NoFinChansiri
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Everything posted by NoFinChansiri
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New Statement From Kris Wigfield
NoFinChansiri replied to TZOwl's topic in Sheffield Wednesday Matchday
If only someone could reverse the flow of the river. -
More formal bids expected at SWFC today
NoFinChansiri replied to @owlstalk's topic in Sheffield Wednesday Matchday
If it’s true that one party has had discussions with the council, you’d imagine that they’ve been in contact with the Football League. -
Mike Ashley in coming, along with....
NoFinChansiri replied to RevOwl's topic in Sheffield Wednesday Matchday
Would make a mockery of his Uber Eats adverts. -
I think they’ve got enough to stay up, but they’re very unlikely to go up and rumours suggest that’ll be very significant for them financially.
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BBC piece /admin article
NoFinChansiri replied to wakefieldowl's topic in Sheffield Wednesday Matchday
It is. A skilled operator could also find a way of aligning the interests of the creditors, club and the administrators themselves. For instance, a £10m bonus for getting to the PL in the next 5 years is worthless with an owner of the calibre of Chansiri, but has value with an owner with significant resources, willingness to invest and experience in sport. The best for the creditors suddenly aligns with what is best for the club. -
My comment is getting on for two weeks old so was written at a much different time, you may be right.
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It’s a moot point at the moment as there have been zero formal offers for the club. It seems likely that there will be soon and if all those who prove funds then either make an offer or inform the admins that they won’t then they could close early. Unless that happens though, the best thing for the creditors is to keep the process ongoing.
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Also, if one of the administrators turns up as CEO, working for a company who has just been announced as the preferred/chosen bidders, some may cry foul.
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There’s often rules around recruiting the staff of a company you’re working with, which might make such a move more difficult.
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There’s the cautionary tale of Birmingham though, they tried it and it was a disaster. I doubt that will have gone unnoticed.
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Even if the takeover is not complete by the start of January, it’ll probably be close enough that the prospective new owners be consulted on financial decisions. Which means that if any player leaves, it won’t be for a knockdown price. If Rangers are going to bid for anyone it’s surely Valery anyway.
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Unfortunately, as South Park taught us, Pig and Elephant DNA just won’t splice.
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The current inventory is very likely already paid for, so all money that the club get for it goes straight into the bank. With future stock it needs to be paid for to be sold so will be effectively less profitable for the administrators.
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KW - 4 or 5 Serious Bidders
NoFinChansiri replied to Essix Blue's topic in Sheffield Wednesday Matchday
If he’s bidding against the sort of people who he’ll be looking to sell to, then I think he gets outbid, because the price matters more to him. It matters less if you’ve got a 10-20 year plan if you pay a little more than if you are looking at sale margin. -
KW - 4 or 5 Serious Bidders
NoFinChansiri replied to Essix Blue's topic in Sheffield Wednesday Matchday
He wanted to do a deal the same way that he did with Milan, because if he could do that, it would mean that he wasn’t conned by someone smarter. -
SWFC IN ADMINISTRATION - CONFIRMED
NoFinChansiri replied to Sambo89's topic in Sheffield Wednesday Matchday
It depends on the terms of the original agreement, which aren’t public. It feels like it just should go with the unsecured creditors, but if it was still only payable on promotion to the PL (maybe it is on sale too), perhaps they’ll accept less to have it settled now. -
As much as the amount of revenue that’s gone into the club this weekend is great, significantly more will be needed. If the process takes a couple of months then the club will probably need to bring in £3m-4m over that period, so we’re probably only about 10% of the way there.
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Chansiri is irrelevant. The visible joy at reminders of the existence of his reign being erased will hurt his ego more than however much the administrators return to him. Regardless of what happens with the sale, he’ll remain a rich idiot who isn’t respected by his family. What’s important is who our new owners are and I want the best for the club, if we get that, whatever happens with our former owner does not matter.
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With that in mind, I’d be taking a look at promising youngsters who are going to be released at the end of the season, for January. Obviously, ownership and penalties need to be resolved, but even if we were only offering generous sell-ons, we might be able to better hit the ground running come August.
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Scoreboard DC Removed Video
NoFinChansiri replied to SheffWed's topic in Sheffield Wednesday Matchday
Harkes holding the US flag in that montage. I wonder if it was strategically placed. -
Should a new Owner retain Pedersen OR replace?
NoFinChansiri replied to 1952Owl's topic in Sheffield Wednesday Matchday
We have gaping holes in our staff as it is, we should be looking to build those out before replacing anyone. I think Pedersen as a Head Coach makes a lot of sense (role he’s effectively doing now as we’re not signing anyone). He wants to play a modern brand of football, I think we need a squad to enable that. More importantly though, who he is as a person has been hugely important over the past few months and will continue to be so for some time yet. Regardless of who buys us, the rest of the season will be difficult. I think this season is a write off and Pedersen should not be judged on it. For me, he’s in charge going into next season and that’s when his job really starts. -
There is one hidden criterion though that may apply - the reputation of the admin firm. It would be very good for BT to be known for getting a great deal for the future of SWFC, naturally that cannot be formally part of their decision making process, but it could motivate them to find other reasons.
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SWFC IN ADMINISTRATION - CONFIRMED
NoFinChansiri replied to Sambo89's topic in Sheffield Wednesday Matchday
Good luck explaining that to the neighbours. -
SWFC IN ADMINISTRATION - CONFIRMED
NoFinChansiri replied to Sambo89's topic in Sheffield Wednesday Matchday
That’s fast to get here from Colorado.
