We are of course disappointed that the club have had to announce that it is not yet in a position to put a proposal on new investment before the shareholders but we welcome the intention to continue with the efforts.

For us, the priority is to help the moves to develop a successful and sustainable future for the club in any way we can and we are pleased to be working co-operatively with the club in its efforts to achieve this. It is already clear that the changes which have been brought about within the club over the past three months have had a dramatic effect. We believe that the club has regained a sense of purpose and direction and we particularly welcome its commitment to the involvement of the fans and Sheffield Wednesday community.

We note that the bank and most of the stakeholders are supporting the work being carried out on the business plan and the proposals for debt restructuring. It is important that we all work together to help the club to improve its long term prospects of attracting investment, whilst implementing plans which will hopefully lead to financial stability in the short term.

The priority, for all of us, should be to support the club as much as we can. It is after all, in the interest of everyone, shareholders, fans and the wider community , that Sheffield Wednesday is financially stable, has a realistic, forward looking and positive business plan and has the potential to achieve success on and off the pitch.