RS, but I must admit, things still look a mite 'dodgy'.

'tis friday, so more digging in the Yorkshire Post:


"String of debts for Sheffield Wednesday takeover backer

Published Date: 26 September 2008
By Rob Waugh
EXCLUSIVE: The man behind the proposed takeover of Sheffield Wednesday has been chased for a string of debts through the courts at the same time as negotiating a multi-million pound deal with the club and its major shareholders, it can be revealed today.

Last week the Yorkshire Post exposed the involvement of a convicted money launderer in Geoff Sheard's takeover approach and it has now emerged that the Lancashire-based businessman has a series of charges on his home for debts running into hundreds of thousands of pounds.

Earlier this year a High Street bank obtained a county court judgment against him for £107,000 but that was only the most recent of a long line of claims for debts against Mr Sheard.

Manchester County Court issued the judgment against Mr Sheard in March, two months after he first provided a letter of proof of funding to the club which was produced by convicted money launderer Richard Frank Downes. The action was brought by National Westminster Bank which provided the money for Mr Sheard's mortgage at his house in Caton, near Lancaster. The bank followed up the initial judgement by obtaining a charge on his house in June.

However, the debt trail goes back three years with a string of judgments at county courts across the country.

Car finance company Lombard Vehicle Management secured a charge on Mr Sheard's house at Birmingham County Court in December 2005.

The following February, debt collection agency CL Finance, based in Batley, secured a charge at Keighley County Court.

In August 2006, Volkswagen Financial Services obtained an order at Lancaster County Court and three months later law firm Chadwick Lawrence did the same at Huddersfield County Court.

In March last year HFC Bank secured a charging order at Lancaster County Court and in March this year TV installation company JB Aerial Services did likewise at the same court.

Mr Sheard – who wants to become Wednesday's new chairman – last night insisted the debts had no bearing on the takeover attempt because he is only fronting the proposed deal and not funding it. He again declined to say who the investors are.

Asked specifically about the NatWest debt, he said: "It's getting paid off – I think it will be off the record by this time next week."

He denied the debt was related to non-payment of a mortgage and declined to discuss what is happening with the property. Mr Sheard recently moved to a rented barn house nearby.

He added: "This is ridiculous – I'm not buying Sheffield Wednesday, I haven't got the money to do it.

"Of course (the debt) is important to me and that it's resolved but I'm not doing the purchasing of the football club."

On the overall string of debts, he said: "They are personal things – it's my personal business." He declined to comment further other than to insist he remained committed to the takeover plan.

Sheffield Wednesday declined to comment last night although it is understood that Mr Sheard's previous unrestricted access to the directors' box for matches at Hillsborough may now be under review. The protracted attempt to take control of Wednesday has become mired in controversy since it emerged that Mr Sheard's initial proof of funding was from an offshore bank in Dominica – the Private Capital Bank (PCB) – which is not operational. Although the letter stated 100m euros was available for investment, the bank has no money in it and no account holders.

It was then revealed that the letter – in the name of a Richard Francis – had actually been produced by Richard Frank Downes, sentenced to 33 months in a US prison in 2002 for conspiring to launder money through a different Dominican offshore bank.

The PCB has said Downes is not an official of the bank and does not represent the bank in any way. Mr Sheard has previously said he did not know about Downes' conviction and that he has no association with either him or the PCB.

He said the bank letter was only a means to get "a foot in the door" to begin negotiations with the club."

oh dear, is Geoff, Chairmain material ?? :confused:

here's the YP link (http://www.yorkshirepost.co.uk/sport/String-of-debts-for-Sheffield.4531470.jp)

my lord,he makes allen sound like a saint!

The longer this thing goes on the thinner things are starting to look.

I don't believe what has been published in the Yorkshire Post, anyone can dig the dirt on anyone who's been around in business for a while.

Remember that Geoff Sheard is fronting/negotiating on behalf of a consortium, admittedly who's identity remains a mystery, presumably those dealing with Geoff Sheard will have an idea who these people are and knowing Mr Allen's record he only deals in business at a high level.

I have to say that I am now becoming a bit sceptical and I don't think that the deal will be concluded.

I think that the meeting by the existing shareholders the other week was more like damage limitation for when the deal finally collapses.

Sounds more dodgy day by day this.

I say ditch the guy and look for investment elsewhere.

Sounds more dodgy day by day this.

I say ditch the guy and look for investment elsewhere.

