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Sheffield Wednesday - players and staff paid late 2 months in a row (p7)
Comments
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True.SWFChamish said:
I suspect it will happen later down the line. Weve had deductions before and it took a while for them to come into fruition due to various processes.Redrobo said:Didn’t the owner at Reading get a personal fine for the owner,a point deduction (1) and have to deposit money with the EFL when they hit three late payments?
I expect that to happen now to SW.
But ironically we won't need them. We are down anyway. I don't think we'll hit 25 points if we do indeed start the season. No need for anyone to worry about that.
But I suspect you and your fans would love a personal fine, and having to lodge money with the EFL to cover wages going forward will hopefully push him over the edge.0 -
But the football club doesn’t. He charges them around a couple of million a year which if I’m correct hasn’t been paid for a couple of years to which he adds interest. Perhaps one of the Wednesday fans can shed some more light.ElfsborgAddick said:
Chansiri does, he even has his name displayed in the seats of the North Stand.ShootersHillGuru said:
In Sheffield Wednesdays case they don’t own Hillsborough.Swindon_Addick said:
Yes, but that only applies if the club survives by doing a deal with its creditors to only pay a proportion of the amount owed. Clubs in that situation have to pay debts to players and to other clubs in full, or they get relegated multiple divisions as if they'd gone bust and started again. It's designed to ensure clubs will do everything they possibly can to ensure football debts are honoured.lordromford said:
I seem to remember there’s an agreement in place that ensures debts to football clubs and players are honoured first. I’m sure it was one of the reasons both Leicester and Palace ended up stiffing local businesses.letthegoodtimesroll said:
I thought I’d read along the way is that Wednesday owed money to around 20 other clubs for transfers. If that is the case then the impact upon them is probably what’s causing the impasse.fenaddick said:
There are 2 big questions, does someone want to buy of Chansiri and will he actually sell? The second one is the biggest concern but I can certainly see a scenario where the only buyers are ESI types and things don’t actually improveShootersHillGuru said:I genuinely think that Sheffield Wednesday will get new ownership. It’s inconceivable that there isn’t someone out there who that doesn’t see the potential. The problem for them is very much in the short term. They’re already under a transfer embargo and the delayed salaries mean the squad is depleted. Unless something has gone completely under the radar which is pretty much impossible, there is not a buyer close to gaining control. I’d imagine that a points deduction is next and staying up looks like a monumental task but not impossible. It would be interesting to see just how much debt SW actually has and to whom. Perhaps one of our Wednesday posters could help with that. I suspect that the money generated from player sales have paid some key players to stop them walking and also to pay HMRC even if it’s part payment with an agreed plan. It’s the only way Chansiri can keep all his plates spinning. Isn’t Hillsborough owned by a company that Chansiri owns ? How does that work in the scheme of things ? Any value that the club has is maximised by it being in The Championship. Relegation will make things a lot harder for a new owner but there is someone out there who will take it on.
If Wednesday gets kicked of the league and walks away from its debts and starts again then 20 other clubs who in turn probably owe money to other clubs could tip over.Have I misremembered that?
