I honestly don’t see how they can start the season in the current circumstances. How on earth can they provide evidence that they have funds to complete the season whilst they owe HMRC etc
Do any rules require them to do so?
The EFL can compel an owner to show sufficient funds to complete a season. They can also remove the “fit & proper” status of an owner.
A lot of the Bury case revolved around the fact that the EFL did not ensure that their own financial requirements were complied with and they were woeful in allowing a change of ownership that shouldn’t have happened.
My understanding is that Sheffield Wed were quoted £15 million to do the work to replace the support structure of the North Stand. £3 million for remedial works to temporarily solve the problem. That’s a lot of wedge. Obviously Chansiri won’t be paying it and it’s another unavoidable expense to add to the purchase price of the club. Unless there is a purchase very close to being agreed it’s hard to see how they can continue. The monies owed to players was paid using transfer revenue and now that’s gone or nearly gone what then. Payday in the next few days will be interesting. Tax man and other clubs still owed money that presumably any buyer would need to fund in addition to the North Stand works. Hard to see anybody stupid enough. When will the EFL say something?
When they can't not. They announced transfer embargos, and will announce any other decision that needs to be made when they have to make it.
Two weeks to kick off. I’d say they need to make a statement now.
The fact they haven't tells me to expect they'll kick off in the Championship, albeit with a thin squad, limited ground capacity, and owing money all over place with a Chairman keen to sell, so in a bad place. Do they really need to say that? Who's saying otherwise?
That’s not what I mean but you know that. The EFL have a responsibility to ensure that a club has the wherewithal to complete its fixtures. At this point would you say that requirement is likely to be met ?
I’d say they could, with an obvious caveat. Considering they have a very pared down squad, with most of the high earners off the books, the roughly £11m central payment, plus the cash flow from an average 26k crowd could be enough to cover operating expenses.
It may even be enough to pay down some debt to keep administration at bay. What it won’t do is pay for decent Championship players, or repair the closed stand.
If they’re out of sellable players, then I suspect they in a downward spiral unless a buyer can be found, but at this point, I wouldn’t expect anyone to step in until they do go into administration
I came on mainly because I was intruiged at the business you'd conducted this summer and was liking the shape up of your squad moving forwards. I've got you down to finish top half, not sure what you guys think?
We are very, very traumatised. 21st will do us just fine and I think we're too scared to ask for more
My understanding is that Sheffield Wed were quoted £15 million to do the work to replace the support structure of the North Stand. £3 million for remedial works to temporarily solve the problem. That’s a lot of wedge. Obviously Chansiri won’t be paying it and it’s another unavoidable expense to add to the purchase price of the club. Unless there is a purchase very close to being agreed it’s hard to see how they can continue. The monies owed to players was paid using transfer revenue and now that’s gone or nearly gone what then. Payday in the next few days will be interesting. Tax man and other clubs still owed money that presumably any buyer would need to fund in addition to the North Stand works. Hard to see anybody stupid enough. When will the EFL say something?
When they can't not. They announced transfer embargos, and will announce any other decision that needs to be made when they have to make it.
Two weeks to kick off. I’d say they need to make a statement now.
The fact they haven't tells me to expect they'll kick off in the Championship, albeit with a thin squad, limited ground capacity, and owing money all over place with a Chairman keen to sell, so in a bad place. Do they really need to say that? Who's saying otherwise?
That’s not what I mean but you know that. The EFL have a responsibility to ensure that a club has the wherewithal to complete its fixtures. At this point would you say that requirement is likely to be met ?
Not the foggiest. I only know what's reported by the media, assuming the Sheffield Star usually has good sources. If the EFL isn't insisting on proof of funds for the upcoming season, then they're not applying their own rules.
I have no knowledge as to what they've asked Chansiri to provide.
Do I think they'll complete their fixtures this season? Absolutely I do. They aren't going to the wall, and aren't even in administration yet, so a long way off that. Less than 1% chance of it imo.
