Post by Mrs H on Jul 11, 2007 11:45:01 GMT -1
...in talks to buy The Owls.
Sheffield Star
THEY call him the Mighty Quinn - but is he the man set to take over at Sheffield Wednesday?
Rumours abound that Irish billionaire Sean Quinn could be about to step into the Wednesday hotseat.
Father-of-five Quinn, aged 60, and his family have built their business from scratch into a multinational enterprise worth more than £3 billion.
Now sources close to the club say he is casting his eye towards Hillsborough.
The sources suggest Quinn has joined with leisure king Paul Gregg - first linked with a takeover at the Owls in May - to make a renewed bid for the club
Information received by The Star indicates that together Quinn and Gregg entered into due diligence - a process which allows them to study the club's financial state.
That process is said to be complete and that an offer is currently on the table.
Several shareholders contacted The Star concerned they are not receiving information from the club's board.
But Wednesday were today keeping tight lipped about any possible takeover bid.
Spokesman Colin Wood said: "The club are not prepared to comment on issues of this nature at this time."
Chief Executive Kaven Walker added: "Discussions are ongoing with the board. There is one specific group the board are communicating with but I can say no more."
Quinn, hails from Derrylin, County Fermanagh, Northern Ireland. Born December 1947, the son of a farmer, he left school at the age of 14. He started his business career by obtaining a £100 loan which he used to extract gravel from his father's farm.
The Quinn Group, which is privately owned by the Quinn family, is widely acknowledged as the largest and most profitable privately-owned company in Ireland.
The Sunday Times Rich List estimates his personal worth to be £3.05 billion, making him the richest man in Ireland.
Sheffield Star
THEY call him the Mighty Quinn - but is he the man set to take over at Sheffield Wednesday?
Rumours abound that Irish billionaire Sean Quinn could be about to step into the Wednesday hotseat.
Father-of-five Quinn, aged 60, and his family have built their business from scratch into a multinational enterprise worth more than £3 billion.
Now sources close to the club say he is casting his eye towards Hillsborough.
The sources suggest Quinn has joined with leisure king Paul Gregg - first linked with a takeover at the Owls in May - to make a renewed bid for the club
Information received by The Star indicates that together Quinn and Gregg entered into due diligence - a process which allows them to study the club's financial state.
That process is said to be complete and that an offer is currently on the table.
Several shareholders contacted The Star concerned they are not receiving information from the club's board.
But Wednesday were today keeping tight lipped about any possible takeover bid.
Spokesman Colin Wood said: "The club are not prepared to comment on issues of this nature at this time."
Chief Executive Kaven Walker added: "Discussions are ongoing with the board. There is one specific group the board are communicating with but I can say no more."
Quinn, hails from Derrylin, County Fermanagh, Northern Ireland. Born December 1947, the son of a farmer, he left school at the age of 14. He started his business career by obtaining a £100 loan which he used to extract gravel from his father's farm.
The Quinn Group, which is privately owned by the Quinn family, is widely acknowledged as the largest and most profitable privately-owned company in Ireland.
The Sunday Times Rich List estimates his personal worth to be £3.05 billion, making him the richest man in Ireland.
Forever without exception. x
you're not allowed one!