I doubt he's ****ed, he's probably used Wednesday to dump all and any the debt into. It's likely a two finger salute to the club. I'm guessing this is all calculated. It's the fans that suffer not the owners.
Wednesday have been mangled since they got relegated from the Prem in 2000, it's only been horrible for them since then.
Place feels like a graveyard to me, should have moved from there decades ago, with a memorial left in it's place.
In terms of getting any money himself was what I was meaning ... which he would have done if he'd sold the club ...
Yeah I get what you mean mate, but maybe the debt over-rides the value, especially realising the club need too much redevelopment or complete rebuild, I read he paid £37.5M for the club, just a guess but would he have moved assets into names that the administrator can't touch. I know with Priestfield we always safe guarded the ground from administrators, I can't remember how they do it, but I just can't see a wealthy businessman sitting back and taking a hit like this, something is not adding up...I suspect some very dodgy but legal stuff is going on here. Probably would make for nice housing development, worth way more than the ground would ever be.
It's like our American owners buying my club, I never understand why you would waste chucking money at it. We should have gone out of business really, but got lucky but we can't have been far from going under when we were at the bottom of L2. You just can't survive on 5-6k attendances these days, unless you have a very good scout that brings in lads to sell at a mighty profit every season to balance the books. Would I buy my club if I had the money, not a ****ing chance, you've got to be a billionaire and completely mad these days.
Football has become a bit like Formula One ... very few teams, if any, make profits ... instead they are the playthings (hobbies) of the incredibly rich who makes their money elsewhere ...
