Post by HGO on Dec 17, 2008 8:50:18 GMT -1
Unfortunately i cant make the agm tonight . Sounds promising though
WEDNESDAY are set to raise hopes of new investment at Hillsborough.
An announcement will be made at tonight's annual general meeting of shareholders at the Cutlers' Hall.
It is understood that the club will not be announcing the completion of a takeover deal.
But it is believed that the board WILL be reporting significant progress.
The club have been working behind the scenes for months on trying to secure new investment or a takeover. It has been known for some time that they have been in discussion with parties other than Geoff Sheard, who is not involved in the current new moves and whose campaign seemed to fizzle out after a 10-month saga.
It has now also been claimed that the prospective new investors have had talks with the club's bank.
No official advance information is coming out from the club because it is a PLC matter and the Owls will feel that the agm is the proper platform for them to update shareholders.
A statement could also be made to the Stock Exchange tomorrow - but this would almost certainly be merely a procedural repeat of whatever information is supplied to shareholders tonight.
So optimism about a fresh financial start for the club is growing.
A club insider revealed in The Star recently, following an encouraging set of accounts, that he felt fresh optimism about a deal though the Owls were one of several clubs seeking financial backing in a difficult economic climate.
Manager Brian Laws spoke last week of an undisclosed "Plan A" that he described as mouth-watering if it came to fruition.
The Owls boss also wanted assurances about the future direction of the club before agreeing to sign his new contract last month and said after putting pen to paper that he was satisfied the club were making strong efforts to bring in new money.
There have been anti-climaxes before in the Owls' long hunt for new backing but fans will hope that a breakthrough is on the way. Shareholders Association chairman David Coupe said: "We want to know what plans the board have for taking Wednesday forward. We welcome any new investment, whether it's cash, brains or dynamism."
WEDNESDAY are set to raise hopes of new investment at Hillsborough.
An announcement will be made at tonight's annual general meeting of shareholders at the Cutlers' Hall.
It is understood that the club will not be announcing the completion of a takeover deal.
But it is believed that the board WILL be reporting significant progress.
The club have been working behind the scenes for months on trying to secure new investment or a takeover. It has been known for some time that they have been in discussion with parties other than Geoff Sheard, who is not involved in the current new moves and whose campaign seemed to fizzle out after a 10-month saga.
It has now also been claimed that the prospective new investors have had talks with the club's bank.
No official advance information is coming out from the club because it is a PLC matter and the Owls will feel that the agm is the proper platform for them to update shareholders.
A statement could also be made to the Stock Exchange tomorrow - but this would almost certainly be merely a procedural repeat of whatever information is supplied to shareholders tonight.
So optimism about a fresh financial start for the club is growing.
A club insider revealed in The Star recently, following an encouraging set of accounts, that he felt fresh optimism about a deal though the Owls were one of several clubs seeking financial backing in a difficult economic climate.
Manager Brian Laws spoke last week of an undisclosed "Plan A" that he described as mouth-watering if it came to fruition.
The Owls boss also wanted assurances about the future direction of the club before agreeing to sign his new contract last month and said after putting pen to paper that he was satisfied the club were making strong efforts to bring in new money.
There have been anti-climaxes before in the Owls' long hunt for new backing but fans will hope that a breakthrough is on the way. Shareholders Association chairman David Coupe said: "We want to know what plans the board have for taking Wednesday forward. We welcome any new investment, whether it's cash, brains or dynamism."