Sheffield Wednesday held their annual general meeting on Wednesday evening, at which it was announced that the club are the early stages of discussions regarding a fresh takeover deal.
Finance director Bob Grierson read an official statement regarding how the club have stepped up their search for investment in the past three months and described this latest offer as potentially one of the best the club have had. Although matters are not yet at an advanced stage the bid is serious enough to have informed and included the clubs main creditors-The Co-operative Bank- in the initial discussions.
The club also confirmed that they had an open door policy with regards to the Geoff Sheard consortium bid and were open to formally assess what was on offer but Sheard has to date not come forward to them with anything concrete.
With the club perhaps keen to avoid the farce that the Sheard bid descended into- nearly a year of speculation with very little in terms of anything solid to develop on-they announced that a deadline of 31/03/2009 has been set in the hope that a deal can be struck by then with this latest consortium.
The new bid is said to be from a consortium of four main backers although it has not been disclosed as to where they are based.