Dejphon Chansiri’s ‘crazy’ decision leaves Sheffield Wednesday in ‘real danger’ of administration

Add as preferred source on Google

Everything that could go wrong for Sheffield Wednesday this summer has gone wrong, and it is all down to Dejphon Chansiri.

With only a week left until the Championship season kicks off, Sheffield Wednesday fans are worried they may not be able to field a team after watching several players jump ship.

The Owls lost wingers Djeidi Gassama and Anthony Musaba for minimal fees, while Dejphon Chansiri’s failure to pay his players on time saw Michael Smith and Josh Windass terminate their contracts.

Max Lowe has also handed in his notice and is due to depart Hillsborough by August 15, leaving their squad in complete disarray ahead of their clash against Leicester City next weekend.

Although there was some positivity about the appointment of Henrik Pedersen, who replaced Danny Rohl in the dugout, the Dane has a seismic task ahead of him and one that will only be a success if Chansiri leaves.

• READ MORE: Dejphon Chansiri slammed for ‘inexcusable’ decision as Sheffield Wednesday’s suffering continues

EFL pundit blasts Dejphon Chansiri over Sheffield Wednesday asking price

The only positive resolution is Chansiri leaving the club, but of course, that can only be made possible if a suitable buyer emerges.

Unfortunately, with Chansiri demanding £100 million for Sheffield Wednesday, no one is willing to pay such an astronomical asking price for a club in financial chaos.

It leaves the club in a constant cycle of depression, and speaking to Football League World, EFL pundit Don Goodman thinks they’re in ‘real danger’ of entering administration.

“When you imagine that a couple of years ago Leeds United were brought by the 49ers for about £170 million, that was with the likelihood of Premier League football,” Goodman said.

“And as recently as last season, Sheffield United were bought for £105 million, again with much more of a chance of Premier League football than Sheffield Wednesday have.

“Therefore, £100 million for Sheffield Wednesday is a very unrealistic figure. When you look at the playing assets that they could sell, there aren’t too many, whereas you compare that to Leeds then and Sheffield United last season, lots and lots of sellable assets, so unless he lowers the asking price, I think the club are in real danger of going into administration or even worse.”

The Sky Sports commentator rightfully pointed out that Leeds United and Sheffield United were sold for a figure similar to Chansiri’s price tag; however, both clubs were purchased with the likelihood of Premier League football.

• READ MORE: Rob Edwards reveals ‘where Middlesbrough stand’ on Hayden Hackney’s future amid Ipswich Town move

What administration would mean for Sheffield Wednesday

In June, one football finance expert suggested administration would be the ‘best outcome’ for Sheffield Wednesday, as it would allow the EFL to intervene and assist with finding a buyer.

That is an ideal scenario for Wednesday, who are desperate for the Malaysian to depart the club once and for all after the damage he has caused.

Unfortunately, that would require Chansiri to cede control, and as he’s already slashing the costs of running the football club, he will feel he does not need an administrator.

Also, it would cost him money to get one on board, and that is something he would be unwilling to do, leaving the club in a constant state of peril.