Sheffield Wednesday on the verge of fresh investment - Dejphon Chansiri is closing in on a deal | OneFootball

Owls owner Dejphon Chansiri is now in talks with foreign investors as he seeks to head off a sale of the troubled club.

Embattled Sheffield Wednesday owner Dejphon Chansiri is seeking foreign investment to try and stave off the need for him to sell the troubled Championship club.

Sheffield Wednesday remain in the relegation places at the foot of the Championship following a tame 3-0 home defeat at the hands of Bristol City on Saturday, and the mood of the club's supporters will not have been lifted by news that the club's owner, the hated Dejphon Chansiri, is now trying to hold onto ownership of the club by seeking foreign investment in order to head off a sale of the club.

Wednesday fans have been protesting against Chansiri since the summer, with their travelling fans delaying entry into The King Power Stadium before their first game of the season at Leicester by five minutes, a mock funeral for the club being held before their first home league match against Stoke, and a boycott of their EFL Cup match against Leeds United.

But now, it seems that even a sale of the club could be looking less likely with news that Chansiri is continuing to fight to hold onto it.

Dejphon Chansiri is seeking outside investment to stave off need to sell Sheffield Wednesday

Journalist Alan Nixon reports that Chansiri is now seeking to stave off the need to sell Sheffield Wednesday by courting outside investment into the club from abroad.

He reports that Wednesday met their financial obligations at the end of August by this means, and that any investment would have to be secured against the club's assets, which would most likely mean against Hillsborough itself.

Sheffield Wednesday have been theoretically up for sale for months, but all attempts to wrest control of the club from his hands have run into the brick wall that is Chansiri's valuation of the club.

Chansiri has long been reported to value Sheffield Wednesday at £100 million, but many industry insiders feel that this is a massive overvaluation, and that the club is unlikely to be worth more than half that on the open market.

Sheffield Wednesday fans will likely be enraged by news that Chansiri still wants to hold onto ownership of their club

The lack of forward momentum behind any of the names that have been most closely associated with buying Sheffield Wednesday has been a strong indicator of how difficult it will be for any potential purchaser to get a sale of the club over the line.

Chansiri's £100 million valuation of Sheffield Wednesday looks like nothing so much as a figure that he has pulled out of thin air and it certainly goes against the received wisdom of how much the club is actually worth.

While a valuation based on the previous couple of years' turnover certainly seems more realistic than the owner's suspiciously round number valuation of the club, it does also remain the case that as of the present moment, at least until the implementation of the Independent Football Regulator, which is expected to come later this year, the only valuation of the club which truly matters is that which Chansiri is prepared to sell for.

It's likely that Sheffield Wednesday fans will be further enraged by the news that the owner is still fighting tooth and nail to hold onto ownership of their club following their disastrous 2025.

Seeking investment - which may be another way of saying "borrowing money" - from abroad doesn't seem likely to help the club's financial position in the long-term, either. It only seems likely that news like this will intensify protests against the man who is surely the most hated owner currently operating in the entire EFL.