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Sheard waits on Owls fans' share verdict



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Published Date: 01 July 2008
SHEFFIELD Wednesday takeover frontman Geoff Sheard is looking for reassurance that he has the backing of fans as he eyes the next step in his bid for power.
It is understood the Lanca-shire businessman will await the result of a ballot of Wednesdayite members on whether or not the organisation will part with their 10 per cent stake.

This probably would not be a stumbling block as Wednesday-ite have been broadly supportive of any initiative that can take the club forward.

It is also believed that Sheard is close to making a formal offer for the fan group's shares.

Wednesdayite have confirmed that they have received a "preliminary communication" about their stake and have referred it to their professional advisers.

The group's procedure would be to ballot members if a formal offer is received.

Sheard is believed to be confident that he is on the brink of acquiring the 30 per cent bloc that is split between Dave Allen, Geoff Hulley and Keith Addy.

Alongside's Sheard's manoeuvres, Wednesday's advisers, Deloitte and Touche, are continuing their efforts to assist a takeover. They were appointed by the club to lead the search for a buyer and.

It is understood that no deadline has been set by Deloitte or the club. Deloitte received various expressions of interest and will have been hoping to report back to the club board with favourable news.

But the spotlight is on Sheard as the five-month saga continues.

What do you think? Post your comments below.

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The full article contains 314 words and appears in Sheffield Star newspaper.
Page 1 of 1

  • Last Updated: 01 July 2008 8:41 AM
  • Source: Sheffield Star
  • Location: Sheffield
 
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daveyboy66,

01/07/2008 10:10:15
What a load of journalistic garbage...i asked my six year old lad what did he think would happen with the wednesdayite shares and he said " when they receive an offer then they will have a ballot and decide whether or not to sell the shares " and yet this article is trying to say that Sheard is waitng on the outcome of the ballot before he makes an offer. Pull the other one....or rather still let my six year old write the article he has more grasp of the facts
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Ancient Owl,

Salisbury 01/07/2008 10:17:10
Can anyone tell me how many members Wednesdayite has and what proportion of Sheffield Wednesday supporters this represents?
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leeowls1,

01/07/2008 12:06:22
we already know that wednesdayite want to sell there shares and yet this drags on and on and on whats so hard in saying i have the money you have the shares heres my offer lets talk its a deal done and dusted new takeover new regime i mean how long has this been going on for?
4

Malblue,

Rotherham 01/07/2008 13:00:25
Sick of hearing about this, starting a new season and still nowhere.
Sheard, if your buying the club, BUY IT.
Wednesdayite, give him the shares, there worth nothing at the moment, and if this carries on may be even less at the end of the season.
Let's get this sleeping giant of a club back on the road.
5

Parson X Owl,

Sheffield 01/07/2008 14:39:19
This situation is absolutely not acceptable!!

By the time Sheard decides to finally buy the shares, which will be at least another 4 weeks away, before the lawyers ink is dry and dusted off, then the new season will be almost upon us, all the transfer dealings will have finished and the transfer window itself, will be nearly slamming shut again, until next January?

By this time, it will be too late in my opinion and if we are still stuck with the same below standard players as last season, then we shall definitely go down, because we were lucky to avoid the drop last season and those same players are still not good enough now, if not worse - because the loanees have gone back to Chelsea etc!!

Another thing is the season ticket sales. I have it on good authority that the ticket office down at Hillsborough has only sold just over 4000 season tickets for the coming season and people are refusing to buy one, until this takeover saga is finally over, and the old board has been booted out. If we don't have new owners before the season starts and we still have hardly any season ticket sales, then this could have very serious financial implications for the club?

Come on Sheard - If you want the club, then buy it now and if you don't, then just clear off and stop wasting our time! Let's get someone in that is serious about this and wants to get Wednesday back up there where it belongs.

Come on Deloitte and Touche, pull your finger out and start earning your money. Find the Owls a buyer that deserves to own our fantastic club.

The supporters deserve more than this!!
6

clayxblade,

clay cross, royal derbyshire 01/07/2008 15:18:51
The supporters of swfc deserve exactly what they`re getting parsons x, all you lot seem to do is write to the star/green un, post on message boards or ring radio sheffield and moan like bleating sheep, you`ve had this coming for years and if sheard pulls out its bye bye.
We don`t stand for situations like this at the lane, case in point, the car park protests over the years, the fans have moved more directors and managers over the years by doing something about it, not just sitting and whineing, or should that be squealing
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Parson X Owl,

Sheffield 01/07/2008 15:46:52
Some of what you are saying is quite true, to a point.

Yes, Wednesday supporters should have been more vocal and proactive in shifting the rubbish from the Wednesday board and should have voiced our concerns after matches, with banners and protests in the car park. If we had done this, then we probably wouldn't be in the terrible situation we find ourselves in at present?

I don't think Wednesday supporters are militant enough and by sitting quietly in our seats like contented sheep, we have also let the club down. We should have been shouting our displeasure from the stands and raining vocal bile down on the chairman and directors, to let them know that the situation was not to be tolerated and that they should change things around a.s.a.p , or go with immediate effect!

Instead, the club has been left to die a slow, lingering death, that has gone almost unnoticed by the rest of the footballing world.

What has happened to my club over the last 15 years is nothing short of tragic and criminal and if I'm honest, I don't think this misery is going to end any time soon. I simply don't trust this Sheard bloke, with the way he has gone about his business over the last 6 months? Something just tells me that Wednesday should run as fast as possible, and stay well clear of this man?
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owl down under,

01/07/2008 17:53:19
Keep quiet and wait for God's sake. All you're doing is attracting rubbish from S2 that we can well do without. WE are fed up with your negativity Parson X. Lighten up and get a life.
9

penrhyn bay owl ,

llandudno 01/07/2008 18:19:31
well said owl down under !
our club will do well regardless of any takeover plans this season simply because the right man is at the helm and he's going about his job quite nicely thank you very much .
he is assembling a young vibrant and dare i say exciting team which i believe will take the championship by storm come august .
stop bleating on about prices , if you don't want to pay don't go.
i've been travelling to s6 from north wales for the best part of 40 years and don't begrudge coughing up the cash one little bit . i love my team , regardless of where they sit in any league and like most people on this forum whether we like it or not we are wednesday til we die !
SO COME ON PARSONS X FOR ONCE LETS HAVE A BIG COME ON THE WEDNESDAY !!
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kris,

01/07/2008 18:53:17
this has been going on for far to long, all these different groups with shares need to get together and agree to sell, the sooner someone with money(sheard group) or anyone else then the sooner the club will rise again. i hope they just give laws a chance even just 1 season with some money he was sh*t on by the board last year
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