I think I agree. The guy doesn't appear to be doing anything to advance the situation. Various shareholders have agreed the sale, Wednesdayite have agreed the sale, so where's the cash. I think it's about time to put up or shut up.
SHOW ME THE MONEY.

I know everyone's sick of the takeover saga and not wishing to add to any speculation in the press this morning but I hope the blokes in the directors box last night were these three:

Mr. B. Muthuraman
Dr. Tridibesh Mukherjee
Mr. Arun Singh

Ooops, forgot to add, they own Tata Steel.

I know everyone's sick of the takeover saga and not wishing to add to any speculation in the press this morning but I hope the blokes in the directors box last night were these three:

Mr. B. Muthuraman
Dr. Tridibesh Mukherjee
Mr. Arun Singh

hahaha!! Have you just picked three random Indian blokes with a bit of money?

That would make a change, then.

Tata to fund Owls, as opposed to tata to Owls' funds.

I know everyone's sick of the takeover saga and not wishing to add to any speculation in the press this morning but I hope the blokes in the directors box last night were these three:

Mr. B. Muthuraman
Dr. Tridibesh Mukherjee
Mr. Arun Singh

Mr. B. Muthuramen (http://www.tatasteel.com/Company/images/b_mathuraman.jpg)

Dr. Tridibesh Mukherjee (http://www.tatasteel.com/newsroom/images/t-mukherjee.jpg)


Who is who then Pegasus?

? (http://www.thestar.co.uk/sportheadlines/Fresh-faces-bring-new-twist.4544696.jp)

ive just been told one of em is a doctor from stocksbridge:hihi:

Good looking bunch, aren't they?

I had an Indian Doctor from Stocksbridge look round my old house when t'was up for sale. Proper pain in the arse he was too & his effing little child, merrily looked me and the ex in the face whilst kicking mud into our cream carpet.

Up the Owls. :mad:

Mr. B. Muthuramen (http://www.tatasteel.com/Company/images/b_mathuraman.jpg)

Dr. Tridibesh Mukherjee (http://www.tatasteel.com/newsroom/images/t-mukherjee.jpg)


Who is who then Pegasus?

? (http://www.thestar.co.uk/sportheadlines/Fresh-faces-bring-new-twist.4544696.jp)

Well according to Wiki:

B. Muthuraman is the Managing Director of the company. Dr. Tridibesh Mukherjee and Mr. Arun Singh are Deputy Managing Directors of the company.

I forgot to mention; Ratan Tata is the Chairman and presumably the owner.

Obviously this is pure seculation they could of course all be Doctors from Stocksbridge?

And they wouldn't want to reveal themselves hence the the false hair glasses etc. They'd just want to look like regular Indian blokes in the directors box.

Radio Sheffield read out a statement last night from SWFC stating categorically that the 3 gentlemen were "300%" not involved with any takeover bid @ SWFC. Back to Billy Liar then.

if the Indians are interested it wont be a takeover , it will be a takeaway.

might be after the contract for the catering,wouldn't mind a bovril and balti at half time

Obviously this is pure seculation they could of course all be Doctors from Stocksbridge?


How many times, i can 100% confirm it was a Dr from Deepcar Medical Centre and his 2 brothers from Indian.

They got a few freebies for the match on Tuesday evening.

Sorry but nothing to do with any rich Indian Metal company!

Obviously this is pure seculation they could of course all be Doctors from Stocksbridge?

..and I bet they're all having a good laugh at you all if they're reading this. :hihi:

..and I bet they're all having a good laugh at you all if they're reading this. :hihi:

Only at Wednesday!!! :hihi:

They go to their first ever football match and get snapped as potential buyers, you've got to laugh at the willingness to accept the story in some quarters :loopy:

Only at Wednesday!!! :hihi:

They go to their first ever football match and get snapped as potential buyers, you've got to laugh at the willingness to accept the story in some quarters :loopy:

As far as I can see no one accepted this as a legit story. All the posts have mocked it as another non story. No wonder The Star is going down the pan!

They go to their first ever football match and get snapped as potential buyers, you've got to laugh at the willingness to accept the story in some quarters :loopy:

Erm....

Ever thought that not every single Wednesday fan believes a large majority of these stories?

Erm....

Ever thought that not every single Wednesday fan believes a large majority of these stories?

Why not ? They seem to believe an awful lot of negative stories when it concerns the Blades.
Or are they just blowing smoke ?

Erm....

