The supporters group Wednesdayite have also urged members to vote in favour of selling their shares with the outcome of a ballot to be announced on August 6.
Sportswear tycoon Sheard meet with Owls directors Geoff Hulley and former director Keith Addy, with reports suggesting that they had agreed to sell their 10 per cent stakes.
Sheard remains confident a deal could be done but suggested that the idea of the takeover being imminent was premature.
"I don't know where that information has come from and it's certainly premature to say that.
"However, we did have a meeting which went well and I'm confident that everything is progressing well."



