And who were by far the most generous "other team" donors to young Jaydens Gofund me page.
I hope your Thai tick is removed without leaving his head embedded in your bank account soon.
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Sheffield Wednesday thread
- Thread starter Argyleloyal
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I hope your Thai tick is removed without leaving his head embedded in your bank account soon.
Would a period renting/sharing Bramall Lane be out of the question?
Decided not to mention that Progs but I remember you thanking all on OT and you getting a massive reception. Thanks again for your acknowledgment.
The Thai tick will almost certainly want future payments in the event of promotions as a condition of sale and that’s what’s probably holding things up.
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I think most of us would hate that. We’d probably rather play at Rotherham, although that would be humiliating too. Maybe Derby. I don’t know. It’s too awful to think we might lose Hillsborough.
There’s a strong feeling that Chansiri might be taking us down out of spite now. When people talk about staff not being paid and whether or not fans should help, let’s not forget Chansiri is part of a very wealthy family. Not Saudi level, but absolutely minted nevertheless.
The thought of seeing houses built on the site as per the crying child supporter meme, is unthinkable.
Unless of course some wealthy owners build a new stadium. Still be sad to leave though.
No because if they did spend as much as us they’d be overspending in relation to their income. It’s about being sensible and sustainable.
Seems something really is happening now. Here is the text of a release from Radio Sheffield.
See the quote of a recent interested party about dealings with Chansiri. Also Chansiri’s recent opinion on NDA’s.
Utter madman who is being forced to the negotiating table. Hopefully before some of our better players walk out.
BBC Radio Sheffield is reporting that Sheffield Wednesday are directing parties interested in buying the club to a professional team with a proven track record of selling football clubs, with the aim of completing a takeover.
It marks a change to the club's previous position, with what business insiders consider to be 'proper process' for the sale of a club now taking place.
According to sources, NDA's (non-disclosure agreements) are being signed with interested parties, proof of funds requested and a data room (a virtual secure space to share sensitive documents) has been set up. Financial and management information is being made available.
This is an apparent shift in position by owner Dejphon Chansiri who, in a statement to supporters on 12 April, said: "The word means more to me than the paper – there is no reason for an NDA or similar when that trust could easily be broken.
"I can say there was no NDA in place when I bought our club from Milan (Mandaric). The deal was done on trust from start to finish and behind the scenes, which is the correct and professional thing to do."
What's going on at Sheffield Wednesday?
Sheff Wed players not being paid 'shocking' - PFA
It is believed the lack of proper process in the past has been a stumbling block when interested parties have approached the club. One member of a consortium interested in buying Wednesday described negotiations with the Thai owner as "the most unique" he'd experienced in his business career.
We understand there is more than one interested party and sources believe a sale can be completed without the need for administration. The aim is to do so in weeks rather than months due to the cashflow issues at Hillsborough.
Non-football staff are still waiting for their wages to be paid in full for June, after experiencing the same issue in May. Communication was made to staff on Friday with the club saying they are trying to resolve the issue.
Meanwhile, some Owls players have handed their notice in after delayed payment of wages for two consecutive months.
The club is currently under three separate English Football League embargoes - one for breaking regulations on unpaid players, one relating to HM Revenue & Customs reporting and the other for non-payment of transfer fees. The Owls have also been issued a three-transfer window restriction on paying fees.
Chansiri revealed in a statement recently he had rejected an offer of £40m plus "limited future Premier League promotion payments" from a consortium.
The news that 'proper process' is now taking place could increase the chances of a sale.
See the quote of a recent interested party about dealings with Chansiri. Also Chansiri’s recent opinion on NDA’s.
Utter madman who is being forced to the negotiating table. Hopefully before some of our better players walk out.
BBC Radio Sheffield is reporting that Sheffield Wednesday are directing parties interested in buying the club to a professional team with a proven track record of selling football clubs, with the aim of completing a takeover.
It marks a change to the club's previous position, with what business insiders consider to be 'proper process' for the sale of a club now taking place.
According to sources, NDA's (non-disclosure agreements) are being signed with interested parties, proof of funds requested and a data room (a virtual secure space to share sensitive documents) has been set up. Financial and management information is being made available.
This is an apparent shift in position by owner Dejphon Chansiri who, in a statement to supporters on 12 April, said: "The word means more to me than the paper – there is no reason for an NDA or similar when that trust could easily be broken.
"I can say there was no NDA in place when I bought our club from Milan (Mandaric). The deal was done on trust from start to finish and behind the scenes, which is the correct and professional thing to do."
What's going on at Sheffield Wednesday?
Sheff Wed players not being paid 'shocking' - PFA
It is believed the lack of proper process in the past has been a stumbling block when interested parties have approached the club. One member of a consortium interested in buying Wednesday described negotiations with the Thai owner as "the most unique" he'd experienced in his business career.
We understand there is more than one interested party and sources believe a sale can be completed without the need for administration. The aim is to do so in weeks rather than months due to the cashflow issues at Hillsborough.
Non-football staff are still waiting for their wages to be paid in full for June, after experiencing the same issue in May. Communication was made to staff on Friday with the club saying they are trying to resolve the issue.
Meanwhile, some Owls players have handed their notice in after delayed payment of wages for two consecutive months.
The club is currently under three separate English Football League embargoes - one for breaking regulations on unpaid players, one relating to HM Revenue & Customs reporting and the other for non-payment of transfer fees. The Owls have also been issued a three-transfer window restriction on paying fees.
