Sheffield Wednesday Exclusive: Takeover talks at a serious stage, reveals Milan Mandaric

Owls Chairman Milan Mandaric watching from the directors box
Owls Chairman Milan Mandaric watching from the directors box

Sheffield Wednesday chairman Milan Mandaric has told The Star the club have spoken to one “serious” investor about a possible takeover but stressed a deal has yet to be reached.

Talks have taken place and remain on-going between the Owls and a Thai consortium understood to be interested in a reported £30m buyout of the Championship club.

Mandaric, who watched Wednesday record a 2-0 win at Nottingham Forest on Saturday thanks to goals side of half-time by Kieran Lee and Chris Maguire, declined to comment on who the club have held discussions with about a proposed takeover.

But he said: “We are talking to very serious people and very good people. If it (takeover) happens, then great. It if doesn’t happen, it’s okay because we are in good shape.

“We have been talking to people but we have been talking to a lot of people. Nothing is over until it is over. It could be close. It could be miles away. We will see how it goes.

“I can’t say much as it would be unfair to our supporters, myself and the potential people. When it is the right time and everything has been done properly, that is when something will be announced.

“Sheffield Wednesday is a great club. There are not many clubs like this one in the Championship. The fans have to trust me. Whatever I do, I’m doing the best for them and the club.”

Mandaric, who insists Owls stars Keiren Westwood and Tom Lees are not for sale, says his main aim is to help head coach Stuart Gray bring in “two or three” new faces to bolster their play-off bid. Wednesday are four points adrift of the top six following their triumph at the City Ground

“My priority is to keep the club going in the right direction,” he said. “When the time comes, if I find a person or a group of people who can accelerate our vision faster than I can, I have no problem stepping aside.

“My bigger goal is to see what Stuart [Gray] needs to improve the team. We need to bring in two to three players. We want to be there or thereabouts. Our manager is ambitious and so is every player.”

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