What has happened, why has it happened and what happens now – and could a regulator have prevented this?
The owner of Sheffield Wednesday, Dejphon Chansiri, has placed the club into administration. He has done the same with the company that owns Hillsborough, Wednesday’s stadium. As a result, administrators have taken over the day-to-day running of one of England’s historic clubs, with a view to stabilising financial performance and, ultimately, finding a new owner. Going into administration is a measure of last resort for any struggling business and carries sanctions in English football. Sheffield Wednesday have been docked 12 points by the EFL, leaving them adrift at the bottom of the Championship on -6 points, 13 behind Blackburn Rovers, the next side in the table.
Continue reading…What has happened, why has it happened and what happens now – and could a regulator have prevented this?The owner of Sheffield Wednesday, Dejphon Chansiri, has placed the club into administration. He has done the same with the company that owns Hillsborough, Wednesday’s stadium. As a result, administrators have taken over the day-to-day running of one of England’s historic clubs, with a view to stabilising financial performance and, ultimately, finding a new owner. Going into administration is a measure of last resort for any struggling business and carries sanctions in English football. Sheffield Wednesday have been docked 12 points by the EFL, leaving them adrift at the bottom of the Championship on -6 points, 13 behind Blackburn Rovers, the next side in the table. Continue reading…
