The group, fronted by Lancashire businessman Geoff Sheard, have been in talks with Hillsborough officials for several weeks about a buy-out and will deliver a £1m-plus offer to fans group Wednesdayite for their 10 per cent share in the Owls. Consortium To Make Shearer An Offer?
The group, fronted by Lancashire businessman Geoff Sheard, have been in talks with Hillsborough officials for several weeks about a buy-out and will deliver a £1m-plus offer to fans group Wednesdayite for their 10 per cent share in the Owls. Sheardis also believed to be at an advanced stage to buy the 30 per cent shares held by Dave Allen, Keith Addy and Geoff Hulley.
This would give the consortium a 40 per cent stake in the club - who have debts of around £27m - and hand them control of Wednesday.
They would then be in a position to snap up the remaining 60 per cent from shareholders.
Reports last night suggested the group would have £50m to invest in the club, paying off the Co-op bank loans and handing ALLEGEDLY a new manager (believed to be Shearer) cash in the summer.
Will Shearer take the offer? He certainly wouldn't want to start his managerial career with a League One side, should Wednesday hit the trap-door.
And we believe the Toon legend is in no rush to go anywhere, and will have "bigger fish to fry" come the summer.