SolihullOwl79 Posted July 13, 2021 Share Posted July 13, 2021 https://thisisfutbol.com/2021/07/blogs/championship/sheffield-wednesday/sheffield-wednesday-kieran-maguire-reveals-the-perfectly-legal-way-sheffield-wednesday-is-run/ In the latest episode of The Price of Football podcast, Kieran Maguire has explained how Sheffield Wednesday is run financially and how the owner is constantly getting money from the club. Fears of a points deduction for the second season running have been slightly alleviated for now at Sheffield Wednesday with the EFL hitting the Owls with a suspended points deduction instead of an actual deduction, like last season. This will come as huge news for Darren Moore who will want to start on a level playing field against the 23 other teams in League One if his side are to push for promotion next season. Moore is already on the back foot at Hillsborough with the club releasing 11 players following their relegation to England’s third tier and having only made two additions so far this summer, business has been slow, to say the least. When talking about how Dejphon Chansiri is constantly getting money from the club, Maguire had the following to say: (54:46) “They sold the ground to a company called Sheffield 3 or Sheffield 4 Limited that didn’t actually pay any cash for the ground, it’s paying in installments and at the same time the club is repaying a loan to the owner. “So, it appears that the money from Sheffield 3 is then used to pay the owner back an installment of his money and the owner just so happens to own Sheffield 3. “So we’ve got this sort of washing machine cycle of money flowing around, perfectly legal.” It might be concerning for Sheffield Wednesday fans to know that the owner is just repaying himself back whenever the club receives installment money from when their stadium was sold. With Chansiri doing this every time an instalment comes into the club, there is no real surprise to hear how the Owls have struggled to pay their players on time this year. Link to comment Share on other sites More sharing options...
Guest mrbluesky Posted July 13, 2021 Share Posted July 13, 2021 YES!! NO!!! YOU VOTE!!! YES!!!! Link to comment Share on other sites More sharing options...
Plonk Posted July 13, 2021 Share Posted July 13, 2021 Thanks Kieran, but we knew that. What’s the problem, it’s legal. He basically writes off £60 million of the money he wasted by paying himself £3 m a year and giving it back to the club. Seems the EFL have realised it’s a stupid rule / loophole so have now closed it 7 Link to comment Share on other sites More sharing options...
trumbullowl Posted July 13, 2021 Share Posted July 13, 2021 I don't understand. Is it just me? Link to comment Share on other sites More sharing options...
Grassy knoll Posted July 13, 2021 Share Posted July 13, 2021 2 minutes ago, trumbullowl said: I don't understand. Is it just me? No mate, most fans just pretend they know what they’re on about 3 6 Link to comment Share on other sites More sharing options...
Shetland Owl Posted July 13, 2021 Share Posted July 13, 2021 just keeping our heads above water Link to comment Share on other sites More sharing options...
asteener1867 Posted July 13, 2021 Share Posted July 13, 2021 9 minutes ago, trumbullowl said: I don't understand. Is it just me? Not at all mate...Its thousands of us.... Link to comment Share on other sites More sharing options...
Kew Owl Posted July 13, 2021 Share Posted July 13, 2021 1 minute ago, asteener1867 said: Not at all mate...Its thousands of us.... I sometimes think we might be better off not understanding it - you can’t worry about what you don’t fully know about ! Link to comment Share on other sites More sharing options...
Popular Post elyowl1 Posted July 13, 2021 Popular Post Share Posted July 13, 2021 He pays 3 million to club for the ground, club pays him 3 million back on a loan. No money has gone anywhere in effect, like putting it into your savings account one day and sending it back to your current account the next. Simple analogy. 9 1 Link to comment Share on other sites More sharing options...
bobness Posted July 13, 2021 Share Posted July 13, 2021 26 minutes ago, trumbullowl said: I don't understand. Is it just me? 16 minutes ago, asteener1867 said: Not at all mate...Its thousands of us.... "can confirm" 3 Link to comment Share on other sites More sharing options...
hasthagotanycheese Posted July 13, 2021 Share Posted July 13, 2021 He wont be getting any of it from me. 1 Link to comment Share on other sites More sharing options...
