Sheffield Wednesday: Dave Jones must take care over player cash

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DAVE Jones accepts that Wednesday must act carefully in the transfer market to keep their finances on a sound footing.

That means the Owls being unable to compete financially with the Championship’s big spenders as he hunts new players in the January window.

It follows a recent warning from chairman Milan Mandaric in the annual accounts that the club must be prudent and would face hard decisions in rebuilding after the money difficulties that preceded his reign.

Jones feels that, though spending power never guarantees success, it and a large wage budget can sometimes dictate league placing.

“If you look at the Championship, there are teams having a right go (financially) - we can’t compete with that,” he said.

“We have to look at different ways and cut our cloth accordingly.

“With the financial fair play rules coming in (for the start of the 2013-14 season), if you spend vast amounts of money you might be in all sorts of trouble. People forget it is a business. There are no deep pockets sometimes. There are a lot of clubs on the verge of administration; this club doesn’t want to go back to those days. It will go back to those days if we don’t do it properly.”

Jones received inquiries about players yesterday and made some of his own: “I’ll continue to do that,” he said.

He expects the final week of the month to be the busiest time in the market - “when everybody knows what they can get in or out and what they’ve got to spend.

“We are looking far afield, not just in this country, which is what I would expect and what the chairman would expect.”