Blimey Charlton fans, was just perving on other clubs forums to gather some qualitative info from each teams fans to see how the Championship season is shaping up. Didn't expect to see a big thread about us and plenty of hatred on their, but also some love and appreciation. Our club has been consistently and utterly mismanaged and abused from the top down for decades now. I know certain clubs can empathise with that, maybe such as yourselves who've clearly been dragged along by the wrong people doing the wrong things and making the fans suffer.
Anyway, I'm not trying to change opinions. Football is a game of emotion and bad experiences clearly stick around but I hope you guys know there's plenty of genuinely decent fans of our club and not monsters. Visited the Valley a few times in recent years sat in the home end due to working nearby and also with SWFC. One of my favourite traditional grounds and the only London team I've warmed too (alongside Bromley). Genuinely had some super interactions with Charlton fans and plenty of banter.
I came on mainly because I was intruiged at the business you'd conducted this summer and was liking the shape up of your squad moving forwards. I've got you down to finish top half, not sure what you guys think?
Great post. I have had a soft spot for Wednesday since I spent 3 yrs in Sheffield in the late '90's as a student. Great town although I never warmed to The Blades for some reason.
As I have said earlier on this thread I hope and expect you to survive as a club but selfishly, the more teams taking up the bottom spots the better for us this season I think !!
We have done business that has outdone I think all fans expectations, and I am delighted to see us give it a go. Ultimately the players we have bought in look decent but have come from L1 or relegated Championship teams so we will have to see how we go.
I am hoping to get to one of the Sheffield away games to visit Kelham island again as that was a great night out a couple of years ago when I last visit the City.
Blimey Charlton fans, was just perving on other clubs forums to gather some qualitative info from each teams fans to see how the Championship season is shaping up. Didn't expect to see a big thread about us and plenty of hatred on their, but also some love and appreciation. Our club has been consistently and utterly mismanaged and abused from the top down for decades now. I know certain clubs can empathise with that, maybe such as yourselves who've clearly been dragged along by the wrong people doing the wrong things and making the fans suffer.
Anyway, I'm not trying to change opinions. Football is a game of emotion and bad experiences clearly stick around but I hope you guys know there's plenty of genuinely decent fans of our club and not monsters. Visited the Valley a few times in recent years sat in the home end due to working nearby and also with SWFC. One of my favourite traditional grounds and the only London team I've warmed too (alongside Bromley). Genuinely had some super interactions with Charlton fans and plenty of banter.
I came on mainly because I was intruiged at the business you'd conducted this summer and was liking the shape up of your squad moving forwards. I've got you down to finish top half, not sure what you guys think?
Great post. I have had a soft spot for Wednesday since I spent 3 hrs in Sheffield in the late '90's as a student. Great town although I never warmed to The Blades for some reason.
As I have said earlier on this thread I hope and expect you to survive as a club but selfishly, the more teams taking up the bottom spots the better for us this season I think !!
We have done business that has outdone I think all fans expectations, and I am delighted to see us give it a go. Ultimately the players we have bought in look decent but have come from L1 or relegated Championship teams so we will have to see how we go.
I am hoping to get to one of the Sheffield away games to visit Kelham island again as that was a great night out a couple of years ago when I last visit the City.
I thought new owners had to show funds for the next two seasons but beyond that there are no EFL requirements to show funds where in place.
But I'm happy to be proved wrong.
Certainly in other leagues it is a requirement but not in the EFL as far as I'm aware.
My guess is the current owner will try to get by on ticket and commercial sales and selling players so he has to put little or none of his own money in.
The crunch point will be when HMRC or another club request a winding up order.
I have had a soft spot for Wednesday since I changed trains in Sheffield in the 90's.
I've had a soft spot for Wednesday (not) from my school days (all of which were in Sheffield) surrounded by Wednesday fans and oddly one random Man Utd fan.
Wednesday were a sleeping giant and remain so. My youth was spoiled by the endless trips to Hillsborough, and even with a European footballer of the Year in our squad, we couldn't beat them.