Ever thought that not every single Wednesday fan believes a large majority of these stories?

:hihi::hihi::hihi: Well it appears that some people saw the funny side and others fell for it ground bait an all.

Can't wait to see who's in the derectors' box at the next home game?

Looks like this sheard deal is dead in the water then at the minute- SWFC have banned him from the directors box until he comes up with genuine proof of funds to take over the club!! Plus wednesdayite are trying to talk other people to take over the club.


Im sorry but what an absolute shambles.

with the credit crunch at the moment , I think sheard raising the funds is highly unlikely .

Nothing to do with the credit crunch. Everything to do with Sheard.

Im sorry but what an absolute shambles.

There's nothing to be sorry for and couldn't agree more.

Wednesdayite and the club Directors, I presume, are now scraping full English Breakfast of their faces.

it is a shambles but surely only on sheard. wednesday board and wednesddayite agreed to sell ages ago, its only sheard thats holding up the deal from what i can tell. dont think wednesday as a club have much to be embarrased about, just sheard

i could be wrong on that its just how it looks from what i've heard

it is a shambles but surely only on sheard. wednesday board and wednesddayite agreed to sell ages ago, its only sheard thats holding up the deal from what i can tell. dont think wednesday as a club have much to be embarrased about, just sheard

Don't think that anyone on the Wednesday side of things should be embarrassed, they have been showing good faith all along.
If things do go belly up with Sheard it shows that he's a common con-man and you can't bargain with one of those. :suspect:

Some interesting news just posted on the WoW blog page:


"Sheffield Wednesday Football club will be taken over in 7 days by the brother of the founder of the IPL 20/20 cricket league, in what is a family rivalry (the brothers no longer to speak to each other after falling out following the sale of there fathers business) while WoW is not allowed to NAME the person involved, we CAN confirm that due dilligence process has been undertaken, and subject to no surprises, the deal will be confirmed within 7 days of Tuesday 7th October we also confirm that this is a SINGLE buyer rather than a consortium. Sheffield Wednesday investment managers, DELOITTE and TOUCHE will confirm the above statement within 72 hours. We shall post further details over the next 24 hours."

http://www.ipernity.com/blog/world-wednesday/98171



The people involved are rumoured to be the feuding Ambani brothers:

http://www.timesonline.co.uk/tol/news/world/asia/article4826534.ece



Indians instead of Cowboys?

As said about the Sheard rumours from start to finish, I'll believe it when it happens. :)

Some interesting news just posted on the WoW blog page:


"Sheffield Wednesday Football club will be taken over in 7 days by the brother of the founder of the IPL 20/20 cricket league, in what is a family rivalry (the brothers no longer to speak to each other after falling out following the sale of there fathers business) while WoW is not allowed to NAME the person involved, we CAN confirm that due dilligence process has been undertaken, and subject to no surprises, the deal will be confirmed within 7 days of Tuesday 7th October we also confirm that this is a SINGLE buyer rather than a consortium. Sheffield Wednesday investment managers, DELOITTE and TOUCHE will confirm the above statement within 72 hours. We shall post further details over the next 24 hours."

http://www.ipernity.com/blog/world-wednesday/98171



The people involved are rumoured to be the feuding Ambani brothers:

http://www.timesonline.co.uk/tol/news/world/asia/article4826534.ece



Indians instead of Cowboys?

Once again another non story, nice of a Blunt to keep their finger on the pulse of the Wednesday takeover though. I thought you would be more interested in the fact that he might be the one footing the bill for your whinging!

Anil Ambani looks to buy West Ham (http://www.mirror.co.uk/sport/football/west-ham-united/2008/10/05/billionaire-anil-ambani-looks-to-buy-west-ham-115875-20775969/)

Anil Ambani, the Indian billionaire looking to buy a Premier League club, has shortlisted Tottenham and West Ham.

Ambani, the sixth richest man in the world with an estimated fortune of £20billion, has been linked to a host of Premier League clubs including Newcastle, Liverpool and Everton.

But he flew into Heathrow on Wednesday with the specific intent of making a move for a capital club.

It looks likely that he will switch his attention to the troubled Hammers rather than become embroiled in lengthy financial negotiations to purchase Tottenham.

Ambani, 49 (above), has been told the Hammers could be purchased for £150million, some £350m less than he would be asked to find to take control at Tottenham.

our compo looks safe then .

looks like thats anther deadline missed!! :hihi: