Sheffield Wednesday have yet another issue to deal with in their ongoing financial crisis, one which intensifies the importance of one deal.
Sheffield Wednesday’s woes have continued to worsen over the off-season period, with Dejphon Chansiri’s ruling over the club placing them into serious financial difficulties.
The writing has been on the wall since March, when Sheffield Wednesday players were paid late, and such events were then repeated in May, this time, backroom staff not being paid on time.
Whilst the issues surrounding the staff were resolved, it is understood that some of the players are yet to receive payment for May, and with June’s payments looming for Chansiri, things are projected to get more difficult from this point onwards.
As a result of the continuing issues of payment, which have brought out an absence from Chansiri, who has been radio silent, the owner’s difficulties have dropped the club into yet more peril with the latest Sheffield Wednesday issue.
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Sheffield Wednesday handed a maximum wage restriction following the embargo
Sheffield Wednesday have been placed under a three-window embargo, which will not only prevent any paid permanent signings, but also any loan deals that require money exchanging as well.
On top of that, as reported by The Star, Sheffield Wednesday will now be unable to offer any new contracts over £7k per week, an amount that simply doesn’t give the Owls any wriggle room to bring in some fine talent this summer in the current circumstances.
According to Capology, a reliable source for wage details on players, only a handful of players are on less than £7k currently. Even the rarely used Olaf Kobacki and Ben Hamer last season found themselves above that amount.
Whilst this update means that life will be very difficult for Sheffield Wednesday and recruitment this summer, if it wasn’t already enough, it only adds to the importance of one deal they must complete quickly.
Sheffield Wednesday must secure a deal for Barry Bannan this summer
It has already been stated that Barry Bannan is keen to stay at Sheffield Wednesday, despite the issues plaguing the club currently.
Whilst Bannan’s wages could hinder any potential of a deal, the fact that the Scotsman is willing to stick around is a situation that Chansiri cannot simply pass by.
The calibre of players that Sheffield Wednesday will be able to sign next season will be League One level at a push, so any current players they can secure for the future is a huge boost. The £7k restriction doesn’t impact offering deals to current players, so the only thing potentially stopping such a deal being done is the finance that Chansiri has available.
