A long suffering supporter of Sheffield United (The Blades) I have been most concerned at the poor performance of the team this season. Yesterday's win at Millwall provided some encouragement but the club hovers just above the relegation zone.
Across the city, Sheffield Wednesday (The Owls) are performing reasonably well. However a black cloud is looming in the form of the Inland Revenue taking the Owls to court over an unpaid tax bill of £600,000. On top of that the Co-op Bank is owed £26 million by the club. What I cannot understand is why the Revenue does not act much sooner whilst amounts owing are lower. And why do banks permit football clubs to rack up the level of borrowing as has happened in this case?
What is it about football clubs which causes individuals to throw commerical logic through the window?
£600,000 is three weeks wages for many footballers in the Premier Division which in itself shows the ludicrous state of football finances. The sooner football clubs join the real world the better. It is not the role of government departments or the banks to shore up failing commercial organisations.
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