Strangely, Wednesday are one of those clubs that we have developed a rivalry with, that is nothing to do with geographic location or on the pitch rivalry, more about fans feel for it.
I hope Wednesday sort their shit out as football needs all of its clubs, for fans to feel love, hate and indifference about!
Great post. I have had a soft spot for Wednesday since I spent 3 yrs in Sheffield in the late '90's as a student. Great town although I never warmed to The Blades for some reason.
As I have said earlier on this thread I hope and expect you to survive as a club but selfishly, the more teams taking up the bottom spots the better for us this season I think !!
We have done business that has outdone I think all fans expectations, and I am delighted to see us give it a go. Ultimately the players we have bought in look decent but have come from L1 or relegated Championship teams so we will have to see how we go.
I am hoping to get to one of the Sheffield away games to visit Kelham island again as that was a great night out a couple of years ago when I last visit the City.
Any news on a takeover your end?
I think there's a reasonable chance that most top league 1 clubs can establish themselves back in League 1 especially if they invest intelligently. All the focus will of on Brum and Wrexham aswell.
Takeover news is looking bleak, seems Chansiri is wanting £100M or there abouts. He is almost impossible to negotiate with. It feels as though he isn't really interested in selling. No one knows of a single interested party or offer that is on the table at the moment. The feeling is he will continue to strip us down to a really low level of running cost then probably settle in league 1 or worse. The guy is definitely not conventional. He's on holiday in Venice posting pictures on the same day our stand gets shut and all our fans are left in the dark without any communications about what is happening next. Not good. The short term future looks bleaker if we don't pay wages tomorrow. Our embargo is already about to lengthen from 18 months to 2 years today if we don't pay clubs transfer money we owe them.
I would think Revenue and Customs will be your greatest threat. They do not take kindly to businesses not paying over deductions they have made on their behalf. Your Club has obviously made an agreement with them, let’s hope you don’t break it. Unfortunately it will probably mean that they will pay the wages and the tax and NIC to R&C leaving less people paid.
My personal dislike of Sheffield Wends is aimed squarely at the cheating by your owner to gain an advantage over other clubs. I hope he loses everything. I wish you and other fans sincere good wishes that your Club survives.
I have had a soft spot for Wednesday since I changed trains in Sheffield in the 90's.
I've had a soft spot for Wednesday (not) from my school days (all of which were in Sheffield) surrounded by Wednesday fans and oddly one random Man Utd fan.
Wednesday were a sleeping giant and remain so. My youth was spoiled by the endless trips to Hillsborough, and even with a European footballer of the Year in our squad, we couldn't beat them.
Strangely, Wednesday are one of those clubs that we have developed a rivalry with, that is nothing to do with geographic location or on the pitch rivalry, more about fans feel for it.
I hope Wednesday sort their shit out as football needs all of its clubs, for fans to feel love, hate and indifference about!
It's tied in to the fact a lot of clubs just don't see us as being 'big' in any sense and get weirdly threatened and upset when we start trying to do something. We were well thought of in the 00s when Curbishley was giving bloody noses to the big boys but once we were back among the other hopefuls fans started getting offended when we tried to get back up there. Wednesday fans were annoyed in 11/12 because we beat them to Wiggins and Green and brought Michael Morrison back to being a good player. They weren't just upset that we had a better set of players, it was also that they didn't perceive us as big enough to be clear of them.
That's happening this season as well, fans of other teams aren't just upset that we're buying good players, it's that they don't think Charlton should be able to spend any money in the first place. All logic goes out the window when fans start using their club's supposed size as a barometer
It's tied in to the fact a lot of clubs just don't see us as being 'big' in any sense and get weirdly threatened and upset when we start trying to do something. We were well thought of in the 00s when Curbishley was giving bloody noses to the big boys but once we were back among the other hopefuls fans started getting offended when we tried to get back up there. Wednesday fans were annoyed in 11/12 because we beat them to Wiggins and Green and brought Michael Morrison back to being a good player. They weren't just upset that we had a better set of players, it was also that they didn't perceive us as big enough to be clear of them.
