BIG D Posted April 25, 2010 Share Posted April 25, 2010 http://www.mirrorfootball.co.uk/news/Sheffield-Wednesday-takeover-set-to-be-sealed-article404371.html Sheffield Wednesday’s £20million takeover by Chicago-based investment company Club 9 Sports is set to be sealed within the next few weeks.The Americans had stalled on doing the deal until the summer when they would know what division the Owls will be competing in next season. But now they have made it clear that they want to finalise “in the coming weeks” — irrespective of whether Wednesday stay in the Championship or drop down to League One. Club 9, who have now made moves towards completing legal formalities, will provide £10m to cut the Yorkshire outfit’s £26m debt and hand manager Alan Irvine £10m for team strengthening. Link to comment Share on other sites More sharing options...
Guest mrbluesky Posted April 25, 2010 Share Posted April 25, 2010 http://www.mirrorfoo...icle404371.html the only thing sealed is our fate Link to comment Share on other sites More sharing options...
Glaser Posted April 25, 2010 Share Posted April 25, 2010 the only thing sealed is our fate and that there will be another excuse as to why the above did not happen Link to comment Share on other sites More sharing options...
pgmetcalf Posted April 25, 2010 Share Posted April 25, 2010 Thought it was investment and not a takeover? Link to comment Share on other sites More sharing options...
Tea Baggins Posted April 25, 2010 Share Posted April 25, 2010 Would be nice, but will believe it when I see it! I wonder what AI would do with 10 million???? Link to comment Share on other sites More sharing options...
Guest Blue&WhiteBen Posted April 25, 2010 Share Posted April 25, 2010 Thought it was investment and not a takeover? ditto didn't they say something along the lines of "we do not envisage ever making an offer for shares" in a previous statement Link to comment Share on other sites More sharing options...
Glaser Posted April 25, 2010 Share Posted April 25, 2010 Thought it was investment and not a takeover? Mirror in "we've got our facts wrong shocker" ? Link to comment Share on other sites More sharing options...
Dark$ide Posted April 25, 2010 Share Posted April 25, 2010 Complete rubbish. As much chance of this occuring as we have of staying up. Link to comment Share on other sites More sharing options...
LW SWFC Posted April 25, 2010 Share Posted April 25, 2010 Complete rubbish. As much chance of this occuring as we have of staying up. +1 Link to comment Share on other sites More sharing options...
Guest carlg Posted April 25, 2010 Share Posted April 25, 2010 Some cynics might say that our relegation actually makes any such investment/takeover more attractive as our 'valuation' will be significantly downgraded yet our potential as a club/investment remains the same. Also some loan note holders, for example and old guard stakeholders, for example, may be heartily sick and tired of waiting for the glory days to return and the pay-out of promotion to premier league - assuming they live that long, in some cases, so I have been hearing from drunken barflys and the like. Cash in the Chips now, as it were and bail out, even for a lesser deal. Relegation will catalyse the radical change SWFC has so badly needed, for so long. Could be the only silver lining to this dark and gloomy cloud - some might speculate. Maybe. I disagree, just repeating random bar talk from a drunken stranger .... Then again, if Brunty scores a hat trick tomorrow night and we somehow win next week ..... funny how as even the deal is ready to be done, it seems, is clearly NOT happening until end of season. Or maybe after tomorrow night, should Brunty not score a hat trick. Grassy knoll time. Link to comment Share on other sites More sharing options...
Guest sheridan's2penalties Posted April 25, 2010 Share Posted April 25, 2010 (edited) Some cynics might say that our relegation actually makes any such investment/takeover more attractive as our 'valuation' will be significantly downgraded yet our potential as a club/investment remains the same. Also some loan note holders, for example and old guard stakeholders, for example, may be heartily sick and tired of waiting for the glory days to return and the pay-out of promotion to premier league - assuming they live that long, in some cases, so I have been hearing from drunken barflys and the like. Cash in the Chips now, as it were and bail out, even for a lesser deal. Relegation will catalyse the radical change SWFC has so badly needed, for so long. Could be the only silver lining to this dark and gloomy cloud - some might speculate. Maybe. I disagree, just repeating random bar talk from a drunken stranger .... Then again, if Brunty scores a hat trick tomorrow night and we somehow win next week ..... funny how as even the deal is ready to be done, it seems, is clearly NOT happening until end of season. Or maybe after tomorrow night, should Brunty not score a hat trick. Grassy knoll time. Daft thing is the other day I was wondering what I would rather have: No investment and stay in the Championship, or invesment but League 1 football. Well if there is no investment, and IF we manage to stay up, next season will just be another struggle IMO. If on the other hand we go down but do get some investment, next season the whole club could be buzzing if we have a good run at promotion with a bright looking future off the field too. A lot of IFS though. Edited April 25, 2010 by sheridan's2penalties Link to comment Share on other sites More sharing options...
Weshallovercome Posted April 25, 2010 Share Posted April 25, 2010 I suppose I'd better give the trestle tables a clean just in case. Link to comment Share on other sites More sharing options...
Davidioso Posted April 25, 2010 Share Posted April 25, 2010 sealed within the next few weeks. ...pleased let it stop, please Link to comment Share on other sites More sharing options...
epsomowl Posted April 25, 2010 Share Posted April 25, 2010 there is no "takeover" the club is and never has been "for sale".... well not at the currently low shareprice. if only the "old regime" could bring in a successful, charismatic local buisnessman to galvanise the fanbase,increase season ticket sales..thus the wage budget and hopefully fluke a promotion.... then watch the share price increase. then you would see a takeover. Link to comment Share on other sites More sharing options...
Glaser Posted April 25, 2010 Share Posted April 25, 2010 I suppose I'd better give the trestle tables a clean just in case. I wouldn't get the bee's wax out just yet though !! Link to comment Share on other sites More sharing options...
Strewthbury Owl Posted April 25, 2010 Share Posted April 25, 2010 I wouldn't get the bee's wax out just yet though !! Yeah, a Mirror 'scoop' is only worth Pledge at best, save the good stuff for Radio Sheffield exclusives Link to comment Share on other sites More sharing options...
M Royds Posted April 25, 2010 Share Posted April 25, 2010 Daft thing is the other day I was wondering what I would rather have: No investment and stay in the Championship, or invesment but League 1 football. Well if there is no investment, and IF we manage to stay up, next season will just be another struggle IMO. If on the other hand we go down but do get some investment, next season the whole club could be buzzing if we have a good run at promotion with a bright looking future off the field too. A lot of IFS though. What about if we go down and get no investment? Link to comment Share on other sites More sharing options...
Guest sheridan's2penalties Posted April 25, 2010 Share Posted April 25, 2010 What about if we go down and get no investment? Oh yeah, the worst case scenario... and unfortunately the most likely. Link to comment Share on other sites More sharing options...
i used to be sc_owl Posted April 25, 2010 Share Posted April 25, 2010 Awesome! So who are we going to spend the £10M on? Link to comment Share on other sites More sharing options...
i used to be sc_owl Posted April 25, 2010 Share Posted April 25, 2010 (edited) . Edited April 25, 2010 by i used to be sc_owl Link to comment Share on other sites More sharing options...
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