Sheffield Wednesday are bracing for a financial storm following their relegation from the Championship, with mounting debts and an uncertain future ahead.
The Owls' drop to League One has left the club grappling with a £6 million shortfall, exacerbated by parachute payments drying up and reduced commercial revenue. Owner Dejphon Chansiri now faces tough decisions, including potential player sales and cost-cutting measures.
Financial Fallout
Wednesday's accounts reveal:
- £6m operating loss last season
- £24m owed to Chansiri in interest-free loans
- Wage bill exceeding 100% of turnover
Analysts warn the club must act quickly to avoid breaching EFL financial regulations, which could lead to further penalties.
Squad Shake-Up Expected
Manager Darren Moore is likely to lose several key players as the club looks to balance the books. Star striker Josh Windass and captain Barry Bannan are among those attracting interest from Championship sides.
Academy products may get more opportunities next season as Wednesday adopt a more sustainable model.
Fan Frustration Grows
Supporters have expressed anger at Chansiri's leadership, with protests planned for the opening home game. The Sheffield Wednesday Supporters' Trust has called for greater transparency about the club's financial position.
With season ticket sales down 30% from last year, the club faces an uphill battle to stabilise both on and off the pitch.
