New update on Sheffield Wednesday takeover crisis from Dejphon chansiri

Dejphon Chansiri’s stance on selling Sheffield Wednesday reportedly remains unchanged despite the intense and growing pressure from supporters, the EFL, and HMRC. The club’s situation has gone from bad to worse in recent months, leaving fans deeply frustrated and fearful for the future of one of England’s most historic football institutions.

 

Mounting Crisis at Hillsborough

 

Under Chansiri’s ownership, Sheffield Wednesday have been plunged into a full-blown crisis. The club is currently facing a three-window transfer ban, preventing them from paying any transfer fees due to repeated delays in paying player and staff wages. On top of that, the Owls are under five separate EFL embargoes, the result of various breaches of financial regulations.

 

To make matters worse, reports suggest that HMRC is preparing to issue a winding-up petition against the club over an unpaid £1 million tax bill. It’s also believed that Wednesday owe an additional six-figure debt, while questions persist over whether Chansiri has settled or renegotiated the £7.4 million stadium loan that looms over Hillsborough.

 

If the Thai businessman fails to repay the HMRC debt, administration may be his only remaining option — a move that would automatically trigger a 12-point deduction. Such a penalty, combined with the existing threat of another points deduction for wage delays, could be catastrophic for the team’s survival in the EFL. However, administration could also accelerate a potential sale, something that many fans now view as the only realistic escape route.

 

Interest in a Takeover – But Negotiations Stalled

 

Despite the deepening financial turmoil, several parties remain interested in buying Sheffield Wednesday. Among them is John Textor, the former Crystal Palace co-owner, who recently confirmed that he is still keen on striking a deal. Additionally, former Newcastle United owner Mike Ashley and businessman David Richards are said to be monitoring developments closely.

 

However, negotiations have been fraught with difficulty, as Chansiri’s approach to talks has proven to be a major stumbling block. According to The Star, many prospective buyers have “walked away frustrated” due to a lack of clarity and direction. No fixed asking price has been communicated, and the process has been described by one insider as “confused and chaotic.”

 

One source with experience in European football takeovers revealed that his US-based consortium had tried to contact Chansiri through a third party, but their efforts were met with silence.

 

> “We introduced a very credible American group, well-funded and with serious sporting interests,” the source explained. “Chansiri just refused to speak to them. It was bizarre — calling it a ‘process’ is being generous. Nobody knows what his asking price actually is. The Americans walked away, saying they’d rather wait for administration.”

 

 

 

Unrealistic Valuation and Dire Prospects

 

Reports claim that Chansiri is demanding £100 million for Sheffield Wednesday — a figure widely considered unrealistic given the club’s current state. The anonymous insider argued that a more reasonable valuation would be around £30 million, taking into account the debts, infrastructure concerns, and the cost of rebuilding the playing squad.

 

> “There are three possible outcomes,” he continued. “Either Chansiri suddenly finds a large sum of money to stabilize things — which seems unlikely — or he sells at a realistic price, around £30 million. If neither happens, the club will simply run out of money and fall into administration. At this rate, that seems the most probable scenario.”

 

 

 

While administration would be far from ideal, it could reset the club’s structure, remove Chansiri from control, and make Wednesday more attractive to new investors. “There would absolutely be interest in buying the club post-administration,” the source added. “But the longer Chansiri clings on, the worse it gets.”

 

Fans Losing Patience

 

Frustration among supporters has reached boiling point. Thousands of fans boycotted Wednesday’s 1-0 home defeat to Middlesbrough, and further protests are planned as pressure mounts on Chansiri to step aside. Yet, despite the outrage, the owner appears unmoved and unwilling to change his stance.

 

Many fans now believe that Chansiri has no genuine intention of selling, seeing his erratic behaviour and unrealistic demands as evidence that he is determined to retain control at all costs. With no serious takeover talks currently progressing, and the club’s financial health deteriorating rapidly, administration is increasingly seen as inevitable.

 

A Club on the Brink

 

If Chansiri refuses to compromise — by either lowering his asking price or engaging meaningfully with potential buyers — Sheffield Wednesday’s future looks bleak. Each passing week deepens the crisis, leaving loyal supporters to watch helplessly as their beloved club teeters on the edge of collapse.

