Commenting on the news that Sheffield Wednesday FC has avoided a winding-up order by being granted a 28-day adjournment by the High Court, Deputy Prime Minister and Sheffield Hallam MP, Nick Clegg said:
"Today's adjournment is welcome news for Sheffield Wednesday and will hopefully give the club the time it needs to attract the required investment.
"It is, however, only a stay of execution and much more needs to be done to safeguard the long-term future of this wonderful football club.
"I have been in regular contact with both the club and the bank over the last few days and I know how hard everyone is working to find a way forward. I will continue to help all parties in any way I can to find a workable solution to the club's plight.
"I know how much Sheffield Wednesday means to the fans and the city itself and a successful long-term solution must now be found."