Is Chansiri's asking price too high?
"It's basically a disgrace. It should never have got to this situation."
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BBC Radio Sheffield's Football Heaven hosts special guests including Bennett, Clive Betts MP, former owner Milan Mandaric and Daily Telegraph journalist Mike McGrath to talk about the financial turmoil surrounding Sheffield Wednesday under current owner Dejphon Chansiri.
The episode was recorded before the club was handed restrictions over spending in the next three transfer windows after failing to pay staff wages on time.
With Chansiri seemingly unwilling to sell the club for less than £100m, many Owls fans are beginning to worry that the Thai businessman has unrealistic expectations.
But while some see Chansiri's valuation as an inflated price, according to football finance expert Professor Dan Plumley the devout fan base and potential of Premier League football does make the purchase price "tricky".
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"What we often miss in club takeovers is the sell of the upside," Plumley said.
"That's where you can start to stretch those valuations and we can have an argument about whether they are realistic or unrealistic in the context of the finances - but with a football club, you are buying into that other side of things as well."
Watch the full radio special on BBC iPlayer.
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Politico
2 hours ago
- Politico
Who lobbies for each side of the conflict between Cambodia and Thailand
With help from Daniel Lippman CAMBODIA STEPPED UP LOBBYING THIS SPRING: The leaders of Thailand and Cambodia announced today that they have agreed to end the fighting that broke out on the countries' border last week, killing dozens and displacing hundreds of thousands of civilians. Over the weekend, President Donald Trump had announced a pause on trade negotiations with both countries pending resolution of the conflict — a threat that endangered both countries' efforts to avoid being hit with steep tariffs at the end of the week. — The 'immediate and unconditional' ceasefire, if it holds, would bring to an end what The New York Times reports was the deadliest clash between the Southeast Asian neighbors in decades and lead to resumed trade talks — a priority that has pushed both sides to seek out new lobbying help in Washington. — The Cambodian Embassy in March inked a 15-month contract with Don Benton, a former Washington State legislator who worked on Trump's first transition team, according to DOJ filings. The Vogel Group's Matt Keelen has also been working with Benton as an independent contractor, according to DOJ filings. — For a monthly fee of $38,000, Benton's firm, National Consulting Services, aims to 'position the Kingdom of Cambodia as a strong friend to the United States without damaging the Kingdom's good relationship and friendship with China,' filings show. — Among the firm's goals are the growth of the Congressional Cambodia Caucus, a future CODEL to Cambodia, and working to 'refute any claims that may harm the Kingdom's image or trading status.' Throughout the spring, NCS circulated fact sheets on who provides foreign aid to Cambodia, the structure of the Cambodian government and where Cambodian Americans are concentrated throughout the U.S. — Meanwhile in April, the embassy tapped Qorvis, which has provided PR services to boost Cambodia's travel and tourism industries since 2021, to offer a crash course on U.S. diplomacy and messaging, DOJ filings show. — One training was set to focus on the Trump administration, while others were to focus on members of Congress, committees and staffers; U.S. media and online platforms; and think tanks and academia, per disclosure filings. — The embassy has also worked with a team of more than a dozen lobbyists at Akin Gump Strauss Hauer & Feld since 2022, DOJ filings show. — The filings show the firm helped coordinate a trade mission by Cambodia's deputy prime minister to San Francisco last fall, worked to facilitate a call between Trump and Cambodia's prime minister following the election and set up a meeting with the office of Sen. Alex Padilla (D-Calif.) in May when Cambodian officials were in town for trade talks with the Trump administration. — The arsenal of lobbyists working for the Cambodian government in Washington dwarfs the Thai government's representation in the U.S. Thailand maintains tourism promotion offices in New York and Los Angeles, while the country's Civil Aviation Authority registered a pair of lobbyists earlier this year to coordinate with U.S. officials on events like the 2034 Olympics, according to filings. — Apart from that, Thailand's government has no outside representation in D.C., according to a PI review of disclosure filings. That appears likely to change, however. After facing pressure from Thai business leaders earlier this year, Thai Finance Minister Pichai Chunhavajira announced last month that the government had hired lobbyists in the U.S. to help advise Thailand in trade negotiations, according to a local news outlet. PI has yet to see any registrations, though, and the Thai Embassy did not respond to a request for more information. Happy Monday and welcome to PI. Were you hired by the Thai Embassy or do you have any leads on who was? Drop me a line. Add me on Signal at caitlinoprysko.17, email me at coprysko@ and be sure to follow me on X: @caitlinoprysko. DANS WITH THE ONES WHO BROUGHT YA: 'A chief architect of Project 2025, Paul Dans, is launching a Republican primary challenge to Sen. Lindsey Graham in South Carolina, joining a crowded field that will test the loyalties of President Donald Trump and his MAGA movement in next year's midterm election,' The Associated Press' Lisa Mascaro and Meg Kinnard report. — 'Dans told The Associated Press the Trump administration's federal workforce reductions and cuts to federal programs are what he had hoped for in drafting Project 2025. 