• The first stage of the forum upgrades has now been completed but they remain in a degraded state and are still being worked on. Normal posting/reading should now be possible.
    Please read this thread for more details.
    New user registrations are currently disabled.

Sheff Wed - financial issues


Hank Scorpio said:
I hope I’m wrong but I can’t see them getting a buyer. Their present owner will still want a fortune for a club that basically has very little value.
Click to expand...
That’s my opinion too , stadium is decrepit and needs millions spending on it , training ground similar (stadium isn’t owned by SWFC either)

Why would anyone buy now , when they can wait until they in league one /admin and pay less , also the 3 window transfer embargo
Hongkongphooey said:
Shameful that this is allowed to happen, how did the owner pass the stringent rules set up by the EFL , oh had on.......
Click to expand...
Because at one point he ran the club correctly and put a lot of money in ,unless he breaks a law there’s little the EFL can do
 
Last edited:
I like sheff wed and always thought of them as similar size to us but must be 25 year’s since they were relegated and we were crying about 8 years outside of top flight!
 
Just proves that there are worse things than relegation, running the club financially smartly might be boring but it should be priority number 1 for every owner. I bet if you could offer Sheffield Wednesday fans an average, unspectacular owner but they're placed in the National League they'd snap your hands off.
 
If Manu for example continue to be an absolute cluster fuck, we will do well to hold on to Speakman. His work in dragging us back to our rightful place will not have gone unnoticed.
 
Nathan Gunn said:
Don't know if this would work legally, but the fit and proper person test should be a rolling test which an owner has to pass every year. The moment that test is failed, the EFL should have the power to strip that club from the owner - similar to the way Abramovich was forced to dispose of Chelsea.

Surely for the long term future of the pyramid this needs to happen.
Click to expand...
A superb idea unfortunately itd need the owners to vote it in and turkeys don’t vote for Xmas.
Redandwhitedust said:
Always had a soft spot for Sheff Wed. No real reason why.

Morecambe in the shit too.

But players at the other end of the spectrum demanding £350k a week and the media just accept it.

Until the media start openly criticising football/players at the top level instead of fawning over them. Nowt will change
Click to expand...
It’s the owners not the players fault when a club gets into financial difficulty. Some clubs are Tescos and Sainsbury’s while others are corner shops. Owners more than anyone else in the football industry need to realise this.
Media owners certainly aren’t gonna have their companies slagging off people for earning high wages as it’d just be turned back on them.
Hongkongphooey said:
They should have the power to interject then if that is the case, it looks like they've just sat back with their feet up and allowed the carnage to happen.

Looks like the bloke is off his nut, everyone else's fault but his. The definition of a narcissist.
Click to expand...
Anyone at the FL who who started to propose these sort of powers would find themselves seeking new employment thanks to the owners themselves. If and when the other 71 current owners decide to sell up they’ll want the biggest possible market place and every extra condition imposed by the FL has a chance of restricting that. Ditto in the PL.
 
Last edited:
riffraff said:
It’s the owners not the players fault when a club gets into financial difficulty. Some clubs are Tescos and Sainsbury’s while others are corner shops. Owners more than anyone else in the football industry need to realise this.
Media owners certainly aren’t gonna have their companies slagging off people for earning high wages as it’d just be turned back on them
Click to expand...

I get that. But the media companies dont need to be slagging off players for taking high wages. They just need to be a bit more critical of the way the game is run.

When the transfer deadline day comes round, they normalise figures like £150m and £100k a week. And in some cases wven try and justify it. Often several times a day

While Sheff Wed/Morecambe get a line in the ticker on Sky sports news and 30 seconds on the evening news.

Id like to see journalists using their platform to highlight the state that football is in, and to criticise just how extreme wages have gone.
"Hes gone on a £200k a week deal to Man City" could easily be "its another obscene wage package, £200k a week"

I think in my lifetime I will see a big legacy club fold. Maybe when it's a Man United or someone like that, football might take notice
 
Chansiri had the chance to sell for something close to 40 million which would have gave him a profit of around 5 million if what is reported is correct. Only his ego stopped that happening and he has held on in the belief that he can push the club forward on a shoestring and by some miracle or fluke get promoted to the pre iré league where he would have made an absolute fortune. Greed is the issue here and ego.
 
