[UK] Sheffield Wednesday delays players’ payroll over ‘temporary cashflow’ problems

In the UK, Sheffield Wednesday - a professional association football club based in Sheffield, South Yorkshire - has failed to pay its players their salaries for March on time due to “cashflow” problems, The Guardian reports.

Sheffield Wednesday F.C. claim that the delay in payment is only temporary and that its chairman, Dejphon Chansiri, is attempting to resolve the issue.

A statement issued by the club said, “Sheffield Wednesday can confirm a temporary issue with the payment of player salaries for the month of March. This has occurred as a result of significant sums of money owed to the chairman’s businesses which has in turn impacted on the club’s immediate cashflow.

“The chairman is working hard to resolve this situation at the earliest possible opportunity and in the meantime thanks everyone for their patience and understanding.”

Thai businessman Mr Chansiri, part of a family which controls the Thai Union Group, headed a consortium which bought Sheffield Wednesday from previous owner Milan Mandaric in January 2015 for £37.5m. It is not the first time during his tenure that players have been paid late, and there have reportedly been a number of other financial challenges.

Sheffield Wednesday sold their Hillsborough stadium to Mr Chansiri for around £60m in July 2019 to ensure they did not breach spending rules. In October 2023, he appealed to fans to raise £2m to help the club pay an outstanding debt to HMRC and cover wages. According to The Guardian, Sheffield Wednesday was placed under a registration embargo by the EFL over amounts owed to HMRC in November 2024.

Source: The Guardian

(Quote via original reporting)

In the UK, Sheffield Wednesday - a professional association football club based in Sheffield, South Yorkshire - has failed to pay its players their salaries for March on time due to “cashflow” problems, The Guardian reports.

Sheffield Wednesday F.C. claim that the delay in payment is only temporary and that its chairman, Dejphon Chansiri, is attempting to resolve the issue.

A statement issued by the club said, “Sheffield Wednesday can confirm a temporary issue with the payment of player salaries for the month of March. This has occurred as a result of significant sums of money owed to the chairman’s businesses which has in turn impacted on the club’s immediate cashflow.

“The chairman is working hard to resolve this situation at the earliest possible opportunity and in the meantime thanks everyone for their patience and understanding.”

Thai businessman Mr Chansiri, part of a family which controls the Thai Union Group, headed a consortium which bought Sheffield Wednesday from previous owner Milan Mandaric in January 2015 for £37.5m. It is not the first time during his tenure that players have been paid late, and there have reportedly been a number of other financial challenges.

Sheffield Wednesday sold their Hillsborough stadium to Mr Chansiri for around £60m in July 2019 to ensure they did not breach spending rules. In October 2023, he appealed to fans to raise £2m to help the club pay an outstanding debt to HMRC and cover wages. According to The Guardian, Sheffield Wednesday was placed under a registration embargo by the EFL over amounts owed to HMRC in November 2024.

Source: The Guardian

(Quote via original reporting)