Sheffield Wednesday: Owls attract takeover interest

Milan Mandaric says his current priority is the future of players yet to accept new deals
Milan Mandaric says his current priority is the future of players yet to accept new deals

Milan Mandaric has revealed

that Sheffield Wednesday are a magnet for potential buyers - but a sale of the club is not imminent.

The chairman was reacting to rumours that a Chinese-American consortium have shown interest in the Owls.

He told The Star: “There is always interest; there was always interest before my time here.

“One day if there is a certain person or a certain group who can accelerate a good job here, I will consider that.

“Until that time, I am going to run the club properly and do everything I can to take it forward.”

It appears that Wednesday are continually being sounded out by parties who may be interested in taking over, but nothing concrete has emerged.

The rumour about the Chinese-American group emanated from the Middle East.

The club are a more attractive proposition to possible buyers now, as a Championship outfit with one owner and financial stability, than when they had a more complex ownership structure and huge debts.

Mandaric saved them from administration in a takeover that initially cost him less than £10m but has always said that one day he may hand over the baton to someone else.

He added: “I would want to make sure that there was something serious from a person or group of people, then I would speak about it.

“But there is nothing to report.”

He said that his current priority was settling the futures of the five players who have yet to accept new contracts: David Prutton, Giles Coke, Jermaine Johnson, Miguel Llera and Stephen Bywater: “We are making a lot of progress and it should be done very soon, as far as I am concerned.

“There are not too many deals being done anywhere, but everybody is working hard behind the scenes trying to see how we can improve the team, find additonal players and find homes for some players.”