Dejphon Chansiri, Sheffield Wednesday takeover situation takes new unexpected twist | OneFootball

The former Owls owner has missed a deadline that could cost him millions

The sense of rebirth at Hillsborough has been impossible to ignore in recent days.

After months of turmoil, uncertainty and genuine existential fear, Sheffield Wednesday supporters finally had something to cling to as the club emerged from administration on the final day of the 25/26 season.

A sold-out crowd greeted the dawn of the David Storch era with relief as much as celebration, the mood transformed from despair to cautious optimism.

Yet, as the dust settles on a dramatic takeover, fresh details have emerged that cast a strange and revealing light on Dejphon Chansiri’s involvement behind the scenes.

Dejphon Chansiri risks walking away empty-handed after Sheffield Wednesday sale twist

According to reporting from The Sheffield Star, Chansiri’s exit from Wednesday has taken another unexpected turn after he missed a crucial deadline tied to the club’s sale process.

The former owner had been engaged in discussions regarding his creditor claim during the administration period. With the club eventually sold, efforts were made to reach a compromise that would satisfy both financial obligations and EFL requirements.

An offer was put to Chansiri that was considered reasonable, particularly in light of the £16 million he might otherwise have expected through the administration process.

The proposal is believed to have included the possibility of significant future bonus payments, contingent on the Owls' success under its new ownership.

However, concerns had already been raised about Chansiri’s lack of engagement, with suggestions from multiple sources that he had not acted in good faith or responded consistently to approaches.

A firm deadline of midday on Tuesday, May 5 was set for acceptance. While a response did eventually arrive indicating a willingness to accept, it came just minutes after the cut-off point. As a result, the offer is now considered null and void.

The consequence could be significant. As things stand, Chansiri may walk away from the entire process without receiving any financial return from the sale of the club.

What Chansiri’s missed opportunity means for Sheffield Wednesday’s future

In isolation, the missed deadline might appear as an administrative footnote.

For Owls supporters, though, the significance lies less in what Chansiri has lost and more in what the club has gained.

The scenes at Hillsborough last weekend - a full house, a restored club crest, and the removal of a feared 15-point deduction - spoke to a fanbase reconnecting with its identity after a deeply traumatic period.

Yet that same decision is now rippling beyond South Yorkshire.

Sky Sports report that the EFL is expected to review its insolvency policies following anger from rival clubs, many of whom feel Wednesday have benefited from a level of discretion not afforded in previous cases.

Central to that debate is the handling of Chansiri’s creditor position. It is understood that Storch’s consortium tabled an offer worth several million pounds, contingent on future success, which the EFL deemed credible alongside evidence of attempts to negotiate in good faith.

The league’s decision not to impose a further deduction appears shaped as much by Chansiri’s perceived inflexibility as by the deal itself.

This latest revelation - that he missed a deadline to accept a potentially lucrative offer - may only reinforce that narrative.