The owner is clearly an absolute whopper and it's a great club.

Maybe a bit of karma for thousands of them chanting "We're having a party when Derby die" a few year ago.

Not that I'm saying it's justified etc just you never know what's round the corner
 
Flea Market Trader said:
Chansiri had the chance to sell for something close to 40 million which would have gave him a profit of around 5 million if what is reported is correct. Only his ego stopped that happening and he has held on in the belief that he can push the club forward on a shoestring and by some miracle or fluke get promoted to the pre iré league where he would have made an absolute fortune. Greed is the issue here and ego.
Click to expand...
Wasn’t there something about his loan commitments from whoever loaned him the money already though hence why he’s hanging on and ruining the club? It’s a total travesty to be fair and the EFL need to stop all of this splitting companies in two so you don’t own your own assets as unsure where the value of the club is without the stadium, whatever state it is in, it’s certainly nowhere near 100m and probably no more than 25 in its current state with how he’s ran it, losing key staff and players along the way plus their transfer ban. A pathetic individual and owner that bloke
 
Just been reading some stuff on a Wednesday forum and the sale of the stadium smells a bit iffy.

Looks like the owner sold the stadium to a company he owns for £60m but no money changed hands. Since then, Wednesday have been paying this company £2.5m a season in rent.

I think Wednesdays turnover is only around £25m, so to lose £2.5m in rent is big.
 
Hank Scorpio said:
Just been reading some stuff on a Wednesday forum and the sale of the stadium smells a bit iffy.

Looks like the owner sold the stadium to a company he owns for £60m but no money changed hands. Since then, Wednesday have been paying this company £2.5m a season in rent.

I think Wednesdays turnover is only around £25m, so to lose £2.5m in rent is big.
Click to expand...
That doesn’t even scratch the surface of what he’s been up to
 
Ron Swanson said:
Wasn’t there something about his loan commitments from whoever loaned him the money already though hence why he’s hanging on and ruining the club? It’s a total travesty to be fair and the EFL need to stop all of this splitting companies in two so you don’t own your own assets as unsure where the value of the club is without the stadium, whatever state it is in, it’s certainly nowhere near 100m and probably no more than 25 in its current state with how he’s ran it, losing key staff and players along the way plus their transfer ban. A pathetic individual and owner that bloke
Click to expand...
If only he had sold when he had the chance and for a profit. It makes no sense other than his own ego or and greed.
 
Sidewinder2 said:
The owner is clearly an absolute whopper and it's a great club.

Maybe a bit of karma for thousands of them chanting "We're having a party when Derby die" a few year ago.

Not that I'm saying it's justified etc just you never know what's round the corner
Click to expand...
It was a group of about 20 young pissed up Muppets outside the ground, the rest of us were sympathetic to their cause.
 
Sidewinder2 said:
The owner is clearly an absolute whopper and it's a great club.

Maybe a bit of karma for thousands of them chanting "We're having a party when Derby die" a few year ago.

Not that I'm saying it's justified etc just you never know what's round the corner
Click to expand...
Don’t think the majority of fans would have been chanting that, would have been the idiot contingent.

We’ve got our fair share of those too tbf, every club has.
 
Flea Market Trader said:
If only he had sold when he had the chance and for a profit. It makes no sense other than his own ego or and greed.
Click to expand...
The strong rumours are he owes millions to lenders upon sale of the club which would leave his skint. He's skint now but he still has an asset, so why sell?
SAFC Wilks said:
Don’t think the majority of fans would have been chanting that, would have been the idiot contingent.

We’ve got our fair share of those too tbf, every club has.
Click to expand...
Correct.
 
You must log in or register to reply here.
Back
Top