BBC pundit reacts to Dejphon Chansiri, Sheffield Wednesday news - 'it blows my mind' | OneFootball

Jobi McAnuff believes Sheffield Wednesday owner Dejphon Chansiri must reduce his valuation and sell the troubled Championship club.

Pundit Jobi McAnuff believes Sheffield Wednesday owner Dejphon Chansiri should reduce his valuation and sell the club for a reasonable price amid increasing supporter protests.

After a nightmare few months under Chansiri's ownership, Wednesday are already banned from paying transfer fees for the next three windows due to multiple late payments of player and staff wages, while they are also under five separate transfer embargoes for a host of other breaches.

There could be further punishment to come for the Owls, with a report earlier this month suggesting they will be hit with a points deduction for repeatedly failing to pay wages on time, while it has also been claimed that the Owls are close to being served with a winding-up petition by HMRC over an outstanding £1 million debt, which could result in the club going into administration if Chansiri is unable to pay the money owed.

After falling to a 1-0 defeat to Middlesbrough at Hillsborough on Wednesday night, Henrik Pedersen's side remain rooted to the bottom of the Championship table with just six points to their name, and as supporters staged a boycott in protest against Chansiri, only around 3,000 Wednesday fans are believed to have attended the game, with the travelling Boro contingent outnumbering the home support.

However, it does not appear the increasing pressure from supporters, as well as from the EFL and HMRC, is having an impact on Chansiri's desire to sell, and a report in The Star on Wednesday claimed the Thai businessman's approach to negotiations has not changed in recent months, leading to many interested parties walking away in frustration at the complicated process.

Despite that, there are still a number of individuals who remain keen on completing a takeover of Wednesday, including former Crystal Palace co-owner John Textor, while ex-Newcastle United chief Mike Ashley and businessman David Richards are also believed to be monitoring the situation.

Jobi McAnuff issues firm Dejphon Chansiri demand amid Sheffield Wednesday valuation warning

With Chansiri currently believed to be demanding as much as £100 million for Wednesday, McAnuff urged the Owls owner to lower his asking price in order to agree a sale, and he warned him that the club's valuation will decrease significantly if, as expected, they are relegated to League One this season.

"I completely understand their logic about not wanting to put money into his pocket," McAnuff said on the Football Daily podcast.

"What they are seeing, when they do turn up, are players who are giving absolutely everything, but, unfortunately, for that group of players, because it's so stretched, there are limits to what they can do.

"But there is no lack of effort or desire to want to go and play for that shirt.

"It's just a real sad state of affairs.

"What I don't get with these situations is that, if you are an owner that has a valuation of a club, whatever he thinks it's worth, even if it's not what people are willing to pay, clearly that value is going to go down if you get relegated and are in the league below.

"Would you not want to just maximise and cut your losses?

"Clearly there's no other way that this is going to get resolved in terms of him suddenly finding funding to kick on again, that point is done.

"So why would you not just say whatever I can get, whatever the maximum is, get it done, get it sold and move it on to someone who wants to come in and invest?

"Honestly, it blows my mind every time we get into these situations."

Dejphon Chansiri facing clear Sheffield Wednesday threat as administration looms

McAnuff is right that Chansiri should cut his losses and sell Wednesday for the highest reasonable price he can, but as things stand, it does not appear he is not seriously interested in striking a deal with any of the interested parties.

As McAnuff says, with the Owls facing almost certain relegation to League One, the valuation of the club will decrease even further in the third tier, and should they go into administration, there is a risk that Chansiri could even end up with nothing, so his current refusal to engage in proper negotiations to sell makes little sense.

After Wednesday supporters staged a mass boycott of their game against Middlesbrough on Wednesday night, further protests are likely over the coming weeks and months, but unless Chansiri's willingness to sell increases, there could be further dark days ahead for the long-suffering fanbase of the troubled South Yorkshire outfit.