Sheffield Wednesday is facing a winding up order for the third time in three months. They have to appear in court on November 17th over a tax debt. The club has debts of over £20m and estimates that it has lost 20 per cent of its revenue as a result of relegation to League 1.
Sheffield Wednesday is facing a winding up order for the third time in three months. They have to appear in court on November 17th over a tax debt. The club has debts of over £20m and estimates that it has lost 20 per cent of its revenue as a result of relegation to League 1.
During the last crisis the Cooperative Bank bailed them out, but appears to be no longer willing to do so. However, a fans’ forum was told by chief executive Nick Parker last night that new investment is in the offing. He claimed that an overseas oil company have offered £600,000 to pay off some of the club’s current debt, but would not say whether the consortium was led by former goalkeeper and manager Chris Turner who recently resigned as Hartlepool boss.
There was a frank exchange of views between Parker, chairman Howard Wilkinson and fans outside Hillsborough after last Saturday’s defet by Southampton. Wilkinson stated: ‘If Nick and I walk away, and quite honestly, both of us have a lot of reasons to walk away, the club would be in receivership next week.’