MLSE denies interest in buying Sheffield Wednesday
Executive refutes report after English soccer club placed on the market
The owners of several Toronto sports franchises will not be adding an English soccer club to their stable after all.
Maple Leaf Sports and Entertainment, the consortium that owns the Maple Leafs as well as the NBA Raptors and Major League Soccer's Toronto FC, have denied a Canadian Press report indicating their interest in purchasing Sheffield Wednesday of English soccer's League Championship.
MLSE chief financial officer Ian Clarke indicated to CBC Sports.ca on Wednesday that the company has no interest in buying into the club.
"There's nothing to say," he added.
Last month, executives from MLSE met Sheffield Wednesday officials during a fact-finding mission.
Sheffield Wednesday currently plays in England's second division. The team was put up for sale Wednesday morning, citing the need for the investment required to regain promotion to the Premier League.
"The board have now requested that its financial adviser actively seek a buyer that shares the board's vision for the long term success of the club," the club announced to the London Stock Exchange. "If a buyer is found and its terms are acceptable to the board, then that party would be required to make an offer to all shareholders subject to the City Code on Takeovers and Mergers for the entire issued share capital of the Company.
"There is no certainty that such a party will be found at this time."
The Owls were relegated from the Premier League in 2000 and narrowly avoided dropping into the third-tier of English soccer last weekend in the final round of League Championship matches.