Date: 16th November 2010 at 11:02pm
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‘D-Day Tuesday’ has come and gone for the Owls with no conclusion to a much-needed takeover. So it’s another day of nail-biting for Wednesdayites as the club goes to court.

If anything, today, Wednesday of all days, is even more crucial for our grand old club than yesterday, and anything before it.

Our club’s fate is in the hands of a High Court judge, who will decide whether to allow Wednesday fourteen more days to complete a takeover deal, or be wound up.

Tuesday’s decision by the club, to ask for a two-week adjournment over a hearing for £600,000 in unpaid tax, rather than take one of the two expected routes of completing a takeover or being plunged into administration, is a very risky one to take.

One would hope that someone at Hillsborough has some inside knowledge, a great understanding of how the courts operate, or a brilliant way with words in convincing the judge that the club WILL have a buyer within the next two weeks.

If not, and the judge decides against granting the Owls a court adjournment, a winding up order could be seen as the only option.

Professional football clubs have been in similar positions before, but one of the ‘main players’ in English football has yet to be wound up.

It could be seen as a positive sign for Wednesday, but it could also be seen as a bad sign, too.

One day one of the so-called bigger clubs in England is going to fold under similar circumstances, whether that be in weeks, months or years, and Wednesdayites everywhere will be crossing everything they can that it isn’t the Owls.

Portsmouth were reported to be on the brink not so long ago, Crystal Palace before that, and now Wednesday.

Today is a massive day for the club, and come lunchtime we should find out just what the future holds, if any, for the Owls.

Another two weeks of rumoured interest and false reports won’t be too appealing for Wednesday fans, but it’s certainly better than the alternative.

Keep checking Vital Wednesday for all the latest updates throughout the day.