Sheffield Wednesday - Into Administration (p44)

Chansiri might be the biggest creditor but if the new owners don't pay the 25% it will be the small local businesses who will be even further hurt.

And if they do go down again, oh well see ya later, who gives a toss at the end of the day. The more "big" clubs suffer because of bad ownership and even worse spending, the more diligent other clubs will hopefully be in the future 

No worse than Burton's or Exeter's IMO, better than Port Vale's and Northampton's. I honestly think they'll be fine, they won't come straight back up, but they'll have enough about them and will be able to add enough freebies etc that will get them a spot in the lower midtable

sam3110 said:

And if they do go down again, oh well see ya later, who gives a toss at the end of the day. The more "big" clubs suffer because of bad ownership and even worse spending, the more diligent other clubs will hopefully be in the future 

We lose £10-13M a season and are propped up by our owners.  Always surprises me how many of our fans are keen to see other clubs suffer because they get into a mess with their finances.

I remember when Leeds started a league one season on -15.

They wiped that out in their first 5 games and made the play offs.

Stu_of_Kunming said:

Athletico Charlton said:

sam3110 said:

And if they do go down again, oh well see ya later, who gives a toss at the end of the day. The more "big" clubs suffer because of bad ownership and even worse spending, the more diligent other clubs will hopefully be in the future 

We lose £10-13M a season and are propped up by our owners.  Always surprises me how many of our fans are keen to see other clubs suffer because they get into a mess with their finances.

I'm more keen to see them suffer for all the cheating.

They cheated FFP once in 2020 didn't they, were deducted points which ultimately caused them to be relegated to L1. 

This time around they didn't cheat, the owner simply stopped putting money in.  They have been punished for it in line with the rules (fair enough) and are being relegated again, having lost their better players for free.

I feel for their fans who have had to endure an owner worse than/as bad as any we have had.

MarcusH26 said:

https://www.swfc.co.uk/news/2026/march/10/update-on-sale-process/

New preferred bidder , American based consortium 

Oh well you never get anywhere with one of those do you...

Athletico Charlton said:

sam3110 said:

And if they do go down again, oh well see ya later, who gives a toss at the end of the day. The more "big" clubs suffer because of bad ownership and even worse spending, the more diligent other clubs will hopefully be in the future 

We lose £10-13M a season and are propped up by our owners.  Always surprises me how many of our fans are keen to see other clubs suffer because they get into a mess with their finances.

If we get into that big a mess we deserve what comes with it, as a club. 

Yeah it's shit for the fans but at the end of the day that's the risk/reward.

Most fans want their clubs to constantly spend money on better players.

Everyone at the start of the season is "hope we get promoted this year" and not "hope we break even/turn a profit this year"

sam3110 said:

Athletico Charlton said:

sam3110 said:

And if they do go down again, oh well see ya later, who gives a toss at the end of the day. The more "big" clubs suffer because of bad ownership and even worse spending, the more diligent other clubs will hopefully be in the future 

We lose £10-13M a season and are propped up by our owners.  Always surprises me how many of our fans are keen to see other clubs suffer because they get into a mess with their finances.

If we get into that big a mess we deserve what comes with it, as a club. 

Yeah it's shit for the fans but at the end of the day that's the risk/reward.

Most fans want their clubs to constantly spend money on better players.

Everyone at the start of the season is "hope we get promoted this year" and not "hope we break even/turn a profit this year"

Maybe, although the way UK football and Charlton are currently set up it is simply not possible for us to break even outside of the Premier League in any long term/meaningful way. So to say we deserve it seems strong to me.
The gravy train will stop one day (certainly outside the PL) and I wonder what happens to clubs like us with big fixed costs they can't get away from.
I just find fans revelling in other clubs demise to be somewhat lacking in class (unless it's Palace).

sam3110 said:

And if they do go down again, oh well see ya later, who gives a toss at the end of the day. The more "big" clubs suffer because of bad ownership and even worse spending, the more diligent other clubs will hopefully be in the future 

There but for the grace of god, and all that...

Our diligence, and that of the EFL, provided us with an owner who is now in prison. 

golfaddick said:

LargeAddick said:

Not offering the required 25p in the £ but best offer available. So that would mean a 15 points deduction at the start of next season? However, what’s to stop them spending a lot on transfer fees? Or would there still be an embargo in place?

I don't think there will be any restrictions. I believe its what Southampton did when they got into trouble some years ago. Relegated to League 1, didn't pay creditors what was owed but then spent massively (for League 1 standards) on players. Got promoted to the Championship & then a few years later into the Premier League. 

A reminder of the embargoes and fee restrictions currently in place. A successful takeover would probably clear the embargoes, it will not take away the fee restrictions currently - they could sign free agents, but they cannot pay transfer fees until summer 2027

SomervilleAddick said:

golfaddick said:

LargeAddick said:

Not offering the required 25p in the £ but best offer available. So that would mean a 15 points deduction at the start of next season? However, what’s to stop them spending a lot on transfer fees? Or would there still be an embargo in place?

