Generic clubs in financial crisis Thread

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Sutekh
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Re: Generic clubs in financial crisis Thread

by Sutekh » 08 Apr 2025 12:04

Hendo
Mr Angry Sheffield Wednesday going down a road that all sounds very familiar to us.....................

https://www.bbc.co.uk/sport/football/ar ... 4q31yl0lvo

Sheffield Wednesday have failed to pay their players' wages for March due to cashflow problems suffered by owner Dejphon Chansiri.

The club said it was a "temporary issue" due to debts owed to the 56-year-old Thai businessman, whose family control the Thai Union Group, the world's largest producer of canned tuna.

Wednesday are 12th in the Championship - five points outside the play-off places - and face Hull City at home on Saturday.

"Sheffield Wednesday can confirm a temporary issue with the payment of player salaries for the month of March," said a club statement.

"This has occurred as a result of significant sums of money owed to the chairman's businesses which has in turn impacted on the club's immediate cashflow.

"The chairman is working hard to resolve this situation at the earliest possible opportunity and in the meantime thanks everyone for their patience and understanding."

Chansiri headed up a Thai consortium which bought Wednesday from Milan Mandaric in January 2015, but his time in charge of the club has seen a number of financial challenges.

In July 2019, Wednesday sold their Hillsborough stadium to Chansiri for about £60m in ensure they did not breach spending rules.

Then in October 2023, Chansiri asked fans to raise £2m to help the club pay an outstanding debt to HM Revenue and Customs (HMRC) and cover wages.

Last November, the Owls were placed under a registration embargo by the EFL over amounts owed to HMRC.

Chansiri's stewardship of the club has been criticised by fans, who have protested at matches this season, while his relationship with manager Danny Rohl has become strained.


He is a proper loon - at least our owner saves us extra embarrassment by not opening his mouth.


Paid at the 11th hour.

Chansiri impressed by Reading’s season though

and Wednesday fans are worrying as a result

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Winston Biscuit
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Re: Generic clubs in financial crisis Thread

by Winston Biscuit » 19 Apr 2025 18:21

DAZN pulling out of its 5 year contract as broadcaster of Ligue 1, even though it's in the first year. Reportedly leaving various French clubs in the sh*t.

French senator Laurent Lafon told the Financial Times that Ligue de Football Professionnel, which operates the top two tiers of football, was on a “cliff edge” with smaller clubs at risk of going bust because of falling broadcast revenues. Some league executives fear DAZN will not pay up the remaining €140mn it owes for this season.

“It’s going to be a very, very difficult road ahead of the league,” Lafon said. “There are going to be few alternatives for a broadcast deal after DAZN


Heard French football journalist Phillipe Auclair say this week 'there is a judgement day on the way for French football, and its not going to be pretty'

Sutekh
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Re: Generic clubs in financial crisis Thread

by Sutekh » 20 Apr 2025 07:48

Winston Biscuit DAZN pulling out of its 5 year contract as broadcaster of Ligue 1, even though it's in the first year. Reportedly leaving various French clubs in the sh*t.

French senator Laurent Lafon told the Financial Times that Ligue de Football Professionnel, which operates the top two tiers of football, was on a “cliff edge” with smaller clubs at risk of going bust because of falling broadcast revenues. Some league executives fear DAZN will not pay up the remaining €140mn it owes for this season.

“It’s going to be a very, very difficult road ahead of the league,” Lafon said. “There are going to be few alternatives for a broadcast deal after DAZN


Heard French football journalist Phillipe Auclair say this week 'there is a judgement day on the way for French football, and its not going to be pretty'




Ligue 1 supposedly the 5th biggest in terms of club revenue but take away PSG and where does that put it? :lol:

Sutekh
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Re: Generic clubs in financial crisis Thread

by Sutekh » 21 Apr 2025 06:01

Oxford presumably with problems now. Currently embargoed for breaching

Regulation 16.11 Interim Accounts & Regulation 16.16 Future Financial Information

Mr Angry
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Re: Generic clubs in financial crisis Thread

by Mr Angry » 22 Apr 2025 17:43

Sutekh Oxford presumably with problems now. Currently embargoed for breaching

Regulation 16.11 Interim Accounts & Regulation 16.16 Future Financial Information


On the local TV their Chairman is a regular banging on about their proposed new 16,000 seater stadium, and the impact it will have in making Oxford a long term Championship side with the ambition to play regularly in the Premier League........ :roll:


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