Which club is in the biggest mess? Owls or Us

Bear in mind wednesday are chasing promotion and in the Championship but have chansiri.
Or
Us who have no money, no ambition and owners who don't seem interested

 

Have a day off.

 

If they weren't at all interested they wouldn't keep pumping millions in mate.

 

Certainly

Certainly not into transfer day deals as our rivals are

 

Zzzzzzzzzz

 

I voted Wensdeh cos they play in blue and white stripes which always looks messy to me.

 

Definitely us!!!

Sorry, like........

 

Boo. What are we booing for now?
Never mind, boooo

 

On the field Wednesday are a championship side in the top half of the table. We are a league below with a similar position in the league.

Financially Wedensday, like us, are losing money. They lose around £10m per year compared to our £4m loss. They owe around £100m and don’t own their ground, We owe £3m and don’t own our ground. Our rental cost is £100k a year theirs is £2.6m a year.

They have Chansiri we have Neerav. Neither are role models on how to run a football club.

 

What are they exactly pumping millions into? It’s certainly not signings our wage bill has been cut back massively over the last couple of transfer windows. So where is all this money going?

 

I'd rather be Wednesday right now.

 

Go on then - what would you say our wage bill is?

 

Who do you think owns the Sty. ?

 

I don’t think, it’s public record, Dejphon Chansiri.

 

£4m? I thought we were losing £8m a year

 

The last filed accounts over the three years show losses of:

20/21 operating loss £4.8m overall loss £4.3m
21/22 £6.8m, £7.0m
22/23 £5.9m, £4.0m

The difference between operating loss and overall loss is the impact of player trading. You can see from above that in 20/21 and 22/23 the club made profit of £0.5m and £1.9m respectively from player trading and a small loss in 21/22.

The £8m referenced by Flatman is probably an update of the operating loss for 23/24 before player trading. The directors will know these figures but these will only become public around end March.

The figures for 23/24 will have a big player trading offset as the club had a number of significant transfer fees received. I would anticipate that the operating loss is largely offset by these transfer profits.

The issue going forward is that there’s not an obvious profit stream from sales whilst operating losses mount up.

 

Just pointing out you said they don't own their ground. Chansiri owns both club and stadium. Our directors don't. ?
How would you read it. was it a mistake. Or misunderstanding on my part.

"Financially Wedensday, like us, are losing money. They lose around £10m per year compared to our £4m loss. They owe around £100m and don’t own their ground."

He's a conman. And fleeces wendies with his crazy pricing and demands from the fans.

• The purchase was controversial because an investigation found that the money from the sale should not have been included in the club's accounts.
• As a result, Sheffield Wednesday was hit with a six-point penalty and relegated to League One the following season.

 

Neither club own the grounds they play at. Both rent, one from the council the other from a Company with common Directors. That does not mean that the club owns the ground, they are distinct separate entities.

Chansiri has put over £150m in to Wednesday, if he’s a conman he’s not very good at it. The sale and lease back of the ground was him using (along with other chairmen at the time) a loophole in FFP to circumvent a penalty. Unfortunately he made a mess of it by not undertaking the transaction within the required dates.

 

Chasing promotion?

I've stopped reading.