Date: 16th November 2010 at 10:02am
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Today’s the day for Wednesdayites everywhere, a day where the future of the club could be secured, or where the club’s future could be no more.

The Owls face a High Court order tomorrow over an unpaid tax bill and, with the Co-op Bank not expected to bail the club out again, the club must find investment today or face entering administration, or worse, tomorrow.

The next 24 hours are the most important in the club’s glittering 143-year history.

A deal must be struck between any interested parties looking to takeover the Hillsborough club, in a bid to satisy the bank, the club’s board and the loan note holders.

Leicester City chairman Milan Mandaric has already seen an offer to former Owls chairman and loan note holder Dave Allen rejected.

Employment agency boss Spencer Fearn is also understood to be heading a consortium looking to save the Owls.

But, after almost a decade of false dawns on the takeover front, the end game has arrived and a deal must be done to save the club today.

If not, and if a deal can’t be agreed in principle, the club could enter adminsitration tomorrow and be slapped with a ten-point deduction or even worse be wound up completely.

We’re expecting rumour, breaking news, ups and downs today – hopefully not much of the latter – so keep your eyes on Vital Wednesday for all the latest on the future of our beloved club.