Wilkinson calls for investment

08 September 2010 03:00
Sheffield Wednesday chairman Howard Wilkinson has revealed that potential investors were involved in the discussions with the Co-operative Bank that led to the club staving off a winding-up order from HM Revenue and Customs. On Wednesday morning, HMRC withdrew its claim against the Owls after the bank agreed to foot a £703,000 tax bill. In an open letter to fans on Wednesday's official website, Wilkinson conceded the club has a "major short-term problem" financially and urged interested parties to provide firm backing for the npower League One leaders in the near future. "It is true to suggest that potential investors have played a part in the dialogue with the Co-op Bank," he said. "Words of support, of course, are always welcome, but actions speak louder than words and action is what we need now. "The dismissal of the winding-up order only brings to an end our most pressing problems. Although the medium to longer term financial health of the club is moving in the right direction, we have had a major short-term problem. "The positive work that has been done at Sheffield Wednesday, both on and off the field, must not be undermined. Our friends and potential partners know what can be achieved here, but we need investment, not words or promises."

Source: PA