lobster Posted July 11, 2023 Posted July 11, 2023 Our new shirt sponsor Wandisco seems to be in deep doggy doo . Currently under investigation by the US Regulators for massively overstating revenues , CEO Dave Richards has resigned ( for the record he is no relation to Sir Dave Richards the serial failure) and are now looking at staff cuts of about one third . They were our shirt sponsor in 2013 and our former CEO Nick Parker worked for them after leaving Wednesday . He jumped ship as soon as they were floated ,I hope we were paid in advance We seem to have a history of dodgy shirt sponsors , Remember the MHS Group whose founder Malcolm H Stockdale wanted to buy Wednesday before going bust , then there was Milan's mate from Azerbaijan Quote
Owling_Wolf Posted July 11, 2023 Posted July 11, 2023 35 minutes ago, Reesh said: Wandisco aren't our sponsors FFS! Was sat here most perplexed, reading that name! 🙄 1 Quote
Andyben Posted July 11, 2023 Posted July 11, 2023 Wait till he hears Maddie McCann was given a banana & chocolate chuppa chupps to keep quiet... Quote
Hirstys 12th Pint Posted July 11, 2023 Posted July 11, 2023 Can't believe we have appointed Alan Irvine as Manager. Quote
Raynaldo Posted July 11, 2023 Posted July 11, 2023 Antonio was with us when we had them as sponsors wasn’t he? Quote
HoylandOwl Posted July 11, 2023 Posted July 11, 2023 7 minutes ago, Raynaldo said: Antonio was with us when we had them as sponsors wasn’t he? Yes. Quote
HoylandOwl Posted July 11, 2023 Posted July 11, 2023 Wandisco isn’t the sponsor, but there is a connection. Quote
Otto_Man Posted July 11, 2023 Posted July 11, 2023 So that's three companies then in what 40 years? Just one after the other isn't it? 1 Quote
Owling_Wolf Posted July 11, 2023 Posted July 11, 2023 Let's hope this is separately survivable for our distinctive sponsor and their logo. It'd be just typical if we lost them at this stage of the relationship. Especially as my personal musical genius thought of an alleged song for us & the flat cap at York. 😉 (Nicking Portsmouth chant.) 🎵 'Ayup Wednesday, Wednesday ayup!' 🎶 Aithenkyew. 🤪 Quote
Reesh Posted July 11, 2023 Posted July 11, 2023 Eyup and Wandisco aren't fucking related barring the person who formed them, Whatever happens at Wandisco has zero effect on Eyup 1 Quote
Andyben Posted July 11, 2023 Posted July 11, 2023 Unless he's bankrupted, barred as a director or imprisoned I suppose Quote
Ozzie Posted July 11, 2023 Posted July 11, 2023 7 hours ago, Andyben said: Wait till he hears Maddie McCann was given a banana & chocolate chuppa chupps to keep quiet... Was your shirt a knock off from a dodgy market? Quote
Reesh Posted July 11, 2023 Posted July 11, 2023 2 minutes ago, Andyben said: Unless he's bankrupted, barred as a director or imprisoned I suppose The 3 companies he's been registered as a director within the last fortnight won't be happy, particularly the 2 formed in the last 5 days. Quote
Ozzie Posted July 11, 2023 Posted July 11, 2023 3 hours ago, Otto_Man said: So that's three companies then in what 40 years? Just one after the other isn't it? Be more than 3 isn't it? Crosby Kitchens, Finlux, Sanderson, VT Plastics, Elev8... Quote
Otto_Man Posted July 12, 2023 Posted July 12, 2023 12 hours ago, Ozzie said: Be more than 3 isn't it? Crosby Kitchens, Finlux, Sanderson, VT Plastics, Elev8... Company's fold all the time without being dodgy. I accept Land of Fire was a bit nutty, but even then I think MM and even Mamadov were under the impression it was happening until it wasn't. Bigger clubs than us were reeled in by that one. Quote
Ozzie Posted July 25, 2023 Posted July 25, 2023 On 12/07/2023 at 10:19, Otto_Man said: Company's fold all the time without being dodgy. I accept Land of Fire was a bit nutty, but even then I think MM and even Mamadov were under the impression it was happening until it wasn't. Bigger clubs than us were reeled in by that one. Never said they were dodgy Quote
