Sheffield Wednesday told they are "the lesson of PSR" as Hillsborough chaos continues | OneFootball

Stan Collymore weighs in on the current Sheffield Wednesday situation

Sheffield Wednesday’s nightmare summer continues to roll on and the end still isn’t in sight.

Despite improving on their previous Championship campaign to finish 12th, it quickly became apparent that manager Danny Rohl wasn’t willing to continue with the Owls next term.

This was due to issues with owner Dejphon Chansiri, who soon became the Championship’s unfortunate talking point.

After failing to pay the wages of players and staff on time for the second time in three months in May, both Wednesday and Chansiri were charged by the EFL.

Some are still waiting for payment, so the club remain under a transfer embargo.

This embargo will be lifted once the outstanding salaries are paid, but the long-term consequences of the saga remain apparent for Wednesday as they have also been hit with a three-window ban on paying transfer fees.

Former Nottingham Forest, Liverpool and Aston Villa striker, Stan Collymore, believes that Wednesday’s current situation is a reminder of the brutal nature of owning a football club.

Stan Collymore weighs in on Sheffield Wednesday’s Dejphon Chansiri saga

“For me, the situation with Sheffield Wednesday is why PSR exists,” exclaimed Collymore to CaughtOffside. “And that’s why I don’t think clubs have the right to complain.

“Because whether it’s Newcastle, whether it’s Sunderland, whether it’s Villa, whether it’s Liverpool, whether it’s Man Utd, it doesn’t matter. So many clubs are continually overspending.

“PSR had to come in somewhere and there has to be some rules. And whatever rules you bring in, somebody’s going to get hurt – or the perception is somebody’s going to get hurt. And in this case, of course, it’s Aston Villa and Newcastle whose fans are complaining about Man City, Chelsea, Man United, Arsenal, Liverpool having had three decades to spend what they like.

“Sheffield Wednesday is the just the latest in a long line of lessons. If you don’t take the financial side seriously enough, and you don’t have a rich owner – or even if you do, but they don’t know what they’re doing in this football game – it’s a black hole that can swallow you up. PSR is there to protect Manchester United, Liverpool, Villa, Newcastle and Sheffield Wednesday.

“If PSR didn’t exist, it would just becomes a free-for-all. And if it becomes a free-for-all, don’t cry when some of our biggest clubs that are now in the second, third or fourth tiers of English football go out of business for good. That’s the lesson of PSR. You have to have sustainability rules across the four divisions to protect a very delicate ecosystem that is the English pyramid.”

Sheffield Wednesday fans will hope takeover rumours materialise

As the Owls' woes continue, interest in buying the club has recently increased.

After having two previous offers worth €65 million and €75 million rejected, Sheffield-born businessman Adam Shaw has suggested that negotiations are progressing well between his US-based consortium and the lawyers of the Chansiri family.

The other leader of the consortium, John Flanagan has gone on record to say that negotiations with the Thai chairman were "surprising" and "unique".

However, Chansiri has now said that Shaw was not telling the truth about the value and structure of the bids for Wednesday.

The Owls’ owner stated that he is still open to selling the club but questioned whether this consortium would be the right people to take the reins at Hillsborough.

With Rohl finally nearing his official Wednesday exit, supporters of the Steel City side will be desperate for this saga to end before it risks dragging into the new campaign.

Due to the club’s ownership situation taking centre stage, transfer business has been resigned to quite a worrying back seat.

With contracts set to expire across the squad, new additions will be necessary, but due to their new embargo, the Owls are extremely limited to what they can do.

Therefore, if the situation isn’t resolved soon, uncomfortable conversations may soon start about Wednesday’s ability to stay in the division next term.