heres a few exerps from the stock exchange announcment
Shareholders will be asked to approve the sale of the Club to UKFI at an Extraordinary General Meeting, which will take place on 14th December 2010. Further details of this meeting will be sent to shareholders directly.
The Board can confirm that it has already received irrevocable undertakings from 43.6% of the company's shareholders to vote in favour of the deal.
In his dealings with the Board Mr Milan Mandaric has also made clear his intention to invest in all aspects of the Club, and that his aim is to see Sheffield Wednesday once again be a force in English football.
"I give the supporters and everybody who cares for this club, an assurance that if shareholders vote in favour of this deal, then I will do everything in my power, working with Howard, Nick and Alan Irvine to again make Sheffield Wednesday a real force in English football."