Yorkshire news Former Sheffield Wednesday defender makes bleak prediction MetiNews.Com

MetiNews.Com - Jon Newsome is worried about the direction the club are heading in

Yorkshire news Former Sheffield Wednesday defender makes bleak prediction MetiNews.Com

MetiNews.Com - Jon Newsome is worried about the direction the club are heading in

Yorkshire news  Former Sheffield Wednesday defender makes bleak prediction MetiNews.Com
02 August 2020 - 11:24

Breaking News ! Jon Newsome fears his former club Sheffield Wednesday will struggle to attract top players in the summer transfer window after being found guilty of breaching the English Football League's Profitability and Sustainability regulations. The Owls have been handed a 12 points deduction for next season by an independent disciplinary commission after their long-standing misconduct charge did not go their way last week. Their charge related to the sale and leaseback of Hillsborough to chairman Dejphon Chansiri in 2017/18 campaign. The move ensured Wednesday stayed within the confines of P&S rules, which allow Championship clubs to lose £39m over a three-year cycle. Read More Related Articles Who Sheffield Wednesday supporters voted as their player of the year Read More Related Articles Tottenham Hotspur striker who was linked with Sheffield Wednesday joins Championship rivals Without the £60m sale of Hillsborough, the Owls would have reported a pre-tax loss of £35.4m and that would have followed on from deficits of £9.8m and £20.8m in the previous two seasons. But the EFL questioned the £60m figure Wednesday paid for the land, and the fact Land Registry documents appeared to suggest the transaction only went through in the 2018/19 season. The Owls, who welcomed "the decision that the commission cleared" them of "acting in bad faith", are awaiting the written reasons from the disciplinary panel before considering any appeal. Read More Related Articles Sheffield Wednesday face a "wasted season" following points deduction, says former Owls' boss Read More Related Articles Appeals, timeframes and tougher punishments - Key issues surrounding what happens next with Sheffield Wednesday Newsome, a lifelong Wednesdayite, told Yorkshire Live: "I was not surprised at all (by the verdict), having sat down and read through the background of the case. Actually, I think they can think themselves very fortunate at the fact that it has gone into next year. "If they had done it for this season, then they wouldn't have had time to appeal before the start of next season which would have been an absolute shambles. "I've read on social media some Wednesday fans saying 'at least we know we are starting from for next season and we can have a good transfer window.' I think people are missing a trick here because how appealing are you going to be as a football club to try and get new players in when you are 12 points behind everybody else and are effectively going to be in a relegation battle? It is not an easy sell.

. Mandatory Credit: Ross Kinnaird /Allsport "It is going to be really difficult when you look at the plight and history of the club in the last four or five years. It has not gone well. "Don't get me wrong, we are still a big club and we have got potential but you look at the management changes we have made. "For me, the buck stops with the owner. It's as simple as that. I think quite a lot of people have seen this coming for a long, long time. "They are a bit like a boxer on the ropes where they just seem to be getting caught and it is one blow after another. Read More Related Articles Sheffield Wednesday fans' group demand meeting with Dejphon Chansiri following EFL case verdict Read More Related Articles 'A time for unity' - Why Sheffield Wednesday must create a siege mentality after EFL charge verdict "It has all become a little bit of a farce and it pains me to say that that as a Wednesday supporter. It hurts me to see the club languishing in the Championship and finding themselves in the predicament that we now find ourselves in." Newsome believes Chansiri has to learn lessons from the mistakes that have been made. "They guy's intentions are there for everybody to see," he said. "He bought the club five years ago and has invested colossal amounts of money but he has invested his money unwisely. "I know it is a well used cliche but football is not like any other business and that's why you find non football come into the game, don't understand the game and get tripped up."

Source = MetiNews.Com

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Yorkshire news Former Sheffield Wednesday defender makes bleak prediction MetiNews.Com


Yorkshire news Former Sheffield Wednesday defender makes bleak prediction MetiNews.Com


Yorkshire news Former Sheffield Wednesday defender makes bleak prediction MetiNews.Com


Yorkshire news Former Sheffield Wednesday defender makes bleak prediction MetiNews.Com

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