Date: 29th May 2010 at 9:53pm
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American investment group Club 9 Sports have all-but pulled out of negotiations to invest in the Owls following a statement today.

The group have long been in discussions with Wednesday about a possible investment in the club, with an initial bid of nearly £2m investment for almost 40 per cent of the shares being turned down by the club.

But they’ve today all-but called time on their bid, saying in a statement made to the club and the fans today that they’re ‘not going to put forward a revised offer’.

The news will go down well amongst the majority of Wednesdayites, who were against the Club 9 Sports bid.

The current Owls board can now turn their attentions to finding investment elsewhere, whilst boss Alan Irvine is set to have no further disruptions to his plans at building a squad for the forthcoming League One campaign.