Sheffield Wednesday: EFL charge Owls with misconduct following Hillsborough sale - News Summed Up

Sheffield Wednesday: EFL charge Owls with misconduct following Hillsborough sale


Dejphon Chansiri bought Sheffield Wednesday in 2015Sheffield Wednesday have been charged with misconduct by the English Football League after selling their Hillsborough stadium to owner Dejphon Chansiri to try to avoid breaking spending rules. The Owls sold their ground for about £60m, helping them record a pre-tax profit of £2.5m for 2017-18. The charges relate to "how and when" it was sold and its inclusion in the 2018 accounts when it was sold a year later. They might be concerned that the transaction was accelerated into the 2018 accounts, which would give them cause for concern. Given that Reading sold their stadium for £27m and West Ham sold theirs for £40m, it does seem unusual for Sheffield Wednesday's stadium to be sold for £60m.


Source: BBC November 14, 2019 16:46 UTC



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