Football is in absolute disarray at the moment.
The professional game in England has been called off until at least the start of April, and unfortunately, it’s hard to see the sport getting started again anytime soon as the height of the current pandemic has been predicted to be 10-14 weeks away.
Of course, three months without a game being played is going to affect so many aspects of the sport, and Sheffield Wednesday could be hit hard by it.
The Owls’ current financial situation is poor to say the least, they’re under investigation for financial misconduct due to the sale of Hillsborough, and without that sale, they’d have recorded a £22m loss in their most recent financial accounts as they received £60m for the stadium while recording an overall profit of £38m.
The Yorkshire club aren’t going to be buoyed by the stadium sale again this year, and with the Owls failing to get a large number of players off their wage bill, they’re likely set for another loss.
However, that loss may be even worse this term due to the postponement of these games.
Gate receipts are big income drivers for every team in the country, and Wednesday won’t have those for the next few weeks while still having to pay their players.
Even if the games that are being missed now are played at a later date, the financial year ends at the beginning of April, so the Owls’ yearly accounts will still be hit by it.
The problem is that FFP is calculated by looking at a club’s records over the past three years, and this loss of income could plague Wednesday for the next three seasons.
Hopefully, the powers that be account for this and change the FFP calculations for these special circumstances, otherwise the Owls could be affected long-term.
In other news, Wednesday quite clearly made one mistake in the summer.