EFL Meeting

53 minutes ago, gypsyowl said:

 

I often thought this, but couldn't the trust take control of the club if needed

 

I know they couldn't inject money themselves but there would be ways of generating income and fans could pay a monthly subscription of different tiers depending on what you can afford and all have a say on the important things. Surely our fan base with the Sky money and match income we could at least keep the club running and pay players and staff until it can be sold to someone actually capable of taking us forward.

I agree we could but you only have to look on this site to see what a disaster that would be with infighting rather than backing the 1 voice whose actually making a difference.

54 minutes ago, gypsyowl said:

often thought this, but couldn't the trust take control of the club if needed

Yeah maybe.

But what if Chansiri's done a runner and the club is owing £1m ish to HMRC?

And remember the ground is still owned by the baztard.

Loads of legalities to sort.

11 hours ago, trumbullowl said:

What are the EFL on about when they asked the Trust if they are prepared for an insolvency event? What can the Trust actually do?

The EFL are clearly worried that HMRC may issue a Winding Up Petition (WUP) that could lead to a winding-up order by the High Court and the start of liquidation proceedings. A creditor or DC himself could put the club into administration, which offers temporary protection from the WUP and allows an administrator to run the club and seek a buyer. If no suitable (i.e. acceptable to the EFL) bidders come forward a fan-led rescue bid might be the only option before the administrator moves to wind up the club. The rescue bid might consist of money raised from the fans by the Trust, possibly supplemented by money from High Net Worth individuals. It's an unenviable option but there are precedents:

• Portsmouth Supporters’ Trust (successful)
• Exeter City (still fan-owned)
• AFC Wimbledon (phoenix after liquidation of Wimbledon FC)
• Dunfermline Athletic (fan-led bailout in administration)
• Hearts (fan-led takeover post-administration)

11 hours ago, prowl said:

Who knows. We've never been in that situation before. The EFL can scrap those results or award 3 points for all the games we don't  play. 

Do you want to get chucked out of the league to find out?

In the very recent meeting between the trust and EFL. The EFL did say that is the sanctions they could/would apply if fans got matches abandoned. Go read it, it's  one of the last things discussed.

Don't  doubt they are serious, the integrity of their league is their ultimate responsibility.

Usually all points goals scored results just wiped off like the club never existed? That was a cup of Sunday league clubs and one Saturday side ( years ago ) this is on another level tho so no idea if / what would happen? We are now sailing very close to the edge don’t think many understand how close 

Sounds to me like one of the regulators jobs should be to take a close look at the EFL  They are full of rules, regulations, sanctions and fines that damage football clubs and fans but leave rogue owners who hide behind lawyers Scot free.

It may well be that there is a lot of demand for the club at administrator prices. People who were looking to pay £40m would certainly pay off the football debts and HMRC. Less than £10m I would guess. They then have £30m to spend on sorting the infrastructure out and trying to get the EFL to cut back on the transfer bans. Realistically they wouldn't even have to pay off the debts as the administration could pay say 5p in the £ or whatever to clear them. It's still a competetive process though so the club still goes to the highest bidder who can take the club forward.

DC would look a right mug. He'd just be left with the ground having turned down offers of £40m. Maybe the new owners would ground share for a bit to put the squeeze on DC until he sells as there might not be much he can do with the ground unless it's as a football ground. 

23 minutes ago, prowl said:

It may well be that there is a lot of demand for the club at administrator prices. People who were looking to pay £40m would certainly pay off the football debts and HMRC. Less than £10m I would guess. They then have £30m to spend on sorting the infrastructure out and trying to get the EFL to cut back on the transfer bans. Realistically they wouldn't even have to pay off the debts as the administration could pay say 5p in the £ or whatever to clear them. It's still a competetive process though so the club still goes to the highest bidder who can take the club forward.

 

DC would look a right mug. He'd just be left with the ground having turned down offers of £40m. Maybe the new owners would ground share for a bit to put the squeeze on DC until he sells as there might not be much he can do with the ground unless it's as a football ground. 

I believe the lease to rent Hillsborough would likely still remain, meaning DC get's his £2m or so every year

9 minutes ago, bigrbuk said:

 

I believe the lease to rent Hillsborough would likely still remain, meaning DC get's his £2m or so every year

If you're the landlord you're responsible for the upkeep and maintenance so I doubt he could afford that.

I can’t see anyone buying the club until gone Feb when relegation is confirmed 

21 hours ago, wellbeaten-the-owl said:

Did you not read the bit about kicking us out of the league if we did that 

Maybe it's time to call their bluff on it or add them to the list of organisations who should be embarrassed and ashamed by what's going on here.

For every second that Dejphon Chansiri owns Sheffield Wednesday Football Club, Sheffield Wednesday Football Club is functionally dead. There is no recovery or turnaround here. If the current status quo of his ownership and current EFL sanctions hold, we will be playing League Two football with a kids team before we're even able to sign a senior player. And where from there? Suddenly roaring back up the leagues, are we? Not a prayer.

Time to make the whole ordeal an absolute farce for everyone involved. If the EFL want to throw us out, let them deal with the spotlight and the consequences of it. Save us some time on our descent to non-league and leave Chansiri with f*ck all. That's all happening anyway, but at least by being disruptive it happens on our terms rather than just watching it slowly unfold for the next half a decade of our lives, at the whims of that pr*ck. 

23 minutes ago, bigrbuk said:

 

I believe the lease to rent Hillsborough would likely still remain, meaning DC get's his £2m or so every year

I think that is a distinct possibility but if DC tries to recover some of his lost money by pushing the rent up a lot there is the option of going elsewhere.

37 minutes ago, Paul.. said:

 

If you're the landlord you're responsible for the upkeep and maintenance so I doubt he could afford that.

That's not always true for business.

Private housing landlord yes.

2 hours ago, Blatter said:

Sounds to me like one of the regulators jobs should be to take a close look at the EFL  They are full of rules, regulations, sanctions and fines that damage football clubs and fans but leave rogue owners who hide behind lawyers Scot free.

Not really Scot free when the club he owns that was worth millions is now worth zero£. 

18 hours ago, Lawrie’s Left Peg said:

Agree  

 

But to be clear, I can still 

 

A - Go to every away game

B - Go to every home game cos I renewed my ST when nobody knew DC was a wrong un

C - Go to every cup game as long as it’s the first, last, 12th, 100th or 428th game either me or any other family member has attended

D - POTD if it’s my kids, step-kids, foster kids. Jodie Kidds or Billy the Kids christening, birthday, communion, Bar Mitzvah or gender reveal. 

E- Go to every game if it’s good for my physical, mental, emotional, social, spiritual, intellectual, financial, environmental or sexual health

F -Buy a snack if I’m alcoholic, chocoholic, foodaholic, shopaholic, workaholic , photoholic or diabetic

G - Go to games to support the lads

H - Go t’game wi mi mates

H - Go to the game to get points

I - Go to the game to name , shame, blame and frame everyone else

 

 

Right? 

Magnificent 

This international break has dragged on. Not helped by complete radio silence from the club. They really do treat us fans as utter pieces of shyte don't they?