Skip to main content

Wednesday fans asked by owner to bail out club

Sheffield Wednesday’s owner Dejphon Chansiri has asked the club’s fans to raise £2 million in the coming days to clear debts and pay wages.

The millionaire Thai businessman said he had a problem with “cashflow” and has asked for supporters to bail the club out of their mess, promising to pay them back with interest.

The EFL has placed the club, who are bottom of the Sky Bet Championship, under a registration embargo — meaning they cannot register any new players without prior written consent — over money owed to HM Revenue & Customs, and Chansiri revealed that if those debts are not paid in the coming days the club face a three-window transfer ban.

Chansiri also said that players and staff may not be paid this month and has called on supporters to help.   In September the Wednesday owner threatened not to invest any more money into the club because he believed he was being treated unfairly by the supporters.

Wednesday are nine days into a “persistent default” under EFL regulations, having failed to pay their HMRC debt, and if they fail to pay players’ wages, which Chansiri said was a possibility, they would have another default against their name. If clubs accrue 30 days of breaches between July 1 and June 30 they are liable to be banned from registering new players for three transfer windows.

In response to Chansiri’s comments, Sheffield Wednesday Supporters’ Trust posted a statement on X (formerly Twitter) which read: “Regarding the chairman’s interview . . . we are astounded by the request for fans to pay a £2m HMRC bill. A fit and proper owner would not ask fans to do this.”

Labels:

Comments

Post a Comment

Popular posts from this blog

Wolves get raw deal from FFP

  I used to see a lifelong Wolves fan for lunch once a month.   He was approaching ninety, but still went to games.   Sadly he passed away the other week. As football finance guru Kieran Maguire has noted, Wolves continue to be constrained by financial fair play rules.  Radio 4 this morning described them as this year's 'crisis club' and the pessimists have certainly been piling in. Martin Samuel wrote sympathetically in the Sunday Times yesterday, saying that the Premier League drives talent away with regulatory red tape: 'Why could Al-Hilal sign Neves? Because Wolves needed the money. And why did Wolves need the money? Because the club had to comply with an artificial construct known as financial fair play. So Wolves are going skint, yes? No. There is no suggestion that Wolves are in financial trouble, only that they are failing to meet the rigours of FFP. Wolves’ owners appear to have the money to run the club, and invest in the club, and in fact came up with a pow
Post a Comment
Read more

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is
Post a Comment
Read more

Charlton takeover approved

The long awaited takeover of Charlton Athletic by SE7 Partners from Thomas Sandgaard has been approved:  https://londonnewsonline.co.uk/se7-partners-obtain-efl-approval-for-charlton-athletic-takeover/ Charlton have had unhappy experiences with owners for over a decade, so how this works out will remain to be seen.  There is certainly potential there, but will it be realised? This interview with Charlie Methven gives detail not available elsewhere:  https://thecharltondossier.com/charlie-methven-on-the-record/
Post a Comment
Read more