That's happening this season as well, fans of other teams aren't just upset that we're buying good players, it's that they don't think Charlton should be able to spend any money in the first place. All logic goes out the window when fans start using their club's supposed size as a barometer
Good analysis. I think our fans love to generate some daft rivalries with clubs that we are close to at the time. Its definitely something we tend to do maybe more than many teams?
I think a lot of Wednesday fans also have different perspectives than it appears regarding the 'massive' joke. For example many of us, myself included, have never seen us play in the Prem. And in fact weve only finished in the top 10 of the Championship about 4 times in 25 years. Sometimes I think the 90s fans are more eager to remind the world of those days because they were great days for the club in comparison to how its been neglected and mismanaged for a long time.
I remember working in Sheffield and joining in a pub quiz. One contestant had to name three British Clubs starting with F. He got Fulham and Falkirk and then struggled a bit before coming up with “Fucking Millwall” The quiz master gave it a minute and said “I’m going to accept that”.
It's tied in to the fact a lot of clubs just don't see us as being 'big' in any sense and get weirdly threatened and upset when we start trying to do something. We were well thought of in the 00s when Curbishley was giving bloody noses to the big boys but once we were back among the other hopefuls fans started getting offended when we tried to get back up there. Wednesday fans were annoyed in 11/12 because we beat them to Wiggins and Green and brought Michael Morrison back to being a good player. They weren't just upset that we had a better set of players, it was also that they didn't perceive us as big enough to be clear of them.
That's happening this season as well, fans of other teams aren't just upset that we're buying good players, it's that they don't think Charlton should be able to spend any money in the first place. All logic goes out the window when fans start using their club's supposed size as a barometer
Good analysis. I think our fans love to generate some daft rivalries with clubs that we are close to at the time. Its definitely something we tend to do maybe more than many teams?
I think a lot of Wednesday fans also have different perspectives than it appears regarding the 'massive' joke. For example many of us, myself included, have never seen us play in the Prem. And in fact weve only finished in the top 10 of the Championship about 4 times in 25 years. Sometimes I think the 90s fans are more eager to remind the world of those days because they were great days for the club in comparison to how its been neglected and mismanaged for a long time.
To be honest, we're not hugely different, I don't think any fans are. We could argue that we were in the Premier League more recently than Wednesday but we've also been down lower for longer as well. I was 8 years old when we first played in the Premier League and I recently had the horrible realisation that Charlton have been a total basket case for more than half the time I've spent supporting them. We have been a disaster since 08/09 with arguably two normal years in there just to throw everyone off in 11/12 and 24/25. We still get upset when we lose out on players to clubs we don't think are worthy though, it was only a few years ago people were getting upset that we were taking in cast-offs from Luton and before that Brighton because a lot of fans felt we were bigger than them. It's only the league position that counts in the end though
I hope the players refuse to play then the EFL WILL then have to finally act against the bloke that is trying his best to ruin a football club that could have been any club in the league. This is the worry when someone from abroad comes in and tries to be billy big bollocks.
I dont blame this on Manderic but his first choice ended up in an Azerbaijani jail and the second is now ....after what he left at pompey one has to ask serious questions about people taking over clubs in the shit just to make a bit of a killing.
Chansiri seems to have a mental health issue - see his interview when he reveals Xsco Munoz as manager ( you tube) when he spent most of the conference slagging off Carlton Palmer.
Even if we are chucked out of the league - we will be back ! Because players managers and owners come and go but the club or fans never dies.
I hope the players refuse to play then the EFL WILL then have to finally act against the bloke that is trying his best to ruin a football club that could have been any club in the league. This is the worry when someone from abroad comes in and tries to be billy big bollocks.
I dont blame this on Manderic but his first choice ended up in an Azerbaijani jail and the second is now ....after what he left at pompey one has to ask serious questions about people taking over clubs in the shit just to make a bit of a killing.
Chansiri seems to have a mental health issue - see his interview when he reveals Xsco Munoz as manager ( you tube) when he spent most of the conference slagging off Carlton Palmer.
