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Wednesday chairman confident of takeover deal

Sheffield Wednesday Football Club chairman Howard Wilkinson is still confident of securing a takeover deal for the Npower League One side.

The Owls were dealt a blow when the key financer in the Certified Oil Rentals deal, Kevin Mundie, withdrew his interest with time running out before thew club’s November 17th HMRC case.  Whilst COR are still seeking the funds for the takeover, Wilkinson was keen to point out there are other interested parties.

Speaking to the club’s official site, Wilkinson said:  "It was widely reported that Kevin Mundie, the lead investor at COR, has had to pull out of the process due to personal reasons. I have had some people outside of the investment process telling me that this is a major blow.

"While I am personally disappointed for Kevin as I had struck a positive relationship with him, COR have certainly never been the only player in town.

"What will ultimately happen, I do not want to speculate, apart from to reaffirm that there are now serious options open to us and the bank. I stress the bank in my answer as they will play a pivotal role in deciding the future of the club.

"There are people who have both the money and the desire to invest in Sheffield Wednesday, and we are now all focused on completing a deal with one of the potential suitors as soon as possible."

Wednesday were issued with a winding up order from HMRC relating to tax debts of around £1m.

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