Sheffield Wed Financial Problems

The EFL will be asking Sheffield Wednesday for lots of financial information that they will use to establish if there is a realistic option of completing the season so there will be evidence to back it up. The solidarity payments and TV rights won't go very far, current estimates for the TV money for the Championship is up to £6m per year plus a bit extra each time they are on TV, solidarity payments are £5m so £11m in total which will go very quickly especially with so many debts to pay off.
It's looking a very similar situation to Bury where the EFL can only do so much to force a sale, ultimately if Chansiri doesn't want to sell the EFL don't have the power to force him to sell, all they can do is disqualify him as a director of a football club but all that does is just puts pressure on him to sell.
The problem football will always have is the leagues are really just competition organisers controlled by the members which are the clubs and it's a big reason by real effective financial rules won't be passed as clubs won't agree to them like we are seeing in the Premier League with clubs refusing to ban selling women's teams to a sister company to get around PSR.

 

Shortest contract ever...
Maybe he knows they won't be paid at the end of next week?

 

There’s something really really odd at play here. Why on earth would Bannon re-sign ? I just don’t get it.

 

Dhgate will make a right killing though

Honestly i simply do not know the owners game ?????

 

The evidence is surly thatthe man hasnt a pot to pee in and hes trying to cause as much damage as he can ................fook knows why ????

I mean for what he was offered last month is gonna keep dropping withthe antics hes employing now

 

Just picked this up from the BBC sport app .

“And it is an ongoing issue in the second tier of English football, in the sense that average losses are £400,000 per WEEK ! “


Crikey .

 

Will be interesting to see what happens this afternoon with regards to protests in the stands from Wednesday fans.

Can see them getting utterly mullered today, 6 or 7 perhaps.

 

Cruel irony that a lot of their fans missed their goal due to a lot them being stuck outside because of overcrowding in the concourse but I'm sure they will get over it very quickly as it's the least of their worries in the grand scheme of things.

I think their starting 11 is ok so I don't think they will get hammered or at least early on in the season they won't. When they get further into the season and suspensions/injuries happen I think then they will really struggle as that will be when the. Luckily they have a Carabao Cup game on Wednesday so Bannan will only be suspended for that game rather than a league game

 

The council have given the go ahead for the stand to open. I wouldn't blame any fans if they are sceptical about it and don't trust the council
https://www.bbc.co.uk/sport/football/articles/cd9jy9y5nwyo

 

Bit of good news for them tonight and a bit of a cash injection coming their way with beating Bolton tonight to set up a home tie with Leeds

 

But with stands not having safety licences the capacity will be reduced, plus segregating the Leeds fans.

 

Haven't the council given the government ahead on the stands now?

 

No idea that's why I was questioning about the stand situation, icctheyvhagd clearance then it will be a good pay day give Leeds as many as they can take.

 

Wednesday just knocked Weeds out of the League Cup. 3-0 on penalties. Excellent.

 

Looks like they are going to have to resort to free agents if they are going to bring anyone in as the EFL have vetoed the loan deals they had in place.