If the club actually goes bust and is liquidated then the people handling the liquidation aren't allowed to prioritise - if selling the ground and the right to use the club badge raises enough to pay half the total debt then everyone gets half what they're owed including other clubs. Which does create the risk of a smaller club somewhere suddenly being insolvent because they were relying on the money they were owed.1 -
Either clever or a very stupid man. A bit of both possibly.ShootersHillGuru said:
But the football club doesn’t. He charges them around a couple of million a year which if I’m correct hasn’t been paid for a couple of years to which he adds interest. Perhaps one of the Wednesday fans can shed some more light.ElfsborgAddick said:
Chansiri does, he even has his name displayed in the seats of the North Stand.ShootersHillGuru said:
In Sheffield Wednesdays case they don’t own Hillsborough.Swindon_Addick said:
Yes, but that only applies if the club survives by doing a deal with its creditors to only pay a proportion of the amount owed. Clubs in that situation have to pay debts to players and to other clubs in full, or they get relegated multiple divisions as if they'd gone bust and started again. It's designed to ensure clubs will do everything they possibly can to ensure football debts are honoured.lordromford said:
I seem to remember there’s an agreement in place that ensures debts to football clubs and players are honoured first. I’m sure it was one of the reasons both Leicester and Palace ended up stiffing local businesses.letthegoodtimesroll said:
I thought I’d read along the way is that Wednesday owed money to around 20 other clubs for transfers. If that is the case then the impact upon them is probably what’s causing the impasse.fenaddick said:
There are 2 big questions, does someone want to buy of Chansiri and will he actually sell? The second one is the biggest concern but I can certainly see a scenario where the only buyers are ESI types and things don’t actually improveShootersHillGuru said:I genuinely think that Sheffield Wednesday will get new ownership. It’s inconceivable that there isn’t someone out there who that doesn’t see the potential. The problem for them is very much in the short term. They’re already under a transfer embargo and the delayed salaries mean the squad is depleted. Unless something has gone completely under the radar which is pretty much impossible, there is not a buyer close to gaining control. I’d imagine that a points deduction is next and staying up looks like a monumental task but not impossible. It would be interesting to see just how much debt SW actually has and to whom. Perhaps one of our Wednesday posters could help with that. I suspect that the money generated from player sales have paid some key players to stop them walking and also to pay HMRC even if it’s part payment with an agreed plan. It’s the only way Chansiri can keep all his plates spinning. Isn’t Hillsborough owned by a company that Chansiri owns ? How does that work in the scheme of things ? Any value that the club has is maximised by it being in The Championship. Relegation will make things a lot harder for a new owner but there is someone out there who will take it on.
If Wednesday gets kicked of the league and walks away from its debts and starts again then 20 other clubs who in turn probably owe money to other clubs could tip over.Have I misremembered that?
If the club actually goes bust and is liquidated then the people handling the liquidation aren't allowed to prioritise - if selling the ground and the right to use the club badge raises enough to pay half the total debt then everyone gets half what they're owed including other clubs. Which does create the risk of a smaller club somewhere suddenly being insolvent because they were relying on the money they were owed.1 -
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I think this saga with Wednesday is probably going to go to the wire. Nomatter the outcome of Chansiri’s ownership the club will survive in some form and is big enough to bounce back.0
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I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .3 -
I genuinely feel sorry for the Wednesday fans.operationpig said:I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .7 -
In other news Morecombe FC has folded as a club after over 105 years, well looks certian to at the weekend .
Football seems to be on the brink.
Sad times and i fear more to come with us included.2 -
Can you hint at what you’ve been told ?operationpig said:I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .0 -
Gene Hackam -Enemy of the State, orElfsborgAddick said:
Either clever or a very stupid man. A bit of both possibly.ShootersHillGuru said:
But the football club doesn’t. He charges them around a couple of million a year which if I’m correct hasn’t been paid for a couple of years to which he adds interest. Perhaps one of the Wednesday fans can shed some more light.ElfsborgAddick said:
Chansiri does, he even has his name displayed in the seats of the North Stand.ShootersHillGuru said:
In Sheffield Wednesdays case they don’t own Hillsborough.Swindon_Addick said:
Yes, but that only applies if the club survives by doing a deal with its creditors to only pay a proportion of the amount owed. Clubs in that situation have to pay debts to players and to other clubs in full, or they get relegated multiple divisions as if they'd gone bust and started again. It's designed to ensure clubs will do everything they possibly can to ensure football debts are honoured.lordromford said:
I seem to remember there’s an agreement in place that ensures debts to football clubs and players are honoured first. I’m sure it was one of the reasons both Leicester and Palace ended up stiffing local businesses.letthegoodtimesroll said:
I thought I’d read along the way is that Wednesday owed money to around 20 other clubs for transfers. If that is the case then the impact upon them is probably what’s causing the impasse.fenaddick said:
There are 2 big questions, does someone want to buy of Chansiri and will he actually sell? The second one is the biggest concern but I can certainly see a scenario where the only buyers are ESI types and things don’t actually improveShootersHillGuru said:I genuinely think that Sheffield Wednesday will get new ownership. It’s inconceivable that there isn’t someone out there who that doesn’t see the potential. The problem for them is very much in the short term. They’re already under a transfer embargo and the delayed salaries mean the squad is depleted. Unless something has gone completely under the radar which is pretty much impossible, there is not a buyer close to gaining control. I’d imagine that a points deduction is next and staying up looks like a monumental task but not impossible. It would be interesting to see just how much debt SW actually has and to whom. Perhaps one of our Wednesday posters could help with that. I suspect that the money generated from player sales have paid some key players to stop them walking and also to pay HMRC even if it’s part payment with an agreed plan. It’s the only way Chansiri can keep all his plates spinning. Isn’t Hillsborough owned by a company that Chansiri owns ? How does that work in the scheme of things ? Any value that the club has is maximised by it being in The Championship. Relegation will make things a lot harder for a new owner but there is someone out there who will take it on.
