Sheffield Wednesday on the brink… | Enter administration (p30)

[Bantamgaz]

Surly the EFL should put something in place now that they can take the club of owners if they feel that the club is in great danger.
I mean what is happening at Wednesday is fooking shocking and sadly the fans lose out.
Any idea on the ST sales ????

 

[Citizen of Legoland]

Surly the EFL should put something in place now that they can take the club of owners if they feel that the club is in great danger.
I mean what is happening at Wednesday is fooking shocking and sadly the fans lose out.
Any idea on the ST sales ????

It’s a private business, how can they do that?

Businesses go bust all the time and nearly all of them are down to bad management. From a cost perspective it’s usually best to let the worst failing businesses fail and then restart. Unfortunately when you get thick, but rich, people in charge there’s absolutely nothing the EFL can do, and in any case that owner is probably putting themselves first over the business. In Bury FC’s case, he was clearly hoping for the business to go so he could sell the land.

If you think about it, having the vast majority of the 92 clubs in the top 4 divisions still trading after 100 years or more each, is quite remarkable.

 

[Platt Lane 59]

It’s a private business, how can they do that?

Businesses go bust all the time and nearly all of them are down to bad management. From a cost perspective it’s usually best to let the worst failing businesses fail and then restart. Unfortunately when you get thick, but rich, people in charge there’s absolutely nothing the EFL can do, and in any case that owner is probably putting themselves first over the business. In Bury FC’s case, he was clearly hoping for the business to go so he could sell the land.

If you think about it, having the vast majority of the 92 clubs in the top 4 divisions still trading after 100 years or more each, is quite remarkable.

Commercially, you are correct in applauding the fact that most of the 92 clubs from a century ago, are "still trading".
But, football (or any sport that has a large number of match going attendees) is different to "other businesses that go bust all the time".
Usually, a business goes bust because of bad management or the consumer going elsewhere.
Wednesday probably have 35,000 plus fans that want to continue supporting the club and attending matches at Hillsborough.
Surely, these fans should not be punished by the EFL because the owner is an emotional and egotistical idiot ?
This new Football Regulator, heralded in by the Government, has an immediate chance to make an impact.
Hopefully, fans of SWFC, Morecambe, Reading and others, will continue to get the chance to support and watch their fantastic, long-standing football clubs...

 

[West Yorks Owl]

So how was he forced to sell his asset? Did he have to accept any offer deemed reasonable by the EFL or were sanctions threatened against the club which might reduce the value of his asset even further?

I had to look as even though it was only a few months ago, I'm old and forget my name :)
He was disqualified as a an owner and forced to sell on an EFL timescale.

Dai Yongge: Reading owner disqualified and told to sell club by 4 April

Reading owner Dai Yongge is given a deadline of 4 April to sell the club after he was disqualified under the EFL's Owners' and Directors' Test.

www.bbc.co.uk

Surly the EFL should put something in place now that they can take the club of owners if they feel that the club is in great danger.
I mean what is happening at Wednesday is fooking shocking and sadly the fans lose out.
Any idea on the ST sales ????

I reckon 15-17k, it has been decreasing under Chancer as the cost keeps going up but we get less for our money. He's lucky that due to the 1st phase early bird sales starting in January (yes January) a lot of people (me included) bought their ST then.

He if manages to somehow cling on until renewals he'll be shocked how many give up their ST's (including me)

It’s a private business, how can they do that?

Businesses go bust all the time and nearly all of them are down to bad management. From a cost perspective it’s usually best to let the worst failing businesses fail and then restart. Unfortunately when you get thick, but rich, people in charge there’s absolutely nothing the EFL can do, and in any case that owner is probably putting themselves first over the business. In Bury FC’s case, he was clearly hoping for the business to go so he could sell the land.

If you think about it, having the vast majority of the 92 clubs in the top 4 divisions still trading after 100 years or more each, is quite remarkable.

As below, football is not like other businesses, out of the 92 how many turn a profit each season, 5, 6?

For all the money currently in football especially at the top end, the majority of clubs rely on owners to plug the gaps.

Commercially, you are correct in applauding the fact that most of the 92 clubs from a century ago, are "still trading".
But, football (or any sport that has a large number of match going attendees) is different to "other businesses that go bust all the time".
Usually, a business goes bust because of bad management or the consumer going elsewhere.
Wednesday probably have 35,000 plus fans that want to continue supporting the club and attending matches at Hillsborough.
Surely, these fans should not be punished by the EFL because the owner is an emotional and egotistical idiot ?
This new Football Regulator, heralded in by the Government, has an immediate chance to make an impact.
Hopefully, fans of SWFC, Morecambe, Reading and others, will continue to get the chance to support and watch their fantastic, long-standing football clubs...

I think us and Morecambe are unfortunately at the wrong time to be helped by the regulator, the next team in distress though will hopefully get the full weight of new body.

 

[East Level 2]

So the EFL can force an owner to sell in certain circumstances. It can't be beyond the wit of man (but is possibly beyond the wit of the EFL) to re-write their Owners and Directors Rules so that failing to pay wages or creditors, for an extended period would also result in owners being forced to sell.
It wouldn't stop owners asset stripping clubs but might limit what they can get away with.

