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Wednesday, 3 November 2010

Sheffield Wednesday - Kevin Mundie withdraws his interest

Sheffield Wednesday have suffered a setback in their battle against a High Court winding-up petition after a consortium led by Kevin Mundie, a senior executive at Certified Oilfield Rentals withdrew his interest in buying the club.

Sheffield Wednesday are due in court on November 17 to face possible administration following a winding up petition by the HMRC for their tax debts. The club is in debt to the tune of £30m.

The Co-operative Bank had provided £800,000 to stave off a previous winding-up petition against Wednesday in September.

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