Sheff Wed under embargo because of HMRC debt
Sheffield Wednesday are put under a registration embargo by the EFL because of money owed to HMRC.
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Embargo for Sheffield Wednesday
- Thread starter mutley marvel
- Start date
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They need to be very, very careful. HMRC have publicly stated their policy of forcing the winding up of any club owing unpaid tax over a long period. They’re anxious to make an example of a big club to bring the whole industry into line.
Gallows humour from a Wednesday fan.
'The EFL can't give us a points deduction, we haven't got any points'.
'The EFL can't give us a points deduction, we haven't got any points'.
As I've said for a while, it will get worse before it gets better, whatever that may be, League 1, League 2, National League, Admin, Liquidation who knows. I wouldn't bet against any of them.
Not paying HMRC never ends well, I wonder if this is Chancer sticking to his guns of not putting money in or as some suspect he's run out of cash and doesn't have a pot to p*ss in?
Either way this is money that has been deducted from employees wages so should be paid without question.
Not paying HMRC never ends well, I wonder if this is Chancer sticking to his guns of not putting money in or as some suspect he's run out of cash and doesn't have a pot to p*ss in?
Either way this is money that has been deducted from employees wages so should be paid without question.
We've been there mate, we've stared into the precipice of liquidation.
Admin was our darkest of times.
Admin was our darkest of times.
Chairman asks fans to raise £2m
Some wages may not be paid it seems.
www.thestar.co.uk
Some wages may not be paid it seems.
Chansiri calls on fans to ‘save Owls’ with £2m for wages and HMRC bill
Sheffield Wednesday owner Dejphon Chansiri has asked supporters who ‘call themselves owners’ to come up with £2m within the next few days to save the club from a multi-window transfer embargo - and admitted players and club staff might not be paid this month amid major cash flow issues.
www.thestar.co.uk
This is the same chairman who has spent the last year having a go at the fans?Chairman asks fans to raise £2m
Some wages may not be paid it seems.
Chansiri calls on fans to ‘save Owls’ with £2m for wages and HMRC bill
Sheffield Wednesday owner Dejphon Chansiri has asked supporters who ‘call themselves owners’ to come up with £2m within the next few days to save the club from a multi-window transfer embargo - and admitted players and club staff might not be paid this month amid major cash flow issues.
Chairman asks fans to raise £2m
Some wages may not be paid it seems.
Chansiri calls on fans to ‘save Owls’ with £2m for wages and HMRC bill
Sheffield Wednesday owner Dejphon Chansiri has asked supporters who ‘call themselves owners’ to come up with £2m within the next few days to save the club from a multi-window transfer embargo - and admitted players and club staff might not be paid this month amid major cash flow issues.
He's really not trying to endear himself with his fans, is he? Saying that if they're the owners and he's just the custodian then they should stump up the £2million the HMRC is owed? And this will only dig them out of a hole for one month: Chansiri can't expect the fans to do this every month.
SWFC Supporter's Trust response from X/twitter
I'm out of my field of knowledge here, but if he can't/won't put funding into the club (I think the former), and if Wednesday are running at a loss, and have no reserves to pay wages, then aren't they technically insolvent?
I would say so, but, no expertise either.
Failure to pay wages usually sees a points deduction penalty, although these can be suspended. Last thing they need after their first win is all this inner turmoil.
Have to feel for the fans who are supporting their team in numbers and now being told to cough up more money.
