Do feel for their fans,in spite of the "Always look on the bright side of life"being sung when we got relegated and they beat us 1-0.Ah well what comes round comes round.
Massive bill on the new lease for the stadium due in September and Chansiri told all the players if they got relegated, then their salaries would be halved and if they don't like it they can leave.
Read something on Owlstalk that said if they don't pay 7m in September then whoever they owe the money to can kick them out of Hillsborough.
Very dramatic, but what is the owner going to do with an empty stand in an area with little value. It was the selling of the ground for such a huge amount that raised so many eyebrows. I also think he effectively sold the ground to himself. Just read that the Club sold the ground to Chansiri for £60m, making a profit of £38m.
From what i've read he took a loan out to pay for the ground and a 7m payment is due in September. So if it doesn't get paid the fear is that the investment fund/whoever lent him the money can then claim the ground. All very dramatic as you say, but if Chansiri can't pay their wages how's he getting 7m to pay for the ground repayment?
There's even a thread on their forum about where they will play if they're kicked out of Hillsborough. I'm sure it won't come to that but it does show you how bad things have got there.
And I remember some of their fans giving me pelters on Twitter when I pointed how incompetent Meire was.
They all thought you were just a bitter (wannabe) ex!! 😉
Massive bill on the new lease for the stadium due in September and Chansiri told all the players if they got relegated, then their salaries would be halved and if they don't like it they can leave.
Read something on Owlstalk that said if they don't pay 7m in September then whoever they owe the money to can kick them out of Hillsborough.
Very dramatic, but what is the owner going to do with an empty stand in an area with little value. It was the selling of the ground for such a huge amount that raised so many eyebrows. I also think he effectively sold the ground to himself. Just read that the Club sold the ground to Chansiri for £60m, making a profit of £38m.
From what i've read he took a loan out to pay for the ground and a 7m payment is due in September. So if it doesn't get paid the fear is that the investment fund/whoever lent him the money can then claim the ground. All very dramatic as you say, but if Chansiri can't pay their wages how's he getting 7m to pay for the ground repayment?
There's even a thread on their forum about where they will play if they're kicked out of Hillsborough. I'm sure it won't come to that but it does show you how bad things have got there.
The ‘owner’ I was referring too was the owner of the ground, but given the ridiculous amount paid for what is effectively a piece of land that is worthless, the only realistic owner is Chansiri and that the sale was purely a vehicle to pump money into the club.
Effectively the payment due is irrelevant, unless they go into administration.
When we got relegated from the championship in 2009 when we were already down I think last game of the season we beat Norwich 4-0 or something stupid and they went down at our ground and plenty of our fans were jubilant at that just the same as Wednesday fans were at us in 1999 . Anyone know of any bitter Norwich fans towards us . I don’t see this hatred against Sheff Wed unless you took a slap from their fans way back when .
Of course their owners a Cnut and it’s fcuked em big time and their financially shenanigans of a season earlier to our relegation (obviously with follow through in to our relegation season ) may have benefitted us just like the clown ownership at Wigan nearly did . we went down with prick owners and a transfer embargo and so have they .
if the demise was palace or scum i could understand it but a team 180 miles away nah not having it obviously everyone has their own views so crack on but I’ve never minded Wednesday but I’m easily swayed by a massive away support !!
There fans were horrible in the 2011 season, had issues with them at the away game and on the train after home game. We tried to warn a lot of the fans about Meire, and all we got back was we had sour grapes. Large proportion of the fan base were on owners side when he sold the ground to himself and thought the scrutiny and deduction afterwards was unfair.
There’s a lot to dislike Wednesday over other than the 2009 season you’ve mentioned
Administration may be an option for them although I don't know what that would mean for Hillsborough. They seem to be at a point where the battle is not for promotion or even avoiding relegation but the very survival of their club. On the plus side, they are an attractive club you would think. And we are an example how with the right buyer, things can change pretty quickly. But the current financial climate is a negative factor. It makes you think we were probably pretty lucky.
The people to whom he owes the money he used to buy the ground will presumably have a charge over the asset. If he can't pay the loan back, they will probably claim the asset otherwise they'll be massively out of pocket.
I'm guessing the club are paying rent to use the ground, in which case the new owners may have no option but to let that use carry on, but if they don't have a rental agreement of some kind the new owners would presumably be free to kick Wednesday out. What would they do then? I doubt they'd get permission to put houses on it so their only source of income could be letting Wednesday play there.
Do feel for their fans,in spite of the "Always look on the bright side of life"being sung when we got relegated and they beat us 1-0.Ah well what comes round comes round.
I don't even see as taunting. It's a very sensitive, and hypocritical fanbase we have at times.
Did we play someone at selhurst one season and they thought theyd stayed but hadnt?
There was, they beat us but I think it was Luton who scored a late goal that sent them down. Believe it was the year we were relegated from the old 1st Division.
No they don't. Alan Nixon, EFL give them a point addition as they have reduced the wage bill by not playing their players. EFL and Sheff Weds are best buddies.
I remember Wednesday away when Jackson scored the famous free kick winner ...promotion season under Powell which was all the more sweet as one sw tosser pushed me into the urinal in a pub before the game. Being a very forgiving kind of bloke I took that but I do not forget it. So no sympathy from me.
Sheffield Wednesday could face a potential further points deduction next season if they don't settle the issue of wages owed to players.
The Owls reportedly owe players for not being paid the full value of their salary in recent months while some are due end-of-season loyalty payments, with the cost of money owed spiralling in what has been a long-standing issue dating back to last year.
A report in today's Sun on Sunday claims the money owed has now reached a staggering £12m.
That level of money would represent a real danger to the Owls, who have had income hit by the global pandemic and now face the prospect of further reductions following their relegation to League One.
