Chairman Dejphon Chansiri has underlined to fans that Wednesday could be under a transfer embargo again in the months ahead and has outlined how he hopes supporters will play their part in further boosting revenues to help take the club back to the top level.
In a lengthy statement on the club’s website on Wednesday evening, Mr Chansiri warns of the continued problems over Profit and Sustainability regulations: “To make our situation 100% clear, we are not under any kind of embargo right now.
“However, if our problems cannot be solved by March when we submit our accounts to the EFL, another soft embargo is inevitable. This will become a full embargo if again the problems cannot be solved at the end of the financial year.”
Referring to possible increased revenue streams, he says: “Money is not the issue here, it is all about revenue, that is the difference.
“I have done everything I can in my power. This is why I launched Club 1867 last time and this is why I will launch a new version of Club 1867 again, with pricing and structures to enable as many fans as possible to help avoid the problems we could face again.”
He adds: “Since I am here I have wanted trust. I want our fans to show it is not just my money they want me to spend. Now is the time for everyone to come together and show trust and not just give the word. We can make our club the very best.
“I have never asked anyone who cannot afford to buy anything for even one penny. To those who invested in Club 1867, I say thank you for supporting me without thinking of worth. I can also think of worth myself but I do not wish to do that, I want to finish the job I started but we have a problem that we can only solve together.
“If our fans really trust me, we will go together for the next part of the 1867 campaign and I truly hope we will be a great team.”
Talking about his investment into the club, Mr Chansiri says: “I have never thought about worth or value to myself or my family since I am here, I have never had one penny from Wednesday.
“I have always put our fans first and never thought about business because that would conflict with the ambitions and emotions everyone connected to our club has.
“Throughout my life, I have never done business before like this. Normally, a business will think of profit first but if we want to stay in this division and also have a chance of promotion, this is impossible and I understand that.”
He adds: “Some people think I want promotion to make a profit but the investment required to stay in the Premier League makes that impossible and it was never my intention anyway.
“It would probably take four or five years in the Premier League to break even and then more before anyone could even think about profit. So as an owner, until many years down the line, I lose either way.
“But I do not have a problem with that, I knew this would be the case when I bought our club.”
The full statement is on the club website.