Chansiri demands Sheff Wed fans pay £2m HMRC debt

h_m_boro said:
I'll be honest, I'm not a fan of how Gibson is running the club.

But the thought of him selling up, sticking an advert in the classifieds "football club for sale, £143m, no time wasters, shysters, foreign investment funds, American Hedge Funds, dodgy billionaires" scares me.

So I will continue to be pretty hypocritical. 😳
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The world of finance is so murky there is no real way of knowing what your new 'billionaire' owner would be like.

I suppose the only way would be to make them deposit a few bill into a ring fenced account that someone other than the new owner or his entourage had control over. But which self respecting maniacal billionaire would agree to that?

The main thing for me is that Boro continue to operate and exist, I feel absolutely confident in this with SG at the helm.
 
edinboro said:
To be fair, £100 each isn't much for a lot of people to save their club. If it's cashflow then no probs really. If this was Boro someone would start a collection and the money would be raised. Then you need to make it all legal and documented. Someone like the old Adi Dem who was a lawyer I think could have done that.

There are a lot of words in his interview but the basic fact - they need £2m sharpish is quite simple.

How will the fans react? Probably boycott games or throw more tennis balls or something. But they could actually do something constructive to see if he is true to his word.
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He is basically blackmailing the fans. Say the fans did raise and pay it, so long as Chansiri is the owner, what would he do when the next bill came in?

The fans are victims of poor assessment by the authorities running the game that allow people like him to own clubs in the first place. The horse has bolted sadly and the debt in the game will cause a number of dominoes to fall.
 
edinboro said:
To be fair, £100 each isn't much for a lot of people to save their club. If it's cashflow then no probs really. If this was Boro someone would start a collection and the money would be raised. Then you need to make it all legal and documented. Someone like the old Adi Dem who was a lawyer I think could have done that.

There are a lot of words in his interview but the basic fact - they need £2m sharpish is quite simple.

How will the fans react? Probably boycott games or throw more tennis balls or something. But they could actually do something constructive to see if he is true to his word.
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A multi millionaire / billionaire having a go at fans then asking them to stump up millions due to his own mismanagement I don’t think is a great play….

Are you suggesting his request is reasonable? Given it is to largely working class fans who have likely spent thousands on their support long before this charlatan rocked up.

He’s like a spoilt child throwing his toys out. Pathetic.
 
coluka said:
The issue is about people as well as money. Football has had loads of examples of good and bad owners, both foreign and UK, we should know that as well as any club, it has also had examples of terrific foreign owners as well as UK ones. The issue is about due diligence and trust as well as money. However it is true that some owners that sell only look at the money, where more responsible owners should look at the buyer too.

If Gibson ever decided to sell, surely the fans who laud Gibson currently would also trust him to ensure as far as anyone can, that the buyer would hold the best interest of the club at heart for the long term as far as is possible. He will surely have already made a plan B in any event were he to suddenly no longer be with us or in a position to make important decisions.

The truth is you need money to invest in a club not just to make it successful, but then to sustain that. The investor has to be astute too and understand the business and have solid decision makers around them, oh and luck. It is a moot point anyway, I may be wrong, but I fail to see anyone being willing to buy the club and repay the debt currently owed unless huge right offs occur or somehow we manage to do a Brentford and it be repayed that way over time..
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"The issue is about people as well as money" THIS
"The issue is about due diligence and trust as well as money"
I would posit that it is entirely about character. We find out a lot about ourselves and others when put under pressure. Many rich men do not have an ethical foundation that would make them pause and consider the common good of the wider community associated with a sports club. Boro are blessed to have a man with money as an owner who has made public statements showing he does consider the common good important. I don't pay my money into the club any more, but am constantly grateful that Gibson chooses to support us. When the time comes, I'll be praying for the next owner to be of the right character, not necessarily of the right level of wealth.
 
Alzi said:
A multi millionaire / billionaire having a go at fans then asking them to stump up millions due to his own mismanagement I don’t think is a great play….

Are you suggesting his request is reasonable? Given it is to largely working class fans who have likely spent thousands on their support long before this charlatan rocked up.

He’s like a spoilt child throwing his toys out. Pathetic.
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I think he's making a valid point badly. We get told all the time how generous Gibson is. This fella isn't far behind. Their fans just think they can pick and choose when an owner leaves. Do they think new owners grow on trees. He might have made mistakes but he's the one who has footed the bill.
 
edinboro said:
I think he's making a valid point badly. We get told all the time how generous Gibson is. This fella isn't far behind. Their fans just think they can pick and choose when an owner leaves. Do they think new owners grow on trees. He might have made mistakes but he's the one who has footed the bill.
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But he hasn’t “footed the bill”. Literally.
 
edinboro said:
I think he's making a valid point badly. We get told all the time how generous Gibson is. This fella isn't far behind. Their fans just think they can pick and choose when an owner leaves. Do they think new owners grow on trees. He might have made mistakes but he's the one who has footed the bill.
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He's the reason they were in League One to begin with, he's the reason their financial situation is dire.

He's been an appalling owner.
 
JackG said:
He doesn't. The club does.
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He owns 100% of the club, the financial responsibility is entirely on his shoulders.
The reckless spending, the stadium sale, the financial irregularities, they're all his responsibility.

He's got more and more petulant as time goes on, because fans are understandably unhappy with the way the club is being ran.
 
TeaCider said:
He owns 100% of the club, the financial responsibility is entirely on his shoulders.
The reckless spending, the stadium sale, the financial irregularities, they're all his responsibility.

He's got more and more petulant as time goes on, because fans are understandably unhappy with the way the club is being ran.
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You are correct in the sense he owns 100% of the club, but it's Sheffield Wednesday Limited that owes HMRC the money. It is possible for the owner of the company shares to walk away from this company liability, as happened to Boro in 1986.
 
Grand old club, sad sight seeing them on their ar$e. He will sell it on, hopefully to a local lad who might care enough.
They have had a couple owners who have let them down

🫅Gibson🚀🤖 Redstone😎
 
The_Lizards_Jumpers said:
Yeah but our club is rotten to the core under Gibson, and he needs to sell up to the first Billy Billionaire who comes along - that way we're guaranteed to be the next Man City, no danger of a doyle like this buying us of course.
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Of course , sheff wed is always what happens when someone buys a club

I’d rather take a chance than live under the constant **** the dinosaur chairman Gibson has given us
 
theboydom said:
"The issue is about people as well as money" THIS
"The issue is about due diligence and trust as well as money"
I would posit that it is entirely about character. We find out a lot about ourselves and others when put under pressure. Many rich men do not have an ethical foundation that would make them pause and consider the common good of the wider community associated with a sports club. Boro are blessed to have a man with money as an owner who has made public statements showing he does consider the common good important. I don't pay my money into the club any more, but am constantly grateful that Gibson chooses to support us. When the time comes, I'll be praying for the next owner to be of the right character, not necessarily of the right level of wealth.
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I agree with much of what you say but I would be careful with putting Gibbo on such a pedestal. His actions with and support for the Tories in recent years suggest his social conscience is not what it once was.
 
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