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Page last updated at 11:08 GMT, Wednesday, 5 May 2010 12:08 UK

Sheffield Wednseday chairman set for investor meetings

Sheffield Wednesday chairman Lee Strafford.
Strafford is hopes investors will still find Wednesday attractive

Sheffield Wednesday chairman Lee Strafford is to meet with potential investors to discover the extent of interest in the club after relegation.

"We'll be focussing on investor discussions this week and in following weeks," he told BBC Radio Sheffield.

The Owls have been in talks with several potential investors as they seek to service their £20m debt.

"We go back to them and say 'that's the uncertainty gone, do you still want to do the deal?'," added Strafford.

Prior to relegation from the Championship on Sunday the club were confident of a deal with Club 9 Sport who confirmed an interest in the Owls in back in March.


The Chicago-based company had already structured an agreement with the club and the Co-op Bank who are owed the majority of the Owls debt.

Strafford says the club is still an attractive investment despite the fact they are now a League One outfit.

"Our revenues go down in League One, but our football costs also go down and the most important variable is us," he said.

"If we continue to support the club like we have done, then we'll be fine."

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see also
FA to probe Hillsborough trouble
04 May 10 |  Sheff Wed
Sheff Wed 2-2 Crystal Palace
02 May 10 |  Championship
Owls investors say deal is close
12 Mar 10 |  Sheff Wed
Sheff Wed rule out administration
04 Mar 10 |  Sheff Wed

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