Date: 17th November 2010 at 7:33pm
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Deputy Prime Minister Nick Clegg has welcomed today’s news of a 28-day adjournment, but has warned that there is still plenty to do to secure Wednesday’s future.

Sheffield Hallam MP Clegg has been in discussions with the club and the Co-operative Bank, the club’s major creditors, recently with a view to secure the Owls’ long-term stability.

And the leader of the Liberal Democrats has promised to continue to offer help to all parties involved in bringing about a takeover and new ownership in the Owls over the next four-week window.

‘Today’s adjournment is welcome news for Sheffield Wednesday and will hopefully give the club the time it needs to attract the required investment,’ he told Sky Sports.

‘It is, however, only a stay of execution and much more needs to be done to safeguard the long-term future of this wonderful football club.’

He continued: ‘I have been in regular contact with both the club and the bank over the last few days and I know how hard everyone is working to find a way forward.

‘I will continue to help all parties in any way I can to find a workable solution to the club’s plight.

‘I know how much Sheffield Wednesday means to the fans and the city itself and a successful long-term solution must now be found.’

It’s understood that Clegg was in long talks with the Co-op Bank to try and convince them to give Wednesday more time to find a suitable buyer and complete a takeover.