At this point with another payday missed and no genuine buyer in the frame. Players handing in their notice, you have to wonder quite when The EFL are going to ask and demand an answer to the question : Is their funding until the end of the season ? Wednesday starting their season and running out of cash which appears to have happened already is a disaster waiting to happen.
If their contracts had expired they were free agents anyway. Nothing to do with Sheff Wed's current plight, apart from SW not being able to offer them a new (better) deal I suppose.
I thought Derby were toast and could not see how they would be saved but they survived. Wednesday will too. Maybe they get relegated but they are large enough they will return.
I thought Derby were toast and could not see how they would be saved but they survived. Wednesday will too. Maybe they get relegated but they are large enough they will return.
I tend to agree but they are mortgaged up to the hilt on their stadium with huge loans secured on it and their North Stand has safety certificate concerns which will cost money which they just don’t have. Then of course there are the monies owing to HMRC and staff. Other creditors ? Chansiri still wants to sell for millions of pounds when in reality the club is worthless because whoever considers buying it has a lot of money to spend. They don’t have money enough to start the season and at this point certainly not enough to complete it. Not a fair comparison but they’re looking like a Bury FC to me rather than a Derby County. Definitely big enough to be a Phoenix club which at this point with five and a half weeks to kick off looks a distinct possibility.
I thought Derby were toast and could not see how they would be saved but they survived. Wednesday will too. Maybe they get relegated but they are large enough they will return.
I tend to agree but they are mortgaged up to the hilt on their stadium with huge loans secured on it and their North Stand has safety certificate concerns which will cost money which they just don’t have. Then of course there are the monies owing to HMRC and staff. Other creditors ? Chansiri still wants to sell for millions of pounds when in reality the club is worthless because whoever considers buying it has a lot of money to spend. They don’t have money enough to start the season and at this point certainly not enough to complete it. Not a fair comparison but they’re looking like a Bury FC to me rather than a Derby County. Definitely big enough to be a Phoenix club which at this point with five and a half weeks to kick off looks a distinct possibility.
While I agree with your post in general, for me a club like Sheff Weds are too big to go under like Bury.
since our relegation from the Prem we’ve heard so much about teams chasing the dream chasing the Premier League millions, pretty sure Richard Murray always spoke about how so many clubs were gambling with there futures but for the best part of 20 years Bury really have been the only team to drop out of the EFL and that’s hardly through rolling the dice. Other teams have survived by hook or by crook but Wednesday are too big to go under. Relegation and points deduction maybe, administration maybe but teams like Derby and Sheff Weds just don’t go bust.
think i read they have 15 days to pay them ,once they received the plyers notice to quit
If they're paid within the next 2 weeks does that then mean the players can't leave for free? if the player doesn't accept that breach Or because it's got to this point and notice is handed in that's it?
If they are paid within the 15 day period then the club regain control of the contract and they cannot leave for free (FIFA regulations). If they are not then it is a repudiatory breach of contract and it is then terminated with immediate effect if the player does not accept the breach - they can still claim damages for any wages missed.
I thought Derby were toast and could not see how they would be saved but they survived. Wednesday will too. Maybe they get relegated but they are large enough they will return.
I tend to agree but they are mortgaged up to the hilt on their stadium with huge loans secured on it and their North Stand has safety certificate concerns which will cost money which they just don’t have. Then of course there are the monies owing to HMRC and staff. Other creditors ? Chansiri still wants to sell for millions of pounds when in reality the club is worthless because whoever considers buying it has a lot of money to spend. They don’t have money enough to start the season and at this point certainly not enough to complete it. Not a fair comparison but they’re looking like a Bury FC to me rather than a Derby County. Definitely big enough to be a Phoenix club which at this point with five and a half weeks to kick off looks a distinct possibility.
While I agree with your post in general, for me a club like Sheff Weds are too big to go under like Bury.
since our relegation from the Prem we’ve heard so much about teams chasing the dream chasing the Premier League millions, pretty sure Richard Murray always spoke about how so many clubs were gambling with there futures but for the best part of 20 years Bury really have been the only team to drop out of the EFL and that’s hardly through rolling the dice. Other teams have survived by hook or by crook but Wednesday are too big to go under. Relegation and points deduction maybe, administration maybe but teams like Derby and Sheff Weds just don’t go bust.
Eventually a club “too big to go bust” will go bust. Football finances have been crazy for years. Add in mad owners and sooner or later a big club will go under. Chansiri is asking for £5 million deposit just to talk to any interested parties. He’s deluded and has already turned down a bid of reportedly £44 million. For Sheffield Wednesdays sake I hope something is going on behind the scenes but at this point it’s looking very grim for them.
Something we should be aware of, feels a bit ghoulish acting like vultures over a struggling club, but if they've got other promising youngsters who are going to leave and move somewhere, then why should only other clubs benefit?
Sheffield Wednesday have hardly been chasing the dream either. Their spend on transfers and wages has hardly been excessive when compared with the clubs around them.
It's not sustainable, but that applies to nearly every team in the Championship.