Guest Posted July 13, 2021 Share Posted July 13, 2021 (edited) I like that fact that Chansiri saw a loophole and exploited it Other clubs moaning,f#ck um Gibson wasn't complaining when he was getting failure payments or we was giving him 10 million for Reach and Rhodes He's just annoyed he didn't think of it What annoys me is that Chansiri didn't meet the deadline I mean If your going to exploit 'cheat' at least do it right ffs Edited July 13, 2021 by Sticky Micky Link to comment Share on other sites More sharing options...
@owlstalk Posted July 13, 2021 Share Posted July 13, 2021 2 minutes ago, Sticky Micky said: I like that fact that Chansiri saw a loophole and exploited it Aye Getting relegated - what's not to like 3 Owlstalk Shop Link to comment Share on other sites More sharing options...
Guest Posted July 13, 2021 Share Posted July 13, 2021 Just now, @owlstalk said: Aye Getting relegated - what's not to like As I stated with the bit you've choose to ignore (classic neil) He was punished for not confirming the sale before deadline ,not selling the stadium 2 Link to comment Share on other sites More sharing options...
Harrysgame Posted July 13, 2021 Share Posted July 13, 2021 Don't think Kevin likes us. Maybe because he keeps prophesising our extinction and we keep clinging on...just think he wants a told you so moment. We know we're run badly, but why is he so bothered? Link to comment Share on other sites More sharing options...
northeastowl Posted July 13, 2021 Share Posted July 13, 2021 3 minutes ago, Harrysgame said: Don't think Kevin likes us. Maybe because he keeps prophesising our extinction and we keep clinging on...just think he wants a told you so moment. We know we're run badly, but why is he so bothered? Probably because it’s his job to talk about it. He gets paid to talk about finance in football and unfortunately we are up there with the worst run clubs in the UK, hence he has to talk about us a lot. 3 1 Link to comment Share on other sites More sharing options...
@owlstalk Posted July 13, 2021 Share Posted July 13, 2021 5 minutes ago, Harrysgame said: Don't think Kevin likes us. Maybe because he keeps prophesising our extinction and we keep clinging on...just think he wants a told you so moment. We know we're run badly, but why is he so bothered? Oh is this there we start bashing the pundit and getting all paranoid and that? How exciting Owlstalk Shop Link to comment Share on other sites More sharing options...
Ian Posted July 13, 2021 Share Posted July 13, 2021 How feckin lazy journalism is that..."Sheffield 3.....or is it 4".......how about finding out before going to press What next....."Sheffield Wednesday (I think) have just signed Atdhe Nuhiu.....or Lionel Messi....one of em anyway 3 Link to comment Share on other sites More sharing options...
@owlstalk Posted July 13, 2021 Share Posted July 13, 2021 1 minute ago, Ian said: How feckin lazy journalism is that..."Sheffield 3.....or is it 4".......how about finding out before going to press What next....."Sheffield Wednesday (I think) have just signed Atdhe Nuhiu.....or Lionel Messi....one of em anyway It's not 'journalism' and doesn't put itself forward as journalism Owlstalk Shop Link to comment Share on other sites More sharing options...
Ian Posted July 13, 2021 Share Posted July 13, 2021 5 minutes ago, @owlstalk said: It's not 'journalism' and doesn't put itself forward as journalism Sometimes your desire to defend journalists completely ignores the facts It's the simplest of questions with the hardest of answers - and so began Price of Football in 2011. In the five years since, it has grown to become an annual fixture in British sports journalism and the biggest study of football prices in European football (probably, the world.) It's something we're immensely proud of on the BBC Sport website. 3 Link to comment Share on other sites More sharing options...
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