Even if we are chucked out of the league - we will be back ! Because players managers and owners come and go but the club or fans never dies.
What are the next steps though, can administrators be called in to run the club if the current owner isn't funding it? I'm not actually sure how it works but surely there are steps that come before you get chucked out of the league?
No one is going to pay Chansiri's asking price, and if i was an interested buyer i'd be holding off and looking to get you on the cheap if/when you go into administration.
I hope the players refuse to play then the EFL WILL then have to finally act against the bloke that is trying his best to ruin a football club that could have been any club in the league. This is the worry when someone from abroad comes in and tries to be billy big bollocks.
I dont blame this on Manderic but his first choice ended up in an Azerbaijani jail and the second is now ....after what he left at pompey one has to ask serious questions about people taking over clubs in the shit just to make a bit of a killing.
Chansiri seems to have a mental health issue - see his interview when he reveals Xsco Munoz as manager ( you tube) when he spent most of the conference slagging off Carlton Palmer.
Even if we are chucked out of the league - we will be back ! Because players managers and owners come and go but the club or fans never dies.
Are there any genuine viable bidders around? I remember seeing a couple of American based consortiums mentioned but I guess if Chansiri still wants to be stubborn and want £100m they've got every right to back off.
I have had a soft spot for Wednesday since I changed trains in Sheffield in the 90's.
I have had a soft spot for Wednesday since the first time I remember going to bed on Tuesday, and waking up on Wednesday. Definitely my favourite day of the week between Tuesday and Thursday.
In all seriousness, I do have a lot of sympathy for Wednesday fans. Yes there have to be some measures, but my attitude is that clubs shouldn't be unduly punished because they have a headcase of an owner, who won't see sense. Reading have gone through this as well, and I do have a bit of sympathy for the EFL, as they are restricted with what they can do. You can keep punishing the club, but the owner won't care.
The North Stand is quite a significant structure. The second ever cantilever stand opened in the UK, it was very advanced when it opened in 1961, but it and Hillsborough are badly showing their age now.
The only thing i can say is nothing that comes out of Chansiri's mouth can be trusted....he seems to have pocketed recent transfer money and done a runner whilst the club sails on rudderless.
There is some genuine interest in the club but not in this state would anyone buy it - he knows this, he also invented a hoax italian bidder.
The EFL doesn't seem to be offering any type of help or interaction.
Put it simply if the players refuse to play due to yet another lack of pay then its the end game for us.
For me, if the regulators do only one thing, it should be to ban the sale of a stadium unless a club are moving and have another stadium in the Clubs name that is ready to move into. Derby, Sheffield Wed sold to bypass the financial rules (cheating) and we had an our owner bugger off with the major assets and now holds us to ransom. No one should be able to buy the ground a stadium is built on, it is the only way we can protect our football heritage.
I suspect that SW despot owner actually believes the ground he bought for £60m is actually worth that, (they all do bless them) and hence if he adds in turnover x2 he gets to £100m. A third of the ground closed, debts probably in millions, players walking away. I hope it does not end in administration, but unless he can accept the Club is worth I guess £45 to £50m, less debts, it is difficult to see any other outcome.
Comments
I have no knowledge as to what they've asked Chansiri to provide.
Do I think they'll complete their fixtures this season? Absolutely I do. They aren't going to the wall, and aren't even in administration yet, so a long way off that. Less than 1% chance of it imo.
Great post. I have had a soft spot for Wednesday since I spent 3 yrs in Sheffield in the late '90's as a student. Great town although I never warmed to The Blades for some reason.
As I have said earlier on this thread I hope and expect you to survive as a club but selfishly, the more teams taking up the bottom spots the better for us this season I think !!
We have done business that has outdone I think all fans expectations, and I am delighted to see us give it a go. Ultimately the players we have bought in look decent but have come from L1 or relegated Championship teams so we will have to see how we go.
I am hoping to get to one of the Sheffield away games to visit Kelham island again as that was a great night out a couple of years ago when I last visit the City.