If Wednesday gets kicked of the league and walks away from its debts and starts again then 20 other clubs who in turn probably owe money to other clubs could tip over.Have I misremembered that?
If the club actually goes bust and is liquidated then the people handling the liquidation aren't allowed to prioritise - if selling the ground and the right to use the club badge raises enough to pay half the total debt then everyone gets half what they're owed including other clubs. Which does create the risk of a smaller club somewhere suddenly being insolvent because they were relying on the money they were owed.
Robert Shaw - Jaws (goes with dumb)1 - Sponsored links:
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And while you're at it Prince William, would you call the Belgian & instruct him to sell the Valley & SL at a cut down price & tell him to order the EFL to readmit Bury into the 4th Division after they were shafted.operationpig said:3 -
Leicester wont be happening at the moment even though Sky cams will be there .ShootersHillGuru said:
Can you hint at what you’ve been told ?operationpig said:I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .
Things changing here every hour !
Meanwhile the dictator is away with his family having a wonderful holiday posting nice snapshots online whilst some of the debt recovery people are launching action against staff .
You couldnt make it up.3 -
Very sad to hear thatoperationpig said:In other news Morecombe FC has folded as a club after over 105 years .
Football seems to be on the brink.
Sad times and i fear more to come with us included.
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Not goodoperationpig said:
Leicester wont be happening at the moment even though Sky cams will be there .ShootersHillGuru said:
Can you hint at what you’ve been told ?operationpig said:I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .
Things changing here every hour !
Meanwhile the dictator is away with his family having a wonderful holiday posting nice snapshots online whilst some of the debt recovery people are launching action against staff .
You couldnt make it up.
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This guy must be really desperate for a job. He's been there 2 years as an assistant manager so has obviously seen everything going on there. You'd think he'd have some self respect to just walk away.clive said:
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Mate I feel for you but I genuinely think you will be better off folding and forming a phoenix club you are big enough to do that and climb back. Everyone knows the ownership shitshow that’s in the public domain but I bet there is loads more hidden and I honestly can’t see anyone buying the club with that much debtoperationpig said:
Leicester wont be happening at the moment even though Sky cams will be there .ShootersHillGuru said:
Can you hint at what you’ve been told ?operationpig said:I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .
Things changing here every hour !
Meanwhile the dictator is away with his family having a wonderful holiday posting nice snapshots online whilst some of the debt recovery people are launching action against staff .
You couldnt make it up.2 -
Do you think he's been paid the last few months ? I do wonder if there are a select few that have been so the club can keep "ticking over". We heard that players out of contract this summer weren't paid & those under contract & they wanted to keep were.0
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Were you calling him a dictator when his fake taxi company was getting you into the playoffs?operationpig said:
Leicester wont be happening at the moment even though Sky cams will be there .ShootersHillGuru said:
Can you hint at what you’ve been told ?operationpig said:I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .
Things changing here every hour !
Meanwhile the dictator is away with his family having a wonderful holiday posting nice snapshots online whilst some of the debt recovery people are launching action against staff .
You couldnt make it up.
