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BREAKING - Club Statement


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11 minutes ago, Maddogbob said:

It's nothing to do with that from a personal point of view. I see little point being in a competition, you can't win. 

 

At that point it ceases to be a competition. I want to see Wednesday win, batter, distroy clubs not "compete" against these big clubs. 

 

In its current form, we are set up to fail, in a competition, that if we are honest, only views us as an afterthought. 

 

 

If we are currently set up to fail then I'd say we are making a pretty good fist of it as things stand.

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4 minutes ago, 2roland2 said:


so because I’m realistic I’m a loser who gives up and let’s my women run off with another bloke lol fizz me this site lol 

 

leicester have a very rich owner and have run the club a lot better than us, they have had one massive season that no one could expect. This season they are doing well but it’s half way. 
 

tbf to Leicester they are a very well run club and maybe they might push on to be a top 6/7 club lomg term, but do you think they are going to challenge city and liverpool? Really? They are 13 points behind at halfway with a game more played and by all accounts are having a better season than when they won the league......

 

Leicester was a club building for at least the past ten years, and doingg it very well which again proves my point of run the club efficiently rather than taking wild punts.  I think I already went through net spend figures regarding them in other threads, can’t be arsed to drag it up again. 

No roland ive read loads of your posts where you come out scrapping... I was speaking metophorically and trying (unsuccessfully it seems) to be humorous at the same time. 

 

What i cant understand is your submissive attitude towards the clubs chances of eventual success of some description. 

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16 minutes ago, Anlaby Owl said:

What about leicester???? I would have thought from the way they are run that wolves would have every chance of challenging in the next few years and then theres united..

With respect roland we live on different planets.  If i get put down i get up and start punching. So what if the blokes a bruiser and puts me on my arse a few more times.  At least he will know hes been in a scrap....and i might just get that lucky punch in. You just seem consigned to watching your girlfriend go off with the bigger lads, happy to go back to playing on your xbox alone. 

Treat your girl right in the first place and she won't leave you... and you save yourself getting punched in the face repeatedly too

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51 minutes ago, horny owl said:

Correct

Ive fallen out with football because if you’re not in the Premier league you’re nobody

The game has been ruined beyond repair

But I still want Wednesday in the top flight because if we waltzed into there next season we’d be bigger than half of the premier clubs up there

Why the hell shouldn’t one of the country’s biggest clubs sit at the top table?
Im not a fan of chansiri but I’m on board if this is the way we’re going about it

phook the EFL

I agree on most of the points but don't entirely agree that "the game has been ruined beyond repair".

 

The game  in England, especially the Premier league is only reflecting what has been happening on the continent for years and if we wanted our game to stay competitive, has had to go along with their model (one could argue we have surpassed it).

 

The problem as you've pointed out, is that if you're not at the party you're in danger of being left behind and this has been exacerbated by the EFLs ridiculous archaic, 'one size fits all' rules that only benefits the poorer clubs.

 

The product the championship offers is excellent but could be so much better if it wasn't artificially stifled & held back. It's like a 200 mph Ferrari governed to 60 mph 'for the owner's own good'.

 

Let the cream rise to the top, even if it's bought & paid for by a rich benefactor (that's how the Prem works). If club's are not in this bracket, then they can ply their trade in a lower division with like minded clubs. This is the idea of the division system, not some socialist style (everyone's equal) philosophy, that just levels down instead of up (as per the Prem), with the exception of failure payments.

 

I don't think the game is "ruined", I think it is just massively different to what we used to know. I do however, think that our perspective of it all is naturally swayed by our year on year historical lack of ambition, leading to us being left behind.

 

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2 hours ago, briggowl said:

 

So if 'no step will be taken in the disciplinary case, until the arbitration is resolved' are we just stalling? 

 

How long can we keep this stalling going? Is this the ultimate gamble to get accepted into the premier league before the EFL get a chance to screw us over? 


As I’ve stated before, the EFL have the power to suspend our promotion. 
 

Here’s a question.......

 

Has anyone ever been promoted to the EPL whilst charges are outstanding against them from the EFL? I can’t imagine for one minute the EFL would allow that to happen

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32 minutes ago, 2roland2 said:

your still not getting it are you? 

On the contrary i think it's you.

Eveything you have said applied to allen, mandy and all before them.

