Sheffield Wed Financial Problems

The Wednesday debacle is nearing its conclusion. The favourite to purchase the ckub is Mike Ashley with the other potential buyer - an American consortium drawn from two earlier American bidders - not being able to meet the Administrator's terms

It appears that the Ashley offer is 'only' £20mill which is much less than expected - and less than the American's offer - and will result in yet another points deduction for the club. That would probably mean that Chansiri won't receive his full 25p in the pound on his loans. Worra shame!

I wonder what the fans think of Ashley becoming the owner of their club?

Edit - Things can change quickly! Another consortium with wider interests in football ownership, including owning a Scottish championship club, is rumoured to be announced shortly. This consortium has agreed to pay the creditors what is owed in accordance wirh the EFL rules, something which Ashley refused to do.

 

Thanks.

The parallels between Benham's approach at Brentford and Botd's intentions at Wednesday are obvious. Both regard data analytics as a key part of building quality squads without some of the eye watering costs. Whether Brentford's success can be replicated at Wednesday is the big unknown. We may well be able to judge that better when we see them at VP next season!

 

The EFL is believed to have made that very point to the Wednesday administrators. The difficult part to swallow would be that Chansiri who is the largest creditor and the creator of this mess would get 25% of his loans back under the EFL insolvency 'rules'. The only positive is that at least he won't be covered for everything!