After months, nay, years of false dawns, speculation and rumours it seems that today credible, official news of significant investment in Sheffield Wednesday has finally come to light. Apologies from owls-mad for being a little delayed I covering this story but given what has gone on in the past it has taken a bit of time to come to terms with the fact that this may well be the real deal at last.
The news that an unnamed investor has pledged an initial £2M up front to cover ongoing cash flow issues has been confirmed on the clubs’ official website, www.swfc.co.uk
Talks and legalities regarding continued investment in the club and the shape that any such deal would take are now at an advanced stage and shareholders will be updated on developments in due course.
A spokesperson for the investor commented that “our initial payment is being made to allow for the investment process to conclude without the distracting fear of administration.”
Owls chairman Howard Wilkinson revealed his delight at making progress with a committed investor and on the subject of capital being provided up front to ease matters in the short term he stated, “Such a step reassures us with regard to the intentions of the investor, while we have also been impressed by the way they have steadfastly remained committed to the investment process.”
Whilst there is obviously still some work to be done to secure and confirm the details of a long term deal this is the clearest indication yet that the ongoing saga of investment in Sheffield Wednesday Football Club could soon be coming to an end. It has not been revealed exactly how much the investors are planning to put in but the fact that funds are set to come into a club that has been on the verge of administraton recently has to be regarded as a major positive. Wednesday supporters have been taunted by fans of their local rivals with jibes such as ‘is it today dad?’ Finally the time may have come to answer that taunt with a ‘yes!’