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SBD Global/June 10, 2013/Franchises

League Championship Sheffield Wednesday Reportedly Attracts Takeover Interest

League Championship Sheffield Wednesday FC Chair Milan Mandaric has revealed that the club is "a magnet for potential buyers" -- but a sale of the club is not imminent, according to Paul Thompson of the SHEFFIELD TELEGRAPH. The chairman was reacting to rumors that a Chinese-American consortium has "shown interest in the Owls." Mandaric: "There is always interest; there was always interest before my time here. One day if there is a certain person or a certain group who can accelerate a good job here, I will consider that." It appears that Wednesday is "continually being sounded out by parties who may be interested in taking over, but nothing concrete has emerged." The rumor about the Chinese-American group "emanated from the Middle East." The club is "a more attractive proposition to possible buyers now, as a Championship outfit with one owner and financial stability," than when it had a more complex ownership structure and huge debts (SHEFFIELD TELEGRAPH, 6/6).
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