<table cellspacing="0" cellpadding="0" width="629" border="0"><tbody><tr><td colspan="3"><div class="mxb"><div class="sh">Allen ready to sell Owls shares </div></div></td></tr><tr><td style="width: 416px" valign="top"><font size="2"><table cellspacing="0" cellpadding="0" width="203" align="right" border="0"><tbody><tr><td><div> </div></td></tr></tbody></table>Former Sheffield Wednesday chairman Dave Allen has told BBC Radio Sheffield he is ready to sell his shares in the club, and bring a takeover closer. Allen holds a stake of almost 11% and said he will sell on condition that fans group Wednesdayite, who own 10%, also sell their stake. </p> BBC Radio Sheffield understands a verbal deal has been agreed with businessman Geoff Sheard. </p> Sheard is the front man for a London-based international consortium. </p> <table cellspacing="0" cellpadding="0" width="208" align="right" border="0"><tbody><tr><td style="width: 5px"></td><td class="sib606"><div class="sihf">606: DEBATE </div><div class="ibqlinks">How do Wednesday fans feel about a takeover?</div></td></tr></tbody></table></p> Lawyers are believed to be putting the finishing touches to the deal before making a full written offer. </p> Sheard and Wednesday themselves have so far declined to comment but Wednesdayite have revealed that they have already entered discussions with the group and are awaiting a formal offer for their shares, which should arrive this week. </p> They will then have to ballot their members and vote on a change of rules to allow their stake to be sold. </p> Meanwhile, the mystery investors who attended Saturday's game against Cardiff are ready to pump millions of pounds into the playing staff, wipe out the club's debt and could even appoint a new manager. </p> Negotiations have been taking place for several months but it is thought that it could now be a matter of days before the club is under new ownership. </p></font></td></tr></tbody></table>
mark miwurdz.......... Paul Ince. After going to Wembley with MK Franchise and getting them promoted, he'll move on to a bigger club.