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Sheffield Wednesday - Into Administration (p44)
Comments
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I’m pretty sure they will be sending a bespoke response to every letter they get about ownership problems. Shooters email was probably the first they’d received on the subject so fair play to them for giving such a detailed response.MarcusH26 said:
Same template email they were sending us about ESI.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
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Yeah that’s true, what is the difference currently between this situation and Morecambe’s? Not a rhetorical question, id like to know.Stu_of_Kunming said:
Realistically what else can they do? Hamstrung by the rules the clubs decide.EugenesAxe said:
So turning a blind eye then?ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)1 -
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit6 -
The EFL are nothing other than cretins.2
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The letter states they are limited in their actions. If that’s not in line with their rules / constitution then I’m sure someone will point that out. But no-one has…golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit
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I have said before, I don't want them to be kicked out of the league/closed down but I do want them punished
However, it kinda feels like football in general, needs a big club like this to go under, in order for the other clubs to stop playing loose with their finances2 -
What's more likely to happen is that when one big club goes, dozens more follow. The absolute lunacy of football finances cannot be overstated. It is utterly broken, and needs a complete reset.MrOneLung said:I have said before, I don't want them to be kicked out of the league/closed down but I do want them punished
However, it kinda feels like football in general, needs a big club like this to go under, in order for the other clubs to stop playing loose with their finances7 -
So you want them to just start making up rules?golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit1 -
Well possibly but I think the fans deserve to hear something. There’s every possibility that Wednesday won’t field a team for their opening fixture and players are being asked to make their own arrangements to get to The King Power. How much fecking worse does it get before The EFL say something. I get they can’t act outside of their rules but supporters will be buying tickets for the game, trains etc. maybe even the players will be buying train tickets. The EFL are an absolute joke.SporadicAddick said:
I’m pretty sure they will be sending a bespoke response to every letter they get about ownership problems. Shooters email was probably the first they’d received on the subject so fair play to them for giving such a detailed response.MarcusH26 said:
Same template email they were sending us about ESI.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)1 -
No......but they could tweak them to be in line with what they do for a new owner. Sustainability of funds. At the start of every season each club must show that they have the resources to get through the season. I'm sure something like this is in place anyway. I'm sure @bobmunro can confirm.Stu_of_Kunming said:
So you want them to just start making up rules?golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit
And if the rules aren't in place then put them there. It might be too late for SW but it will stop another club going down this route.....or we will be saying the same next season when Leicester, Wrexham or some other club gets into trouble.2 -
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Absolutely not. The rules are rules but with two weeks until kick off and given what’s coming out of Hillsborough I think it’s within their rules to let supporters know if they should buying tickets or not.Stu_of_Kunming said:
So you want them to just start making up rules?golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit0 -
EFL concerned about future of Sheffield Wednesday
https://www.bbc.co.uk/sport/football/articles/ce3j27y92p8o0 -
It’s lucky that they’re so on the ball.clive said:EFL concerned about future of Sheffield Wednesday
https://www.bbc.co.uk/sport/football/articles/ce3j27y92p8o8 -
If they dont fulfil their first game then they should be thrown out. No fannying around with postponements or "let's play it later in the season" malarkey. The EFL have a week to make that known. But instead we will just get more weasel words & hand wringing.clive said:EFL concerned about future of Sheffield Wednesday
https://www.bbc.co.uk/sport/football/articles/ce3j27y92p8o
EFL.......do something !!!2 -
The clubs decide the rules, I can’t imagine why the owners don’t want them tweaked too much.golfaddick said:
No......but they could tweak them to be in line with what they do for a new owner. Sustainability of funds. At the start of every season each club must show that they have the resources to get through the season. I'm sure something like this is in place anyway. I'm sure @bobmunro can confirm.Stu_of_Kunming said:
So you want them to just start making up rules?golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit
And if the rules aren't in place then put them there. It might be too late for SW but it will stop another club going down this route.....or we will be saying the same next season when Leicester, Wrexham or some other club gets into trouble.1 -
golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit
The weird thing is we are not in millions of pounds worth of debt. The club has made marginal losses in line with FFP for the last few years. We have spent minimal transfer fees. (Almost nothing over the last 8 years). I reckon Charlton have spent more this year than we have in fees for 5 years.
