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Scottish Sun
4 days ago
- Business
- Scottish Sun
Former Premier League giants ‘fail to pay wages on time for second time in three months' as fans blast ‘worst run club'
Scroll down to see the letter sent to club staff Chaos club Former Premier League giants 'fail to pay wages on time for second time in three months' as fans blast 'worst run club' Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) FORMER Premier League side Sheffield Wednesday have failed to pay players and staff for the second time in three months, according to reports. The Owls have recently experienced chaos in the club hierarchy under owner Dejphon Chansiri, whose family control canned tuna producer Thai Union Group. Sign up for Scottish Sun newsletter Sign up 1 Sheffield Wednesday have reportedly failed to pay staff and players Credit: Getty And the Championship outfit are now at risk of a three transfer window embargo. The latest round of payments had been due to go out on Friday. However, players, coaching staff and also general club staff have been hit by a lack of wages being paid out. According to the Sheffield Star, this has affected staff by varying degrees, with some receiving full payments, others only receiving part of their payment and some getting nothing at all. READ MORE IN FOOTBALL CLIFFE EDGE Ratcliffe and Amorim 'on collision course for huge fall-out if Fernandes sold' A letter sent to players and staff allegedly told them they would not be receiving payment until at least Monday. If everyone at the club is not paid in full by the end of next week then a sanction from the EFL will be forthcoming as they sit on the brink of a 30-day default. That would see them banned from signing players. The letter sent to club staff says: "We anticipate outstanding payments will be made in full during the course of this Monday and sincerely apologise for the inconvenience caused. "We understand that such delays create financial pressure and want to reassure our staff that the club is here to support you and ensure that no one suffers any financial hardship… "If you are facing any immediate financial difficulties as a result of this delay, please don't hesitate to contact your Line Manager or Department Head, who will aid the access of emergency funding we have in place." Former Championship club win promotion to National League as fans go wild after nightmare decade When the same issue occurred in March, payment was eventually made on April 7. The club is in the situation it is in due to debts owed to the owner, who has been at the club for a decade. Reacting to the news on social media, fans blasted the club as the "worst run club in football league". The team's Supporters Trust was also fuming in a statement, which read: "We are once again appalled to hear reports that employees of Sheffield Wednesday Football Club, have reportedly not been paid again. "If these reports are accurate, this is simply unacceptable. We demand that the club immediately provides a clear and transparent explanation of the situation. "Silence and ambiguity are no longer tolerable. "We reiterate our firm belief that Dejphon Chansiri must sell the club without further delay. "His continued ownership is proving catastrophic for Sheffield Wednesday and everyone connected with it." Protests against Chansiri have gathered pace in the last year as he seeks to sell the club. A second bid to buy the club was reportedly made by an American consortium recently. Wednesday finished 12th in the second tier this season under manager Danny Rohl. Despite being a founding member of the Premier League in 1992, they last appeared in the top flight in 2000.
The Sun
4 days ago
- Business
- The Sun
Former Premier League giants ‘fail to pay wages on time for second time in three months' as fans blast ‘worst run club'
FORMER Premier League side Sheffield Wednesday have failed to pay players and staff for the second time in three months, according to reports. The Owls have recently experienced chaos in the club hierarchy under owner Dejphon Chansiri, whose family control canned tuna producer Thai Union Group. 1 And the Championship outfit are now at risk of a three transfer window embargo. The latest round of payments had been due to go out on Friday. However, players, coaching staff and also general club staff have been hit by a lack of wages being paid out. According to the Sheffield Star, this has affected staff by varying degrees, with some receiving full payments, others only receiving part of their payment and some getting nothing at all. A letter sent to players and staff allegedly told them they would not be receiving payment until at least Monday. If everyone at the club is not paid in full by the end of next week then a sanction from the EFL will be forthcoming as they sit on the brink of a 30-day default. That would see them banned from signing players. The letter sent to club staff says: "We anticipate outstanding payments will be made in full during the course of this Monday and sincerely apologise for the inconvenience caused. "We understand that such delays create financial pressure and want to reassure our staff that the club is here to support you and ensure that no one suffers any financial hardship… "If you are facing any immediate financial difficulties as a result of this delay, please don't hesitate to contact your Line Manager or Department Head, who will aid the access of emergency funding we have in place." When the same issue occurred in March, payment was eventually made on April 7. The club is in the situation it is in due to debts owed to the owner, who has been at the club for a decade. Reacting to the news on social media, fans blasted the club as the "worst run club in football league". The team's Supporters Trust was also fuming in a statement, which read: "We are once again appalled to hear reports that employees of Sheffield Wednesday Football Club, have reportedly not been paid again. "If these reports are accurate, this is simply unacceptable. We demand that the club immediately provides a clear and transparent explanation of the situation. "Silence and ambiguity are no longer tolerable. "We reiterate our firm belief that Dejphon Chansiri must sell the club without further delay. "His continued ownership is proving catastrophic for Sheffield Wednesday and everyone connected with it." Protests against Chansiri have gathered pace in the last year as he seeks to sell the club. A second bid to buy the club was reportedly made by an American consortium recently. Wednesday finished 12th in the second tier this season under manager Danny Rohl. Despite being a founding member of the Premier League in 1992, they last appeared in the top flight in 2000.
