Wednesday continue investment talk

Published Add your comment

Football News

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."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Sheffield Wednesday
League One

Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again