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Wow

How are these people actually allowed to own a football club, I thought they was a rigid process in place to ensure things like this don't happen.

This is everything wrong with football, clubs allowed to accure massive debts chasing the dream of getting into the Premiership. Wednesday were never a big club when I started following Town back in the late seventies.

Sheffield Wednesday owner Dejphon Chansiri has asked fans to raise £2m in the coming days to help the club pay an outstanding debt to HM Revenue and Customs and cover wages.

Chansiri, who has been in charge at Hillsborough since 2015, said cashflow is currently a problem "all over the world" and that he is also owed money as a result, adding that any funds given by supporters would be paid back "with interest".

He said last month that he would stop putting "additional funding" into the South Yorkshire club and said "some fans need to have more respect for owners of clubs" after some supporters had thrown tennis balls onto the pitch during a 1-1 draw with Middlesbrough to protest against his ownership.

In the interview with the Sheffield Star he said that Wednesday, who are bottom of the Championship after making their worst ever start to a season, could face a lengthy transfer ban if the monies owed are not paid by 10 November.

Under EFL regulations the Owls are now nine days into a "persistent default" for failing to pay their HMRC debt and should they also fail to pay players' wages, which are due on Tuesday, that will open up a second default.

Clubs who accrue 30 days worth of breaches in a year, from 1 July to 30 June, are liable to be banned from registering new players for three transfer windows.

The Thai businessman said: "If 20,000 people gave £100 then it's £2m, and it'd be clear - so we can finish it.

"That would cover everything, HMRC and the wages. That would need to be done before 10 November if they don't want to pass the 30 days, but that means that there can be no next time.

"It'd need to be before to make it safe - if it was on the fifth then there would be 10 days left… If we were to hit 30 days then we'll get a ban for three windows."

Which is why we are right to adopt a sustainable approach to football progress.

Quoted from The Yard Dog

Wow

How are these people actually allowed to own a football club, I thought they was a rigid process in place to ensure things like this don't happen.

This is everything wrong with football, clubs allowed to accure massive debts chasing the dream of getting into the Premiership. Wednesday were never a big club when I started following Town back in the late seventies.

Sheffield Wednesday owner Dejphon Chansiri has asked fans to raise £2m in the coming days to help the club pay an outstanding debt to HM Revenue and Customs and cover wages.

Chansiri, who has been in charge at Hillsborough since 2015, said cashflow is currently a problem "all over the world" and that he is also owed money as a result, adding that any funds given by supporters would be paid back "with interest".

He said last month that he would stop putting "additional funding" into the South Yorkshire club and said "some fans need to have more respect for owners of clubs" after some supporters had thrown tennis balls onto the pitch during a 1-1 draw with Middlesbrough to protest against his ownership.

In the interview with the Sheffield Star he said that Wednesday, who are bottom of the Championship after making their worst ever start to a season, could face a lengthy transfer ban if the monies owed are not paid by 10 November.

Under EFL regulations the Owls are now nine days into a "persistent default" for failing to pay their HMRC debt and should they also fail to pay players' wages, which are due on Tuesday, that will open up a second default.

Clubs who accrue 30 days worth of breaches in a year, from 1 July to 30 June, are liable to be banned from registering new players for three transfer windows.

The Thai businessman said: "If 20,000 people gave £100 then it's £2m, and it'd be clear - so we can finish it.

"That would cover everything, HMRC and the wages. That would need to be done before 10 November if they don't want to pass the 30 days, but that means that there can be no next time.

"It'd need to be before to make it safe - if it was on the fifth then there would be 10 days left… If we were to hit 30 days then we'll get a ban for three windows."

I bet the Wendy fans are reet chuffed to have him and hear that.

Has that bloke from up the road changed his name again - this all sounds very familiar

Quoted from buckstown

Has that bloke from up the road changed his name again - this all sounds very familiar

It does sound like a similar story doesn't it.

It's amazing how such a well supported club can get into such a mess.

We would happily take Barry Bannan off their hands if it helped them reduce their wages. Could offer him a player/coach role

Wendy's have been in debt for along time havnt they?
As soon as they dropped from the Prem they were in the cr@p.

I bet Jason Herbert is creaming in his pants ……….. another special friend for him

Chansiri has now announced that it's been paid and everything is fine after all.

Quoted from SpudUDontLike

Chansiri has now announced that it's been paid and everything is fine after all.

Now that does sound like Billy 5 names.

Wednesday have been in financial excrement since the early 90;s, when they invested big in players in the early days of the premier league. They then got relegated into the Championship with loads of 3 yr contracts BEFORE the parachute payments were introduced. It nigh on ruined them & proved to be a perfect example of the reason that parachute payments were introduced to compensate the huge disparity between what it meant to operate in just a league below the Premiership. Sad reflection on football when you can get 25,000 supporters & still be in the excrement !! . How football has changed in the last 30 yrs. It's no longer about the number of fans that attend games, but so many other income streams that allow what us traditional supporters would regard as joke minow teams, to punch way above their weight. Unfortunately, the big money men behind these well placed(geographically) Frankenstein teams, tend to be in the south or major well connected metropolitan urban areas. Sadly Tetney aint one of em !!