Sheffield Wednesday: Owls turnover up by Â£7m, accounts reveal
Sheffield Wednesday have today published their annual accounts for the first full year of Dejphon Chansiri's ownership of the Championship club.
Figures for the year ended May 31 2016 show the Owls’ losses have doubled. Wednesday made a pre-tax loss of £9.8m, up from £4.5m a season earlier.
Turnover rose by £7.1m to £22m during the period, an increase attributed to Wednesday reaching the Championship Play-Off Final, average league attendances at Hillsborough increasing from 21,997 to 22,641 plus improved revenue from commercial activities.
The accounts also show that the Owls’ wage bill increased rom £11.885m to £17.129m and that Thai businessman Chansiri paid £916,667 to sponsor team shirts and areas of the stadium.
Wednesday splashed the cash in the transfer market, bringing in forwards Fernando Forestieri and Gary Hooper for £3m each. They also paid significant fees for Portuguese duo Marco Matias and Lucas Joao.