There seems to be a lot of confusion on the SWFC zero point ruling when comparing to the zero points Derby also received.
Both Clubs paid/are paying 25p in the £ to unsecured creditors.
Derby’s owner completely wrote his debt off. The Wednesday owner was made a sizeable offer.
Derby paid 25p in the £ and left the tax man owed £10’s of millions (EFL Insolvency Policy directs 100p - discretion shown). Wednesday are paying off all owed (100p in the £) to HMRC.
I’m struggling to square why some feel Wednesday should get more than Derby got for exiting Administration when the shortfall to creditors is so much less in the case of SWFC?
Furthermore, the shortfall against EFL Insolvency Policy is also much less in the case of SWFC.
The man who wants to rescue Sheffield Wednesday, American businessman David Storch, says he has been “informed that a 15-point penalty is set to be imposed at the start of next season” in League One. The outgoing owner Dejphon Chansiri should hang his head in shame at the damage he has inflicted on Sheffield Wednesday. He can’t have a conscience. Otherwise he’d accept a compromise on bid price.
The EFL should have been tougher with Chansiri quicker. The FA should remember it is supposed to be custodians of the game and protect clubs. The importance of an Independent Football Regulator, much delayed by vested interests, is highlighted again by events at Wednesday.
At the moment, the people being punished at Wednesday are fans, players, staff and the man who wants to save them. Shameful situation engulfing a historic club which could have been avoided with stronger leadership by the authorities. And Chansiri locating some principles. #SWFC
DALTON SMITH, WORLD CHAMPION!!!!!!!!!
Thunder KO's Subriel Matias in the fifth round to win the WBC World Super Lightweight Title! 🔰🙌
#MatiasSmith#AndTheNew
@isthatdavidp Bidding process is expected to see some parties drop out. He’s basically saying what everyone knows but spinning it like he’s got exclusive knowledge. The fella is a cretin.
🦉⚔️ Sheffield Wednesday manager Henrik Pedersen and Sheffield United manager Chris Wilder will be live in the studio together to preview the Steel City Derby.
🗓️ Wednesday 19th November
⌚️ 6-7pm
You’ll be able to watch the show on the @BBCSport website.
#SWFC | #SUFC
@TWFootball1867 Malcolm Ebiowei must be worth a punt? Was very highly rated at one point. Still young and lots of time to grow in the right environment. Not sure what has gone wrong for him.