 

[Bluesince1979]

Hope they survive.
I got given a sheff weds subbuteo team when i was a kid and have since had a soft spot for them.
Been to hillsborough countless times to watch City and is possibly my favourite away day

I know business’ go bust all the time but football is different. Hope things can be sorted

 

[Citizen of Legoland]

Commercially, you are correct in applauding the fact that most of the 92 clubs from a century ago, are "still trading".
But, football (or any sport that has a large number of match going attendees) is different to "other businesses that go bust all the time".
Usually, a business goes bust because of bad management or the consumer going elsewhere.
Wednesday probably have 35,000 plus fans that want to continue supporting the club and attending matches at Hillsborough.
Surely, these fans should not be punished by the EFL because the owner is an emotional and egotistical idiot ?
This new Football Regulator, heralded in by the Government, has an immediate chance to make an impact.
Hopefully, fans of SWFC, Morecambe, Reading and others, will continue to get the chance to support and watch their fantastic, long-standing football clubs...

You’re missing the point I was making. Many of those teams have effectively gone bust and re-emerged with the same name and many of them have survived because their owners have done the right thing and sold them on, City included. The surprising thing is that there haven’t been more teams like Bury who had to go back to square one.

 

[Bantamgaz]

Commercially, you are correct in applauding the fact that most of the 92 clubs from a century ago, are "still trading".
But, football (or any sport that has a large number of match going attendees) is different to "other businesses that go bust all the time".
Usually, a business goes bust because of bad management or the consumer going elsewhere.
Wednesday probably have 35,000 plus fans that want to continue supporting the club and attending matches at Hillsborough.
Surely, these fans should not be punished by the EFL because the owner is an emotional and egotistical idiot ?
This new Football Regulator, heralded in by the Government, has an immediate chance to make an impact.
Hopefully, fans of SWFC, Morecambe, Reading and others, will continue to get the chance to support and watch their fantastic, long-standing football clubs...

Was it that many though ?????
And if there where 92 back then then i bet 25% of them have gone bust or had to restart again.
It should be regulated more than ever now what he is doing is a disgrace its more about HIM than giving a shit about 30k people ?????

 

[No.8]

Was it that many though ?????
And if there where 92 back then then i bet 25% of them have gone bust or had to restart again.
It should be regulated more than ever now what he is doing is a disgrace its more about HIM than giving a shit about 30k people ?????

There is the obvious downside to the EFL giving helping hands to clubs who find themselves in financial trouble.

There are a few clubs , and relatively large clubs at that, who have gone into administration multiple times to clear debts and simply pay creditors pennies in the pound and some even zero pence in the pound. Why should they be helped while other , financially prudent clubs get nothing? Some of the financially prudent clubs may be owed money from the club who recklessly over spent

Obviously this is not aimed at Sheff Wednesday

 

[Steed]

Danny Rohl has left, goes from bad to worse for them.

Danny Rohl: Sheffield Wednesday boss leaves crisis-hit club

Sheffield Wednesday boss Danny Rohl leaves the crisis-hit Championship club by mutual consent.

www.bbc.co.uk

 

[West Yorks Owl]

At least we got today's bad news early, unless it's a double header :)

 

[West Yorks Owl]

This is me talking to the lad, plenty more to come yet son.

Strap yourself in!!!

 

[West Yorks Owl]

At least we got today's bad news early, unless it's a double header :)

Of course it's a double header!!!!



Let the media crucifixtion begin, hopefully it's aimed at the person that deserves it!!!

 

[andthesunshineband]

Your best hope now mate is for a long season? Criminal incompetence from the dickhead owner.

 

[Gareth Barry Conlon]

This is me talking to the lad, plenty more to come yet son.

Strap yourself in!!!

On the bright side you might end up on the coaching staff at this rate.

 

[TinFoilHat]

At least we got today's bad news early, unless it's a double header :)

I feel for you.

Brings back memories of our 'fire sale'.

 

[Steed]

Of course it's a double header!!!!



Let the media crucifixtion begin, hopefully it's aimed at the person that deserves it!!!

My Brother in Law has a season ticket for the North Stand, he hasn't a clue where he'll be relocated to. It's a mess.

 

[jimharri]

I see they've parted company with their manager now....

Danny Rohl: Sheffield Wednesday manager leaves Championship club by mutual consent amid financial issues

Danny Rohl was appointed by Sheffield Wednesday in October 2023; German coach kept the club in the Championship and then led them to 12th last season; Sheffield Wednesday begin their season at Leicester City on Sunday August 10, live on Sky Sports

www.skysports.com

Coupled with their ongoing financial issues, it looks like it's going to be a difficult season for them.

 

[dennishasdoneit]

I see they've parted company with their manager now....

Danny Rohl: Sheffield Wednesday manager leaves Championship club by mutual consent amid financial issues

Danny Rohl was appointed by Sheffield Wednesday in October 2023; German coach kept the club in the Championship and then led them to 12th last season; Sheffield Wednesday begin their season at Leicester City on Sunday August 10, live on Sky Sports

www.skysports.com

Coupled with their ongoing financial issues, it looks like it's going to be a difficult season for them.

Bit of an understatement....

 

[jimharri]

Bit of an understatement....

I'm good at that!