According to The Sun, Sheffield Wednesday owner Dejphon Chansiri fears the financial impact of relegation to League One as the Owls lose four in a row.
The Owls started the campaign with Garry Monk in charge and a points deduction.
Chansiri later sacked Monk, claiming he hadn’t met his target by the November international break after picking up just 12 points from the opening 11 games.
Tony Pulis was quickly named as Monk’s successor. But the Welshman lasted only nine games in charge, collecting just one win and six points to leave the Owls in trouble.
Chansiri later told reporters he had received dozens of applicants for the job in January.
One candidate, Paul Cook, told Talksport’s EFL show how he applied for the job in October and was still keen to take the reigns at Hillsborough after receiving ‘overwhelming’ support.
But Chansiri has bizarrely opted to stick with caretaker boss Neil Thompson.
The Sun now claim the Owls owner has scared off potential candidates because he is only willing to offer short-term deals. It is said he fears the financial impact of relegation to League One, and perhaps is wary of having to dismiss another manager on a long-term contract should Wednesday get the decision wrong.
It’s a gamble. But so is remaining with Thompson who is evidently inexperienced.
The Owls started to pick up some form under Thompson, winning five straight games at home. But a run of four straight losses now leaves them bang in trouble.
Wednesday’s latest defeat was demoralizing. The Owls were 2-0 up at half-time and dominating a lacklustre Luton Town, only to surrender their lead and fall to a 3-2 defeat.
Wednesday are now six points from safety. Next up is a Yorkshire derby against Rotherham United at home – a game the Owls simply must win in their bid to beat the drop.