US group eyes up SWFC investment
US-based investment group Club 9 Sports is poised to invest in Sheffield Wednesday Football Club (SWFC) after "structuring" a deal with the club.
Club 9 Sports has also secured agreement with the Co-op Bank and all loan note holders in the Coca-Cola Championship side, which means investment could now be imminent. It is hoped the deal, - subject to the signing of legal documents - will be completed within the coming weeks, and Club 9 Sports has stressed that relegation would not affect the outcome.
Club 9 Sports operating partner Jon Prtichett said: "We believe Wednesday has all of the vital ingredients to again become a top twenty club in England. "The fan support, championship legacy, stadium, market and brand are all there. It just needs a mixture of capital, invested both on and off the pitch, plus the embracing of best practice across all the club's operations, to begin the climb back."
Meanwhile, Birmingham City Football Club has confirmed that chief executive officer Michael Dunford has left the Premier League club.
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