Sheffield Wednesday fans on social media have been discussing a potential takeover, following the latest Dejphon Chansiri reveal.
Earlier this week, it was revealed that Sheffield Wednesday owner Dejphon Chansiri had settled a huge amount of debt held against Hillsborough.
Chansiri has paid off £19million worth of debt, leaving himself with little under £7million to pay, and clear the debt held against Wednesday’s stadium.
It comes after a summer in which Chansiri has earned praise from fans. He got Danny Rohl tied down to a new contract and also facilitated a positive summer transfer window, with £3million being spent on Ike Ugbo alone.
Since the news about Chansiri settling so much debt, some fans have speculated on social media that Chansiri may be preparing for a possible sale, or possibly putting the club up for sale.
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Finance expert rates Sheffield Wednesday takeover chances
Whilst discussions of a possible takeover at Sheffield Wednesday are purely speculative, it does make sense.
Chansiri has pumped millions of pounds into the club over the years, yet so far, he has very little to show for it.
Now with Rohl now in place, a strong backroom team, an improving first-team squad, and a lot less debt, Sheffield Wednesday looks like more of an attractive purchase.
Giving his verdict on a possible takeover, football finance expert Adam Williams told Sheffield Wednesday News: “Clearing the decks ahead of a takeover is a strategy some owners pursue if they want to get the best possible price.
“Debt is a liability that sits on your balance sheet. The fewer encumbrances for a potential buyer, the better.
“Look at it as if you were buying a house. You may want to fix the leaking roof before putting it on the market.
“Alternatively, you could pass the cost onto the next owner, which would reduce the fee you receive but also save you from spending the money on the fix in the first place.
“It depends what Chansiri’s strategy is and whether he is looking for an exit route.
“Either way, it’s a step forward for the club. While it doesn’t necessarily imply that he is looking to sell Wednesday, it is good housekeeping and reduces the interest burden.”
Dejphon Chansiri now has options at Sheffield Wednesday
Sheffield Wednesday now, compared to this time last year, are certainly in a much better place.
And the club is no doubt a more attractive option for potential investors or buyers. All of a sudden, then, Sheffield Wednesday seem to be a club on the up.
Although league results wouldn’t suggest so, Chansiri has made really positive strides off the pitch this summer, and that may suggest that he has no interest in selling the club.
Chansiri seems determined to eventually reap some kind of reward; whether that be financial, or simply having the claim that he helped Sheffield Wednesday get back to the Premier League.
But like Williams says above, the latest news of debt against Hillsborough being reduced is good news, whatever it leads to.