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Kieran Maguire on how we're run


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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.

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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 

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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 !

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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"

 

:Chansiri:

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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 by Sticky Micky
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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 

 

 

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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?

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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. 

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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

 

 

 

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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

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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

 

 

 

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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.

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