Latest news with #Chansiri
Scottish Sun
13-07-2025
- Business
- Scottish Sun
Sheffield Wednesday owner owes MILLIONS in football debts that will have to be paid by whoever buys club
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) SHEFFIELD WEDNESDAY owner Dejphon Chansiri owes more than £4million in football debts — which will have to be paid by whoever buys the club. The extent of the cash woes has emerged during takeover bids by several groups in recent weeks. Sign up for Scottish Sun newsletter Sign up 3 Sheffield Wednesday owner Dejphon Chansiri owes more than £4m in football debts Credit: Getty The Owls are already under embargo for missing pay days for players and failing to settle transfer bills. But the biggest snag is the taxman, with HMRC due a huge £2.2MILLION for June and July. There seems little scope for a deal there, so the cash will have to be found or serious action could come Wednesday's way. Chansiri hopes to raise funds by selling Djeidi Gassama to Rangers and Anthony Musaba to Turkish side Samsunspor. READ MORE IN FOOTBALL CASH WEDNESDAY Sheff Wednesday in advanced takeover talks with wealthy Donald Trump ally US sports entrepreneur Tilman Fertitta, 68, has made an offer to Chansiri. The cost of the deal is being kept secret and will be subject to the usual due diligence phase. Fertitta may lodge cash to help settle some bills in the short term as the process is bound to take weeks. But he seems a far more credible candidate than many who have chased the Yorkshire club ownership. 3 Fans have protested against Chansiri and pleaded with him to sell the club Credit: Getty 3 American entrepreneur Tilman Fertitta has submitted an offer to Chansiri Credit: Getty BEST FREE BETS AND BETTING SIGN UP OFFERS Fertitta has a basketball team in Houston, is an ally of Donald Trump, and is seen as a leading expert in business and sport. Chansiri says he is willing to sell the club to 'the right individual, or group, to take it forward'. Sky Sports reporter soaked on live TV by sprinkler ahead of pre-season friendly The club's dire financial situation is now having an impact on a sporting level after six stars reportedly handed in notices, with Chansiri refusing to inject any more cash into the coffers. While manager Danny Rohl hasn't returned to pre-season training and is seeking a way out of his contract amidst interest from other clubs.
The Irish Sun
13-07-2025
- Business
- The Irish Sun
Sheffield Wednesday owner owes MILLIONS in football debts that will have to be paid by whoever buys club
SHEFFIELD WEDNESDAY owner Dejphon Chansiri owes more than £4million in football debts — which will have to be paid by whoever buys the club. The extent of the cash woes has emerged during takeover bids by several groups in recent weeks. Advertisement 3 Sheffield Wednesday owner Dejphon Chansiri owes more than £4m in football debts Credit: Getty The Owls are already under embargo for But the biggest snag is the taxman, with HMRC due a huge £2.2MILLION for June and July. There seems little scope for a deal there, so the Chansiri hopes to raise funds by selling Djeidi Gassama to Advertisement READ MORE IN FOOTBALL US sports entrepreneur Tilman Fertitta, 68, The cost of the deal is being kept secret and will be subject to the usual due diligence phase. Fertitta may lodge cash to help settle some bills in the short term as the process is bound to take weeks. But he seems a far more credible candidate than Advertisement Most read in Football Exclusive 3 Fans have protested against Chansiri and pleaded with him to sell the club Credit: Getty 3 American entrepreneur Tilman Fertitta has submitted an offer to Chansiri Credit: Getty BEST FREE BETS AND BETTING SIGN UP OFFERS Fertitta has a basketball team in Houston, is an ally of Donald Trump, and is seen as a leading expert in business and sport. Advertisement Chansiri says he is willing to sell the club to 'the right individual, or group, to take it forward'. Sky Sports reporter soaked on live TV by sprinkler ahead of pre-season friendly The club's dire financial situation is now having an impact on a sporting level after While manager
Daily Mirror
01-07-2025
- Business
- Daily Mirror
Sheff Wed on the brink as players and staff go unpaid again in deepening crisis
