JHRover

"Entering administration was the inevitable outcome of years of financial mismanagement, a lack of accountability, and repeated failures to engage credible buyers. Administration is not something to be celebrated. It needn't have ended this way. But we are overjoyed to have Dejphon Chansiri out of our club for good. "Administration represents a necessary turning point. With the club now totally out of Chansiri's hands, this may be the first step to getting our Wednesday back. It closes an era defined by poor decisions and deep divisions, both on and off the pitch. Once Hillsborough is recovered from his ownership, Chansiri's influence will finally be consigned to history, a regrettable chapter in Sheffield Wednesday's long and storied history. "We understand that this news will bring uncertainty and anxiety about what lies ahead. Yet there is every reason for calm optimism. "The appointed administrators are highly experienced professionals, including one who has been a Sheffield Wednesday season ticket holder for decades. The Trust has already opened dialogue with them and will play a full part in safeguarding the long-term survival and sustainable future of our club. Anyone else feeling a little bit jealous of them?

"Like many football clubs, it has been trading at a significant loss for many years, with those losses historically funded by the owner. Mr Chansiri is no longer willing to provide that financial support. "While the recent fan boycott has not directly caused the insolvency, it has increased financial pressure on the club. As a result, the owner has chosen to place the club into administration. "Supporters are the backbone of any football club. The money they spend at the gate and in the ground is vital. I've been a season ticket holder since 1984 and know first-hand the passion of this fanbase. "Now, more than ever, we need fans back in the ground - buying tickets, merchandise, pies and pints. Every penny spent will go directly to supporting the day-to-day running of this club, not to the former owner or professional costs. This will help stabilise the club while we secure a suitable buyer." More to get behind and support there and more understanding, transparency and faith in those running the club than we've had in 15 years here.

Within hours of going into administration workers were at Hillsborough ripping out the 'Chansiri' letters from the North Stand to expunge traces of his regime. Oh for that to happen at Ewood. What I would give to see photographs and videos of people at Ewood dismantling the 'Venkys' advertising boards and removing all visible traces of their wicked regime.

The administrators take operational control of the club and actions by creditors are frozen.. Without knowing the ins and outs I imagine Chansiri or his companies are significant creditors of the club, together with HMRC and others. Technically he is still the majority shareholder so still owns them but has no control over decision making and the administrator is able to sell the club as a going concern to the best option. The administrators have to get in there, go through the books and work out what on earth is going on financially, run the club in the meantime and then try to get to a point where someone comes in to buy them and sort out their debts or come to an agreement with their creditors to reduce/remove their debts, and sell it on. The biggest risk is that for whatever reason the administrators can't save them as a going concern and the alternative then is liquidation. Highly unlikely to happen but possible. Apparently the other company he set up to own Hillsborough stadium has also been placed into admin which means the administrators can sell both together to new buyers. In some ways the best time for them to go into admin because this season was a write off and the administrators can spend the next 6 months sorting them out with a view to a fresh start under new ownership for next season.

If we finish 21st this season without needing to sack Ismael or spend much in January then Pasha and Gestede will be doing cartwheels around the corridors of Ewood. Their 'plan' will have paid off big time - major cost cuts, Championship survival and vindication. Another year on the gravy train and with Cantwell, Tronstad and another couple to flog in the summer - like Gueye to the UAE for a million or two - on it goes. I very much doubt that they will have bust a gut to get us into the top 6 last January - just not interested - it makes no material benefit to them. This is the measure of where we are - survive in the Championship and this lot are happy because it secures their positions.

Wednesday will be going down and they know it. It has been inflicted on them by their owner and his financial decisions. Very similar to Rovers then, the big difference being that our mob have used cash from player sales to pay the bills whereas Wednesday haven't really had that option. A year from now Wednesday will be in League One but most importantly rid of Chansiri and under new ownership. They can move on and look forward. What have we got?

Just a ridiculous football club, it really is beyond laughable. So whatever Waggott was doing in return for his hefty salary he hasn't been doing since May, someone else down there has been picking up the slack, we haven't replaced him with any senior management appointment, yet he continues on the payroll for up to a year afterwards and remains appointed as a Club director at Companies House today (one of four directors, the others being Coar, Babu and Rao. In other news at least they've got around to removing David Lowe from the coaching staff website. They haven't had the decency to communicate his departure or to wish him well for the future but have at least updated the 'who's who' section of the website. I wonder if the most powerful man at the Club knows he's gone yet?

Yeah but enough about that, what about our gates in the mid 80s?

Their manager dare not lose this one. Unlike micky mouse Rovers a club like Southampton will ring the changes and try to improve their standing in the game so expect Still to be fired if they lose to lowly Rovers. This could be a curse or a blessing. If he still commands some respect in their dressing room and that solid squad is still playing for him then you would expect them to pull a win out of the bag to save his skin. On the other hand if he's on his last legs and the players aren't playing for him then we might have hit them at the perfect time to snatch a win before he's replaced with a better manager. I reckon a draw here, which doesn't really suit anyone but can be hailed as progress for both.

Impressive boycott at Hillsborough tonight. The place is empty save for the Boro contingent.

They've no plans full stop, they certainly ain't going to rock the boat and incur a £1 million+ expense sacking off Ismael and Whitehead. They want life as cheap and easy as possible. A managerial sacking / recruitment process is the last thing they want.

People rinsing a ton of money out of football both in the media and behind the scenes at clubs need to come up with such 'modern' terms to justify their employment. BBC are the latest - articles riddled with factual mistakes - example being that Dyche led Burnley to qualify for Europe for the first time since the 60s - but loads of pointless stats about Xg and other drivel about his 'style'.

They went down the Head Coach / DOF route with Broughton and JDT and for the first 18 months it worked to perfection - we got results, played an exciting brand of football, brought through academy lads by the bucketload and made good investments in new signings. They smashed that to smithereens after 1 year. Their choice, presumably the Broughton/JDT approach was costing too much and working too well / not greasing the right palms so a different approach had to be brought in.

Ridiculous that Oxford and Derby are shorter odds than us for relegation. And considering where those two clubs have come from - League One 18 months ago - it is a disgrace that we are mixing it with them It is rare - and hard - for a side to be adrift in this dismal division. As we saw in the last two seasons - usually the bottom 3 sides are regularly changing and are in touch with the rest of the pack up to the last couple of games of the season. Don't think that's going to happen with us - reckon we will be adrift and marooned pretty soon unless something significant changes.

With Ismael you just know sometimes when it isn't working and a change is needed for the sake of the club Last night one of 'those games' - winning at HT against a struggling side who don't score goals, then letting 3 in during the second half to continue the barren home run, manager stood for the last 10-15 minutes with his head in his hands and the air of a beaten man in his interviews. Engaged ownership / management recognise the signs and make a quick change. Ismael is already at his career average for games and tenure, he was unlikely to ever be anything more than a stop-gap as his career has proven. But the people running the show are going to let this run and with it toss away what is left of our Championship status. Deliberate destruction.