BREAKING - Sheffield Wednesday players REJECT Chansiri's attempts to furlough them

[Guest]

1 hour ago, Sham67 said:

We’re going round in circles here.  It’s like swimming in treacle.  

 

We are going round in circles because it seems that most months the news is that the club have not made payments in full on time.

 

Now some of the players have apparently rejected the offer of a furlough from the club, suggesting a lack of trust, unless you think there is another good reason for rejecting it.

 

We are sinking, never mind going round in circles.

[Guest]

1 hour ago, Dan™ said:

 

Not sure on any names, aside from Derby I think was one club where the news leaked out like ours. Back in November there were 10 clubs unlikely to be able to pay their players on time according to inside knowledge presented at a parliamentary committee.

 

Ah, so we are in the same bracket as Derby and some other well run clubs.

 

Nothing to see here then!

 

[Roscoe P. Coltrane]

Some people on here need to take the blinkers off and face facts 

We are literally seeing SWFC going out of business before our eyes FFS...

[Tommy Crawshaw]

The bigger picture is because of the pandemic clubs like other businesses have been hit massively  financially.

 

The Premier League clubs will be able to survive because of the huge income they get from TV rights, but in the EFL clubs are struggling to survive.

 

Even in normal times the business model where the outgoings of clubs, the of which the vast majority is staff wages, being 3 or 4 times their turnover and losing up to £39M over 3 years isn't sustainable.

No other type of business could operate like that.

 

EFL clubs have had virtually no income for the last 16 months. If things aren't back to normal next season i.e. fans being back. I can see some clubs going under.

 

Without financial help from the government and the EFL/PL we could face the real

possibility of leagues 1 and 2 not going ahead.

 

Mr C has screwed things up, particularly  on the football side of things and the points deduction, but nobody can accuse him of not putting his money into the club.

 

Everyone says we should be fine because he's loaded but it's not that simple. Whatever personal wealth he has doesn't belong to the football club, he can't just chuck money into the football club.

 

That's why he's had get m funds in via sponsorship through  companies he set up such as Elev8 and D Taxis and having the family name plastered all over the ground. 

 

Any cash injections by him would have to be in the way of director's loans. These would go down on the balance sheet as debts owed that at some point need paying back.

 

Sheffield Wednesday F.C. Ltd like a lot of football clubs in the EFL is skint, hence having to sell the stadium.

 

 

[SallyCinnamon]

2 minutes ago, Tommy Crawshaw said:

The bigger picture is because of the pandemic clubs like other businesses have been hit massively  financially.

 

The Premier League clubs will be able to survive because of the huge income they get from TV rights, but in the EFL clubs are struggling to survive.

 

Even in normal times the business model where the outgoings of clubs, the of which the vast majority is staff wages, being 3 or 4 times their turnover and losing up to £39M over 3 years isn't sustainable.

No other type of business could operate like that.

 

EFL clubs have had virtually no income for the last 16 months. If things aren't back to normal next season i.e. fans being back. I can see some clubs going under.

 

Without financial help from the government and the EFL/PL we could face the real

possibility of leagues 1 and 2 not going ahead.

 

Mr C has screwed things up, particularly  on the football side of things and the points deduction, but nobody can accuse him of not putting his money into the club.

 

Everyone says we should be fine because he's loaded but it's not that simple. Whatever personal wealth he has doesn't belong to the football club, he can't just chuck money into the football club.

 

That's why he's had get m funds in via sponsorship through  companies he set up such as Elev8 and D Taxis and having the family name plastered all over the ground. 

 

Any cash injections by him would have to be in the way of director's loans. These would go down on the balance sheet as debts owed that at some point need paying back.

 

Sheffield Wednesday F.C. Ltd like a lot of football clubs in the EFL is skint, hence having to sell the stadium.

 

 

Scare mongering nonsense I’m afraid. League One and Two will go ahead just fine next season.

[Guest]

1 hour ago, Tommy Crawshaw said:

The bigger picture is because of the pandemic clubs like other businesses have been hit massively  financially.

 

The Premier League clubs will be able to survive because of the huge income they get from TV rights, but in the EFL clubs are struggling to survive.

 

Even in normal times the business model where the outgoings of clubs, the of which the vast majority is staff wages, being 3 or 4 times their turnover and losing up to £39M over 3 years isn't sustainable.

No other type of business could operate like that.

 

EFL clubs have had virtually no income for the last 16 months. If things aren't back to normal next season i.e. fans being back. I can see some clubs going under.

 

Without financial help from the government and the EFL/PL we could face the real

possibility of leagues 1 and 2 not going ahead.

 

Mr C has screwed things up, particularly  on the football side of things and the points deduction, but nobody can accuse him of not putting his money into the club.

 

Everyone says we should be fine because he's loaded but it's not that simple. Whatever personal wealth he has doesn't belong to the football club, he can't just chuck money into the football club.

