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Sheffield Wednesday - players and staff paid late 2 months in a row (p7)

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  • golfaddick
    golfaddick Posts: 33,614
    ShootersHillGuru said:
    Chris_from_Sidcup said:
    Callumcafc said:
    Reckon they’ll be made to start the season with a load of kids and possibly a big points deduction, similarly to what Bolton and then Wigan went through some years back in League 1.
    I can see Chansiri finally selling them before the end of August.

    This is probably the last chance he has to get a semi-decent price for them as then the new owner has a chance of keeping them in the championship. If they get past this transfer window and into September with Chansiri in charge then they're as good as relegated and their value will plummet. He has to sell.
    Unless the club pays the staff and tax man they’ll start the season with a points deduction and the three window transfer ban or will that all just be glossed over ?
    Not sure there is a points deduction for not paying the wages. They've been sanction for that with a transfer embargo. 
  • killerandflash
    killerandflash Posts: 69,835
    In terms of the "football world" Hull not paying an agreed loan fee is a much bigger crime. Wednesday not paying wages doesn't impact other clubs, the punishment will come from those players ripping up their contracts.
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,987
    killerandflash said:
    In terms of the "football world" Hull not paying an agreed loan fee is a much bigger crime. Wednesday not paying wages doesn't impact other clubs, the punishment will come from those players ripping up their contracts.
    One of the 3 embargo's that Wednesday have is for late payment of transfer fees, which is to Norwich for Famewo. Although the amount is actually quite small.
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,612
    Still have to pay the taxman. That’s their biggest concern right now. 
  • MuttleyCAFC
    MuttleyCAFC Posts: 47,728
    The problem with not paying wages is you lose your best players and suitable relacements won't come in to replace them. That is a 'MASSIVE' problem if you exuse the pun.
  • Billericaydickie
    Billericaydickie Posts: 338
    AberystwythAddick said:
    They laughed when we went down and they avoided a points deduction, laughed when we had our troubles of the past few years. Karma has come to bite them, personally hope they lose all there players and drop out the league 
    Agree 100%
  • Bedsaddick
    Bedsaddick Posts: 24,722
    I have absolutely no sympathy for them or their fans. I hope the book gets thrown at them. 
  • AndyG
    AndyG Posts: 5,905
    No sympathy from me either they have consistently ignored the rules for years and gloated at our troubles. I wouldn’t lose a wink of sleep if they can’t field a team this year infact it would be fully deserved 
  • TelMc32
    TelMc32 Posts: 9,039
    On top of the three out of contract, up to seven players have apparently handed in their notice after a 2nd month of unpaid wages. Only one mentioned so far is Josh Windass. Sounds like this happened on Tuesday, so the Club (whoever owns it) has just 10 days left to remedy that and stop the players walking away. 
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  • AberystwythAddick
    AberystwythAddick Posts: 912
    edited July 6
    TelMc32 said:
    On top of the three out of contract, up to seven players have apparently handed in their notice after a 2nd month of unpaid wages. Only one mentioned so far is Josh Windass. Sounds like this happened on Tuesday, so the Club (whoever owns it) has just 10 days left to remedy that and stop the players walking away. 
    Wouldn’t mind Josh windass in our team, very good player 
  • Henry Irving
    Henry Irving Posts: 85,203
    Reports that the club have drafted in a professional team experienced in selling clubs to handle a sale.

    This will be a big change from the current owners bizarre methods such as £5m deposits and no NDAs.

    I imagine the likes of Bassini, Farnell, Elliot and Southall will be sniffing around in the hope of making a corrupt pound or two.
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,987
    Henry Irving said:
    Reports that the club have drafted in a professional team experienced in selling clubs to handle a sale.

    This will be a big change from the current owners bizarre methods such as £5m deposits and no NDAs.

    I imagine the likes of Bassini, Farnell, Elliot and Southall will be sniffing around in the hope of making a corrupt pound or two.
    Owlstalk seem to think that Textor who just sold his shares in Palace is one of the interested buyers.
  • fenaddick
    fenaddick Posts: 10,966
    Chris_from_Sidcup said:
    Henry Irving said:
    Reports that the club have drafted in a professional team experienced in selling clubs to handle a sale.

    This will be a big change from the current owners bizarre methods such as £5m deposits and no NDAs.

