Sheffield Wednesday have been linked with numerous takeover bids and talks of investment for the past year and more only for such bids to break down. It seems that the latest talks may lead to something fruitful on this front and the Owls could well be on the verge of a new dawn.
The club have not confirmed that any deal is close to completion or who is involved, however, it has been reported that an international consortium fronted by Lancashire businessman Geoff Sheard is close to finalising a deal that is believed to be in the region of £50M. Such a move could wipe out the £20M+ debt that has hampered the club in recent years and also make a considerable amount of money available to strengthen the team.
Former Owls Chairman Dave Allen has agreed to sell he shares which amount to around 11% on the proviso that supporters group Wednesdayite sell their 10% stake in the club. The group are expecting a formal offer some time this week and are hopeful of a positive outcome having recently had informal discussions related to the proposal.