LONDON: English Second Division club Sheffield Wednesday are more than £23mil (US$43.53mil) in debt, according to the latest accounts for the year ending May 2003 released on Thursday.
The club said the loss of revenue from both the defunct pay-TV service ITV Digital and Premier League 'parachute payments’ following relegation from the top flight in 2000 were the main factors behind an operating loss of £7mil.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
