Sheard close to Owls takeover

Deal could be completed in a 'matter of days'

Last updated: 3rd September 2008

Sheard close to Owls takeover

Hillsborough: Takeover near

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Geoff Sheard is hopeful of concluding a deal for the control of Sheffield Wednesday in a 'matter of days'.

Sheard, backed by a Switzerland-based trust, has confirmed funding is now in place to buy a 29.9 per cent stake in the club with money from two investors - one British and one German.

"It's a matter of days away - I'm hoping we're done this week," Sheard told the Yorkshire Post.

"We have an agreement in place with the club to co-opt me on to the board. Everything is ready to go."

Former Owls chairman Dave Allen, who has already agreed to sell his 10 per cent stake, added: "He phoned me to say the funds were in place - which I'm pleased about - and it was hoped to do the deal by the end of the week."