Milan Mandaric updates fans over takeover and transfers

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Sheffield Wednesday chairman Milan Mandaric has publicly stated that they have spoken to one “serious” investor about a possible takeover -  but stressed a deal has yet to be reached and far from being completed.

Sky Sports News broke the news last week that talks have taken place and are on-going between Wednesday and the reported Thai consortium, who are understood to be interested in a reported £30 million buyout of the Yorkshire club.

Mandaric, who was present as Wednesday record a 2-0 win over Nottingham Forest at the City Ground on Saturday, declined to comment about the discussions held about a proposed takeover.

Mandaric speaks out

Mandaric told the Sheffield Star: “We are talking to very serious people and very good people. If it (takeover) happens, then great. It if doesn’t happen, it’s okay because we are in good shape.

"We have been talking to people but we have been talking to a lot of people. Nothing is over until it is over. It could be close. It could be miles away. We will see how it goes. I can’t say much as it would be unfair to our supporters, myself and the potential people.

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"When it is the right time and everything has been done properly, that is when something will be announced. Sheffield Wednesday is a great club. There are not many clubs like this one in the Championship. The fans have to trust me. Whatever I do, I’m doing the best for them and the club.”

Signings imminent

He added that Owls' star goalkeeper Keiren Westwood and defender Tom Lees are not for sale, with the club's aim to assist head coach Stuart Gray bringing in two to three new faces to bolster their squad and this season’s play-off bid.

Wednesday are only four points adrift of the top six following their triumph at the City Ground. This continues the Owls superb form over the Christmas and New Year period.

'We are not a selling club', he stressed to fans and that will be music to many Wednesday fans' ears who have seen many young stars depart Hillsborough over the years.

Continuing on the transfer topic he stated, that the clubs current goal is to add and improve the team and not sell key players.

The good news to fans is that everyone at the club, want to match the fans ambition and to be there or thereabouts in respect of the play-offs, as they aim to return to the promised land of the Premier League.

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