It is simply a case that our owner has stopped funding the club. Our gate receipts, match day revenue and merchandise sold all season is enough to cover the clubs wage bill. This has been proven based on the accounts.
This isnt a case of Chansiri overspending anymore. Gone are those days. We already were punished for that in the past.
This IS a case that our club functions 'ok' in terms of finances. It functions appallingly in terms of the ownership to the fans in regards to relationships and safety. But... Chansiri has literally stopped funding us. HE has stopped paying the bills.
We probably haven't been punished further yet because we don't have outstanding HMRC payments. We only have outstanding wages to all staff and players and outstanding transfer fees owed to other clubs (which I believe to be minimal).
Understandly there is a misconception that our finances are chaotic and weve spent millions and we are living beyond our means and the club is being reckless. But we arent. Its one man's mismanagement of finances and now his inability to fund the club.
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Thanks for coming on & updating us. The main thing I take from that is that you have money to pay the wages but Chansari refuses to...is that right?SWFChamish said:golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit
The weird thing is we are not in millions of pounds worth of debt. The club has made marginal losses in line with FFP for the last few years. We have spent minimal transfer fees. (Almost nothing over the last 8 years). I reckon Charlton have spent more this year than we have in fees for 5 years.
It is simply a case that our owner has stopped funding the club. Our gate receipts, match day revenue and merchandise sold all season is enough to cover the clubs wage bill. This has been proven based on the accounts.
This isnt a case of Chansiri overspending anymore. Gone are those days. We already were punished for that in the past.
This IS a case that our club functions 'ok' in terms of finances. It functions appallingly in terms of the ownership to the fans in regards to relationships and safety. But... Chansiri has literally stopped funding us. HE has stopped paying the bills.
We probably haven't been punished further yet because we don't have outstanding HMRC payments. We only have outstanding wages to all staff and players and outstanding transfer fees owed to other clubs (which I believe to be minimal).
Understandly there is a misconception that our finances are chaotic and weve spent millions and we are living beyond our means and the club is being reckless. But we arent. Its one man's mismanagement of finances and now his inability to fund the club.
Surely funds from ST's & EFL payments should go into a bank account that the office staff can access. Then they can keep the club running. Seems mad otherwise.0 -
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If gate receipts, match day revenue and merchandise sold is enough to cover the clubs wage bill, you shouldn't need Chansiri to fund the club.
It may cover the wages, but presumably not everything else and the wages aren't 100% of costs.
Your finances are obviously chaotic.
You can't claim you don't need Chansiri to fund the club whilst also claiming your problems are down to his inability to fund the club.1 -
Stu_of_Kunming said:
The clubs decide the rules, I can’t imagine why the owners don’t want them tweaked too much.golfaddick said:
No......but they could tweak them to be in line with what they do for a new owner. Sustainability of funds. At the start of every season each club must show that they have the resources to get through the season. I'm sure something like this is in place anyway. I'm sure @bobmunro can confirm.Stu_of_Kunming said:
So you want them to just start making up rules?golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit
And if the rules aren't in place then put them there. It might be too late for SW but it will stop another club going down this route.....or we will be saying the same next season when Leicester, Wrexham or some other club gets into trouble.It amazes me that people still don't understand this. The EFL kicking them out would also push the club closer to the brink - no money from ticket sales, hospitality, sponsorship etc.The best thing to do would be to disqualify Chansiri as they did with Dai Yongge to push him into selling the club but we saw how long the process of doing that took.3 -
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Apologies for my naivety and I’m sure someone asked this already, but what is Chansiri realistically hoping to achieve here?I know our beleaguered Wednesdayite guests may say “TO KILL OUR CLUB” and I understand their emotion and frustration, but I’m talking about what is his actual financial plan here?
