Wednesday last roll of the financial dice

Discussion in 'Bulletin Board' started by Durkar Red, May 21, 2019.

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  1. Durkar Red

    Durkar Red Well-Known Member

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    Durkar Red, May 21, 2019
    #1
  2. Kettlewell

    Kettlewell Well-Known Member

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    Kettlewell, May 21, 2019
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  3. Pon

    PontyEndRed Well-Known Member

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    There's a Wednesday fan at work that bangs on about how clever of a man Chansiri is, numerous false companies set up and owned by him so he can pump more money into the club. A big one at Wednesday is apparently D Taxis, sponsors all over for that company even Wednesday fans haven't used the taxi firm..

    Hopefully the EFL take this matter seriously, but I can see it been brushed away to be honest.
     
    PontyEndRed, May 21, 2019
    #3
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  4. dreamboy3000

    dreamboy3000 Well-Known Member

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    So clubs want to play in a ground they don't technically own. So a bit like us then.
     
    dreamboy3000, May 21, 2019
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  5. Vesp77

    Vesp77 Well-Known Member

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    I thought that too. We're quick to slag them off for exploiting a loophole, but we still don't own our own patch cos we did almost the same thing...
     
    Vesp77, May 21, 2019
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  6. Gordon Owen

    Gordon Owen Well-Known Member

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    We're just buying ours back.
     
    Gordon Owen, May 21, 2019
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  7. Vesp77

    Vesp77 Well-Known Member

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    Are we? I thought "options were being explored"? Nothing concrete has been mentioned...unless I've missed it.
     
    Vesp77, May 21, 2019
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  8. stairfoot.red

    stairfoot.red Well-Known Member

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    Apart from the fact the club never got £80 million for Oakwell so they could cook the books when the Council and Cryne family acquired it. The clubs named are doing it to get round the rules BFC stick to.
     
    stairfoot.red, May 21, 2019
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  9. Vesp77

    Vesp77 Well-Known Member

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    How is it different? They needed money, we needed money. They sold it to (most likely) a shell company owned by their owner, we sold it to the council.

    In my eyes, the amounts and purchasers involved are irrelevant as the outcome is the same.

    Maybe I'm looking at it in overly simplistic terms?
     
    Vesp77, May 21, 2019
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  10. Gordon Owen

    Gordon Owen Well-Known Member

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    From t'Chron.

    Conway said that a new chief executive would be appointed ‘in the next couple of months’ and added that a deal to buy the council’s half of Oakwell and the surrounding land was ‘in process’ but could not put a timeframe on it.
     
    Gordon Owen, May 21, 2019
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  11. Che

    Chef Tyke Well-Known Member

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    Chef Tyke, May 21, 2019
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  12. Gordon Owen

    Gordon Owen Well-Known Member

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    They turn up for a match on a Saturday and the landlords changed the locks...
     
    Gordon Owen, May 21, 2019
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  13. Redhelen

    Redhelen Well-Known Member

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    A bit different having it owned by the council rather than the owners selling it to themselves.
     
    Redhelen, May 21, 2019
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  14. pompey_red

    pompey_red Well-Known Member

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    I doubt it. The same owners still own the ground

    Edit: unless he falls out with himself of course
     
    pompey_red, May 21, 2019
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  15. anstonred

    anstonred Well-Known Member

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    The Stars article says it all - it is not illegal but a loophole that is being “exploited” - the EFL should close this questionable loophole. I predict it will end in tears for Wednesday, Derby &/or Villa & everyone will feel sorry for a club with such “history” - actually, I won’t!
     
    anstonred, May 21, 2019
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  16. Tyk

    Tyketical Masterstroke Well-Known Member

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    I don’t see how it’s any different from what Patrick Cryne did? The stadium was split from the trading football club and divorced from the entity. The owners of the football ground, who, very much like Chansiri, happened to also be the owners of the football club, then rent it back to the football club entity. It could not be any more identical an arrangement.

    The difference being apparently when we did it it ‘safeguarded the club’ whereas with Wednesday it’s a ‘last throw of the dice’. Right oh.
     
    Tyketical Masterstroke, May 21, 2019
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  17. Vesp77

    Vesp77 Well-Known Member

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    Not really that different, neither way the club owns it...
     
    Vesp77, May 21, 2019
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  18. Gordon Owen

    Gordon Owen Well-Known Member

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    It’s possible, he’s a nutter that’s getting no more pocket money off his daddy.
     
    Gordon Owen, May 21, 2019
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  19. Durkar Red

    Durkar Red Well-Known Member

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    Cryne family are joint owners of the ground and club so technic
    Except Cryne didn’t do it Doyle did to raise the money to pay off the debt , Barnsley Council only came into the deal when Cryne took it over in order for a Wednesday type situation to not be possible and the Council gaining some control on future development of the site . Obviously times are different now and there’s a chance the Councils half of the ground company could be sold to the Cryne family or BFC’s other investors
     
    Durkar Red, May 21, 2019
    #19
  20. phi

    philtyke72 Active Member

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    Was a last minute thing to save Barnsley FC council saw football club was a flagship for the Town are joint owners and uses facilities for meetings.
    Council would like to sell there half .
    Patrick Cryne paid rent to himself and was taxed on it at a genourous rate as are the Cryne family or owners
    Only gainers at this moment seem to be the tax people.
     
    philtyke72, May 22, 2019
    #20
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