Wednesday strike deal with creditors

Wednesday, who have been in talks with the Americans for several months, issued a statement confirming that all the club's creditors had agreed on the 'structure' of the deal.

Chief executive Nick Parker also admitted that talks with other parties were taking place and said: "As a board, we needed to create an opportunity for an investor that would lead to the maximum amount of money coming straight into the club. Importantly, we have now achieved that.

"Club 9 Sports have put a lot of time into this transaction, and we shall continue to work with them, but the board are mindful of the interest in our club from others and have a duty to consider these options."

John Prutch, managing partner of Club 9 Sports, reiterated the fact that the deal does not hinge on the club staying in the Championship.

"We believe Wednesday has all of the vital ingredients to again become a top 20 club in England... It just needs a mixture of capital, invested both on and off the pitch, plus the embracing of best practice across all the club's operations, to begin the climb back."