LiamOwl Posted July 25, 2023 Posted July 25, 2023 …they are a bit though https://www.thetimes.co.uk/article/952897e2-2b11-11ee-b33d-6d3f5a636b40?shareToken=43b36ac136d791e43cbc5ddfa1c374f2 Quote
Hirstys 12th Pint Posted July 25, 2023 Posted July 25, 2023 Question is have we been paid ? If so it's a none story for us and an inter Company issue. Quote
mkowlthesexynewversion Posted July 26, 2023 Posted July 26, 2023 The Stalk financial experts are on the case I see. To cut out the crap, basically Wandisco - the group funded / agreed to pay the sponsorship deal of $362k that Eyup have with SWFC for this upcoming 2023/24 season. Whether the contract says this is paid up front in full or not - no one other than the parties will know. The financial sleuths commenting that Eyup latest accounts show not a lot, its a fucking start up - what do they expect. There is the potential for upto an additional $362k based on how the 2023/24 season goes. So my astute financial analysis suggests that cannot be determined until May 2024. I would envisage if we are mid table that will entitle us to 0% of 362k in any event. If this deal was agreed in 2022, then the accounting issues of Wandisco Group only really came to light in March this year. Following the practices of Autonomy the old Spurs sponsor that was acquired by Hewlett Packard now subject to legal proceedings. It smacks of Dave Richards forward planning Quote
mkowlthesexynewversion Posted July 26, 2023 Posted July 26, 2023 6 hours ago, Neville Facking Bartos said: Yes including a $362,691 payment to Sheffield Wednesday. Only concern for me is we’ve already spent that money in the same way we’ll borrow money against future seasons income from multi year tickets The payment in 2022 I hate to break it to you, but I suspect all the season ticket monies for 2023/24 season are long spent as well. Quote
Andyben Posted July 26, 2023 Posted July 26, 2023 8 hours ago, LiamOwl said: …they are a bit though https://www.thetimes.co.uk/article/952897e2-2b11-11ee-b33d-6d3f5a636b40?shareToken=43b36ac136d791e43cbc5ddfa1c374f2 Who reads that left wing rag.... Quote
lobster Posted July 26, 2023 Author Posted July 26, 2023 https://www.yorkshirepost.co.uk/business/sheffield-wednesday-wandisco-board-not-informed-of-ps560000-eyup-sponsorship-deal-with-club-4232338 This is going to get messy Quote
Reesh Posted July 26, 2023 Posted July 26, 2023 4 minutes ago, lobster said: https://www.yorkshirepost.co.uk/business/sheffield-wednesday-wandisco-board-not-informed-of-ps560000-eyup-sponsorship-deal-with-club-4232338 This is going to get messy And you're loving it? Closet pig!! Quote
mkowlthesexynewversion Posted July 26, 2023 Posted July 26, 2023 6 hours ago, Neville Facking Bartos said: In what way? Only issue I see is if we trigger the 2nd payment but can’t recover it The 2nd payment is contingent and good chance if we don't make the play offs or promotion it will be zero Quote
Andyben Posted July 27, 2023 Posted July 27, 2023 ...and if we do they really won't give a fuck Quote
mkowlthesexynewversion Posted July 27, 2023 Posted July 27, 2023 12 minutes ago, Neville Facking Bartos said: We don't know what it is contingent on. Considering it was a deal done when we were a League 1 club it could be due if we're a championship club at the end of this season Yes could be the case, I have no idea as had none of the experts on Stalk But they were busy shooting down the deal anyway to query the business logic of DC - when most of them wouldn't be able to run a business as a Deliveroo driver Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.