Any news on a takeover your end?
But I'm happy to be proved wrong.
Certainly in other leagues it is a requirement but not in the EFL as far as I'm aware.
My guess is the current owner will try to get by on ticket and commercial sales and selling players so he has to put little or none of his own money in.
The crunch point will be when HMRC or another club request a winding up order.
Wednesday were a sleeping giant and remain so. My youth was spoiled by the endless trips to Hillsborough, and even with a European footballer of the Year in our squad, we couldn't beat them.
Strangely, Wednesday are one of those clubs that we have developed a rivalry with, that is nothing to do with geographic location or on the pitch rivalry, more about fans feel for it.
I hope Wednesday sort their shit out as football needs all of its clubs, for fans to feel love, hate and indifference about!
Takeover news is looking bleak, seems Chansiri is wanting £100M or there abouts. He is almost impossible to negotiate with. It feels as though he isn't really interested in selling. No one knows of a single interested party or offer that is on the table at the moment. The feeling is he will continue to strip us down to a really low level of running cost then probably settle in league 1 or worse. The guy is definitely not conventional. He's on holiday in Venice posting pictures on the same day our stand gets shut and all our fans are left in the dark without any communications about what is happening next. Not good. The short term future looks bleaker if we don't pay wages tomorrow. Our embargo is already about to lengthen from 18 months to 2 years today if we don't pay clubs transfer money we owe them.
They do not take kindly to businesses not paying over deductions they have made on their behalf.
Your Club has obviously made an agreement with them, let’s hope you don’t break it. Unfortunately it will probably mean that they will pay the wages and the tax and NIC to R&C leaving less people paid.
I wish you and other fans sincere good wishes that your Club survives.
That's happening this season as well, fans of other teams aren't just upset that we're buying good players, it's that they don't think Charlton should be able to spend any money in the first place. All logic goes out the window when fans start using their club's supposed size as a barometer
I think a lot of Wednesday fans also have different perspectives than it appears regarding the 'massive' joke. For example many of us, myself included, have never seen us play in the Prem. And in fact weve only finished in the top 10 of the Championship about 4 times in 25 years. Sometimes I think the 90s fans are more eager to remind the world of those days because they were great days for the club in comparison to how its been neglected and mismanaged for a long time.
One contestant had to name three British Clubs starting with F.
He got Fulham and Falkirk and then struggled a bit before coming up with “Fucking Millwall”
The quiz master gave it a minute and said “I’m going to accept that”.
Made my evening!
This is the worry when someone from abroad comes in and tries to be billy big bollocks.
I dont blame this on Manderic but his first choice ended up in an Azerbaijani jail and the second is now ....after what he left at pompey one has to ask serious questions about people taking over clubs in the shit just to make a bit of a killing.
Chansiri seems to have a mental health issue - see his interview when he reveals Xsco Munoz as manager ( you tube) when he spent most of the conference slagging off Carlton Palmer.
Even if we are chucked out of the league - we will be back ! Because players managers and owners come and go but the club or fans never dies.
No one is going to pay Chansiri's asking price, and if i was an interested buyer i'd be holding off and looking to get you on the cheap if/when you go into administration.
The North Stand is quite a significant structure. The second ever cantilever stand opened in the UK, it was very advanced when it opened in 1961, but it and Hillsborough are badly showing their age now.
rudderless.
There is some genuine interest in the club but not in this state would anyone buy it - he knows this, he also invented a hoax italian bidder.
The EFL doesn't seem to be offering any type of help or interaction.
Put it simply if the players refuse to play due to yet another lack of pay then its the end game for us.
Derby, Sheffield Wed sold to bypass the financial rules (cheating) and we had an our owner bugger off with the major assets and now holds us to ransom. No one should be able to buy the ground a stadium is built on, it is the only way we can protect our football heritage.
A third of the ground closed, debts probably in millions, players walking away. I hope it does not end in administration, but unless he can accept the Club is worth I guess £45 to £50m, less debts, it is difficult to see any other outcome.