Is it as simple as just taking the rent from the club for use of the stadium for as long as he can get away with it?
Are there some other shenanigans going on that I don’t quite understand, maybe relating to tax write offs or something?
I’m only asking, because, the value of the club must be shrinking by the day and I don’t understand how a man, who is clearly motivated by money, sees profit in the current circumstances.1 -
Agree with this.Leroy Ambrose said:
What's more likely to happen is that when one big club goes, dozens more follow. The absolute lunacy of football finances cannot be overstated. It is utterly broken, and needs a complete reset.MrOneLung said:I have said before, I don't want them to be kicked out of the league/closed down but I do want them punished
However, it kinda feels like football in general, needs a big club like this to go under, in order for the other clubs to stop playing loose with their finances
The first thing that needs changing is the ridiculous amount of money premier league players earn.
I have no idea how to go about this though.3 -
If he is renting the stadium from his own company, I guess he can syphon off the efl central payments. Not a fan of Wednesday at all, but this guy is a scumbag, and I do feel sorry for themlordromford said:Apologies for my naivety and I’m sure someone asked this already, but what is Chansiri realistically hoping to achieve here?I know our beleaguered Wednesdayite guests may say “TO KILL OUR CLUB” and I understand their emotion and frustration, but I’m talking about what is his actual financial plan here?
Is it as simple as just taking the rent from the club for use of the stadium for as long as he can get away with it?
Are there some other shenanigans going on that I don’t quite understand, maybe relating to tax write offs or something?
I’m only asking, because, the value of the club must be shrinking by the day and I don’t understand how a man, who is clearly motivated by money, sees profit in the current circumstances.1 -
Or an independent regulatorStu_of_Kunming said:
The clubs decide the rules, I can’t imagine why the owners don’t want them tweaked too much.golfaddick said:
No......but they could tweak them to be in line with what they do for a new owner. Sustainability of funds. At the start of every season each club must show that they have the resources to get through the season. I'm sure something like this is in place anyway. I'm sure @bobmunro can confirm.Stu_of_Kunming said:
So you want them to just start making up rules?golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit
And if the rules aren't in place then put them there. It might be too late for SW but it will stop another club going down this route.....or we will be saying the same next season when Leicester, Wrexham or some other club gets into trouble.2 -
Football sold its soul quite some years ago. From the working man's game, to this bloated behemoth of greed. Its becoming increasingly out of touch and unaffordable for working class people. Invented by the poor. Stolen by the rich. Good luck to SWFC in their attempts to rid themselves of Chansiri.
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There are two major differences between Wednesday's situation and Morcambe's, as far as I can see. One is that Morcambe are in a very much worse crisis financially. Wednesday have been selectively paying some players and not others and now have a very small squad. Morcambe aren't paying anyone, including the kids in their academy, and aren't even paying their insurance premiums. With no insurance, players can't even play for free if they wanted to, so they're currently unable to play at all. The other difference is that now we're into a new season Morcambe are no longer the EFL's problem. The National League are hamstrung by the requirement to accept relegated EFL clubs into membership, no matter how much of a basket case they are, but the NL are really strict on financial compliance and aren't anything like as tolerant of non-payment as the EFL.EugenesAxe said:
Yeah that’s true, what is the difference currently between this situation and Morecambe’s? Not a rhetorical question, id like to know.Stu_of_Kunming said:
Realistically what else can they do? Hamstrung by the rules the clubs decide.EugenesAxe said:
So turning a blind eye then?ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)3 -
That’s it, until the matter is satisfactorily resolved, I’m boycotting John West tins of Tuna (don’t like the stuff anyway tbh) to show solidarity with the Shef Wednesday fans in their hour of need.0 -
Yet local businesses are still unpaid. I feel for you fans because this is a crisis that’s nothing to do with you lot. Hard to feel much sympathy in general when non playing staff are having financial hardships yet a select few players are getting paid. Football is a mess and as harsh as it sounds I think football needs a “big” massive club to go to the wall. Nothing will get changed until that happens.SWFChamish said:golfaddick said:
Word salad saying nothing.ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)
The club is not paying staff, HMRC or clubs they owe transfer fees to. Surely that is worth more than a transfer embargo. When a new owner comes in they need to show that have adequate funds & source of those funds. If Chansari cant do that then they need to act. Whether that is a points deduction, relegation, being thrown out the League I dont know. But simply saying "nothing we can do" is a crock of shit
The weird thing is we are not in millions of pounds worth of debt. The club has made marginal losses in line with FFP for the last few years. We have spent minimal transfer fees. (Almost nothing over the last 8 years). I reckon Charlton have spent more this year than we have in fees for 5 years.
