There’s a new Financial Fair Play game in town at the moment and it seems Sheffield Wednesday may take some inspiration from Derby County and sell and then lease back our Hillsborough Stadium.
Aston Villa are also said to be looking into doing this to ease their own concerns.
With Wednesday operating under a reported soft embargo last summer, the Star have reported that Dejphon Chansiri has now followed in those footsteps, although this hasn’t yet been officially confirmed as we are still to file the full accounts for 2017/18.
Sheffield Wednesday have SOLD Hillsborough according to @thetimes. All will become clear when #SWFC publish there accounts, but I suspect Wednesday have sold the stadium to Chansiri for a profit and leased it back to balance the books in terms of Financial Fair Play. #swfc #WAWAW
— Owls Weekly (@OwlsWeekly) May 17, 2019
To my understanding of FFP, as long as the deal is within market values and conducted in good faith, the rules don’t actually prohibit this kind of thing happening but it is obviously pretty much a one time punch, but as Derby have proven – and caused quite a stir with – the impact on finances can be massive for a club.
There will be an inevitable fallout from this if it proves to be true, but if it’s within the rules it’s open to all clubs to do this, so I’m not even sure you can call it a loophole really.
“Seems An Odd One” – These Wednesday Fans Are Perplexed By Latest Transfer Rumour
