I'm not looking to spark a debate here about who is right or wrong, but I heard recently that Chansiri is believed to have spent around £160m in his time as owner/chairman and in his recent statement suggests that he injects £2m EVERY MONTH into the club to keep it running. You can understand his frustration, as he wrongly absolves himself of responsibility of his terrible decisions and stewardship, when the fans are critical of him. The club has been a total financial nose-bleed for him. The only way he could remotely see that money ever again would be if Sheff Wed were in the prem, looking towards the top 7.
I don't think some people quite realise the gravity of the fact they weren't financially sustainable measured against Championship income when they were in league one!
I agree they look nailed on for relegation, but I think relegation might be the least of their concerns. If running costs aren't managed as the owner withdraws funding then they're heading for administration.
Put yourself in his shoes. You're (if you're insanely lucky and almost impossibly) 4 seasons away from the premier league - which would be the only way to sell the club and make even a slight dent in your £160m loss. You've got the choice now to inject £2m a month (~£96m over 4 seasons), whilst repeatedly being criticized for getting everything wrong (which you are). £160m down, another £100m required on a total pipe dream...
Or just not invest a penny and let the club collapse, pending a sale.
He will have to sell the club. But he won't get anywhere near enough to dent £160m. Not to mention, it's a financial nose-bleed currently, so there's not going to be a long list of buyers with offers even close to a respectable figure. This is also reflected in his statement.
I don't mind watching them lose every week, but this must be bloody awful for everybody involved.
Some of these figures could ultimately be wrong, of course, but my main point is this is very bleak and relegation isn't all that should be feared.
www.swfc.co.uk