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If they are Labour MPs, maybe they could ask their boss to send some Ukranian "models" round to Chansiri's house to sort him out ALLEGEDLYletthegoodtimesroll said:
MPs can put a lot of indirect pressure on the owner and club. That’s their job. I suspect he may well find out what it has got to do with them and what they can do about it, that or that they know a man/woman who can.SWFChamish said:letthegoodtimesroll said:
They’re getting the Vote. Tell them to write to their local MPs. Somehow I suspect they’ll be more than happy to take it up with Wednesday’s owner and get action taken if it’s not sorted asap 😉ShootersHillGuru said:
Out local MPs have been writing to Chansiri for weeks and months. Most of the time he ignores them but the most recent one he just told the MPs 'what's it got to do with you'... the subject that the MPs were wanting to speak to him with a matter of urgency was the closure of the stand, the safety of supporters and representing disabled supporters from that stand.2 -
Or alternatively he sees it as an opportunity to get his foot into management. It’s almost a win win for him. Everyone expects him to fail but he’ll not take any blame on the other hand if by some miracle he makes a fist of it then he’ll be on the one to watch list.Chris_from_Sidcup said:
This guy must be really desperate for a job. He's been there 2 years as an assistant manager so has obviously seen everything going on there. You'd think he'd have some self respect to just walk away.clive said:3 - Sponsored links:
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Based on a tiny bit of research on Google, the first of three EFL payments would have been made this month, around $3m. So there should be money in the bank, but I notice from the last SWFC accounts that despite all the issues, the rent of just over $2.5m is always paid, so maybe not.1
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Thought we weren't doing politics on here?CaptainRobbo said:
If they are Labour MPs, maybe they could ask their boss to send some Ukranian "models" round to Chansiri's house to sort him out ALLEGEDLYletthegoodtimesroll said:
MPs can put a lot of indirect pressure on the owner and club. That’s their job. I suspect he may well find out what it has got to do with them and what they can do about it, that or that they know a man/woman who can.SWFChamish said:letthegoodtimesroll said:
They’re getting the Vote. Tell them to write to their local MPs. Somehow I suspect they’ll be more than happy to take it up with Wednesday’s owner and get action taken if it’s not sorted asap 😉ShootersHillGuru said:
Out local MPs have been writing to Chansiri for weeks and months. Most of the time he ignores them but the most recent one he just told the MPs 'what's it got to do with you'... the subject that the MPs were wanting to speak to him with a matter of urgency was the closure of the stand, the safety of supporters and representing disabled supporters from that stand.3 -
It's ok, I don't vote. So I can have a go at all of them.Leroy Ambrose said:
Thought we weren't doing politics on here?CaptainRobbo said:
If they are Labour MPs, maybe they could ask their boss to send some Ukranian "models" round to Chansiri's house to sort him out ALLEGEDLYletthegoodtimesroll said:
MPs can put a lot of indirect pressure on the owner and club. That’s their job. I suspect he may well find out what it has got to do with them and what they can do about it, that or that they know a man/woman who can.SWFChamish said:letthegoodtimesroll said:
They’re getting the Vote. Tell them to write to their local MPs. Somehow I suspect they’ll be more than happy to take it up with Wednesday’s owner and get action taken if it’s not sorted asap 😉ShootersHillGuru said:
Out local MPs have been writing to Chansiri for weeks and months. Most of the time he ignores them but the most recent one he just told the MPs 'what's it got to do with you'... the subject that the MPs were wanting to speak to him with a matter of urgency was the closure of the stand, the safety of supporters and representing disabled supporters from that stand.0 -
It’s one thing for fans of a small club to start again like that with a phoenix club but I can’t see it working for those of a club with a large fan base simply for the reason that they’d need a much larger ground than for instance Wimbledon did.AndyG said:
Mate I feel for you but I genuinely think you will be better off folding and forming a phoenix club you are big enough to do that and climb back. Everyone knows the ownership shitshow that’s in the public domain but I bet there is loads more hidden and I honestly can’t see anyone buying the club with that much debtoperationpig said:
Leicester wont be happening at the moment even though Sky cams will be there .ShootersHillGuru said:
Can you hint at what you’ve been told ?operationpig said:I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .
Things changing here every hour !