 

That's why he's had get m funds in via sponsorship through  companies he set up such as Elev8 and D Taxis and having the family name plastered all over the ground. 

 

Any cash injections by him would have to be in the way of director's loans. These would go down on the balance sheet as debts owed that at some point need paying back.

 

Sheffield Wednesday F.C. Ltd like a lot of football clubs in the EFL is skint, hence having to sell the stadium.

 

 

 

He could loan the company money and then write this off if he so wished. It would have some tax implications but there is nothing stopping him from doing so, if he wanted to out his own money in to prop up the business in this difficult time. 

 

I know he has put plenty of money into the club and he certainly hasn't done this on purpose but we got a 12-point deduction for the financial mismanagement of the club that happened before the pandemic took hold. 

 

He as ultimate decision maker sanctioned moves that saw our wage bill increase to over £40M, that's why we are in this mess. We could have coped with getting through the impact of the pandemic much better had this not been the case.

[Tommy Crawshaw]

22 minutes ago, SallyCinnamon said:

Scare mongering nonsense I’m afraid. League One and Two will go ahead just fine next season.

 

When lockdown happened at the beginning of March last year, Leagues 1 and 2 decided to end their seasons. They couldn't afford to carry on and finish the season. Many clubs furlouged players.

 

They were only able to carry on least season because of the bailout received from the Premier League.

 

If fans aren't back next season, Leagues 1 and 2  will struggle to go ahead without some form of external funding.

[Ronio]

15 minutes ago, Tommy Crawshaw said:

The bigger picture is because of the pandemic clubs like other businesses have been hit massively  financially.

 

The Premier League clubs will be able to survive because of the huge income they get from TV rights, but in the EFL clubs are struggling to survive.

 

Even in normal times the business model where the outgoings of clubs, the of which the vast majority is staff wages, being 3 or 4 times their turnover and losing up to £39M over 3 years isn't sustainable.

No other type of business could operate like that.

 

EFL clubs have had virtually no income for the last 16 months. If things aren't back to normal next season i.e. fans being back. I can see some clubs going under.

 

Without financial help from the government and the EFL/PL we could face the real

possibility of leagues 1 and 2 not going ahead.

 

Mr C has screwed things up, particularly  on the football side of things and the points deduction, but nobody can accuse him of not putting his money into the club.

 

Everyone says we should be fine because he's loaded but it's not that simple. Whatever personal wealth he has doesn't belong to the football club, he can't just chuck money into the football club.

 

That's why he's had get m funds in via sponsorship through  companies he set up such as Elev8 and D Taxis and having the family name plastered all over the ground. 

 

Any cash injections by him would have to be in the way of director's loans. These would go down on the balance sheet as debts owed that at some point need paying back.

 

Sheffield Wednesday F.C. Ltd like a lot of football clubs in the EFL is skint, hence having to sell the stadium.

 

 

Some interesting points there.  

 

Got me think about the long term and potentially where football could be headed in the future.  

 

The sustainability aspect is critical but I think where football is now as a whole has gone beyond that tipping point.  Wages, costs, agent fees and all the rest of it have spiralled out of control.  

 

Football isn't about football anymore but money, and money in every sense of the word. 

 

Take Wednesday as a prime example,  most topics now revolve around money..  players not being paid on time, potential admin/liquidation, fans not being refunded their season ticket money, lack of revenue due to the pandemic, transfer embargo due to late filing of accounts, points deduction due to overspending et cetera 

 

More and more clubs will be entering administration, more clubs disappearing for good.  

 

And maybe when only the big clubs are left standing, they may well get their European super league after all.  

 

 

[Socialist_Owl]

6 minutes ago, Ronio said:

Some interesting points there.  

 

Got me think about the long term and potentially where football could be headed in the future.  

 

The sustainability aspect is critical but I think where football is now as a whole has gone beyond that tipping point.  Wages, costs, agent fees and all the rest of it have spiralled out of control.  

 

Football isn't about football anymore but money, and money in every sense of the word. 

 

Take Wednesday as a prime example,  most topics now revolve around money..  players not being paid on time, potential admin/liquidation, fans not being refunded their season ticket money, lack of revenue due to the pandemic, transfer embargo due to late filing of accounts, points deduction due to overspending et cetera 

 

More and more clubs will be entering administration, more clubs disappearing for good.  

 

And maybe when only the big clubs are left standing, they may well get their European super league after all.  

 

 

Oh please.  Clubs being skint/unsustainable has been going on since at least BSkyB went belly up.

 

Surely before that as well.

Edited May 29, 2021 by Socialist_Owl

[Shez]

17 minutes ago, hirstyboywonder said:

 

He could loan the company money and then write this off if he so wished. It would have some tax implications but there is nothing stopping him from doing so, if he wanted to out his own money in to prop up the business in this difficult time. 

 

I know he has put plenty of money into the club and he certainly hasn't done this on purpose but we got a 12-point deduction for the financial mismanagement of the club that happened before the pandemic took hold. 

