Sheffield Wednesday captain Barry Bannan has admitted that going into administration is a 'huge relief' for the club, which has been plagued by financial woes under Thai businessman Dejphon Chansiri. The Owls were placed in the hands of insolvency firm Begbies Traynor on Friday, bringing to an end the troubled ownership of the club.
The captain expressed his optimism about the new start that administration brings, saying, "It's a huge sigh of relief. Obviously, the way we were going it was becoming difficult." He acknowledged the challenges faced by the team during the summer months, including tax debts and failing to pay players and staff on time.
Bannan emphasized that the situation has brought the club together, stating, "The players have been amazing. The staff as well. At the training ground and at the stadium, they've all come together and done their jobs brilliantly and professionally." He also expressed his commitment to the ailing club, signing a new deal in August.
Administration has led to an automatic 12-point deduction, leaving the Owls 16 points from safety in the Championship. However, Bannan remains hopeful that the club can be sold quickly to new owners, with 'four or five' serious bidders already interested in taking over at Hillsborough.
The EFL and the administrator are optimistic about finding a new owner who can stabilize the club's finances. The process of finding a new owner has begun, and fans have shown their commitment by turning out in large numbers to support the team despite the difficulties they've faced.
Bannan's words highlight the sense of optimism that now surrounds the club, which is eager to move forward from the financial troubles that plagued it under Chansiri. The captain's statements also underscore the importance of unity and professionalism within the team and staff, as they look to rebuild and move towards a brighter future.
The captain expressed his optimism about the new start that administration brings, saying, "It's a huge sigh of relief. Obviously, the way we were going it was becoming difficult." He acknowledged the challenges faced by the team during the summer months, including tax debts and failing to pay players and staff on time.
Bannan emphasized that the situation has brought the club together, stating, "The players have been amazing. The staff as well. At the training ground and at the stadium, they've all come together and done their jobs brilliantly and professionally." He also expressed his commitment to the ailing club, signing a new deal in August.
Administration has led to an automatic 12-point deduction, leaving the Owls 16 points from safety in the Championship. However, Bannan remains hopeful that the club can be sold quickly to new owners, with 'four or five' serious bidders already interested in taking over at Hillsborough.
The EFL and the administrator are optimistic about finding a new owner who can stabilize the club's finances. The process of finding a new owner has begun, and fans have shown their commitment by turning out in large numbers to support the team despite the difficulties they've faced.
Bannan's words highlight the sense of optimism that now surrounds the club, which is eager to move forward from the financial troubles that plagued it under Chansiri. The captain's statements also underscore the importance of unity and professionalism within the team and staff, as they look to rebuild and move towards a brighter future.
. I mean, 12-point deduction is massive, but he's saying they've got some serious bidders lined up, which is a good sign 
. The thing is though, it’s not just about finding new owners, it’s also about fixing those tax debts and paying everyone on time 
. Still, you can tell the team spirit is high and that's something to build on 
.
I think it's heartening to see Barry Bannan finding solace in administration being a "huge sigh of relief" for Sheffield Wednesday. The fact that he credits the players and staff with coming together and doing their jobs brilliantly is a testament to the club's resilience. It's also encouraging to hear that fans have shown their commitment by turning out in large numbers, despite the challenges they've faced.
. I feel bad for the players and staff who have been struggling financially 
. But at the same time, I'm glad Barry Bannan is taking a positive spin on things - it's like a weight's been lifted off his shoulders 
. The fact that the fans are still coming out in force to support the team shows they care about the club's future 
. It's not gonna be easy for them, but with new owners and a fresh start, maybe they can turn things around 
️. Fingers crossed! 
. i mean, 4-5 bidders is cool n all but its gonna take more than just that to turn this place around. need some serious investment & a new vision if they wanna compete again
Anyway, it's good that the fans are showing their support, even if they have no idea what's going on behind the scenes. 12-point deduction, yeah, that's not a big deal, right? 
i'm kinda relieved too lol the whole thing has been a nightmare for w wednesday fans its good that it finally happens but like 12 point deduction is still gonna hurt next season 
and it's no wonder the club went into admin 
if those 4 or 5 bidders come through, fingers crossed for the owls 
like i no its been a tough time 4 them but now its a new chapter & captain Barry Bannan is hella optimistic about it 
! he's all like "its a huge sigh of relief" which i can totes relate 2 when ur stuck in a financial hole 
. now lets hope they find some new owners who can get them back on track 
. theyre still gonna have to sort out their finances and stuff... but i guess its better than the mess they were in under chansiri 
. and yessss finally some movement with new bidders interested in buying the club! fingers crossed they can get a good deal done ASAP 
just think about it, when something goes down in life, like finances or whatever, some people would stress out 
he's seeing a new start for the club and that's super inspiring to me 
the fact that everyone came together as a team is amazing 
. And I love how Bannan is talking about the importance of unity and professionalism within the team and staff - it's all about moving forward together and supporting each other 
. It's great to hear that Barry Bannan is optimistic about the new start and how it brings everyone together 
. Now, let's hope they can get a new owner soon who can sort out those financial issues 
, maybe that'll bring in some new investors? 
. Of course, it won't be easy – 12 points to go and all that – but if the fans are showing their support in droves then that's gotta count for something 
. Players & staff comin together is key 
. Bannan's optimism is kinda cool, hes got a point 
, fingers crossed a new owner comes in and sorts out the finances 
... Bannan's right, we've got talented players & staff, just need some stability 
. But now that they're in admin, it's actually kinda a breath of fresh air? I mean, Barry Bannan is right, it's a huge sigh of relief for everyone involved 
.
. But at least they've got a solid foundation to work from, and if they can find some good owners who care about the club, they might just make it back up