Sheffield Wednesday served order
League One side Sheffield Wednesday have been served a winding-up order. Her Majesty’s Revenue and Customs are owed over £600,000 in unpaid tax by the club.
The club has faced the order three times in the past three months. Earlier this month Wednesday reached an agreement with the Co-operative bank regarding the unpaid tax bill to save them from falling into administration.
A new order on the 17 November is due, but Chairman Howard Wilkinson has stated that the club were weighing up a loan offer by a potential investor to pay off the bill.
Sheffield Wednesday were relegated from the League Championship last season. The board believe that relegation has cost them a 20% drop from last season’s income in the Championship and this figure is expected to rise.
The club have only picked up 11 points from nine league games this season and unless Wednesday can manage to find a new investor soon they may well lose more players in next year’s transfer window.
Speaking with BBC Radio Sheffield, Wilkinson said: "One of the three investors we are talking to got in touch last night and offered a facility in the form of a loan in order that the current situation with the HMRC was resolved and some of the uncertainty
taken out of the situation. What we have got to do now is explore the feasibility of such a loan.”
On a Sheffield Wednesday fans forum, Chief Executive Nick Parker told supporters that an overseas oilfield company were prepared to offer the club the £600,000.
Parker was not prepared to mention who the potential investors were, but it is believed that the consortium has asked former goalkeeper and manager Chris Turner to lead the negotiations on their behalf. Turner resigned from his post as Hartlepool manager
recently.
The Owls chief executive believes that the deal will be done before the deadline is reached and said, "I am hoping that this time we won't get to the last minute,"
Tags: