Owls takeover talks at ‘advanced stage’

Chairman Milan Mandaric has been actively seeking new owners of the Owls for some time.

The Qatari consortium is represented by football agent Jonathan Hope who says talks are at an advanced stage.

“The club wanted an investor in terms of a buy-out and I have found a solution,” said Hope. “My team have been working endlessly to occupy the requirements set out by Milan Mandaric and find an investor. We believe we have now met this and we have agreed a suitable deal which will see the Qatari investors take control of the club and invest substantial amounts in every department to get Sheffield Wednesday back up to the Premier League where they belong and should be.

“Hopefully the deal will be announced over the next few days and the fans should get excited as this is a very lucrative deal for the club.”

Sheffield Wednesday would not comment on the speculation yesterday.