Billy B   10 #1 Posted March 9, 2009 This is taken from this mornings Yorkshire Post think that the Wednesday Dream may be over  THE former chairman of Sheffield Wednesday has poured scorn on the proposed multi-million pound takeover of the Owls and bluntly stated he will not accept the current offer to buy out his interest in the club. Dave Allen told the Yorkshire Post he would only accept a full repayment of his loans in the club and also said he did not believe new chairman Lee Strafford had secured the planned investment to revitalise Wednesday.  Allen, who is owed over £2m in outstanding loans and interest payments, said: "There is no way they have done a deal with me. As far as I'm concerned there is no deal being done.  "They are wanting everybody to take a hit on the loans. As far as I'm concerned it's a debt that has got to be honoured in full."  The former chairman said the cut he had been asked to take was around a third of the full amount.  Allen's stance could derail the planned takeover which has already secured an outline agreement with the club's bank which involves the Co-op Bank foregoing around half of the £21m it is owed.  Announcing that deal, Wednesday said the arrangement was "inter-conditional" on investment being delivered and agreements with loanees, like Allen, being in place.  Strafford set a deadline of March 31 to secure the new investment package but the necessary extraordinary general meeting (EGM) of shareholders needed to complete the takeover, which takes three weeks to arrange, would have to be called by tomorrow to meet the original target date.  But Allen does not believe funding is in place. He said significant investment would mean that paying off his relatively small loans, in full, would not be a problem. Share this post Link to post Share on other sites Share this content via...
scottf   21 #2 Posted March 9, 2009 Its not like its a suprise is it, straffords wrong move since he took over was giving this deal a 'deadline' as its put him and everyone involved at this deal under pressure- and it looks like this isn't going to happen now.  Just another case of broken promises again by a wednesday chairman. Share this post Link to post Share on other sites Share this content via...
alex3659 Â Â 11 #3 Posted March 9, 2009 said from the start, it was a smokescreen to humour the fans. just pulicity stunts, not a penny has been invested. Share this post Link to post Share on other sites Share this content via...
MR BENN Â Â 10 #4 Posted March 9, 2009 its no surprise that vindictive man Dave Allen has said this ,after all this is the man who tried to sue a fan who has cancer . that tells you everything about him. Share this post Link to post Share on other sites Share this content via...
bladesufc1 Â Â 10 #5 Posted March 9, 2009 1st of July i've heard this morning Share this post Link to post Share on other sites Share this content via...
scottf   21 #6 Posted March 9, 2009 i wonder if on april the first then strafford is going to come out and just say "APRIL FOOLS!!!!" Share this post Link to post Share on other sites Share this content via...
PapaLazarou   731 #7 Posted March 9, 2009 Thing is, who would you put your money on to be telling the truth. Who is most likely to tell it how it REALLY is? Allen or Strafford? Share this post Link to post Share on other sites Share this content via...
daftlad   11 #8 Posted March 9, 2009 1st of July i've heard this morning    1st of never I heard:hihi::hihi: Share this post Link to post Share on other sites Share this content via...
scottf   21 #9 Posted March 9, 2009 Thing is, who would you put your money on to be telling the truth. Who is most likely to tell it how it REALLY is? Allen or Strafford?   Neither- if you trust a football chairman then more fool you! Share this post Link to post Share on other sites Share this content via...
swervin   10 #10 Posted March 9, 2009 What Dave Allen wants is his money back cant blame him for that. I know if it was my money i'd want it back in full not half of it. Share this post Link to post Share on other sites Share this content via...
MR BENN Â Â 10 #11 Posted March 9, 2009 Neither- if you trust a football chairman then more fool you! Â but Allen has shown himself to be a vindictive man with the business about sueing the fans. he has an axe to grind . he is just making himself and his other business`s very unpopular with comments like this Share this post Link to post Share on other sites Share this content via...
crookesey   586 #12 Posted March 9, 2009 1st of July i've heard this morning  Yes I'm sure that you would be the first to know. Share this post Link to post Share on other sites Share this content via...