Date: 7th February 2007 at 11:29am
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Wednesday chairman Dave Allen has revealed he is in talks with four parties interested in investing in the Owls – with club ownership set to be resolved in the summer.

Allen revealed last month that he was in discussions with a ‘wealthy casino owner’ about investing in the club, but there now seem to be four interested parties currently in discussions with the board.

‘We are having discussions with four different parties; three of them are from overseas,’ Allen told the Sheffield Star.

‘It depends on the circumstances of the deal. One of the four would be doing a deal in which I would stay and probably contribute as well. There is a lot of water to go under the bridge. I think that by the start of the season it will all be resolved.’

But Allen has still insisted that the ten per cent shareholding from fans group Wednesdayite could well be a stumbling block in any possible takeover at S6.

He said: ‘I see that Wednesdayite have said they’re only too willing to sit down and talk to any investor; well, no-one who’s going to put a lot of money into the club is going to sit down and talk with them; it’s something that comes into every discussion that we have with new people.’

The Owls will undergo an EGM early this month after calling one in January to discuss the current financial problems at Hillsborough.

And many Owls fans have suggested the only way forward for the club is investment, with the Owls chairman receiving abuse from the stands, and in writing to the club – abuse which could see him play no further part in the Wednesday boardroom.

He continued: ‘I am not comfortable with the verbal and written abuse I have taken, for making the right decisions that have taken the club forward. I was the one who fought off Ken Bates – and look what’s happened at Leeds.’