Hillsborough

Next Game

Sheff Wed v Bristol C

Saturday, 08 August 2015, 15:00

Sky Bet Ch'ship

Mandaric waits on takeover

Sheffield Wednesday chairman Milan Mandaric is prepared to give prospective new owner Hafiz Mammadov more time to complete his proposed £40million takeover of the club.

Last Updated: 08/08/14 at 15:15 Post Comment

Milan Mandaric: Prepared to give Hafiz Mammadov more time to complete his propos

Milan Mandaric: Prepared to give Hafiz Mammadov more time to complete his propos

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

But Mandaric issued Mammadov with a warning at a face-to-face meeting in London by confirming he is ready to pull the plug and speak to new investors if the Azerbaijani oil magnate does not deliver on his promises "within a reasonable timescale".

"Unfortunately, despite much hard work from both parties Mr Mammadov has not yet been able to perform his obligations under the terms of the agreement," Mandaric said in a club statement.

"We continue to have dialogue with both Mr Mammadov and his advisors and we are hopeful that the issues he is dealing with in Azerbaijan, which are delaying his ability to complete the deal will be resolved and that he will fulfil his obligations within a reasonable timescale.

"During my recent meeting with Mr Mammadov in London he gave me his personal assurance that he intends to complete the deal as quickly as possible and has apologised for the delay, which is clearly causing concern to the supporters of our club.

"I still believe that Mr Mammadov will be a wonderful owner of this football club and his vision for the future compels me to resist any temptation at the moment to terminate the process and open new discussions with other potential interested parties who have contacted me during the process.

"I shook Mr Mammadov's hand and my word is not something I renege on.

"Clearly there may come a time when I am unable to allow the process to continue, the stability of the club is of paramount importance to me and I do understand how the uncertainty of ownership can become a negative force if allowed to drag on.

"I would like to assure supporters that whilst this process is ongoing I will continue to give my full support to (manager) Stuart (Gray) and his plans for the forthcoming season.

"We have a fine squad and I hope with the addition of two or three more players before the window closes we will be in a position to mount a strong challenge this season."

Mandaric, who will stay on as chairman if the takeover goes through, first confirmed a deal had been struck with Mammadov in June.

Mammadov also owns Azerbaijani side FC Baku and newly-promoted French club Lens.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

t all started going downhill when they started putting a photo of the writer along side their story. Journalists started to think that 'they' are the story, rather than what they write. Smug, self obsessed & up their own arse's. That sums up the majority of newspaper sports reporters.

cozens
Do We Need So Much Football Media?

T

he reason so much sh*t is written about football is because there are so many people who want to read sh*t about football. Now shut up, take my money, and tell me Ronaldo is going to sign for Van Haal and that Mick McCarthy is signing Peter Crouch on loan.

hump3.
Do We Need So Much Football Media?

W

enger's delaying tactics in the transfer market creates goose pimples whenever a player is linked to Arsenal. The approach in buying players need to be changed@@#

mokaya
New striker 'on Wenger's list'

Footer 365

Louis Van Gaal vows to walk away in 2017

Manchester United manager Louis van Gaal is determined to win the Premier League in the next two seasons but will retire in 2017 regardless.

Sergio Romero signs for Manchester United on three-year deal

Manchester United have signed Argentina international goalkeeper Sergio Romero on a three-year contract.

Bastian Schweinsteiger fitness boost for Manchester United

Manchester United have been handed a lift on their pre-season tour with the sight of Bastian Schweinsteiger training again.

Mail Box

Only Arsenal Fans Care About Friendlies

We are not entirely surprised after Arsenal fans leapt to the defence of friendlies. We also have mails on Louis van Gaal, Liverpool and more mundane tales...

Friendlies: Still Completely Meaningless

There is sharp message for anyone thinking about getting excited about friendlies, plus worries about Wayne Rooney. Every one of you has met a bloody footballer...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company