I don't think there will be any restrictions. I believe its what Southampton did when they got into trouble some years ago. Relegated to League 1, didn't pay creditors what was owed but then spent massively (for League 1 standards) on players. Got promoted to the Championship & then a few years later into the Premier League. 

A reminder of the embargoes and fee restrictions currently in place. A successful takeover would probably clear the embargoes, it will not take away the fee restrictions currently - they could sign free agents, but they cannot pay transfer fees until summer 2027

They effectively have 4 embargoes in place, each one means they cannot add to their playing staff costs,  these are

• Regulation 16.21.8 - Future Financial Information
• P&S Rule 2.10.3 - Secure Funding
• Regulation 17.3 - HMRC Reporting
• Article 48.1 - Football Creditors

Once any new owner resolves these, they are lifted. Essentially it means they can sign players who are out of contract. 

They also have a fee restriction in place for the next three windows. That is the punishment for not paying players on time. They cannot pay transfers or loan fees until the 2027 summer window. That can be appealed - so there is potential wiggle room there although I’m not sure what grounds they would appeal on. 

That's interesting to know.

They took a number of players on loan this season & I'm sure they paid loan fees on most of them. I know they got special agreement from the EFL on at least 1 of them as they had to have a certain number to fulfil a workable squad. 

If what you posted is true going into the new season then I expect Sheff Wed to sign a few out of contract players and a number of loanees (probably replacing the ones they had this season).

I also expect any out of contract players they sign will be late into the transfer window (and even beyond) as those players will be eyeing up other clubs, esp ones not starting the season on   -15 points.

I posted yesterday that I think they will have trouble staying up next season. Lots of people disagree saying they will sign decent League 1 players with some posters saying they will come straight back up. With what you posted above I continue to think they will struggle to keep out of the bottom 4......obviously based on the fact they can't spend any money.

golfaddick said:

SomervilleAddick said:

golfaddick said:

LargeAddick said:

Not offering the required 25p in the £ but best offer available. So that would mean a 15 points deduction at the start of next season? However, what’s to stop them spending a lot on transfer fees? Or would there still be an embargo in place?

I don't think there will be any restrictions. I believe its what Southampton did when they got into trouble some years ago. Relegated to League 1, didn't pay creditors what was owed but then spent massively (for League 1 standards) on players. Got promoted to the Championship & then a few years later into the Premier League. 

A reminder of the embargoes and fee restrictions currently in place. A successful takeover would probably clear the embargoes, it will not take away the fee restrictions currently - they could sign free agents, but they cannot pay transfer fees until summer 2027

They effectively have 4 embargoes in place, each one means they cannot add to their playing staff costs,  these are

• Regulation 16.21.8 - Future Financial Information
• P&S Rule 2.10.3 - Secure Funding
• Regulation 17.3 - HMRC Reporting
• Article 48.1 - Football Creditors

Once any new owner resolves these, they are lifted. Essentially it means they can sign players who are out of contract. 

They also have a fee restriction in place for the next three windows. That is the punishment for not paying players on time. They cannot pay transfers or loan fees until the 2027 summer window. That can be appealed - so there is potential wiggle room there although I’m not sure what grounds they would appeal on. 

That's interesting to know.

They took a number of players on loan this season & I'm sure they paid loan fees on most of them. I know they got special agreement from the EFL on at least 1 of them as they had to have a certain number to fulfil a workable squad. 

If what you posted is true going into the new season then I expect Sheff Wed to sign a few out of contract players and a number of loanees (probably replacing the ones they had this season).

I also expect any out of contract players they sign will be late into the transfer window (and even beyond) as those players will be eyeing up other clubs, esp ones not starting the season on   -15 points.

I posted yesterday that I think they will have trouble staying up next season. Lots of people disagree saying they will sign decent League 1 players with some posters saying they will come straight back up. With what you posted above I continue to think they will struggle to keep out of the bottom 4......obviously based on the fact they can't spend any money.

If your wage budget is decent (+ the lure of playing for a genuinely “massive” club at that level)  you can probably construct a pretty decent squad in L1 with free transfers. Might not be sufficient to get promoted but I think you’d make up 15 points over the course of the season on the utter dross that inhabits the lower reaches of League One

MarcusH26 said:

Until we know who's going to be the manager (I doubt a new owner would keep Pedersen) it's a tricky one to really judge. I think you could cobble together a decent squad but £7k a week I don't think goes that far in League 1 in terms of attracting quality free agents. 

Think they'd be safe but it would be tight. 

killerandflash said:

As long as you can pay decent wages, then you can sign decent free transfers and loan players. The sort of deadwood where clubs just want the wages off their books.Maybe loans with a purchase option in summer 2027 when the restrictions end.

Isn't that the point though, they're restricted to 7k a week.