What you can't get your head round is the amounts of money. Unless you know for a fact how much chansiri is worth?

 

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4 minutes ago, bigthinrob said:

I agree on most of the points but don't entirely agree that "the game has been ruined beyond repair".

 

The game  in England, especially the Premier league is only reflecting what has been happening on the continent for years and if we wanted our game to stay competitive, has had to go along with their model (one could argue we have surpassed it).

 

The problem as you've pointed out, is that if you're not at the party you're in danger of being left behind and this has been exacerbated by the EFLs ridiculous archaic, 'one size fits all' rules that only benefits the poorer clubs.

 

The product the championship offers is excellent but could be so much better if it wasn't artificially stifled & held back. It's like a 200 mph Ferrari governed to 60 mph 'for the owner's own good'.

 

Let the cream rise to the top, even if it's bought & paid for by a rich benefactor (that's how the Prem works). If club's are not in this bracket, then they can ply their trade in a lower division with like minded clubs. This is the idea of the division system, not some socialist style (everyone's equal) philosophy, that just levels down instead of up (as per the Prem), with the exception of failure payments.

 

I don't think the game is "ruined", I think it is just massively different to what we used to know. I do however, think that our perspective of it all is naturally swayed by our year on year historical lack of ambition, leading to us being left behind.

 


That’s where the EFL have a problem and why some ‘bigger’ clubs in the championship are disgruntled. The EFls TV money goes to all 72 teams and it’s no where near the amount the EPL get. If that changed, either by a EPL2 being formed or the EFL altering the payment structure, some smaller teams would go out of business. 

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19 minutes ago, 2roland2 said:


I have said this too, I do t begrudge anyone wanting to win big, or see us have glory days, do I realistically think we will in my life time, absolutely not, it doesn’t mean I don’t want it mind. 
but as I said many times I don’t want us to wildly gamble to try and get there. But it seems because I’m being sensible I’m a cheeky monkey who doesn’t back us, who is weak , who is small minded and doesn't want any success lol 

don’t know why I try and be reasoned and sensible on here I might as well just post fizz it back the boys gamble away Chansiri fizz the efl and fizz the other teams we will, be champions of the world shaft pig fizz knuckle etc. 
 

my life would be much simpler and I wouldn’t have to spend as much time posting the same thing twenty times explai I g I get their views but I have mine. lol 

 

 

 

In an ideal world most of us would want to be financially secure in the way the club goes about trying to achieve success but is that realistic?

 

We tried to do that for a time under previous regimes, we were in the bottom quarter of the division for budgets under the likes of Allen and Mandaric but even then the spending wasn't under control, we were close to going under not long after the Allen regime left us rudderless and losing money season after season which Milan didn't want to continue to bankroll.

 

It's not right but if you look at the teams that have won promotion to the PL since we got back into Championship, many have spent more than the rules allow in doing so.

The odd club like Utd and Burnley have done so within a certain budget but in Utd's example they have done so solely due to falling on the right manager at the umpteenth attempt and even so their boardroom dealings are being dragged through the courts.

 

I can understand the premise of P&S rules in trying to prevent debts but it is not working and needs to be challenged. Fair enough stop owners loaning money to clubs at extortionate rates that will never be repaid but if an owner wants to commit his own money to sponsorship for example than why prevent this?

   

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1 hour ago, dorian gray said:

100%.

some would be better off at jokewell, they could buy a copy of the balance sheet instead of a matchday programme.

I think it's just a simple case of 'some' have little or no understanding of 'money' except through their own experiences.

if dc bought a bently, some would be saying 'why when there's a lovely skoda down the road for £1,000.'

it's a man living in a totally different world than the one occupied by more than 99+% of wednesday fans.

 

43 minutes ago, Anlaby Owl said:

What about leicester???? I would have thought from the way they are run that wolves would have every chance of challenging in the next few years and then theres united..

With respect roland we live on different planets.  If i get put down i get up and start punching. So what if the blokes a bruiser and puts me on my arse a few more times.  At least he will know hes been in a scrap....and i might just get that lucky punch in. You just seem consigned to watching your girlfriend go off with the bigger lads, happy to go back to playing on your xbox alone. 

NEIL, there needs to be a button to press for an agree, or like plus one thousand adding to the options, for when people are pointing out the bl**ding obvious to those who will not see.

