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With some irony - 120 years ago this day


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#OnThisDay 120 years ago - it was reported that at a EGM the previous night, 16th May 1899, the Old Wednesday Club had been wound up and the Assets and & Liabilitiess had been transferred to a new Wednesday F.C. Limited.

 

The new Company would raise the capital of £7,000 to purchase the land at Owlerton for the new Wednesday Ground.   All paraise to Charlie Clegg and those far sighted gentlemen of 1899. !

 

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Guest mkowl

Don't tell David Conn of The Guardian.

 

And what a shame that in all probability the ground our forefathers acquired may not be in the same legal entity as the football operations for much longer.

 

The price of everything but not the value 

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4 hours ago, Geedee said:

I thought we were still called the Wednesday and not Sheffield Wednesday until about 1920. 

You learn something everyday. 

Thanks for posting mate. 

 

The change to "Sheffield Wednesday Fottball Club Limited" took place in 1929 !

 

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1 hour ago, The Regulator said:

 

Around 1981 / 1982 according to the accounts submitted to Companies House. Can’t see any indication as to why though.

I thought it was in the 90's when DA did the Charterhouse deal to raise funds. He changed us to plc to put shares on the stock market. I could be way off though. 

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5 hours ago, The Regulator said:

 

Around 1981 / 1982 according to the accounts submitted to Companies House. Can’t see any indication as to why though.

It' was so that if circumstances permitted the company could float on the stock exchange. In order to do that you had to be a plc. Think Spurs did it about that time and were the first to do so.

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6 minutes ago, Utah Owl said:

It' was so that if circumstances permitted the company could float on the stock exchange. In order to do that you had to be a plc. Think Spurs did it about that time and were the first to do so.

 

Makes sense, thanks.

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