Recent news that Dejphon Chansiri has cleared a huge amount of Sheffield Wednesday debt has certainly gotten fans talking.
Earlier this week, it was revealed that Dejphon Chansiri had cleared more than £19million worth of debt held against the club’s Hillsborough stadium.
The move was hailed, and it sparked speculation on social media that Chansiri was readying for a potential sale, or takeover of the club.
Talking to Sheffield Wednesday News, football finance expert Adam Williams said that this would be a good strategy in preparing the club for a sale, but that there’s no signs of Chansiri wanting to do so.
Instead, what Chansiri might have planned for the club amid this latest debt reveal may be traced back to certain reports from earlier this year.
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Dejphon Chansiri hoping for outside investment at Sheffield Wednesday
Sheffield Wednesday under Chansiri have certainly been through the motions, with the last 12 months being the most up and down so far.
Earlier this year, Sheffield Wednesday were named Europe’s least sustainable club. Since then, Chansiri has made moves in the transfer market and off the pitch that might suggest the Owls won’t hold that title for much longer.
Fans have praised Chansiri for the work he’s done of late. And the recent news of so much debt being cleared has also been met with positivity.
Whilst it may not signal a potential takeover, it could be a precursor to Chansiri looking for outside investment at Sheffield Wednesday.
Earlier this year, it was revealed that Chansiri wanted to attract new investors at the club, to give the Owls more funding opportunities.
Dejphon Chansiri alone can’t get Sheffield Wednesday to the Premier League
Whilst Rohl and his impressive backroom team mark the foundations of a team ready to push for promotion to the Premier League, this start to the season has shown how far Wednesday remain from becoming realistic contenders.
And Chansiri and his funding alone may not be enough to get Wednesday to the top flight. Instead, Chansiri might need more investors behind the club to give Rohl and co the proper resources needed to get promoted.
After this summer; the signings and this latest debt reveal, Sheffield Wednesday are now a much more attractive potential investment, and if results on the pitch improve then it’d become an even more attractive business opportunity.
Time is needed. But Wednesday are certainly getting back on track.