Is Chansiri's asking price too high?

BBC News

18-06-2025

"The silence is killing everybody. Nobody knows what's happening; the managerial position, the wages position with the players, he's managed to pay some of the staff if not all of them," Ian Bennett of the Sheffield Wednesday Supporters Trust tells BBC Radio Sheffield."It's basically a disgrace. It should never have got to this situation."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"."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.