John Textor has linked up with football financier Keith Harris in an attempt to purchase Sheffield Wednesday. Harris, a former investment banker, has arranged takeovers at West Ham, Manchester City, and Aston Villa, as well as forming a group to buy Everton last year, which was unsuccessful.
Textor was granted exclusivity in his bid to purchase Everton through his investment entity, Eagle Football, but similarly failed to complete the transaction. The American did not work with Harris, but they met through the Englishman’s work with Sportsbank, which offered Textor £230 million this year to buy 45% of Eagle. The multi-club business owns Lyon, Botafogo, Belgian club RWD Molenbeek, and was the majority shareholder in Crystal Palace until it was sold to Woody Johnson last month.
Sportsbank, a consortium of investors from the UAE and the US led by Zechariah Janjua and Navshir Jaffer, did not complete the transaction, and Textor chose to list Eagle on the New York Stock Exchange. Sportsbank is not involved in the proposal for Wednesday, and Harris is collaborating with Textor to secure funds elsewhere.
Wednesday has a dire financial predicament. Dejphon Chansiri, the owner, has conducted conversations with numerous potential buyers this summer and announced in June that he had rejected a £40 million bid from an undisclosed American company unrelated to Textor. Chansiri’s asking price is believed to be closer than £100 million.
Wednesday has a dire financial predicament. Dejphon Chansiri, the owner, has conducted conversations with numerous potential buyers this summer and announced in June that he had rejected a £40 million bid from an undisclosed American company unrelated to Textor. Chansiri’s asking price is believed to be closer than £100 million.
The players have been paid late four times in the last five months, but their salaries are now up to date after the Premier League paid Wednesday £2.7 million in solidarity last week. The second installment is expected in January.
Wednesday has a dire financial predicament. Dejphon Chansiri, the owner, has conducted conversations with numerous potential buyers this summer and announced in June that he had rejected a £40 million bid from an undisclosed American company unrelated to Textor. Chansiri’s asking price is believed to be closer than £100 million.
The players have been paid late four times in the last five months, but their salaries are now up to date after the Premier League paid Wednesday £2.7 million in solidarity last week. The second installment is expected in January.
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