Viking Supporters Co-operative

Viking Chat => Viking Chat => Topic started by: topnotch_Donny on May 08, 2010, 09:04:23 pm

Title: Sheff Wednesday net debt...circa £ 30-35 million.
Post by: topnotch_Donny on May 08, 2010, 09:04:23 pm

I think they will go into admin next season. (link)

http://news.bbc.co.uk/sport1/hi/football/teams/s/sheff_wed/8655997.stm

PS I was shocked. I honestly thought their debt was less than £15 million :blink:

Title: Re:Sheff Wednesday net debt...circa £ 30-35 million.
Post by: Mark DRFC on May 08, 2010, 09:34:58 pm

tbh i dont think they will ever go into admin when the current board is there. if they were going to they would have done it well before now.
plus as long as dave alan has any money left in the club he wont let them because he wants it all back.

Title: Re:Sheff Wednesday net debt...circa £ 30-35 million.
Post by: topnotch_Donny on May 08, 2010, 10:55:07 pm

Mark DRFC wrote:

Quote

tbh i dont think they will ever go into admin when the current board is there. if they were going to they would have done it well before now.
plus as long as dave alan has any money left in the club he wont let them because he wants it all back.

Ah, good point, I forgot about the old crow, Dave Allen (sp)

Lee strafford (sp) was on the radio the other day, and he made it clear that DA can't attempt to get his money back unless a criteria was met.

I cant remember the exact criteria, but DA wont be getting his money back any time soon  :laugh:

Title: Re:Sheff Wednesday net debt...circa £ 30-35 million.
Post by: RoversDave on May 09, 2010, 08:11:31 am

Sure I read somewhere that they owe the Co-op Bank about 2/3rds of that. and they are prepared to write a big chunk of it off to allow the \"American Investors\" to come in.