All Sheffield Wednesday supporters want to hear right now is positive movement on the club’s proposed takeover. Instead, news that the club is continuing to post monthly losses has sparked fresh frustration and uncertainty among the fanbase.
Joint administrator Kris Wigfield explained that, because of “the seasonal nature of football revenues,” Wednesday are currently losing in the region of £1 million per month.
While that figure does not equate to a straight £12 million annual loss — given that significant income arrives at different points throughout the year — it still makes for uncomfortable reading.
That is especially true after the January departures of several remaining first-team players in a bid to reduce costs.
Club stalwart Barry Bannan, reportedly on around £7,500 per week, completed a move to Millwall, while the Owls secured a seven-figure sum for academy graduate Bailey Cadamarteri following his switch to Wrexham.
Even so, the ongoing losses represent another concerning development, particularly with the takeover yet to be finalised. It has now been over a month since administrators entered an exclusivity period with a consortium widely reported to be led by James Bord, and nerves are beginning to resurface among some supporters.
However, FLW’s Wednesday fan pundit Patrick McKenna is urging calm. He recognises that takeover processes cannot be rushed and believes the club will be in a stronger position once a deal is completed.
From a surface-level perspective, losing around £1 million per month may raise alarm bells. But McKenna feels the context is important. He points to the administrators’ measured explanation and stresses that the losses are not as dramatic as some headlines suggest. He also has confidence that the prospective new owners will continue to underwrite the shortfall, as they are currently doing.
At first glance, the headline figure appears worrying, he noted, but the clarification provided shows it is not a straightforward £12 million annual deficit — which he finds reassuring. He added that with the proposed owners covering ongoing losses, the situation may not be as bleak as it seems.
While supporters understandably want swift resolution — particularly after years of turbulence — McKenna insists patience is required. Proper due diligence must be carried out to ensure the club ends up in the right hands, even if that means waiting a few extra weeks.
He emphasised that although emotions are running high, the process appears to be progressing as expected. The administrators are satisfied with developments so far, and the consortium is currently undergoing the necessary EFL checks. Their willingness to cover losses and invest in the stadium signals serious intent, in his view.
Wednesday fans are desperate for positive news after a season filled with setbacks. Even the announcement that owner Dejphon Chansiri had placed the club into administration carried mixed emotions, as it resulted in a significant points deduction despite offering a potential reset.
For now, patience remains essential. Supporters may be weary of waiting, but there is still hope that once the takeover is finalised, brighter days could lie ahead at Hillsborough.
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