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SWFC Finances - A major worry?


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1 hour ago, @owlstalk said:

 

From the same set of account which might help with the issues of yesterday, These are 2018 account but presumably some of the loyalty bonuses will have been due to Fessi, Fletcher, Fox, Hutchinson, Winnall and these may or may not have been paid.

 

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neil

we should sell our players that time. i think we have over wages bill also transfer fee. i can see us get heavy fine and points dedcution is coming this month. our chairman has done a mistake badly with off the field for ticket prices when up that year also home and away kits price went up. now we are in deep mess u will agree with me neil.

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1 hour ago, PARKOWL said:

i agree to an extent that we don't get decent returns on the majority of our players, but its a weigh up option for example 2 of the players you've named above  Lees and Bannan, if i remember rightly there was only serious talk of interest in them after carlos second season with Burnley in for Lees and Villa i think wanting Bannan back if we'd have sold them both then and collected a reported 15 -20 million for the both of them there would have been an almost universal outcry across all forms of fans forum 

Hindsight is a wonderful thing in football although we do seem to have more sliding door moments than most 

 

 

In Bates's case i assume we agreed to loan him and pay him for a year long loan, why would hamburg take him back and pay him if they've deemed him surplussed to requirements in the first place and there is nothing to say we didnt try to terminate it 

 

As for the mutually terminated contracts, i'd hazard a guess that 95% of footballers would happily sit in the stands collecting their wages rather than accept less money to leave straight away 

If it was up to the fans we would sign every single player and never sell anyone. Clubs evolve all the time no player is irreplaceable, If Madrid can let Ronaldinho leave I’m sure we could replace Lees and Bannan. 

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1 hour ago, ChinaOwl said:

If that were to happen, the club could potentially end up in a situation in which it is impossible to retrieve ownership of the ground. The CPC would consider the ground as a £60 million foreign asset under control of the PBOC.

The Chinese have bilions and billions tied up in London alone.

So why would they do a tittt for tat, we have all their tittts in this country, and they just have our tat in theirs...or summat.

:wacko:

And if they get reyt mardy, we will just compulsory purchase it back, Trump and Boz are both massive Wednedayites after all and will lend us the dosh.

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19 minutes ago, sherlyegg said:

The Chinese have bilions and billions tied up in London alone.

So why would they do a tittt for tat, we have all their tittts in this country, and they just have our tat in theirs...or summat.

:wacko:

And if they get reyt mardy, we will just compulsory purchase it back, Trump and Boz are both massive Wednedayites after all and will lend us the dosh.

 

The triviality of the CPC. I know from personal experience that the PBOC blocked a payment I made from a China based business amounting to Canadian $190. I also know that controls are placed on the amount of money that ESL teachers can transfer out of Mainland China amounting to nothing more than a few hundred quid a month. Assets and cash artificially massage national wealth. The Communist Party have no problem with inward investment but getting it back out is a holy nightmare.

 

At the moment, HK is operating under free market rule as part of the "One Nation, Two Systems" policy. Beijing want to turn HK into nothing more than another Mainland city. Under Beijing legislation if enacted, the ground will be registered as an asset with the People's Bank of China and controlled under the CPC socialist framework.

 

Compulsory purchase of anything from the CPC 🤣

 

Note, there is a current exodus of businesses out of HKSAR as can be verified on various financial websites. The only rationale for maintaining assets in HKSAR is to enable trade and commerce with Mainland and other SE Asian entities. That does not apply to businesses associated with Sheffield Wednesday and it would not be very much of a task to register a company elsewhere for holding the asset.

Edited by ChinaOwl
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23 hours ago, pazowl55 said:

Dont think he is deliberately not doing the last bit. Didnt he work out he could get more money sponsoring it himself.


I don’t buy that. It’s a vanity project for me. chansiri over everything. He could get his money in other ways. 

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4 minutes ago, whatdial said:


I don’t buy that. It’s a vanity project for me. chansiri over everything. He could get his money in other ways. 

Wasnt it said at the time that he could sponsor the club himself for more money than anyone else was offering. Sounds sensible to me.

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25 minutes ago, DJMortimer said:

 

So the entire Championship is paying the players 105% of it's total income without taking any other expenses into account !? 

 

Well, that makes perfect sense doesn't it?

 



It's crackers


Just can't continue

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Owlstalk Shop

 

 

 

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Salary cap...Its the only sensible option.

graded down from the EPL through the leagues, although the wages in the EPL should be at level sustainable to a club should they get relegated...so on through the divisions

 

Edited by asteener1867
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2 hours ago, @owlstalk said:

 

 

Interesting that other than Leeds, 10 of the only 11 clubs spending below 100% of their income on wages were either in receipt of parachute payments that season (or in QPR's case had received them for the 3 previous seasons) or were recently promoted from L1 with lower wage bills. The parachute payment clubs were comfortably in profit as well - so given that the point of them is to cover wages without the PL income, maybe they're too high?

 

Ironically the only 2 clubs that were in receipt of parachute payments which didn't cover their wage bill got promoted... 

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Ouch.

 

there was an article on the Daily Mail yesterday implying that championship clubs would be asked to vote on an £18M wage cap for players over 21 years old (£2.5M in league 1 and £1.25M) in league 2. Any preexisting contract would count as a league average of £720K per year.

 

We'd be in a pickle with around £12m-£13m already committed to next year's returnees.

 

A wage cap at any level would both be welcome and cause a major earthquake throughout football. 

 

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