Sheffield Wednesday, a Championship side struggling to stay afloat after being hit with 12-point penalty and administration, has announced that players and staff have received their full wages a day early. The news comes as a major step forward in stabilizing the club's operations and rebuilding trust both internally and with its supporters.
The Owls were placed under administrators' control last week following months of turmoil under owner Dejphon Chansiri. Despite this, fans had initially ended a boycott of the club and spent over Β£500,000 on tickets and merchandise as of Monday. The club's administrators, Begbies Traynor, have stated that without the continued support of the Owls' faithful, they would not have been able to achieve this milestone.
Wage payments were delayed in five out of seven months prior to the administration takeover, with the club facing a significant amount of financial instability. However, this latest development marks a major turning point for the club as it looks to move forward from its current struggles.
The 12-point penalty imposed on Sheffield Wednesday has left the team bottom of the second tier and 16 points adrift of safety. Despite this setback, the club remains hopeful that it can turn its fortunes around with the support of its fans and the help of its administrators.
The Owls were placed under administrators' control last week following months of turmoil under owner Dejphon Chansiri. Despite this, fans had initially ended a boycott of the club and spent over Β£500,000 on tickets and merchandise as of Monday. The club's administrators, Begbies Traynor, have stated that without the continued support of the Owls' faithful, they would not have been able to achieve this milestone.
Wage payments were delayed in five out of seven months prior to the administration takeover, with the club facing a significant amount of financial instability. However, this latest development marks a major turning point for the club as it looks to move forward from its current struggles.
The 12-point penalty imposed on Sheffield Wednesday has left the team bottom of the second tier and 16 points adrift of safety. Despite this setback, the club remains hopeful that it can turn its fortunes around with the support of its fans and the help of its administrators.