Sheffield Wed Financial Problems

I’ve they don’t have sufficient funds in the bank to tide them over for a couple of months or whatever then they need a head shake . Yes he’s likely playing chicken agreed.

 

Sorry but the powers that be should have the right to rid clubs if these fookwit owners ..........hes been offered £80 million pound for a club that hes fooking owner how many clubs have gone under due to these type of owners ??????

Should there not be something within the EFL to protect every club from this sort of situation ????

 

They may struggle to save face as they accepted him as a
“ Fit and Proper person” in the first place ?

 

Simple solution. Scrap relegation and promotion. There would be no need to "invest" or speculate large amounts of cash, owners would have a steady income stream, players would have to accept lower wages, ST prices would remain static or in line with inflation. Easy

 

Maguire said SW have one of the smallest budgets in the Championship.
Bottom 6 he thinks and that they outperformed last season.

 

Dont mind investment so long as it doesnt fook about with the clubs future as we found out to our cost and are still dealing with now

 

So sad to see this sort of thing happening to a club like Wednesday, unfortunatly as we know only too well its the fans who will ultimately suffer.
It reminds me of our second administrative when around a dozen of us sat waiting some news coming out of the meeting, the only time I've been more nervous was before I got wed and that's been through the odd difficult time .

 

“Investment” to purchase a club or players by using borrowed money is the killer for many clubs . The debt interest is astronomic as once income or value falls the ability to repay puts the club under severe pressure .( Man U , Wed , BFG !)

 

It was a bit tongue in cheek m8, I started watching in 58 and for about 10 years most teams had a reasonable shot at a cup or title and most players were home grown, then a few clubs started throwing money around, and sadly it continues
Last seasons EPL saw the three promoted clubs relegated, but the 17th to 15th had combined income streams of over 1.7B €
That's the crazy world of football now!

 

A closed shop in one fell swoop. Sounds like the next step will be the “ draft” with clubs fighting over a huge pool of “ incoming” players ?

 

I feel for the Wednesday fans
All of this beyond their control and all because some charlatan foreign owner is just wanting a train set to play with, one he thought he could make money out of, one that was passed as a fit and proper person by the powers that be
Football stinks and no one is cleaning the air

 

I am always a bit reluctant to have a go at owners who are putting the money in.
Chansiri has been funding SW for £1m a month for several years.

 

Won't be long in the PL

 

Living beyond their means
He is the owner and ultimately controls the purse strings
No sympathy for him at all, its owners like this that are the death of football clubs that have been part of the community for over 100 years
Wednesday will be lucky to stay up as it stands and once you start to fall, it takes a lot to turn it around, as we know only too well
The greed from the very top is pushing through all the leagues and is not good for the game
A reset is needed, but will not happen
Man City relegated from their financial mess could be the spark but the FA have not got the ball’s

 

Sadly you may not be wrong, a relegation battle has replaced winning trophies as my main motivation now days

 

And what a shame that is
West Ham are a fine football club and should be challenging for English honours, not scraping survival in the top flight

 

Quite a sad time for football at the moment as it's not just Sheffield Wednesday with troubles, Farsley have had to withdraw from the Northern Counties East League and won't have a senior team this year as they've still got nowhere to play and no players, Widnes have withdrawn from the Northern Premier League due to lack of help from the council to get their own stadium and they can't afford to keep going in the rugby stadium. Also in the last few hours Morecambe's directors have said the club will go into administration at 4pm today if the current owner doesn't sell by then.

All the situations are slightly different but the common theme is that they all relied on owner funding to survive and once that is gone they are in big trouble. For me I would have a complete overhaul of the financial rules and making them about making clubs sustainable on their own and ban owners funding huge losses on wages. If they want to invest in the club they can invest in things like stadium improvements, academy structure and training grounds which have long term benefits for clubs.