English Championship club Sheffield Wednesday reportedly has confirmed that talks are continuing with a Chinese consortium about a takeover following Owls chairman Dave Allen's meeting with a Chinese party, headed by a multi-millionaire casino owner. "They have been talking again with the chairman. Dialogue is ongoing. There are a number of other parties that have been in contact about the possibility of investing money," a club spokesman told the BBC.
Allen, chairman at Hillsborough since 2003, first revealed he was keen to hand over control to someone who could wipe out the club's £26 million debts at the turn of the year. He said at the time: "We are not looking for small-time people, we are looking for a mega-rich businessman like Roman Abramovich at Chelsea, who want to buy a football club for a hobby. "This man has made money from casinos overseas and has vast wealth."
Allen, chairman at Hillsborough since 2003, first revealed he was keen to hand over control to someone who could wipe out the club's £26 million debts at the turn of the year. He said at the time: "We are not looking for small-time people, we are looking for a mega-rich businessman like Roman Abramovich at Chelsea, who want to buy a football club for a hobby. "This man has made money from casinos overseas and has vast wealth."