 

He as ultimate decision maker sanctioned moves that saw our wage bill increase to over £40M, that's why we are in this mess. We could have coped with getting through the impact of the pandemic much better had this not been the case.

Love it on here...Chansiri out, but before you go give us some money

[Tommy Crawshaw]

9 minutes ago, hirstyboywonder said:

 

He could loan the company money and then write this off if he so wished. It would have some tax implications but there is nothing stopping him from doing so, if he wanted to out his own money in to prop up the business in this difficult time. 

 

I know he has put plenty of money into the club and he certainly hasn't done this on purpose but we got a 12-point deduction for the financial mismanagement of the club that happened before the pandemic took hold. 

 

He as ultimate decision maker sanctioned moves that saw our wage bill increase to over £40M, that's why we are in this mess. We could have coped with getting through the impact of the pandemic much better had this not been the case.

 

Yes he could put in director's loans and ultimately not ask for them to be repaid, so writing them off.

 

I don't think he has a bottomless pit of money to be able to keep doing it long term though.

 

You're right about players wages though, that's what's crippled us ultimately and not just us, other clubs to.

 

Wage bills of £30-£40M when you have income of only £15M is just not sustainable. 

[S1Owl]

and Brentford are 2 leagues above us. 

[Guest]

1 hour ago, Shez said:

Love it on here...Chansiri out, but before you go give us some money

 

No, no. He should happily leave the club ten of millions of pounds in debt having sanctioned the extortionate contracts that it was clear we could not afford and then failed to make any significant player sales to recoup anything, instead allowing overpaid players to run down their contracts and leave for nothing. 

 

Should we thank him for running the club into the ground instead?

[Tommy Crawshaw]

2 minutes ago, S1Owl said:

and Brentford are 2 leagues above us. 

 

Good luck to them and they've done it by regularly selling their best players and running the club responsibly.

 

Swansea might struggle next season though.

No parachute payments, this was their last season with them.

I would think they will have to sell the likes of Ayew.

[Guest]

1 hour ago, Tommy Crawshaw said:

 

Good luck to them and they've done it by regularly selling their best players and running the club responsibly.

 

Swansea might struggle next season though.

No parachute payments, this was their last season with them.

I would think they will have to sell the likes of Ayew.

 

Good luck with that, he's out of contract isn't he?

[kirksandallowl]

2 hours ago, SallyCinnamon said:

I personally didn’t know the players had been furloughed until someone said it on here and The Star reported. That’s news which broke this week.

 

Why did you know this before? 

 

They haven’t 

[Tommy Crawshaw]

Just now, hirstyboywonder said:

 

Good luck with that, he's out of contract isn't he?

 

Yes just noticed he was in his last year.

At least they won't be paying him anymore  PL wages.

[SallyCinnamon]

4 minutes ago, kirksandallowl said:

They haven’t 

Because they rejected it

 

 

[Guest Hornsby]

57 minutes ago, Tommy Crawshaw said:

The bigger picture is because of the pandemic clubs like other businesses have been hit massively  financially.

 

The Premier League clubs will be able to survive because of the huge income they get from TV rights, but in the EFL clubs are struggling to survive.

 

Even in normal times the business model where the outgoings of clubs, the of which the vast majority is staff wages, being 3 or 4 times their turnover and losing up to £39M over 3 years isn't sustainable.

No other type of business could operate like that.

 

EFL clubs have had virtually no income for the last 16 months. If things aren't back to normal next season i.e. fans being back. I can see some clubs going under.

 

Without financial help from the government and the EFL/PL we could face the real

possibility of leagues 1 and 2 not going ahead.

 

Mr C has screwed things up, particularly  on the football side of things and the points deduction, but nobody can accuse him of not putting his money into the club.

 

Everyone says we should be fine because he's loaded but it's not that simple. Whatever personal wealth he has doesn't belong to the football club, he can't just chuck money into the football club.

 

That's why he's had get m funds in via sponsorship through  companies he set up such as Elev8 and D Taxis and having the family name plastered all over the ground. 

 

Any cash injections by him would have to be in the way of director's loans. These would go down on the balance sheet as debts owed that at some point need paying back.

 

Sheffield Wednesday F.C. Ltd like a lot of football clubs in the EFL is skint, hence having to sell the stadium.

 

 

First, he's put sweet FA in, it's all loans.

 

Secondly, he can write these off to facilitate a sale, like Sunderland America owner did   a couple of years back.

 

Third, why would he when can write Owls losses off against Thai tax and now has a £60 million stadium yielding £90 million rent from club? Kerr Ching!

 

It's only fans that suffer in this race to bottom, ie Division 4 and possibly Administration.

 

Any cash with Owls is now at big risk so factor if buying seasons.

 

 

[kirksandallowl]

Just now, SallyCinnamon said:

Because they rejected it

 

 

So they are or aren’t then?