Allen wants fans' shares

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Sheffield Wednesday chairman Dave Allen has offered new manager Brian Laws money for January, should a fans' group hand back their shares in the club.

Allen is keen to claim back the 10 percent shareholding the club supporters group 'Wednesdayite' have in the Championship outfit, and has offered to give Laws a £500,000 transfer kitty as an incentive.

"I will give Brian Laws half a million pounds from my own pocket for a player when the transfer window opens in January, on condition that Wednesdayite give back their shares, which were given to them in the first place," Allen told the Sheffield Star.

"I think it's more important that the club goes forward.

"Only if somebody can get 51 percent of the shares is there any chance of us getting a big-timer investor."

Wednesdayite have been reluctant to hand over their shareholding to the club's board, having rejected a £333,000 bid a year ago, and are likely to reject the latest offer from Allen.

Meanwhile, Owls midfielder Yoann Folly has had his contract extended after an impression run of form at Hillsborough this season.

The former Southampton man, who signed an initial one-year deal back in the summer, will remain with Wednesday until the end of the 2008/09 season.

The deal is with an option for a further 12 months beyond that, with Laws pleased to secure the 21-year-old's future.

"I'm delighted Yoann has signed this new deal," Laws told the club's official website.

"Since I've been here, I've been very pleased with his contribution to the team.

"He is quality and I think he deserves to have the security of this contract."