Sheffield Wed Financial Problems

Correct.
No time for sentiment when there’s a deal to be done

 

Aye, Neil Warnock across the same city did us over around admin time for Andy Gray and the full back that later went to Bournemouth. Edit: Simon Francis.

Million pound Gray burgled from us for a pittance!

 

Is deluded Derek still there ?

 

Bradford-based Wednesday fan here. Have read this thread with interest. It’s been quite a summer and for the last two months I’ve been helping out with the Suuporters Trust in a financial sub-group. Currently working on shaping the Trust’s role in helping fans with season ticket refunds.

There are many knowns and as many unknowns about Dejphon Chansiri. What is known is that whatever money he had (or had available to him) he put all on black in 2016 to 2018. When it landed on red we’ve paid the price ever since because he had no plan B.

Many fans saw this coming from very early on (eg when he changed the badge from the traditional minimalist owl used since the 70s) and it’s taken 10 years for the majority to wake up to his destruction of the club.

Relegation is a nailed on certainty for the coming season, if indeed we start the season at all. Rumours abound that buyers are interested but if it happens it will happen too late to make a difference. We’ve lost a large chunk of last year’s first team squad including Gassama to Rangers for a reported £2.2m. When Rangers sell him on for £20m in a year or so we won’t see any of that.

Hillsborough is falling to bits. Apart from a new TV and carpet in the early days, the place has had no money spent on it in 10 years. In fact there’s been no major work done since the 90s. It literally is a rust bucket and as of today, we don’t know if the North Stand (the large cantilever stand), which houses around 7500 season ticket holders, will be closed because of maintenance work that has been put off since 2021. Ironically, it will be quite fitting to have the stand with his name plastered over it (he replaced SWFC soon after buying the club) empty for all the world to see.

Every day is another shitshow. As a Trust we are working to try and get buyers interested, we’re looking at a Pompey style fan rescue and we’re looking at what it takes to form a phoenix club. It’s hard, unrelenting work.

I follow City with interest and was there for your fantastic promotion game. I will probably be back at VP again this season as, having boycotted Hillsborough since Covid, I have no intention of returning until the cancer has been ripped out of my club.

Good luck to City in L1.

 

Another muppet playing god with peoples lives

 

The club statement is unadulterated meaningless spin without the context of what is actually being done to solve the problem.

 

Can you see anybody saving them .. ?
I reckon they could be the next Bury..

 

It’s probably a valuable club to Yanks with bottomless pits of cash and moreso now with Trumps tax cuts for $billionaires.

 

I heard on Talksport £100m being quoted ……

 

https://www.bbc.co.uk/sport/football/articles/ce3j27y92p8o

 

I don't think this article really grasps how on the edge Sheffield Wednesday are.

There is a very real possibility that if the EFL don't think Sheffield Wednesday have the money to complete the season they will most likely suspend them from the league for a period of time like what is happening to Morecambe and what happened to Bury, after that period if the club can't satisfy the EFL that they have the funds to finish the season they'll have no option but to expel them from the EFL and unless a takeover was to happen there is no way the National League will accept them next season. If that happens then it is very likely to be the end of the club.

 

You could well be right. It’s grim.