Date: 23rd June 2008 at 1:45pm
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Former Boston chairman Jon Sotnick has ruled himself out of mounting a taking over for the Owls and has ended his interest in the club according to BBC Radio Sheffield.

Sotnick revealed his interest in the club towards the end of last season and looked to be in a two horse race with his consortium alongside Geoff Sheard and his backers.

But it now looks as though Sheard is now the only name in the running to takeover at Hillsborough after Sotnick revealed to Radio Sheffield that his backers have not ‘shown the colour of their money’ and that he is ‘not at the table’.

Sotnick had previously claimed to have sufficient funds to rival the bid made in February by Lancashire businessman Geoff Sheard.

But now Sheard is the only known party to be interested in buying the Owls, although Deloitte have revealed they’ve had a number of enquiries about investing.