    I imagine the likes of Bassini, Farnell, Elliot and Southall will be sniffing around in the hope of making a corrupt pound or two.
    Owlstalk seem to think that Textor who just sold his shares in Palace is one of the interested buyers.
    Frying pan and fire are the words that come to mind
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,612
    TelMc32 said:
    On top of the three out of contract, up to seven players have apparently handed in their notice after a 2nd month of unpaid wages. Only one mentioned so far is Josh Windass. Sounds like this happened on Tuesday, so the Club (whoever owns it) has just 10 days left to remedy that and stop the players walking away. 
    If HMRC cannot be presented with a reasonable payment plan to clear the debt or of course paid in full then it won’t be too much longer before they issue a winding up order. Given that Chansiri appears now to not be paying anything to anyone it’s hard to see exactly what comes next. Would any prospective buyer be willing to commit to paying off HMRC plus Chansiri’s ludicrous deposit plus what’s owed to players and staff plus paying for the urgent repairs to the North Stand and all in five weeks before the season starts. I’d also expect DD to unearth a few unexpected gems for a new owner to ponder. It might all work out but I would t bet on it. 
  • Six-a-bag-of-nuts
    Six-a-bag-of-nuts Posts: 8,127
    My gut feeling, minus any informed analysis or logic, is that they will find a buyer at the 11th hour; debts will be paid; wrists will be slapped; points will be deducted (not many) and by some spawney luck they will be out of the bottom 3 by November.

  • MartinCAFC
    MartinCAFC Posts: 3,218
    Six-a-bag-of-nuts said:
    My gut feeling, minus any informed analysis or logic, is that they will find a buyer at the 11th hour; debts will be paid; wrists will be slapped; points will be deducted (not many) and by some spawney luck they will be out of the bottom 3 by November.

    This and a flurry of deadline day signings. Clubs as big as Sheff Weds don't go bust or kicked out of the league.
  • Athletico Charlton
    Athletico Charlton Posts: 14,272
    They'll be sold and spending £millions on players before the end of the summer, no doubt at all.

    I think thet have paid their U21s and those players who have real sell on value, so there will be some left to build around. 

    Next season will still be tough for them whatever as a new buyer will be late to it all to have a clear and easy to execute plan.
  • letthegoodtimesroll
    letthegoodtimesroll Posts: 10,611
    MartinCAFC said:
    Six-a-bag-of-nuts said:
    My gut feeling, minus any informed analysis or logic, is that they will find a buyer at the 11th hour; debts will be paid; wrists will be slapped; points will be deducted (not many) and by some spawney luck they will be out of the bottom 3 by November.

    This and a flurry of deadline day signings. Clubs as big as Sheff Weds don't go bust or kicked out of the league.
    That’s up there with the countries don’t go bust and the too big to fail mantras of the financial markets in the 80s. If they are in a big enough mess then the temptation of sending out a message to other owners and making them restart in a northern league to generate a massive financial boost to the league ladder as they work their way back up might be too good to pass up on. Might be a bit a or irony if the EFL turned around to one of Orient or Luton and said actually guys there is now a spare space in the Championship this season and you’ve got it.
  • MartinCAFC
    MartinCAFC Posts: 3,218
    letthegoodtimesroll said:
    MartinCAFC said:
    Six-a-bag-of-nuts said:
    My gut feeling, minus any informed analysis or logic, is that they will find a buyer at the 11th hour; debts will be paid; wrists will be slapped; points will be deducted (not many) and by some spawney luck they will be out of the bottom 3 by November.

    This and a flurry of deadline day signings. Clubs as big as Sheff Weds don't go bust or kicked out of the league.
    That’s up there with the countries don’t go bust and the too big to fail mantras of the financial markets in the 80s. If they are in a big enough mess then the temptation of sending out a message to other owners and making them restart in a northern league to generate a massive financial boost to the league ladder as they work their way back up might be too good to pass up on. Might be a bit a or irony if the EFL turned around to one of Orient or Luton and said actually guys there is now a spare space in the Championship this season and you’ve got it.
    It’s up there based on evidence.

    How many teams have we seen reportedly deep in trouble, go into administration, close to ‘hitting the wall next’, had its share of bad ownership issues, points deductions, relegations etc but the only team to have actually been kicked out of a league in recent memory is Bury?
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  • jose
    jose Posts: 615
    There is a chance we might finish higher in the league than Sheffield Wednesday next season, for that reason I don’t want them to go bust.
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,987
    No reasonably big team is going bust, and certainly not Sheffield Wednesday. There will be quite a few people interested in taking over if Chansiri is reasonable about his asking price and doesn't have millions in hidden debts that are discovered in due diligence.

