Source: PA
Owls seeking deadline extension
Sheffield Wednesday will plead for more time when they face a winding-up order in the High Court on Wednesday morning after failing to secure a takeover deal in time.
The npower League One club, around £26million in debt, has been racing against the clock in a last-ditch bid to secure major new investment.
But despite the intervention of Deputy Prime Minister Nick Clegg, who has been in talks with Wednesday's main creditors, the Co-Operative Bank, the club have yet to successfully conclude talks in their bid to stave off administration.
Mr Clegg, MP for Sheffield Hallam, is hoping the High Court will allow Wednesday and the Co-op Bank another fortnight to reach agreement with one of four separate parties keen to take control at Hillsborough.
A club source told Press Association Sport: "Nick Clegg has been in meetings with senior management at the Co-operative Bank affirming the significant role Sheffield Wednesday Football Club plays within the local community.
"All parties will continue to do all they can to reach a successful conclusion to enable the club, a founder member of the Football League, to move forward."
