Football

Wednesday continue investment talk

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Sheffield Wednesday chairman Lee Strafford has reassured fans talks with potential investors will continue despite the club's relegation to League One.

Chicago-based investment group Sports Club 9 confirmed in March they were hoping to "find an appropriate structure that will allow us to become part of the Wednesday family". The Owls, who still have debts in excess of £20million, recently revealed they had been approached by other parties.

Strafford, speaking after Wednesday's relegation to League One was confirmed, said: "As reported last week, our investment process continues with some positive developments having taken place in recent weeks, but we should never be in a position of relying on external investment."

He added: "We all have a responsibility to rebuild this club together and the board, management and staff at Sheffield Wednesday are totally committed to that process regardless of what division our team competes in.

"If and when the investment process concludes positively then it will be a positive step for the club, providing an elevated investment in our club infrastructure and playing operations.

"Over the coming weeks the club's business plan will be revised and updated and once this is complete we will publish our strategy to manage the challenge ahead, something all Wednesdayites will play a key role in."

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Topics:
Sheffield Wednesday
Football
Championship
League One

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