CHAIRBOY Posted January 4, 2007 Share Posted January 4, 2007 Thursday, 4 January 2006, 14:00 GMT Take-over for Owls? "Sheffield Wednesday is attracting interest from a multi-millionaire businessman who wants to buy the club. Wednesday Chairman Dave Allen has told us he's due for talks later this month with a Chinese casino owner who he describes as a "multi multi millionaire." The meeting between the pair will take place in a fortnight in London where they'll begin discussions about a possible take-over. Allen has previously stated that potential investors would need around £25 million to buy the club and would need a 51% stake in order to assume complete control but the scattering of the club's shares has so far been a stumbling block. Between them the board have 30%, with fans' group Wednesdayite holding 10%. But they've so far rejected Allen's offer to buy them back." - BBC Sheffield Link to comment Share on other sites More sharing options...
matsalleh Posted January 4, 2007 Share Posted January 4, 2007 This was mentioned on Look Leeds ,by the orange bird. I hope it is true and he pours loadsa dosh into the club. Link to comment Share on other sites More sharing options...
Ginner Posted January 4, 2007 Share Posted January 4, 2007 ...mentioned on Look Leeds ,by the orange bird... Class. Would anyone commit to pumping millions of £ into a club with only a 40% shareholding (assuming 'Wednesdayite' sell their 10%)? What's the nature of the remaining 60%? Is it, as I have always been led to believe, scattered amongst multiple shareholders and therefore difficult to amalgamate? And if so, how likely is an Abramovich style takeover? Link to comment Share on other sites More sharing options...
Grandad.Malky Posted January 4, 2007 Share Posted January 4, 2007 I like the bit where it says they are talking to somebody who wants a club for a hobby, what’s he going to do when he gets bored of his hobby. :hihi: Link to comment Share on other sites More sharing options...
CHAIRBOY Posted January 4, 2007 Author Share Posted January 4, 2007 The 85p each, price negotiated by 'Mester' Richards would be tasty? I'd given up hope but now there's a Chinese lantern! Link to comment Share on other sites More sharing options...
Heyesey Posted January 4, 2007 Share Posted January 4, 2007 I like the bit where it says they are talking to somebody who wants a club for a hobby, what’s he going to do when he gets bored of his hobby. :hihi: We've yet to find out what will happen if and when Abramovich gets bored of football ... something tells me that all this money he "gave" to the club will turn out to be repayable, if he should ever decide to bugger off. Link to comment Share on other sites More sharing options...
Paulmat Posted January 5, 2007 Share Posted January 5, 2007 Class. Would anyone commit to pumping millions of £ into a club with only a 40% shareholding (assuming 'Wednesdayite' sell their 10%)? What's the nature of the remaining 60%? Is it, as I have always been led to believe, scattered amongst multiple shareholders and therefore difficult to amalgamate? And if so, how likely is an Abramovich style takeover? I think the managers have actually got 50% of the shares in total, which if wednesdayites 10%, assuming the sell, make 60%. But this still doesn't seem like a huge amount. I guess we'll just have to wait and see. Link to comment Share on other sites More sharing options...
NEKRO138 Posted January 5, 2007 Share Posted January 5, 2007 Someone should invest in Wednesday. We're a better investment than Reading or Wigan. Link to comment Share on other sites More sharing options...
BasilRathbon Posted January 5, 2007 Share Posted January 5, 2007 A rich investor may seem like a great idea, but ultimately it means your club selling its soul to be a rich man's plaything, and when he gets bored or runs out of money, you've had it. Link to comment Share on other sites More sharing options...
bladesufc1 Posted January 5, 2007 Share Posted January 5, 2007 Someone should invest in Wednesday. We're a better investment than Reading or Wigan. You’re not though are you!! Not saying that cos I’m a blade but Wigan and Reading have FAR more potential than Wednesday!! Training grounds for starters, and a very very well establish youth teams and academy.. it ok them putting paying off 80% of your debts but you need route foundations to even start thinking about premiership or playoffs Link to comment Share on other sites More sharing options...
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