Sheffield Wednesday FC

[Grumpy King of the West]

Wonder what this cryptic message is all about?


https://www.examinerlive.co.uk/sport...pdate-19050927

[rolymiller]

oh no not another points deduction?...I couldn't stand that.......... erm....much...

[BramleyMiller58]

One can only hope for the correct outcome.

I'll leave it there

[Grist_To_The_Mill]

If it’s bad news for football then it’s probably their points deduction being overturned

[Grumpy King of the West]

If it’s bad news for football then it’s probably their points deduction being overturned

I got the impression that it's not specifically related to the points deduction. It's in addition, I.e:

"Maguire responded: "There is another story developing about Wednesday""

[rolymiller]

eet
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Mike McCarthy
@mikemccarthy
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35m
EXCLUSIVE: Sheffield Wednesday owner Dejphon Chansiri is securing a debt against Hillsborough Stadium. A search to protect a ‘pending charge’ was made at the Land Registry on 30th Sept. The owner of the charge could sell Hillsborough if Wednesday don’t keep up with repayments.

[url]https://www.owlstalk.co.uk/forums/topic/293064-breaking-news-chansiri-looking-to-secure-debt-against-hillsborough-stadium/#comments[/url


Can someone explain in lay mans terms what the implications are for swfc. Grumps?

[Grumpy King of the West]

Not 100% sure Roly but it looks like the Wednesday chairman is wanting to borrow money and has put Hillsborough up as collateral. So, much as a mortgage lender can take your house if you default on your mortgage repayments, so the lender could take the stadium if chansiri (or SWFC) defaults. Not sure whether its Chansiri (one of his companies) or SWFC who are borrowing the cash.

The red flag for me is why someone who is apparently minted is needing to get a secured loan.

[Grist_To_The_Mill]

eet
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Conversation
Mike McCarthy
@mikemccarthy
·
35m
EXCLUSIVE: Sheffield Wednesday owner Dejphon Chansiri is securing a debt against Hillsborough Stadium. A search to protect a ‘pending charge’ was made at the Land Registry on 30th Sept. The owner of the charge could sell Hillsborough if Wednesday don’t keep up with repayments.

[url]https://www.owlstalk.co.uk/forums/topic/293064-breaking-news-chansiri-looking-to-secure-debt-against-hillsborough-stadium/#comments[/url


Can someone explain in lay mans terms what the implications are for swfc. Grumps?

If you watch that tv program, “can’t pay, we’ll take it away” that will give you a clue

Like the Halifax will repossess your home if you don’t keep up the payments

Send in the bailiffs !!!

[rolymiller]

Thanks for that gents. So basically it dunt look like Chansiri is as loaded as some piggys fans might hope.

[Grist_To_The_Mill]

The irony of this is the value of the loan will be based on what Hillsborough is worth on the open market, the exact topic that got them into trouble in the first place