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

waspish said:
Am sorry docking a club in big trouble to then end up a league lower which in turn give them less money is a fucking rule that benefits no one! Who thought up that one hey? Rick Parry is bet who is in the pocket of the bigger clubs! We had over 100 years where we let clubs just get on with it! There are more clubs in trouble now than ever because of these draconian rules! It’s mad that people who don’t give a toss about the lower clubs are running 72 clubs!
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Let’s not forget that Rick Parry oversaw the EFL refusing to allow Bury to play games that would have saved them whilst allowing Bolton in a similar position to play theirs, and also allowed Wigan to be bought by a guy they knew was going to place them into admiration so his mates in Asia could win a bet. He also oversaw the Coventry and Reading situations without doing anything.

Rick Parry doesn’t want an EFL, he wants a Premier League that his Liverpool can be one of the big boys in, and then everyone else to be non-league teams. He wants a future where the only place to see any good quality football in England is at a few select clubs. His vision is a 100k capacity Anfield, tickets at £300 minimum, and everyone else to be paying £100 a month to LFCTV.
 
Chris-NCL said:
Let’s not forget that Rick Parry oversaw the EFL refusing to allow Bury to play games that would have saved them whilst allowing Bolton in a similar position to play theirs, and also allowed Wigan to be bought by a guy they knew was going to place them into admiration so his mates in Asia could win a bet. He also oversaw the Coventry and Reading situations without doing anything.

Rick Parry doesn’t want an EFL, he wants a Premier League that his Liverpool can be one of the big boys in, and then everyone else to be non-league teams. He wants a future where the only place to see any good quality football in England is at a few select clubs. His vision is a 100k capacity Anfield, tickets at £300 minimum, and everyone else to be paying £100 a month to LFCTV.
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He is there to stop a club who could become a top club in premier who have massive following if they did go up, just like Sheffield Wednesday who in the premier if in it for 3/5 years would become a club who could compete for top 6 at least, they love clubs coming up who lick the cartels bell-ends, like a reading who in effect when in premier abstained when ffp was voted on in effect bringing it in! Oh look at that club now hey!?
 
Reading between the lines of the BBC article by Rob Staton, it looks as though Chansiri is claiming that it is the fans' boycott of games that has increased the financial pressure on the club, hence he had no alternative but to place the club into administration. Classic case of blaming the victim.

Sincerely hope a responsible buyer is found quickly and good luck to all Owls fans.
 
waspish said:
He is there to stop a club who could become a top club in premier who have massive following if they did go up, just like Sheffield Wednesday who in the premier if in it for 3/5 years would become a club who could compete for top 6 at least, they love clubs coming up who lick the cartels bell-ends, like a reading who in effect when in premier abstained when ffp was voted on in effect bringing it in! Oh look at that club now hey!?
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Yeah, I said exactly this earlier in this thread.

He’s here to make Liverpool bigger and better. His end goal is the end of the EFL, how he survived project big picture is beyond me, that’s without including the handling of similar situations as Sheffield Wednesday at other clubs.
 
So do they start again as Sheffield Thursday?

Sorry for being flippant - when things were bad at City, never this bad though - it was the humour that got us through. Gallows humour.

To all the Wednesday faithful - now is the time to get behind the club, you're going down, embrace it, turn up in numbers, enjoy the ride, keep laughing, boozing and sticking two fingers up at the corrupt fuckers who oversee the EFL for their own agendas - you will be back.

Good luck to you all
 
johnny crossan said:
Over the brink - they have now filed for administration. So much for the football regulator appointment to protect clubs from unsuitable owners.

news.sky.com

English Championship side Sheffield Wednesday file for administration

Championship side Sheffield Wednesday have filed for administration, according to a court filing seen by the Reuters news agency.
news.sky.com news.sky.com
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The regulator which doesn't start until next month stopping something which happened 10 years ago?

Only someone extremely rich or a clown would buy a football club like that when it costs £10-15m a year just to stand still. Chansiri may get more money back this way as no one was serious about buying.
 
HolisticJim said:
I don't get why they deduct 12 points. Surely them being relegated would also worsen their financial position.

Perhaps I'm nieve but I'm not understanding why that happens.
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This was down to Leicester City going into administration in the early 2000's, they had a flat-pack admin which meant they didn't lose any players etc and the debt was written off/reduced and they were promoted back to the PL at the end of the season.
 
Corky said:
The regulator which doesn't start until next month stopping something which happened 10 years ago?

Only someone extremely rich or a clown would buy a football club like that when it costs £10-15m a year just to stand still. Chansiri may get more money back this way as no one was serious about buying.
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I think there has been extensive communication with the IFR, the head and the CEO of which have been in post for 3 weeks.
www.yorkshirepost.co.uk

Sheffield Wednesday fans forced to wait for removal of Dejphon Chansiri

Although English football's new regulator has made his first senior appointment, Sheffield Wednesday fans will have to wait a while longer before David Kogan can deal with their unwanted owner.
www.yorkshirepost.co.uk www.yorkshirepost.co.uk
 
It's so sad for the football community that some club owners take their fan base for granted and use them as assets to get bank loans and then place the debt in the account books, Sheffield Wednesday should never be in this sort of mess and is now facing the wall of death,

The EFL should hang their heads in shame, the whole board and Rick Parry should be made to standdown
 
johnny crossan said:
I think there has been extensive communication with the IFR, the head and the CEO of which have been in post for 3 weeks.
www.yorkshirepost.co.uk

Sheffield Wednesday fans forced to wait for removal of Dejphon Chansiri

Although English football's new regulator has made his first senior appointment, Sheffield Wednesday fans will have to wait a while longer before David Kogan can deal with their unwanted owner.
www.yorkshirepost.co.uk www.yorkshirepost.co.uk
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!st November is when it starts, they are just recruiting now. They can't revoke the licence as the scheme hasn't started and they have zero powers so fat.

Plus, as you ignored it, he bought it 10 years ago.
 
Corky said:
!st November is when it starts, they are just recruiting now. They can't revoke the licence as the scheme hasn't started and they have zero powers so fat.

Plus, as you ignored it, he bought it 10 years ago.
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I repeat the IFR David Kogan and his CEO Richard Monks have been in post for three weeks - i.e. on the payroll & working. It is inconceivable the Sheff Wed crisis has not crossed their desk and the fact Chansiri bought the club 10 years ago is irrelevant. How much they will influence future events will be interesting to find out, certainly any new owner will be subject to their hopefully improved scrutiny.
 
mancboy said:
neither is psr or whatever itineration of it they are using this week, while clubs carry significant debt whether it be owed to a bank or to the owners they will always be at risk of falling into trouble, im not saying that debt is a bad thing as most businesses carry debt to operate and if it is serviced correctly then it is fine but it does carry and inherent risk and psr, the football regulator will not mitigate that.
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Spot on!

It is all about good business practice. When you consider the overall success of the EPL/ first division and the English pyramid as a whole over decades and consider the number of clubs in distress over that very long period. There is not a lot wrong and it has been a roaring success!
 
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