    Bury are the only team that have been kicked out in the last 30+ years. Before that you have to go way back to Aldershot and Maidstone in the early 90s.
  • letthegoodtimesroll
    letthegoodtimesroll Posts: 10,611
    MartinCAFC said:
    letthegoodtimesroll said:
    MartinCAFC said:
    Six-a-bag-of-nuts said:
    My gut feeling, minus any informed analysis or logic, is that they will find a buyer at the 11th hour; debts will be paid; wrists will be slapped; points will be deducted (not many) and by some spawney luck they will be out of the bottom 3 by November.

    This and a flurry of deadline day signings. Clubs as big as Sheff Weds don't go bust or kicked out of the league.
    That’s up there with the countries don’t go bust and the too big to fail mantras of the financial markets in the 80s. If they are in a big enough mess then the temptation of sending out a message to other owners and making them restart in a northern league to generate a massive financial boost to the league ladder as they work their way back up might be too good to pass up on. Might be a bit a or irony if the EFL turned around to one of Orient or Luton and said actually guys there is now a spare space in the Championship this season and you’ve got it.
    It’s up there based on evidence.

    How many teams have we seen reportedly deep in trouble, go into administration, close to ‘hitting the wall next’, had its share of bad ownership issues, points deductions, relegations etc but the only team to have actually been kicked out of a league in recent memory is Bury?
    I think it’s more to do with a) what the ‘mess’ they are in actually is; and b) is somebody willing and able to offer a viable solution ?. ATM, it sounds like the answers to both are a) very; and b) probably not.
  • AndyG
    AndyG Posts: 5,905
    I think the issue here is that all of the mayhem in the public eye in terms of finances is enough to cause major issues for any buyer, however I strongly suspect there is alot more that isnt known about under the surface which will appear during any buying process
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,987
    Hard to disagree with what Martin Samuel says below. I get why it's done, but it feels like the authorities spend so much time looking at ways to restrict clubs when they have owners willing to spend (City, Newcastle, Villa, Forest etc) but they do very little when it goes the other way.


  • MarcusH26
    MarcusH26 Posts: 8,023
    Hull is a bizarre one , Ilcali hasn't been afraid to splash the cash on players but now all of a sudden it feels like he might have got bored. 
  • fenaddick
    fenaddick Posts: 10,966
    Remember when Roland asked the EFL to take the club off his hands? The issue is what happens then? The body in charge of creating a fair competition then owns a team in the competition. It gets very murky. And given how badly run the EFL seem to be, what makes anyone think they'd actually do a better job?
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,612
    edited July 7
    I think they’ll find a buyer and get sold. There’s always interest in a Championship club particularly one as big as Sheffield Wednesday. Where their problem lays at present is time. The season is approaching very rapidly and although both the EFL and HMRC might be persuaded by a buyer in a period close to closing the deal to defer punishment and give time for things to happen, this might not be quite so easy with the season rushing towards us. Even a buyer with serious intent might drop out for any number of reasons and if Wednesday are allowed to start the season and then the sale falls through, the EFL will have made a huge problems for themselves. Also it’s worth noting that HMRC might not be as time tolerant as the EFL without very real guarantees. Will an early days prospective buyer be willing to fund that with no idea if the sale will conclude. In my view the club is worth a tiny amount as it stands. SW owe players money, staff money, HMRC money, Norwich money and I suspect quite a lot to local businesses. They are required to do expensive remedial work to their north stand. The squad is now likely deficient for Championship football. Any new owner has a lot of money to pay out before they turn a wheel. Will a prospective buyer fork out without DD being complete which as we all know can take weeks. I suspect they’ll be ok but it’s quite possible they won’t be. 
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,987
    fenaddick said:
    Remember when Roland asked the EFL to take the club off his hands? The issue is what happens then? The body in charge of creating a fair competition then owns a team in the competition. It gets very murky. And given how badly run the EFL seem to be, what makes anyone think they'd actually do a better job?
    Based on the previous financial year, the EFL will know what it costs to run each club for 1 year.

    A clubs owner should have to submit that money (minus expected payments from the league such as tv money) to the EFL every summer. That way there is no danger of players not getting paid, teams going into admin etc during a season.

    If an owner cannot submit the money by a fixed date (say 1 month ahead of the first fixture) then the EFL have the right to call in an administrator and put that club up for sale. 
  • SporadicAddick
    SporadicAddick Posts: 6,841
    A sensible buyer would steer clear of the current sales proposition and all associated debts and costs (of which there will be plenty).

    If I were a multi millionaire Sheffield Wednesday fan with the wherewithal to buy and run the club, I'd be looking to buy it out of administration and start again, even if in a lower league, than take on the club in its current state. 

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