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PENTA-GONE: 'A wide swath of Defense Department officials fear that new rules banning employees from participating at think tank and research events — a key way the Pentagon delivers its message and solicits feedback — will leave the military muzzled and further isolated from allies,' POLITICO's Jack Detsch, Paul McLeary and Felicia Schwartz report. — 'The move, according to more than a dozen officials and think tank leaders, hampers the department's ability to make its case both in Washington policy circles and to allies struggling to understand how they fit into President Donald Trump's worldview. That's particularly important now as the Pentagon assesses whether to end decades of U.S. policy and remove thousands of troops stationed abroad.' Jobs report — DeFi Education Fund is adding Ayana Dow as senior counsel and Talia Davis as vice president of government relations. 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Boston Globe
3 hours ago
- Boston Globe
Thailand and Cambodia agree to halt fighting that has killed dozens
Advertisement In the Thai province of Surin, Siriwut Wongcharoen, 59, a local official, who spoke by phone from a bunker in a temple where he was sheltering, said he was skeptical that the fighting would stop. He said he was still hearing gunshots as of Monday evening. 'I'm not leaving this bunker yet, as I don't feel confident enough,' Siriwut said. 'I will wait for another one to two days.' The talks in Putrajaya were organized by Malaysian and US officials, at the official residence of Prime Minister Anwar Ibrahim of Malaysia. Edgard Kagan, the US ambassador to Malaysia, was the top US diplomat in the meeting. Anwar announced several steps aimed at easing tensions, including an informal meeting between military commanders from Thailand and Cambodia at 7 a.m. Tuesday. If both sides agree, the talks would be followed by two additional sessions: one involving military attaches, led by Malaysia, and another set for Aug. 4, to be hosted by Cambodia. Advertisement Chinese diplomats attended as observers, according to Malaysian officials. The United States and China, both of which have strategic and economic interests in Thailand and Cambodia, have ratcheted up pressure on the Southeast Asian nations to halt the fighting. On Saturday, President Trump said he had spoken to both leaders and that US officials would not negotiate trade deals with either country unless the fighting stopped. The clashes continued through Sunday and early Monday. After the deal was announced, Trump said he spoke with both Phumtham and Hun Manet, and instructed his trade team to restart negotiations. 'I have now ended many Wars in just six months -- I am proud to be the president of PEACE!' Trump wrote in a post on Truth Social. Trump's threat may have been the reason Bangkok ultimately accepted mediation rather than direct talks with Cambodia, which it had earlier demanded, said Matthew Wheeler, senior analyst for Southeast Asia at the International Crisis Group. Trump recently set a new deadline of Friday for 12 nations, including Thailand and Cambodia, to reach trade deals with the US government, saying he would otherwise impose tariffs of 36 percent on US businesses that import their goods. The Thai 'government has been losing popularity because it has failed to revive the economy,' Wheeler said. 'A deal to avoid the US tariffs is by no means certain, but the Thai government needed to give itself every opportunity.' Advertisement It was unclear if Monday's agreement would lead to a genuine truce. There were no public announcements about how the cease-fire would be enforced as well as who would verify if it was being upheld. And nationalist feelings are still running high on both sides. Cambodia said last week that it had agreed to a cease-fire brokered by Malaysia but accused Thailand of reneging on the deal. Thailand responded by saying that any cease-fire had to be based on 'appropriate, on-the-ground conditions' and that Cambodia's continued attacks showed a lack of good faith. As of Monday, the death toll exceeded that from the last outbreak of deadly battles between the two countries, from 2008 to 2011, in which 34 people were killed, according to an academic paper. This latest round of clashes erupted after two months of tension over contested territory. Both sides continued to accuse the other of carrying out attacks. In a late-morning news conference, Lieutenant General Maly Socheata, a spokesperson for Cambodia's Defense Ministry, said Thai forces had fired at two ancient temples that are claimed by both Thailand and Cambodia, starting at 3 a.m. She said Thailand had deployed planes to fire rockets and was 'still aggressively attacking' Cambodia. Thailand's Foreign Ministry did not immediately respond to a request for comment. Some Cambodians have fled to the homes of family members and friends in Siem Reap, the site of the ancient Angkor Wat temple complex. Siem Reap has been untouched by the violence, but at Hindu and Buddhist shrines around Angkor Wat, people have held ceremonies to pray for a quick resolution to the war. Advertisement On Sunday, after Trump announced his diplomatic intervention, residents began talking in hopeful terms of a US role in prodding the warring governments toward a ceasefire. The State Department said Sunday that Secretary of State Marco Rubio had spoken with the top diplomats of both Thailand and Cambodia. 'The United States applauds the ceasefire declaration between Cambodia and Thailand announced today in Kuala Lumpur,' Rubio said in a statement Monday. 'President Trump and I are committed to an immediate cessation of violence and expect the governments of Cambodia and Thailand to fully honor their commitments to end this conflict.' Some analysts see diplomacy around the war as partly a test of American and Chinese influence in Southeast Asia, where Washington and Beijing are competing for dominance in military, economic and diplomatic spheres. Thailand is a US treaty ally and hosts dozens of military exercises with the United States; China is the largest trading partner of both Thailand and Cambodia, which hosts a naval base largely funded by Beijing. Nations in the region prefer to balance relations with both superpowers rather than be compelled to choose one side. This article originally appeared in
