Sheffield Wed Financial Problems

Sheff Weds reporter for the Sheffield Star says that many of the players and non-playing staff have not been paid on time. Some staff were paid £700 for May but they say a majority weren't paid at all for May and had notice at the weekend that their June pay would likely not happen. Of the players which haven't been paid for 2 months in a row (if they get nothing today), they can effectively hand their notice in and in 15 days will be free to sign elsewhere.

Awful to watch this happen to a big club like that. Not sure if/what the powers that be can do other than slap them with embargos.

 

Sounds that way. A Sheff weds fanbase account similar to a City Vent type of account (so take it with a pinch of salt, its not confirmed) have said the players who were on the released list all weren't paid along with some U21s and the odd squad player. All the key players ended up getting something.

Although it sounds like Rohl is off to Leicester and will take his staff too. If they've not been paid for 2 months, I dunno if staff have the same rights to walk away as the players would?

 

It's how bad things get in the short term I suppose? They cant sign anyone for 3 transfer windows, and even if Chansiri sells today, that's in place for the next owners. Not ideal. They cant offer more than £7k a week to anyone during this embargo, which in the champ isn't going to get you far at all, I reckon some top L1 clubs probably offer that as "going rate".

You have to basically know it's going to be a terrible few years where you are going to lose millions if you are looking to buy Wednesday. Best case you are in L1, maybe a few U21s develop because they in all likelihood are going to have to promote a lot up. And when the dust clears, you have a base to build a promotion hunt back to the CH? Hopefully? But lets be honest, people who buy football clubs are businessmen and they know the longer they wait, the cheaper the price will be. It's only going to get worse before it gets better.

 

The guy is nuts. There's a Wednesday fan podcaster who said on twitter he's heard Chansiri wont drop his price and seeing things like Villa selling their womens team for £50/60m is only backing his claims about it's worth. Deluded if true. But nobody has a clue how much he has in reserve to keep going like this?

Really hope this one isnt another Bury and someone steps in at some point.

 

I cant believe less has been made about this in the media that there has been. It's a huge club and you have to go looking for the news yourself. Sky Sports barely mentioning it, BBCs football page doesn't have it a headline article on it anywhere.

 

Yes, sorry thought it put that up there. Free agents and more importantly, their agents, will all know Sheff Weds can only offer £7k per week at these players. I wonder if that £7k includes bonuses or if they are separate?

Like, is the most they can pay a player £7k a week all in, app fee, goal or assist fees etc etc? Or can they offer that as his wage and the given like £3k appearance fee and try make bonuses ridiculously high to make the contracts a bit more Champ standard?

 

Those 3 above are different as their contracts expired yesterday, so they have no need to hand a notice in, they are free agents as of today. Talks were on-going says the Sheffield Star, but when they hadn't been paid since April, it sounds like all 3 are looking elsewhere.

 

Paper making it seem like the higher value players were paid something in May so they aren't eligible to terminate. A SW fan account is saying that it's well known that a fair few of this squad are on way too much money and know full well another team wont give them the contract SW have. So they are left in a stalemate between staying and hoping it gets solved, terminating now and hoping you get your money within 15 days and can carry on your big contract, or walking away but knowing you are walking away from money that wont be match, but they'll at least have a contract that they know will be honoured elsewhere.

Chansiri game of chicken.