One of England's oldest football clubs is facing the most uncertain of futures with some players able to hand in their notice following a second successive month of failed payment Sheffield Wednesday are teetering on the edge of oblivion after players and staff at Hillsborough were not paid their June salaries on time. It represents a second month in a row, and the third in the last four, that the club has suffered payment issues. Back in March, players and some backroom staff did not receive their wages on pay day, albeit they were settled in the nick of time to avoid a registration embargo. Owls owner Dejphon Chansiri warned the situation could arise again, and despite satisfying his April obligations, it has. Players again went unpaid in May, with the issues affecting the wider workforce. While some stars were paid at a later date, there are still others whose May money is outstanding, with the June pay date having now passed as well. Wednesday players and staff are paid on the final day of every month, but The Mirror understands only the club's Under-21s received their salaries. Staff from all departments have been affected, with email correspondence thanking them for their 'patience and understanding' and hoping the situation would be resolved in the coming days. READ MORE: EFL fixtures: Every Championship match, date, kick-off time and opening weekend TV games for 2025-26 READ MORE: John Textor considers buying Championship crisis club after selling Crystal Palace stake Staff and players have been reassured that they will receive monies owed in full, but with no timescale. Any players that have gone unpaid for both May and June are now in a position to submit their notice. Wednesday would then be given 15 days to satisfy their payment obligations to retain control of their assets. The club has now been served a registration embargo by the EFL, and are restricted from paying either transfer or loan fees for the next three windows. Wednesday are unable to sign new players on more than £7,000-a-week while ever there are payment obligations to fulfil. Even then, they would still need to pay HMRC after the club also defaulted on tax payments, before they can bring in any new blood. The current situation marks the culmination of a decade of chaos under Thai tuna magnate Chansiri, who now surely knows he is in the end game as Hillsborough chief. He has garnered a reputation as being notoriously difficult to deal with in both transfer and other business negotiations during his tumultuous reign at S6, making any prospective takeover problematic to facilitiate. Chansiri has knocked back two offers from a Florida-based consortium made up of business people and professional athletes. The group includes Adam Shaw, a lifelong Wednesday fan from the Steel City who has made his money Stateside. In a rambling, 800+ word statement last week, Chansiri criticised the professionalism of the group and alluded to them not having the funds required in his opinion to further the club leaving a deal seemingly dead in the water. There are interests from other quarters in purchasing the Owls, including from John Textor, the recently departed part-owner of Crystal Palace, and glances from the Middle East. But Chansiri is asking for what most deem to be an unrealistic price for the acquisition. And while ever the current issues remain, prospective buyers would be wise to bide their time as the value of the club plummets further, with administration a realistic possibility. Players did return for pre-season last week, but with work on the training ground still ongoing, they are restricted to what they can do indoors. There are also suggestions of issues with the North Stand at Hillsborough, with work required on the structure to guarantee its long-term safety. A particular bone of contention with fans is the future of skipper Barry Bannan who, as of July 1, is now officially a free agent. Having signed in the summer of 2015, Bannan has made 447 appearances for the Owls and has written his name into club folklore becoming one of its most synonymous players in over 150 years of history. Bannan agreed a deal in principle to stay at Hillsborough before the most recent debacle and has undertaken coaching badges which could even see him stay beyond the end of his playing days. It is unclear as to whether the current £7,000-a-week restriction would apply to him given he was under contract with the club last season. The same also applies to defender Akin Famewo and utility man Callum Paterson, who have both been offered new deals. Bannan did report for training last week and is understood to be keen on staying at Wednesday in spite of the chaos. But if the situation is removed from his hands and Wednesday fans are not afforded the opportunity to give him a proper send-off, it will be a particularly difficult pill to swallow. While there has been no indication of when the current financial malaise will be settled, Wednesday are due some payments which could ease matters. Academy star Caelan-Kole Cadamarteri, son of ex-Everton favourite Danny and brother of current Owls striker Bailey, is going to Manchester City for a fee of £1.5milllion, seven figures of which are understood to be up-front. The club will also receive TV money and solidarity payments from the EFL in the coming weeks, although exact dates are unclear. These funds could keep the lights on and ensure Wednesday start the season, but the can would