Sheffield Wednesday manager, Garry Monk, says that the club “have to stick together” following misconduct charges made against their owner.
The charges, brought by the English Football League (EFL), relate to the timing of the £60 million sale of Hillsborough stadium during the 2017/18 season.
Club owner, Dejphon Chansiri, along with finance director John Redgate and former chief executive Katrien Meire, could face a “full range of sanctions” if found guilty – according to an EFL statement – and the club could face significant points deduction or even automatic relegation.
Monk emphasised at Thursday’s press conference that Chansiri remains confident this issue will be resolved.
“The club feels it’s done everything right,” he said. “We’ll allow them [the club ownership] to take care of that side of it. Our main focus is on the game coming up this weekend.”
In an official club statement yesterday, Sheffield Wednesday said that “the club has informed the EFL that the charges are themselves unlawful and, without prejudice to that fact, are all denied by the Club and the other Respondents.”
Under Profitability and Sustainability (P&S) regulations, the football league equivalent of Financial Fair Play, Championship clubs are allowed to lose up to £39 million within a 3-year period.
The Owls had already lost £30.6 million between 2015 and 2017, before the Hillsborough sale turned a pre-tax loss of £35.4 million in 2017/18 into a £2.5 million profit.
Fellow Championship side Birmingham City, where Monk had also been in charge at the time, were docked nine points for breaking P&S rules last season.
Sheffield Wednesday host Brentford this Saturday, and Monk pictures them as the sort of club model he would like to emulate.
“They’re are a great example of a club who have had a plan for the last three or four years. That’s what you’ve seen from teams who have been promoted from this league.”
“You look at Bournemouth, Burnley and Brighton – they’re all done over a three or four year period. That’s why when they get there, they’re able to sustain it.”
Wednesday currently sit 9th in the Championship table, but could climb above Brentford with victory this weekend.