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Page last updated at 15:48 GMT, Tuesday, 29 April 2008 16:48 UK
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Sheard moves closer to Owls deal

Sheffield Wednesday

Lancashire businessman Geoff Sheard has agreed a deal in principle to buy a 30% stake in Sheffield Wednesday.

Sheard has already agreed a price with directors Geoff Hulley, Keith Addy and former chairman Dave Allen to buy their shares, BBC Radio Sheffield can reveal.

But the trio are still waiting for a written offer to confirm that deal.

Last week Wednesdayite, the Owls supporters' society, who hold a 10% stake, confirmed that they met Sheard at a Leeds hotel.

Sheard faces competition to buy the club from former Boston chairman Jon Sotnick.

Sotnick is fronting a British-based consortium that wants to take control of Wednesday and are due to make a formal bid this week.


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see also
Rival bid to take over the Owls
25 Apr 08 |  Sheff Wed
Allen ready to sell Owls shares
25 Feb 08 |  Sheff Wed

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