Chansiri revealed in a statement recently he had rejected an offer of £40m plus "limited future Premier League promotion payments" from a consortium.
The news that 'proper process' is now taking place could increase the chances of a sale.
It’s amazing that there are so many interested parties looking at purchasing. They don’t even own the stadium as Chansiri transferred it to another company of his, and the situation with players, wages, and embargoes is a massive mess.
Meanwhile a supposedly well run club like Argyle have failed to attract any investors despite years of trying. Just hope for Wednesday fans sake that they’re not just being circled by sharks.
Meanwhile a supposedly well run club like Argyle have failed to attract any investors despite years of trying. Just hope for Wednesday fans sake that they’re not just being circled by sharks.
I hope the " proper process" mentioned in the report you quote leads somewhere.
It is a problem however that football has to grasp. It is why I favour an independent regulator. The Manchester City saga is a riculous example of the tail wagging the dog where rules a re so complex and the threat of legal quagmire so expensive that they can escape punishment at the time of the offence and continue to accumulate honours and wealth that comes with it.
Hence, and although I feel for the Wednesday fans, there should be some form of "punishment" of the club for failing to live up to its financial obligations to staff and other organisations. It cannot be right that new owners effectively wash away the effect of the failure to follow the rules everyone else is supposed to follow. Otherwise there is no actual incentive to follow the rules. Why run Argyle sustainably if there is no downside to getting caught if not actively cheating then financially doping your side to perform above its means.
Multiple offences should accumulate penalties....and on an escalating basis so for example , and I'll pick one you'll like. Sheffield United should wgffctively now be on an escalating pathway after their two point deduction should they sin again.. You can have a spent "conviction" much like a Driving License SP30 expires, so you a aren't on the hook forever. Also paying on the never never should only be allowed if a substantial proportion is paid up front and the payment schedule is a binding agreement lodged with AND MANAGED BY the regulator or the League so missed payments can be immediately deducted from Tv money etc.
In Wednesdays case they have benefitted by being able to play players that in effect they don't really "own" because they haven't paid for them either by wages or transfer fees. If by selling the club they avoid administration where is the punishment?
I am using Wednesday as an example but Hull and whoever is next in the "oops we spent it all before we could pay you" queue falls over are equally valid examples.
So good luck in getting your parasitic owner out , and whatever the outcome I hope we get to play you at the level you are currently at rather than after your falling down to us....
Absolutely not. It's absolutely shocking that people are not being paid for performing the duties to which they are contracted.
It's also disgusting that your owner is behaving in such a manner.
But, paying high end championship wages to players in League 1 was never sustainable and most, not all, Wednesday fans took pleasure in calling clubs like Argyle, Ipswich and other sustainable clubs, "small clubs" because we didn't have the same fire power as SW.
That's now come back to bite them on the backside and whilst the staff have sympathy for not being paid, the clubs downfall due to being over extravagant with wages and transfers, is being targeted by other fans.
If it’s any consolation, the money we owe in fees must be the £3m we ‘paid’ for Ugbo who failed to score a single goal all season after we signed him, having been fairly prolific when we had him on loan. So no gain at all for Wednesday from that. Ipswich spent far more than Wednesday on transfers and salaries. They will be fine though with their parachute payments.
As no less a person than Simon Jordan, who whether or not you like him, has more knowledge than any on here or Owlstalk, has repeatedly said - Wednesdays expenditure on salaries has been relatively modest in relation to our income streams.
I tend to believe him rather than Joe Public.
So you spent £3M on a player who didn’t score goals… That may be a small part of the bigger picture here.
I fear we will be joining Argyle in L1 next season at best. Transfer activity at HP is underwhelming to say the least and Wednesday won’t have new owners in place before the season starts, unless something very rapid happens.
As a supporter of both clubs, I hate it when we are both in the same division, especially if battling for promotion or against relegation together.
Serves me right for coming along to HP that first time on a January evening in 1976 FA cup third round replay v Hull.
Argyle lost 4-1 but I did see the great Paul Mariner that night and kept turning up after that. 24000 there that night!
We were all delighted he signed. He was brilliant the season before and a key factor in our miraculous escape from relegation ON LOAN.
Why he looked completely shot of confidence when we’d paid decent money for him is anyone’s guess. The decision to sign him can’t be crticised though. He looked a reyt player the previous season.
So, it doesn't matter if he scored 30 goals. You agreed the fee. Pay it. We paid £1.5million for Baidoo who was fantastic before he joined us. Can't bitch and moan about it because they didn't set the world alight and then moan about the fee because they turned out to be shite. That's football. Middlesborough paid £6 million for Whitaker. The way football goes.
Your heads in the sand, Wednesdays expenditure and wages with the current owner they have, have been over the top. The fact he was asking the fans to contribute to the club last season for the HMRC bill you have speaks volumes. Your blasse attitude and ignorance is making my sympathy towards your club start to shrink. The ignorance is astounding. Your club over spent. Failed to achieve it's objectives in the two year time frame the chairman set out and continued to pay wages to players who should have been sold when the plan wasn't achieved.
The staff being unpaid is shocking but you reap what you sew
I’m sure he was a reyt player banging them in ON LOAN and you were all delighted but you couldn’t afford him which is why you haven’t paid for him and why the club is now under an embargo.
