wembley93 Posted May 1, 2021 Share Posted May 1, 2021 2 minutes ago, DJMortimer said: I'd be instantly suspicious of the competence of anyone stupid enough to even enquire about buying a club in the state ours is in. Someone will be able to buy the club for a pound soon. We will go into administration soon 2 Link to comment Share on other sites More sharing options...
TheSlicer Posted May 1, 2021 Share Posted May 1, 2021 Sheffield Wednesday Football Club will only regress under Chansiri’s ownership, but good luck finding someone thick enough to buy us at Chansiri’s over inflated and unrealistic price. Link to comment Share on other sites More sharing options...
ANDY Posted May 1, 2021 Share Posted May 1, 2021 Eric Alonso’s 30m offer is looking like a good offer now 1 Link to comment Share on other sites More sharing options...
bladeshater Posted May 1, 2021 Share Posted May 1, 2021 2 minutes ago, wembley93 said: Someone will be able to buy the club for a pound soon. We will go into administration soon Who do we owe money to go into administration Link to comment Share on other sites More sharing options...
wembley93 Posted May 1, 2021 Share Posted May 1, 2021 2 minutes ago, bladeshater said: Who do we owe money to go into administration A club that is losing £30m plus a year? What if DC decides enough is enough? He can stop putting money in and the club would still owe for. A. The lease on the ground B. Any contracts signed for sponsorship or catering, money owed in salaries or to suppliers for club shop supplies? This can happen. I’ve been there personally Link to comment Share on other sites More sharing options...
bronxowl Posted May 1, 2021 Author Share Posted May 1, 2021 Not a cat in hells chance he won’t sell, he has to. The alternative is to lose even more money with no end result. Whoever is financing him will pull the plug. 1 Link to comment Share on other sites More sharing options...
Mr Farrell Posted May 2, 2021 Share Posted May 2, 2021 Link to comment Share on other sites More sharing options...
Manwë Posted May 2, 2021 Share Posted May 2, 2021 Wednesday would stay up for sure if it wasn't for the six deducted points, which clearly shows Chansiri knows what he's doing on the football side of things. 1 Link to comment Share on other sites More sharing options...
lt109 Posted May 2, 2021 Share Posted May 2, 2021 On 01/05/2021 at 16:45, bronxowl said: Not a cat in hells chance he won’t sell, he has to. The alternative is to lose even more money with no end result. Whoever is financing him will pull the plug. It would be interesting to know who it/they are. 2 Link to comment Share on other sites More sharing options...
S36 OWL Posted May 2, 2021 Share Posted May 2, 2021 32 minutes ago, lt109 said: It would be interesting to know who it/they are. I have a long held view that a certain "advisor", who has very close ties to a company formally known as Doyen is at Hillsbro for a reason, and it ain't advising chancer on transfers. 1 Link to comment Share on other sites More sharing options...
lt109 Posted May 2, 2021 Share Posted May 2, 2021 I also have a view that things aren't as we are led to believe but quite what they are I am not sure. 1 Link to comment Share on other sites More sharing options...
mogbad Posted May 2, 2021 Share Posted May 2, 2021 15 minutes ago, S36 OWL said: I have a long held view that a certain "advisor", who has very close ties to a company formally known as Doyen is at Hillsbro for a reason, and it ain't advising chancer on transfers. That's my view too. The appalling level of player recruitment doesn't warrant his continued stay at the club & Steve Bruce said "He was part of the fabric of the club". 2 Link to comment Share on other sites More sharing options...
Jack of Clubs Posted May 2, 2021 Share Posted May 2, 2021 DC may want to sell but any asking price is ridiculous in comparison. For that reason the only way I see DC leaving is due to administration or liquidation. That will be an incredibly messy scenario and could see us easily turn into a Bolton, Portsmouth or even go out of business altogether with the whole Covid cloud still hanging in the air. I have no love for football right now and even less love for Mr Chansiri. 2 Link to comment Share on other sites More sharing options...
Guest LondonOwl313 Posted May 2, 2021 Share Posted May 2, 2021 On 01/05/2021 at 16:32, wembley93 said: A club that is losing £30m plus a year? What if DC decides enough is enough? He can stop putting money in and the club would still owe for. A. The lease on the ground B. Any contracts signed for sponsorship or catering, money owed in salaries or to suppliers for club shop supplies? This can happen. I’ve been there personally If he puts us in to admin then he’s just avoiding paying the debts which are all owed to him. It doesn’t make sense basically because you wouldn’t go insolvent when you owe money to yourself. It’s when you get third parties involved that the problem occurs Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted May 2, 2021 Share Posted May 2, 2021 The club has always been up for sale, just needs a buyer. Anyone interested? Link to comment Share on other sites More sharing options...
Guest LondonOwl313 Posted May 2, 2021 Share Posted May 2, 2021 Just now, El Toro said: DC may want to sell but any asking price is ridiculous in comparison. For that reason the only way I see DC leaving is due to administration or liquidation. That will be an incredibly messy scenario and could see us easily turn into a Bolton, Portsmouth or even go out of business altogether with the whole Covid cloud still hanging in the air. I have no love for football right now and even less love for Mr Chansiri. Yeah but while the situation is all the money is owed to him, his options are 1. Sell the club at a price which a buyer would take it off him. His asking price is irrelevant. 2. Hold on and continue funding losses. 3. Go in to admin and effectively write off all the debts to himself. 3 doesn’t make sense as it’s inferior to 1 in every way, so it comes back to either sell for what a buyer would pay or continue the status quo. At some point the status quo will be too much and he’d be smart to move to option 1. If money starts being borrowed externally then that’s when the problems can occur Link to comment Share on other sites More sharing options...
S36 OWL Posted May 2, 2021 Share Posted May 2, 2021 4 minutes ago, LondonOwl313 said: If he puts us in to admin then he’s just avoiding paying the debts which are all owed to him. It doesn’t make sense basically because you wouldn’t go insolvent when you owe money to yourself. It’s when you get third parties involved that the problem occurs The fact he can't pay the players wages suggests he won't be able to pay external bills either, which then makes admin a very real possibility. Link to comment Share on other sites More sharing options...
Jack of Clubs Posted May 2, 2021 Share Posted May 2, 2021 1 hour ago, LondonOwl313 said: Yeah but while the situation is all the money is owed to him, his options are 1. Sell the club at a price which a buyer would take it off him. His asking price is irrelevant. 2. Hold on and continue funding losses. 3. Go in to admin and effectively write off all the debts to himself. 3 doesn’t make sense as it’s inferior to 1 in every way, so it comes back to either sell for what a buyer would pay or continue the status quo. At some point the status quo will be too much and he’d be smart to move to option 1. If money starts being borrowed externally then that’s when the problems can occur That's what I think personally too. In the meantime it's going to be an incredibly horrible watch for another season or so with DC at the helm. Link to comment Share on other sites More sharing options...
Guest LondonOwl313 Posted May 2, 2021 Share Posted May 2, 2021 Just now, S36 OWL said: The fact he can't pay the players wages suggests he won't be able to pay external bills either, which then makes admin a very real possibility. He is paying them though, so far. Just late Link to comment Share on other sites More sharing options...
S36 OWL Posted May 2, 2021 Share Posted May 2, 2021 2 minutes ago, LondonOwl313 said: He is paying them though, so far. Just late Which says to me he is scrambling around every month borrowing money to pay the wages. If he had any money of his own late payment of wages wouldn't happen. 1 Link to comment Share on other sites More sharing options...
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