Sheff Wed Worth £8m - Puts Pressure On Toon!

28 November 2010 11:44
Mike Ashley failed to sell Newcastle for £100m, and we now hear Newcastle Utd can be bought for £150m. But it seems as though Ashley will be around for a long time ...  ... if the likes of Sheffield Wednesday can be bought for as little as £8m and Premiership club Blackburn for £20m. Wednesday (regardless of their current position) are still a massive club with huge potential, but prospective new owner Milan Mandaric has warned he will not become an overnight success at Hillsborough as he embarks on his latest mission in English football. Mandaric, 72, looks set to take control of his third football club in England after agreeing an £8million deal to buy the club with Wednesday's main creditors, the Co-operative Bank, and loan note holders late last night. Mandaric: "We've crossed the line, not completely I must add, because the club is a plc and these things need to be respected. "There are certain legalities to resolve with the shareholders and I think there is a meeting taking place on December 15 or 16. "It's not completely over, but we're optimistic there will be a positive outcome."

Source: FOOTYMAD