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Guest LondonOwl313
50 minutes ago, 2roland2 said:


your still not getting it are you? 
 

he is owed 77 million possibly nearer to 100 now by our club, it doesn’t matter he’s the owner.  If he ceases to be owner we owe Mr chansiri that money.  The stadium he bought is his, not the clubs, as long as he is here and not pissed off that’s fine, what is a problem is if he gets pissed off or  wants to leave he can offset that back against the loans he is owed,.... or he can hold potential new owners to ransom with buy back fees or renting like Bates did with Leeds......

 

whilst ever Chansiri is at the club it doesn’t matter but it will if he ever wants out, and with all the poo that’s going on, if I were him I wouldn’t be too keen on sticking around

Roland, sorry but it’s you who isn’t understanding this.. the amount the club owes in debt to its 100% equity owner is irrelevant. Say it’s £100m.. that’s far more than the club is worth. Nobody is going to come in and buy the club under the proviso that debt is repaid. So the reality is Chansiri would have to write the debt off to facilitate the sale. This is why he’s faced with a choice that’s either carry on and hope for the windfall, or sell the club for what it’s worth (c.£40m) to someone else and write off his losses. So you’re fundamentally incorrect to say that should he cease to be owner we would owe him the money. That’s just not how it works

 

its the same with the stadium sale. As you said, fine while he’s here. It would be an issue if he still owned it having sold the club. But that’s not a realistic prospect... because it would be a term demanded by any buyer that he include the stadium in the sale of the club. Nobody would buy the club without Hillsborough. 
 

His options for extracting money from the club are 1. Carry on funding it and hope for the windfall (where we are currently). 2. Sell the club as a going concern for £40m for a willing buyer, writing off the debts and giving back ownership of the stadium in the process. 3. Liquidate the assets. How much do you think the ground and training ground would fetch in a pretty average area of north Sheffield and right next to a river bank that’s flooded before? I don’t know the answer but it’s significantly less than it’s worth for it’s current purpose. The ground derives most of its value from the football club so wouldn’t be worth much without it

 

So can already see that 3 is an inferior proposition to 2, so it’s not going to happen. So we’re back to either we carry on and hopefully goes up or he walks away and someone else comes in with a clean slate.

 

Theres really no reason to be alarmed at all. If he starts borrowing money from third parties that’s when I’ll be concerned 

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57 minutes ago, 2roland2 said:


your still not getting it are you? 
 

he is owed 77 million possibly nearer to 100 now by our club, it doesn’t matter he’s the owner.  If he ceases to be owner we owe Mr chansiri that money.  The stadium he bought is his, not the clubs, as long as he is here and not pissed off that’s fine, what is a problem is if he gets pissed off or  wants to leave he can offset that back against the loans he is owed,.... or he can hold potential new owners to ransom with buy back fees or renting like Bates did with Leeds......

 

whilst ever Chansiri is at the club it doesn’t matter but it will if he ever wants out, and with all the poo that’s going on, if I were him I wouldn’t be too keen on sticking around

Sorry mate, it's you that doesn't get it.

 

He can't sell the club and keep the debt. It doesn't work like that. If you buy something you decide what it's worth and pay that amount. If the club has a lot of debt, or any debt you would insist the debt is cleared before purchase. 

 

As an example you might be prepared to pay £50M for the club free of debt. You wouldn't pay £50M and take on £100M of debt.That would mean you are actually paying £150M.

 

We've been over this ground so often and you just don't seem to grasp it.

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29 minutes ago, Essix Blue said:


Was it the current owners who took them that way?

 

Genuine question, not fishing. 

 

Oh no, It wasn't the new lot.

And thats part of the point.

They probably wouldn't have the current owners if they hadn't cheated the people they owned money to.

They'd probably be down here with us. Or lower.

 

They're doing it right. Now. From a platform built on administration. 

 

 

 

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6 minutes ago, LondonOwl313 said:

ts the same with the stadium sale. As you said, fine while he’s here. It would be an issue if he still owned it having sold the club. But that’s not a realistic prospect... because it would be a term demanded by any buyer that he include the stadium in the sale of the club. Nobody would buy the club without Hillsborough. 

 

Plenty of owners have bought clubs without the stadium. Happens all the time.

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