BBC News
4 days ago
- Business
- BBC News
Sheff Wed wage payments delayed again
Sheffield Wednesday players and staff have not received their monthly wages on time for the second time in three Radio Sheffield understands payment had been due on Friday and has contacted the club for a wages were eventually paid on 7 April after what the club called a "temporary issue" because of debts owed to owner Dejphon Chansiri, whose family control the Thai Union Group, the world's largest producer of canned has been in charge of the Championship club for 10 years and last month said there had been "no substantial interest" in buying the club after fans protested against his have been placed under a registration embargo in each of the past two seasons amid financial problems and were deducted six points in 2020-21, a season where they were relegated from the second tier, for breaching spending South Yorkshire side finished 12th this season, 10 points off the play-off places and nine clear of the relegation zone. 'A worrying time and many want change' - Analysis BBC Radio Sheffield reporter Rob StatonSheffield Wednesday fans ended the season protesting against chairman Dejphon Chansiri in a way we haven't seen from this fanbase in the was concern the last time wages were not paid on time - in March - that if it happened again within a certain timeframe, the club faced a potential transfer embargo. I suspect that can still be avoided, depending on the length of the delay. However, it is clearly a big concern that on the final Friday of the month, wages have again not been paid on has been reported that a second bid to buy the club from an American consortium was made recently and the pressure will only grow on Chansiri given today's so much uncertainty around Hillsborough. What is happening with manager Danny Rohl? What kind of plans are being made for next season? More importantly, though, how financially stable is this club? What is the future?There simply aren't any answers coming from the at what is being said online and speaking to supporters, many have had enough. They worry about the reputational damage of their club. They wonder if there's a financially viable future. They look at the troubles at Reading recently and wonder if that could happen to them. It's a worrying time and many want change.
Yahoo
30-01-2025
- Business
- Yahoo
3 Dividend Stocks Offering Up To 5.8% Yield For Steady Income
As global markets respond to recent political developments and economic indicators, U.S. stocks have been marching toward record highs, driven by optimism surrounding potential trade deals and AI investments. In this dynamic environment, dividend stocks can offer a reliable source of income for investors seeking stability amidst market fluctuations. Name Dividend Yield Dividend Rating Guaranty Trust Holding (NGSE:GTCO) 5.93% ★★★★★★ Peoples Bancorp (NasdaqGS:PEBO) 4.88% ★★★★★★ Wuliangye YibinLtd (SZSE:000858) 3.67% ★★★★★★ Yamato Kogyo (TSE:5444) 4.04% ★★★★★★ Padma Oil (DSE:PADMAOIL) 7.42% ★★★★★★ China South Publishing & Media Group (SHSE:601098) 4.01% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 3.41% ★★★★★★ Citizens & Northern (NasdaqCM:CZNC) 5.01% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.46% ★★★★★★ Nihon Parkerizing (TSE:4095) 3.94% ★★★★★★ Click here to see the full list of 1955 stocks from our Top Dividend Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Commercial Bank of Dubai PSC offers commercial and retail banking services in the United Arab Emirates and has a market capitalization of AED21.55 billion. Operations: Commercial Bank of Dubai PSC generates revenue through its commercial and retail banking services in the United Arab Emirates. Dividend Yield: 5.9% Commercial Bank of Dubai PSC offers a stable dividend profile, with a payout ratio of 47.1%, indicating dividends are well covered by earnings. The bank's dividends have been reliable and growing over the past decade, although the yield of 5.89% is slightly below top-tier payers in the AE market. Despite having a high level of bad loans at 5.9%, CBD trades at a good value with a price-to-earnings ratio of 7.4x, below the market average. Recent earnings show improved net income and interest income for fiscal year 2024, supporting its dividend sustainability. Click here and access our complete dividend analysis report to understand the dynamics of Commercial Bank of Dubai PSC. The analysis detailed in our Commercial Bank of Dubai PSC valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Thai Union Group Public Company Limited, along with its subsidiaries, operates in the manufacture and sale of frozen, chilled, and canned seafood both in Thailand and globally, with a market cap of THB50.35 billion. Operations: Thai Union Group's revenue segments include Ambient Seafood at THB80.27 billion, Pet Food Business at THB20.93 billion, and Frozen and Chilled Seafood and Related Businesses at THB46.93 billion, along with Value-added & Others contributing THB17.84 billion. Dividend Yield: 4.6% Thai Union Group's dividend yield of 4.58% lags behind top-tier payers in Thailand, yet its dividends are well-covered by both earnings and cash flows, with a payout ratio of 46.2%. Despite a volatile dividend history over the past decade, recent increases offer some optimism. The company trades significantly below its estimated fair value and has initiated a share buyback program to enhance financial metrics like Return on Equity and Earnings Per Share. Unlock comprehensive insights into our analysis of Thai Union Group stock in this dividend report. Insights from our recent valuation report point to the potential undervaluation of Thai Union Group shares in the market. Simply Wall St Dividend Rating: ★★★★★☆ Overview: TOMONY Holdings, Inc. operates through its subsidiaries to offer a range of banking and financial products and services, with a market cap of ¥85.42 billion. Operations: TOMONY Holdings generates revenue primarily from its banking segment, which amounts to ¥86.12 billion. Dividend Yield: 4% TOMONY Holdings offers a reliable dividend yield of 3.99%, ranking in the top 25% of Japanese dividend payers. With a low payout ratio of 14.8%, dividends are well-covered by earnings, and payments have been stable and growing over the past decade. The stock trades at a significant discount to its estimated fair value, enhancing its appeal for value-focused investors, although future coverage by earnings or cash flows remains uncertain due to insufficient data. Take a closer look at TOMONY Holdings' potential here in our dividend report. In light of our recent valuation report, it seems possible that TOMONY Holdings is trading behind its estimated value. Gain an insight into the universe of 1955 Top Dividend Stocks by clicking here. Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DFM:CBD SET:TU and TSE:8600. Have feedback on this article? Concerned about the content? with us directly. 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