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Page last updated at 12:03 GMT, Friday, 15 October 2010 13:03 UK

Sheffield Wednesday takeover close, says Chris Turner

Chris Turner
Turner was Wednesday boss for almost two years after taking over in 2002

Sheffield Wednesday will be in the hands of new owners very soon, according to ex-manager Chris Turner who is fronting a bid to buy the club.

The former Hartlepool boss is representing a consortium in the Middle East who want to take over the Owls.

"It's just tying up the loose ends and asking a few final questions. The deal should be completed shortly," he told BBC Radio Sheffield.

Turner expects to be given a role at the club if the deal goes through.

Wednesday, who have debts of more than £20m confirmed last week that they were to receive a £2m cash injection, believed to be from the consortium headed by Turner, to solve immediate cash-flow problems ahead of longer-term financial help.

Some of the money will also be used to pay off their next winding-up order which they are expected to face on 17 November.

On Thursday, chairman Howard Wilkinson confirmed he had met with the most senior official from the investors in London and was left convinced that their approach for the club was serious.

"The meeting was very productive and I left convinced about both the desire and capability of the group to finalise the deal," he told the club website.

"The investors are part of a multi-national company who clearly have the ability to finance the investment."

Turner emphasised that his consortium's offer for the club is genuine.

"The group have never shouted from the rooftops that they are buying Sheffield Wednesday and going to take them to the Premiership. It's all been kept quiet and kept under wraps," added Turner.

"We've tried not to give fans false hope which they have been given in the past. It is a serious attempt which is going very very well."

The latest winding-up order is the third in recent months from Her Majesty's Revenue & Customs for an unpaid tax bill of £600,000.

In September, the club was saved from administration after reaching an agreement with the Co-operative Bank.

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see also
Wednesday reveal new cash boost
09 Oct 10 |  Sheff Wed
Wednesday in new investment talks
04 Aug 10 |  Sheff Wed
Turner quits as Hartlepool boss
19 Aug 10 |  Hartlepool

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