ultimately be kicked down the road. On the pitch, the Owls enjoyed a season of progress last term under highly-rated German boss Danny Rohl. Having kept them in the second tier from a seemingly impossible position in 2023-24, Rohl led the club to a top-half finish. But he has courted himself to clubs in England and Germany over the summer and has not reported back for pre-season having told senior players at Wednesday he will be leaving the club. Rohl still has a year remaining on his contract but is understood to be in negotiations with the Hillsborough hierarchy over a severance package. Leicester are the latest club to linked with his services and an official approach could hasten his exit, and deliver some much needed funds. All of Rohl's backroom staff are out of contract as of July 1. Danish assistant Henrik Pedersen has been linked with the manager's role and is understood to be keen on the job having moved his family and settled in the Steel City. But the current wage debacle could put paid to that, with new Brentford boss Keith Andrews interested in adding Pedersen to his backroom staff in West London. Wednesday are the fifth-oldest club in the top four tiers of English football, four-time league champions, three-time FA Cup winners and won the League Cup as recently as the 1990s. But this grand old institution is on the brink of complete collapse.
Daily Mirror
18-06-2025
- Business
- Daily Mirror
Milan Mandaric, 86, to launch rescue bid for crisis-hit Sheffield Wednesday
Former Sheffield Wednesday chairman Milan Mandaric is set to fly back to the UK next week to bid for the troubled Owls as he claimed the financially-stricken club were in danger of being "destroyed" by current owner Dejphon Chansiri. The 86-year-old owned the club between 2010 and 2015 before selling to Chansiri for around £37.5million and has had little involvement in football since - after previously running Portsmouth and Leicester City. The Hillsborough club are in turmoil after being banned from spending for the next three windows after a failure to pay player wages. It caps off a turbulent decade under Chansiri's rule that has seen a six-point deduction in 2020 for breaching the EFL's financial rules and he has received a huge backlash from supporters. Chansiri has already rejected a £48m bid from an American consortium, who have promised to build a 55,000-seater stadium - leading a local MP to accuse the owner of "holding the club hostage". Now Mandaric insists he wants to "rescue" the club from any more trouble as he admitted he would have no trouble telling it like it is when he holds talks with Chansiri. He told BBC Radio Sheffield: "It needs a big rescue now - all of us who love football and love Sheffield [Wednesday] have no doubt about that. "I am going to definitely try to see him [Chansiri] with my people and be very straight in telling him that he is going to destroy the club unless he lets new people like me get involved. I'm going to meet in London, I'm arriving there next week and I'm going to talk to some people about that, I have a plan to do so. "I have my ex-manager who was there, Paul Aldridge, and John Redgate, who all worked for me - they know what's going on. And I want to see what could be a possibility to takeover that club. I would have to get involved if I'm going to bring somebody, I'd have to get involved myself - I have no problem with that. "There are two things, you have to find the right person, but more importantly you have to have Mr Chansiri to agree on that - and that's the difficult part. He doesn't want to sell it, he's asking a crazy price - he will never get over £100m as I understand… He'll be an obstacle no matter what we try to do." Mandaric added that he sold the club to Chansiri after he "gave all the commitments that he's got the money and the desire" but accused him of "taking the wrong direction and the wrong advice". In addition to the EFL charges against the Owls, separate charges have been brought against Chansiri over "non payment of wages in March 2025 and May 2025". Earlier this month, Sheffield South East MP Clive Betts hit out at Chansiri's "appalling" behaviour and said: "He must accept that he needs to sell Wednesday to prevent the complete collapse of the club … we as fans deserve better. "It breaks my heart to see the club I have followed all my life being held hostage by an owner who clearly has no interest or care for us. It is clear that Chansiri does not have the ability or resources to fund and invest in Sheffield Wednesday." Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
Yahoo
18-06-2025
- Business
- Yahoo
Is Chansiri's asking price too high?
"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." Advertisement 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". Advertisement "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.