 

For now, Hillsborough remains trapped in a painful limbo — caught between an owner unwilling to let go and

Dejphon Chansiri’s stance on selling Sheffield Wednesday reportedly remains unchanged despite the intense and growing pressure from supporters, the EFL, and HMRC. The club’s situation has gone from bad to worse in recent months, leaving fans deeply frustrated and fearful for the future of one of England’s most historic football institutions.

Mounting Crisis at Hillsborough

Under Chansiri’s ownership, Sheffield Wednesday have been plunged into a full-blown crisis. The club is currently facing a three-window transfer ban, preventing them from paying any transfer fees due to repeated delays in paying player and staff wages. On top of that, the Owls are under five separate EFL embargoes, the result of various breaches of financial regulations.

To make matters worse, reports suggest that HMRC is preparing to issue a winding-up petition against the club over an unpaid £1 million tax bill. It’s also believed that Wednesday owe an additional six-figure debt, while questions persist over whether Chansiri has settled or renegotiated the £7.4 million stadium loan that looms over Hillsborough.

If the Thai businessman fails to repay the HMRC debt, administration may be his only remaining option — a move that would automatically trigger a 12-point deduction. Such a penalty, combined with the existing threat of another points deduction for wage delays, could be catastrophic for the team’s survival in the EFL. However, administration could also accelerate a potential sale, something that many fans now view as the only realistic escape route.

Interest in a Takeover – But Negotiations Stalled

Despite the deepening financial turmoil, several parties remain interested in buying Sheffield Wednesday. Among them is John Textor, the former Crystal Palace co-owner, who recently confirmed that he is still keen on striking a deal. Additionally, former Newcastle United owner Mike Ashley and businessman David Richards are said to be monitoring developments closely.

However, negotiations have been fraught with difficulty, as Chansiri’s approach to talks has proven to be a major stumbling block. According to The Star, many prospective buyers have “walked away frustrated” due to a lack of clarity and direction. No fixed asking price has been communicated, and the process has been described by one insider as “confused and chaotic.”

One source with experience in European football takeovers revealed that his US-based consortium had tried to contact Chansiri through a third party, but their efforts were met with silence.

> “We introduced a very credible American group, well-funded and with serious sporting interests,” the source explained. “Chansiri just refused to speak to them. It was bizarre — calling it a ‘process’ is being generous. Nobody knows what his asking price actually is. The Americans walked away, saying they’d rather wait for administration.”

 

Unrealistic Valuation and Dire Prospects

Reports claim that Chansiri is demanding £100 million for Sheffield Wednesday — a figure widely considered unrealistic given the club’s current state. The anonymous insider argued that a more reasonable valuation would be around £30 million, taking into account the debts, infrastructure concerns, and the cost of rebuilding the playing squad.

> “There are three possible outcomes,” he continued. “Either Chansiri suddenly finds a large sum of money to stabilize things — which seems unlikely — or he sells at a realistic price, around £30 million. If neither happens, the club will simply run out of money and fall into administration. At this rate, that seems the most probable scenario.”

 

While administration would be far from ideal, it could reset the club’s structure, remove Chansiri from control, and make Wednesday more attractive to new investors. “There would absolutely be interest in buying the club post-administration,” the source added. “But the longer Chansiri clings on, the worse it gets.”

Fans Losing Patience

Frustration among supporters has reached boiling point. Thousands of fans boycotted Wednesday’s 1-0 home defeat to Middlesbrough, and further protests are planned as pressure mounts on Chansiri to step aside. Yet, despite the outrage, the owner appears unmoved and unwilling to change his stance.

Many fans now believe that Chansiri has no genuine intention of selling, seeing his erratic behaviour and unrealistic demands as evidence that he is determined to retain control at all costs. With no serious takeover talks currently progressing, and the club’s financial health deteriorating rapidly, administration is increasingly seen as inevitable.

A Club on the Brink

If Chansiri refuses to compromise — by either lowering his asking price or engaging meaningfully with potential buyers — Sheffield Wednesday’s future looks bleak. Each passing week deepens the crisis, leaving loyal supporters to watch helplessly as their beloved club teeters on the edge of collapse.

For now, Hillsborough remains trapped in a painful limbo — caught between an owner unwilling to let go and a fanbase desperate for change. Unless decisive action is taken soon, administration may be the only route to salvation for Sheffield Wednesday, even if it comes at a heavy cost.

 

a fanbase desperate for change. Unless decisive action is taken soon, administration may be the only route to salvation for Sheffield Wednesday, even if it comes at a heavy cost.