The Star reported recently that – as per FIFA rules – a number of Owls players were considering handing in their 15-day notice on the back of going unpaid once again last month, while it has since been noted that the Professional Footballers Association has gotten involved.
Plenty has been said about Dejphon Chansiri and the current financial state of his side given the talk of walkouts and potential deductions.
Wednesday paid £37.4m in wages according to their 2018 accounts, a figure that dropped to £32.3m in the 2019 accounts released earlier this year.
The 2019/20 accounts are yet to be released - as a side note, their embargo is set to be lifted once they are submitted - but it is thought that that wage bill will drop drastically once again following the exits of several high-earners such as Steven Fletcher, Fernando Forestieri and Kieran Lee.
On top of that, Wednesday financial situation will be alleviated even further as of July 1st, with more high-earning players like Jordan Rhodes, Keiren Westwood, Tom Lees and Adam Reach giving Chansiri even more wiggle room.
Murmurs from around the club suggest that the current wages situation is the priority over anything else at present, and that an end could well be in sight as the chairman looks to put the matter to bed.
Sheffield Wednesday's off the field issues have been well publicised. (Photo by George Wood/Getty Images)
Only time will tell exactly when it will be settled, and whether the situation will rear its ugly head in the future, however the major drop in salary payments from the start of next month is thought to be a key factor in making the club much more sustainable going forward.
Wednesday are expected to be playing in the free agent and loan market this season – both options even under embargo as long as there are no fees – and that new strategy rather than the big-spending of previous years will also help proceedings.
After how the 2020/21 season transpired, Chansiri will be desperate to avoid any further run-ins with the English Football League as he looks to given Darren Moore the best chance of first time promotion.
Sheffield Wednesday could face a potential further points deduction next season if they don't settle the issue of wages owed to players.
The Owls reportedly owe players for not being paid the full value of their salary in recent months while some are due end-of-season loyalty payments, with the cost of money owed spiralling in what has been a long-standing issue dating back to last year.
A report in today's Sun on Sunday claims the money owed has now reached a staggering £12m.
That level of money would represent a real danger to the Owls, who have had income hit by the global pandemic and now face the prospect of further reductions following their relegation to League One.
They seem to have an issue whatever happens with points as surely it is going to be difficult to attract new players. We saw with Bolton, players who are owed money will probably be less likely to walk until the debt is settled but these players won't be highly motivated.
Of course, you don’t want to see players go unpaid, but it once again highlights how much of trough and unsustainable world these footballers live in. With the greatest of respect, they’re not even decent players. They are okay. That’s how screwed the game is. You can be okay and take home £20/30k a week. There’s a lot of lessons to be learned by this sorry tale playing out up there, from player wages to dodgy owners to limp governing bodies, yet none of those lessons will be learned
The owner came in gunning for the Premier League. Apparently he slagged off Brentford for lacking ambition at the time. Wednesday toyed with the play offs then started to collapse within itself and the EFL allowed them to cheat to make an unsustainable push. It has caught up with them and the fact teams like Wednesday and Derby can take these punts is a real issue that needs addressing but don't hold your breath.
Both Sheffield Weds & Derby are up shit creek. Both perfect examples of how not to run a football club. I'm amazed Wednesday are joint favourites to win the league this year do bookies not follow the news ? Imo more chance of them getting relegated than promoted
Comments
Effectively the payment due is irrelevant, unless they go into administration.
I'm guessing the club are paying rent to use the ground, in which case the new owners may have no option but to let that use carry on, but if they don't have a rental agreement of some kind the new owners would presumably be free to kick Wednesday out. What would they do then? I doubt they'd get permission to put houses on it so their only source of income could be letting Wednesday play there.
Poor old Sheff Weds ....... it never rains but it pours!
Sheffield Wednesday could face a potential further points deduction next season if they don't settle the issue of wages owed to players.
The Owls reportedly owe players for not being paid the full value of their salary in recent months while some are due end-of-season loyalty payments, with the cost of money owed spiralling in what has been a long-standing issue dating back to last year.
A report in today's Sun on Sunday claims the money owed has now reached a staggering £12m.
That level of money would represent a real danger to the Owls, who have had income hit by the global pandemic and now face the prospect of further reductions following their relegation to League One.
The Star reported recently that – as per FIFA rules – a number of Owls players were considering handing in their 15-day notice on the back of going unpaid once again last month, while it has since been noted that the Professional Footballers Association has gotten involved.
Plenty has been said about Dejphon Chansiri and the current financial state of his side given the talk of walkouts and potential deductions.
Wednesday paid £37.4m in wages according to their 2018 accounts, a figure that dropped to £32.3m in the 2019 accounts released earlier this year.
The 2019/20 accounts are yet to be released - as a side note, their embargo is set to be lifted once they are submitted - but it is thought that that wage bill will drop drastically once again following the exits of several high-earners such as Steven Fletcher, Fernando Forestieri and Kieran Lee.
On top of that, Wednesday financial situation will be alleviated even further as of July 1st, with more high-earning players like Jordan Rhodes, Keiren Westwood, Tom Lees and Adam Reach giving Chansiri even more wiggle room.
Murmurs from around the club suggest that the current wages situation is the priority over anything else at present, and that an end could well be in sight as the chairman looks to put the matter to bed.
Only time will tell exactly when it will be settled, and whether the situation will rear its ugly head in the future, however the major drop in salary payments from the start of next month is thought to be a key factor in making the club much more sustainable going forward.
Wednesday are expected to be playing in the free agent and loan market this season – both options even under embargo as long as there are no fees – and that new strategy rather than the big-spending of previous years will also help proceedings.
After how the 2020/21 season transpired, Chansiri will be desperate to avoid any further run-ins with the English Football League as he looks to given Darren Moore the best chance of first time promotion.