Sheffield Wednesday owner Milan Mandaric open to offers as Hafiz Mammadov delays continue
Last Updated: 04/09/14 5:06pm
Milan Mandaric says he will consider new offers for Sheffield Wednesday following delays to Hafiz Mammadov's proposed takeover.
An agreement was struck in June for Mandaric to sell to Azerbaijani businessman Mammadov, who owns French club Lens and is a sponsor of Spanish champions Atletico Madrid.
But the deal is yet to go through and Mandaric, who says he is considering legal action, has now accused Mammadov of failing to "meet the obligations set out in the contract".
A statement released on the Wednesday website read: "Unfortunately despite working hard with both Mr Mammadov and his representatives since the agreement was signed he has not been able to meet the obligations set out in the contract for either the purchase of the shares or the sponsorship arrangements.
"Our supporters were extremely excited when the takeover was announced, like me they believed that Mr Mammadov offered a great opportunity for the club, in hindsight my desire to please our supporters probably clouded my decision to grant further time for him to complete the process.
"During this period I have continued to manage the business and to fund the ongoing financial requirements of the club as I have always done and will continue to do so.
"As supporters will have seen, we have fully committed to the sponsorship agreement, we are proudly wearing our new shirts with the 'Azerbaijan Land of Fire' logo and this alongside the other advertising inventory will give worldwide coverage to the country.
"Whilst I hope that Mr Mammadov will very quickly overcome his difficulties in Azerbaijan, I cannot allow this continued speculation to continue and have asked my legal advisors to take such legal action as they consider necessary.
"The club as always will attract people who are interested in acquiring a top English football club.
"Accordingly, I will explore every serious possibility and if I believe that there is someone who can accelerate our plans to return this club to the Premier League then I will do all in my power to welcome them to Sheffield.
"I believe the legacy I left behind at my previous clubs should give supporters every confidence, if any is needed."