Guest Grandad Posted June 6, 2021 Share Posted June 6, 2021 16 minutes ago, Royal_D said: If all this is true we’re trading insolvently, which means Administration End of "Insolently" Link to comment Share on other sites More sharing options...
Brommers Posted June 6, 2021 Share Posted June 6, 2021 2 minutes ago, WalthamOwl said: That if true is absolutely disgraceful. Imo just another step closer to administration. Where the hell is he going to find 12 million from! Chansiri just sod off now. From our friends 1 Link to comment Share on other sites More sharing options...
S36 OWL Posted June 6, 2021 Share Posted June 6, 2021 All it will take is just one of the out of contract players who won't be here next season to put a claim in, and the whole pack of cards will collapse. 5 Link to comment Share on other sites More sharing options...
WalthamOwl Posted June 6, 2021 Share Posted June 6, 2021 What an embarrassing club Chansiri has turned us in to. No way does he turn things around here, to much has happened and we are in way to much crap financially. Massive rebuild needed and we aren’t going to sign anyone of a decent standard, why the hell would they join us? Probably the least of our problems though I reckon. 6 Link to comment Share on other sites More sharing options...
SiJ Posted June 6, 2021 Share Posted June 6, 2021 1 minute ago, S36 OWL said: All it will take is just one of the out of contract players who won't be here next season to put a claim in, and the whole pack of cards will collapse. Unfortunately, the whole pack of cards might collapse and no one will be there to put it back up again. 1 Link to comment Share on other sites More sharing options...
fudge27 Posted June 6, 2021 Share Posted June 6, 2021 Is appaliing when administration is the best option, in the hope we get rid of the clown running the show. I'd rather take admin now and bite the bullet then circle the drain for another 4 seasons 1 Link to comment Share on other sites More sharing options...
Animis Posted June 6, 2021 Share Posted June 6, 2021 I think after adjustments, DC is currently funding around £10 debt per annum. This was the around the same amount that MM was trying to manage in the last two years of his reign. You need deep pockets or a proper strategy - player turnover at a profit would be a start. DC has never looked like having a sustainable profit hence why we are here - in the deep mid-season with little optimism of success in L1. Unless DC is quietly trying to raise finance to kick on, it's looking like he can't carry this on - certainly not on top of the £100m he's already ploughed in. The players will have to make a decision on their future over the next two week IMO. I'm sure they are speaking to the PFA and their lawyers. What a mess. 1 Link to comment Share on other sites More sharing options...
SiJ Posted June 6, 2021 Share Posted June 6, 2021 It's f*cked. Even if he scrapes together the outstanding cash, then what? Completely and utterly f*cked. 3 Link to comment Share on other sites More sharing options...
Ray Von shabba Posted June 6, 2021 Share Posted June 6, 2021 29 minutes ago, Jim said: Another points deduction would be the last straw for many and understandably so? This............ Link to comment Share on other sites More sharing options...
SouthsideOwl3940 Posted June 6, 2021 Share Posted June 6, 2021 3 minutes ago, Grandad said: "Insolently" I reckon his insolvency was suffering from disolvency Link to comment Share on other sites More sharing options...
83owl Posted June 6, 2021 Share Posted June 6, 2021 Monk out 3 Link to comment Share on other sites More sharing options...
hasthagotanycheese Posted June 6, 2021 Share Posted June 6, 2021 It looks like the worst case scenario is going to come to pass. The trust and any supporters groups need to start getting their ducks lined up in order to quickly salvage whats recoverable once Chancer is gone. Its going to be a decade to undo the mess that he has created. 2 Link to comment Share on other sites More sharing options...
SwellOwl Posted June 6, 2021 Share Posted June 6, 2021 Beyond a joke now, embarrassing. Link to comment Share on other sites More sharing options...
Animis Posted June 6, 2021 Share Posted June 6, 2021 1 minute ago, SiJ said: It's f*cked. Even if he scrapes together the outstanding cash, then what? Completely and utterly f*cked. This is the key - even if he pays them the outstanding wages - has he got the will or cash to do it throughout next season. Link to comment Share on other sites More sharing options...
BIGRUSS Posted June 6, 2021 Share Posted June 6, 2021 13 minutes ago, yeadonowl said: Where is 19m reported? Just checked the accounts up to 31st July 2019 and the wage bill was 32m That’s right, David Jones was on £13m a year wasn’t he? 1 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted June 6, 2021 Share Posted June 6, 2021 Not that I'm doubting the story or anything but how can we possibly owe the players approximately 50% or more of the entire year's wage budget for two months underpaid wages? Think the story is stretching the truth somewhat 4 1 Link to comment Share on other sites More sharing options...
Mid Wicket Posted June 6, 2021 Share Posted June 6, 2021 I can't think what to say about this situation any more. I keep waking up every day hoping Chansiri has gone and we can start working our way out of this mess, but now it looks like the club will be gone Link to comment Share on other sites More sharing options...
StudentOwl Posted June 6, 2021 Share Posted June 6, 2021 Game over I'm afraid Wednesday FC should have been planned months ago 8 Link to comment Share on other sites More sharing options...
asteener1867 Posted June 6, 2021 Share Posted June 6, 2021 I think the silence from The Chairman answers most of the questions We are going into Admin Any prospective buyers will be waiting for the price to hit rock bottom.....just like we are with grandads minis... 3 Link to comment Share on other sites More sharing options...
SiJ Posted June 6, 2021 Share Posted June 6, 2021 1 minute ago, StudentOwl said: Game over I'm afraid Wednesday FC should have been planned months ago Call it a hunch, but I think most people were hoping to still watch Sheffield Wednesday. 1 Link to comment Share on other sites More sharing options...
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