Date: 30th April 2008 at 9:40am
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At last! After months of speculation regarding a takeover at Hillsborough, it appears we’re finally moving in a positive direction with the news Geoff Sheard has agreed a deal in principle to buy a stake in the club.

Sheard and his consortium have long been linked with a takeover at S6, but with things going quiet in recent months, some fans have grown impatient, especially with the news that former Darlington chief executive Jon Sotnick had become interested as a rival party.

But BBC Radio Sheffield are now reporting that Sheard and his consortium have agreed a deal in principle to buy a 30 per cent stake in the club after agreeing a price with directors Geoff Hulley and Keith Addy and former Owls’ chairman Dave Allen.

And it’s believed the trio are now awaiting an official offer in writing before accepting.

Sheard and his consortium also enjoyed a positive meeting with Wednesdayite recently, and it appears they are the favourites for the deal.

Sheard’s decision on buying in to the Owls doesn’t depend on whether the Owls will be in the Championship or League One next season, but there has been no timescale slapped on the deal, and Owls fans could well be made to wait a bit longer yet.

For all the latest on the Owls’ takeover, keep checking Vital Sheffield Wednesday for all the latest updates.