6 players have handed in notices, Wednesday still owe Norwich the transfer fee for Famewo and Southampton the loan fee and wages for Shea Charles.
What a utter mess.
Said it before but one way of stopping this is to deduct points for every game that these players took part in. If Sheff Wed havent paid for Famewo and Charles then they were technically ineligible to play. Usual punishment for playing an ineligible player is forfeiture of match / points.
The EFL should go back over last season & redo the table, deducting points SW gained by playing those players. That should be enough to relegate them.
Otherwise whats stopping us from signing Cole Palmer & simply not paying Chelsea the fee. (Extreme example but you get the point). Its called cheating the system.
6 players have handed in notices, Wednesday still owe Norwich the transfer fee for Famewo and Southampton the loan fee and wages for Shea Charles.
What a utter mess.
Said it before but one way of stopping this is to deduct points for every game that these players took part in. If Sheff Wed havent paid for Famewo and Charles then they were technically ineligible to play. Usual punishment for playing an ineligible player is forfeiture of match / points.
The EFL should go back over last season & redo the table, deducting points SW gained by playing those players. That should be enough to relegate them.
Otherwise whats stopping us from signing Cole Palmer & simply not paying Chelsea the fee. (Extreme example but you get the point). It’s called cheating the system.
Couldn’t agree more. The EFL get all high and mighty over minor issues but back off the serious stuff. SW lied and cheated last time and actually refused to pass over their accounts and all they did was plead and beg them to. They eventually did when it was no longer possible to relegate them, and even stated this was why they hadn’t handed them over earlier! They have to get a grip. They need to have clear rules setting out fines and points deductions for any financial irregularities like not paying R&C, players, other Clubs, and suppliers etc. Not providing accounts etc etc.
You set the punishment and the appeal system can mitigate.
Football needs to stop Clubs like SW, Derby and now Hull cheating. Robust rules that deny promotion or relegate Clubs is the best way of protecting those Clubs very existence.
Sheffield Wednesday must surely start the season with a points deduction. Only question is how many
EFL need to sort this soon Dont like the ‘Massives’ but either way any pts deduction needs to be sorted soon and that also equates to Leicester and possibly Hull Any chance Scumwall as well…
Comments
We probably have a good guess who they are
Or because it's got to this point and notice is handed in that's it?
since our relegation from the Prem we’ve heard so much about teams chasing the dream chasing the Premier League millions, pretty sure Richard Murray always spoke about how so many clubs were gambling with there futures but for the best part of 20 years Bury really have been the only team to drop out of the EFL and that’s hardly through rolling the dice. Other teams have survived by hook or by crook but Wednesday are too big to go under. Relegation and points deduction maybe, administration maybe but teams like Derby and Sheff Weds just don’t go bust.
If they are paid within the 15 day period then the club regain control of the contract and they cannot leave for free (FIFA regulations). If they are not then it is a repudiatory breach of contract and it is then terminated with immediate effect if the player does not accept the breach - they can still claim damages for any wages missed.
https://www.thestar.co.uk/sport/football/sheffield-wednesday/southampton-sheffield-wednesday-sutura-kakay-5204374
Something we should be aware of, feels a bit ghoulish acting like vultures over a struggling club, but if they've got other promising youngsters who are going to leave and move somewhere, then why should only other clubs benefit?
Hope it doesn't happen tbough - don't like Wednesday much but no fans deserve to have their club ripped apart because of the actions of an owner.
It's not sustainable, but that applies to nearly every team in the Championship.
Chansiri will stump up wages at the last second to stop the players with any residual value from being allowed to go for nothing.
He has basically just got an extra two weeks to pay the players
6 players have handed in notices, Wednesday still owe Norwich the transfer fee for Famewo and Southampton the loan fee and wages for Shea Charles.
What a utter mess.
The EFL should go back over last season & redo the table, deducting points SW gained by playing those players. That should be enough to relegate them.
Otherwise whats stopping us from signing Cole Palmer & simply not paying Chelsea the fee. (Extreme example but you get the point). Its called cheating the system.
The EFL get all high and mighty over minor issues but back off the serious stuff.
SW lied and cheated last time and actually refused to pass over their accounts and all they did was plead and beg them to. They eventually did when it was no longer possible to relegate them, and even stated this was why they hadn’t handed them over earlier!
They have to get a grip.
They need to have clear rules setting out fines and points deductions for any financial irregularities like not paying R&C, players, other Clubs, and suppliers etc. Not providing accounts etc etc.
You set the punishment and the appeal system can mitigate.
Football needs to stop Clubs like SW, Derby and now Hull cheating. Robust rules that deny promotion or relegate Clubs is the best way of protecting those Clubs very existence.
https://www.thestar.co.uk/sport/football/sheffield-wednesday/sheffield-wednesday-sal-bibbo-rangers-5208296
Only question is how many
Dont like the ‘Massives’ but either way any pts deduction needs to be sorted soon and that also equates to Leicester and possibly Hull
Any chance Scumwall as well…