Mandaric “close” to rescuing Wednesday 24/11/2010 |
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Milan Mandaric has claimed he is "24 hours or less" away from being able to rescue Sheffield Wednesday.
Mandaric first emerged as a saviour for the club a fortnight ago, only to apparently pull out last week when his approach was rebuffed by key creditors.
But with administration looming, the current Leicester City chairman has returned to the negotiating table.
"I've made no secret of my desire to help the club – I hope I'm not too far from the line,” he told the BBC.
"I have given my representatives the green light to see if they can close the deal.
"Things are in the hands of the [Co-operative] bank now but they're being very helpful. I hope they'll get back to us in the next day or two and we'll be able to do some serious business.
"They know we're credible people – very football orientated and we're capable financially. So I don't know what else they'd need."
Wednesday was given a 28-day stay of execution against an HM Revenue and Customs (HMRC) winding-up petition last week, but faces another bankruptcy challenge from HMRC next week.
Mandaric is a former owner of Portsmouth who recently sold Leicester City for a reported £40m.
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