Meanwhile the dictator is away with his family having a wonderful holiday posting nice snapshots online whilst some of the debt recovery people are launching action against staff .
You couldnt make it up.1 -
Not sure rent being paid means much, as Chansiri owns that through another of his companies.SomervilleAddick said:Based on a tiny bit of research on Google, the first of three EFL payments would have been made this month, around $3m. So there should be money in the bank, but I notice from the last SWFC accounts that despite all the issues, the rent of just over $2.5m is always paid, so maybe not.0 -
A disaster for Wednesday - staff and fans deserve better.2
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To be fair, even when they were doing ok, there were quite a lot of murmurings that things weren’t ok with the owner. Similar to us, even when we got promoted back to the championship under Bow, no one was letting up on Dushitsalot.Todds_right_hook said:
Were you calling him a dictator when his fake taxi company was getting you into the playoffs?operationpig said:
Leicester wont be happening at the moment even though Sky cams will be there .ShootersHillGuru said:
Can you hint at what you’ve been told ?operationpig said:I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .
Things changing here every hour !
Meanwhile the dictator is away with his family having a wonderful holiday posting nice snapshots online whilst some of the debt recovery people are launching action against staff .
You couldnt make it up.
It should be part of the deal that if you buy a football club, the ground cannot be separated in its ownership from the team/club.5 -
https://www.facebook.com/photo/?fbid=1178977124265532&set=a.600807712082479&__cft__[0]=AZVN-GtgS9hIhghu4A4GVN3wr8NRyQAK95BAAqwIO88BLr9WM2sKW_B7BtYY2I014wZuJsEJbTGlkWvhpvXdfOdILQfx_xj9TR4dT1_5KtVd3LHkVpXLt5Z_q8YoPPCA-nXNCHRiCWYaHa-dQc3juvZzJcZ5qA6I5CppwsqtvHOb0w&__tn__=EH-R
A suggestion that players are having to make their own way to the first match against Leicester.0 -
All this uncertainty is ridiculous the EFL need to make an announcement fans are buying tickets and booking trains etc if these matches don’t go ahead they are out of pocket.cafcfan said:https://www.facebook.com/photo/?fbid=1178977124265532&set=a.600807712082479&__cft__[0]=AZVN-GtgS9hIhghu4A4GVN3wr8NRyQAK95BAAqwIO88BLr9WM2sKW_B7BtYY2I014wZuJsEJbTGlkWvhpvXdfOdILQfx_xj9TR4dT1_5KtVd3LHkVpXLt5Z_q8YoPPCA-nXNCHRiCWYaHa-dQc3juvZzJcZ5qA6I5CppwsqtvHOb0w&__tn__=EH-R
A suggestion that players are having to make their own way to the first match against Leicester.
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I think a lot of people forget that football is a business. Yes there are rules that must be adhered to to be and remain part of the football business but you wouldn’t and couldn’t expect a factory owner to be restricted by what decisions he makes regarding where he manufactures his goods. To rent or buy is a “business “ decision. Football ownership needs and should be subject to the same rules as any business owner. Part of the problem for football is that it already has far more latitude and tolerance applied to it than ordinary businesses. Sheffield Wednesday are effectively trading as an insolvent company and that in the business world is illegal, yet here we are.RC_CAFC said:
To be fair, even when they were doing ok, there were quite a lot of murmurings that things weren’t ok with the owner. Similar to us, even when we got promoted back to the championship under Bow, no one was letting up on Dushitsalot.Todds_right_hook said:
Were you calling him a dictator when his fake taxi company was getting you into the playoffs?operationpig said:
Leicester wont be happening at the moment even though Sky cams will be there .ShootersHillGuru said:
Can you hint at what you’ve been told ?operationpig said:I actually cant see us starting the season after what ive been told today.
This is our lowest ever point in our history .
Things changing here every hour !
Meanwhile the dictator is away with his family having a wonderful holiday posting nice snapshots online whilst some of the debt recovery people are launching action against staff .
You couldnt make it up.
It should be part of the deal that if you buy a football club, the ground cannot be separated in its ownership from the team/club.1