It is simply a case that our owner has stopped funding the club. Our gate receipts, match day revenue and merchandise sold all season is enough to cover the clubs wage bill. This has been proven based on the accounts.
This isnt a case of Chansiri overspending anymore. Gone are those days. We already were punished for that in the past.
This IS a case that our club functions 'ok' in terms of finances. It functions appallingly in terms of the ownership to the fans in regards to relationships and safety. But... Chansiri has literally stopped funding us. HE has stopped paying the bills.
We probably haven't been punished further yet because we don't have outstanding HMRC payments. We only have outstanding wages to all staff and players and outstanding transfer fees owed to other clubs (which I believe to be minimal).
Understandly there is a misconception that our finances are chaotic and weve spent millions and we are living beyond our means and the club is being reckless. But we arent. It’s et local one man's mismanagement of finances and now his inability to fund the club.1 -
Thanks for explaining 🙏🏻Swindon_Addick said:
There are two major differences between Wednesday's situation and Morcambe's, as far as I can see. One is that Morcambe are in a very much worse crisis financially. Wednesday have been selectively paying some players and not others and now have a very small squad. Morcambe aren't paying anyone, including the kids in their academy, and aren't even paying their insurance premiums. With no insurance, players can't even play for free if they wanted to, so they're currently unable to play at all. The other difference is that now we're into a new season Morcambe are no longer the EFL's problem. The National League are hamstrung by the requirement to accept relegated EFL clubs into membership, no matter how much of a basket case they are, but the NL are really strict on financial compliance and aren't anything like as tolerant of non-payment as the EFL.EugenesAxe said:
Yeah that’s true, what is the difference currently between this situation and Morecambe’s? Not a rhetorical question, id like to know.Stu_of_Kunming said:
Realistically what else can they do? Hamstrung by the rules the clubs decide.EugenesAxe said:
So turning a blind eye then?ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)0 -
Feel uneasy about liking this. Thanks for explainingSwindon_Addick said:
There are two major differences between Wednesday's situation and Morcambe's, as far as I can see. One is that Morcambe are in a very much worse crisis financially. Wednesday have been selectively paying some players and not others and now have a very small squad. Morcambe aren't paying anyone, including the kids in their academy, and aren't even paying their insurance premiums. With no insurance, players can't even play for free if they wanted to, so they're currently unable to play at all. The other difference is that now we're into a new season Morcambe are no longer the EFL's problem. The National League are hamstrung by the requirement to accept relegated EFL clubs into membership, no matter how much of a basket case they are, but the NL are really strict on financial compliance and aren't anything like as tolerant of non-payment as the EFL.EugenesAxe said:
Yeah that’s true, what is the difference currently between this situation and Morecambe’s? Not a rhetorical question, id like to know.Stu_of_Kunming said:
Realistically what else can they do? Hamstrung by the rules the clubs decide.EugenesAxe said:
So turning a blind eye then?ShootersHillGuru said:I actually wrote an e mail to The EFL this morning saying I thought that it was a disgrace that they hadn’t issued a statement on the situation so that the Sheffield Wednesday fans had an official understanding of where things were. I received the reply (below about an hour ago)1