Yahoo
13 hours ago
- Yahoo
Thailand, Cambodia Reach Ceasefire in Deadly Border Clash After Trump Trade Threat, Anwar Push
(Bloomberg) -- Thailand and Cambodia agreed Monday to halt five days of fighting along their disputed border that's killed at least 36 people, after President Donald Trump's tariff threats accelerated a regional push for a diplomatic solution. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Budapest's Most Historic Site Gets a Controversial Rebuild Trump Administration Sues NYC Over Sanctuary City Policy Thailand's Acting Prime Minister Phumtham Wechayachai and Cambodian Prime Minister Hun Manet reached the agreement during talks in Malaysia hosted by Prime Minister Anwar Ibrahim, acting in his capacity as the chair of the Association of Southeast Asian Nations. Envoys from Washington and Beijing were also at the talks, but their roles weren't immediately clear. 'Both Cambodia and Thailand reached a common understanding,' Anwar said after the talks. 'This is a vital first step toward a de-escalation and the restoration of peace and security.' An 'immediate and unconditional' ceasefire will be effective from midnight into Tuesday local time, he added, and regional military commanders would meet at 7 a.m. The Thai baht erased losses of as much as 0.2% after the announcement, to trade flat at 32.39 to a dollar in thin holiday trading. In a joint statement issued after the talks, the three nations said their foreign ministers and defense ministers 'have been instructed to develop a detailed mechanism for the implementation, verification, and reporting of the ceasefire. This mechanism will serve as a foundation for sustained peace and accountability.' The two sides also agreed to move ahead with a meeting of their so-called General Border Committee on Aug. 4 in Cambodia. The talks were the first formal dialogue since fresh clashes erupted on July 24, which displaced more than 150,000 civilians on both sides of their 800-kilometer (500-mile) border. Tensions escalated rapidly over the weekend and into Monday as heavy artillery fire and aerial strikes were reported, and both sides accused each other of targeting civilian areas. Trump had said before the discussions that the Thai and Cambodian leaders had agreed to 'quickly work out a ceasefire.' After separate calls with Phumtham and Hun Manet on Saturday, Trump had threatened that Washington would not reach trade deals with either as long as the fighting continued. In their remarks after the meeting, both Phumtham and Hun Manet thanked Anwar and Trump, as well as China, for helping reach the ceasefire. Prior to the talks, Thailand had insisted that any ceasefire must include troop withdrawals, an end to lethal force and an agreement to resolve conflict through bilateral mechanisms. Cambodia, by contrast, maintained its support for an unconditional end to hostilities. The current conflict traces its roots to long-standing disputes stemming from colonial-era maps and treaties that defined the two countries' boundaries. Relations had remained relatively stable since a 2011 clash that left dozens dead, but renewed tensions have triggered fears of escalated fighting. Trump threatened to block trade deals with both countries unless the violence stopped. 'We're not going to make a trade deal unless you settle the war,' Trump said Sunday, adding that both leaders expressed willingness to negotiate after speaking with him directly. Secretary of State Marco Rubio said earlier that US officials are on the ground in Malaysia 'to assist these peace efforts.' A representative of China, the top trading partner for both Southeast Asian nations and a major backer of Phnom Penh, also participated in the talks Monday. China's embassy in Bangkok said in a statement that Beijing 'will adhere to the neutral and impartial position, continue to communicate closely with Cambodia and Thailand, and actively promote negotiations. and play a constructive role in pushing for a ceasefire and an end to hostilities.' The joint statement after the talks said the meeting had been 'co-organised by the United States of America with the active participation of the People's Republic of China' With Trump's Aug. 1 tariff deadline looming, trade-reliant Thailand wants to avoid antagonizing the US president, especially as its officials have been holding talks to lower the steep 36% planned levy on its exports. Trump has claimed credit for helping halt border clashes earlier this year between India and Pakistan by leveraging trade measures. It's an assertion India has consistently denied but Pakistan has embraced. Thailand's trade talks with the US have included offering expanded access for American goods to narrow a $46 billion trade surplus. Neighboring Indonesia, the Philippines, and Vietnam have already secured trade deals with the US in recent weeks. 'President Trump's pressure tactic seems to be working as both the Thai and Cambodian governments are struggling economically,' said Tita Sanglee, associate fellow at the ISEAS-Yusof Ishak Institute in Singapore. 'Failure to lower Thailand's tariff rate will be politically costly.' But yielding to a ceasefire agreement when the Cambodian threat to take the territorial disputes to the International Court of Justice is still alive, won't likely be accepted by the Thai public or the military, she said. Cambodia has said it wants the court to help settle the disputed status of four border areas, after a skirmish broke out in May. Thailand doesn't recognize the court's jurisdiction. (Updates with market reaction in fifth paragraph.) 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