How much money Dejphon Chansiri is set to receive once Sheffield Wednesday takeover is done | OneFootball

Sheffield Wednesday are facing a soft deadline for indicative bids from prospective buyers

Sheffield Wednesday’s reserve price has been set at £30 million amid 21 November’s soft deadline for indicative takeover bids.

According to The Star, previous owner Dejphon Chansiri is likely to receive £15.6 million as part of any deal to buy the club.

The Thai businessman has overseen the financial mismanagement of the Championship side, which has led to their going into administration.

He was a deeply unpopular figure among Owls supporters, which led to numerous protests urging him to sell his stake in the side prior to their October administration.

It was reported earlier this year that Chansiri was seeking up to £100 million in order to sell Sheffield Wednesday, but he is now likely to receive far less than that when a deal is agreed with the administrators Begbies Traynor.

Sheffield Wednesday’s reserve price amid takeover talks

It has been claimed that prospective owners could need to pay at least £30 million in order to satisfactorily pay the club’s creditors and pass the EFL’s regulations.

It’s believed that this figure will avoid any further sanctions, which will be massively beneficial for whoever takes control of Sheffield Wednesday, as it will prevent any further player registration embargoes or points deductions.

However, Chansiri will still be owed £15.6 million as part of any deal due to the £62.5 million owed to him prior to the club going into administration.

As per an EFL ruling, any of the Owls’ football creditors must be paid 25 per cent on the pound of what they were originally owed, or 35 per cent paid over a three-year period.

But some debts have reportedly already been paid off, so will not be a concern to any prospective buyer, with that including payment to FIFA regarding foreign transfers, which could ease concerns over further transfer bans.

Meanwhile, debt related to Hillsborough relates to the separate entity set up by Chansiri known as Sheffield 3, which was also placed into administration alongside the club.

It’s understood that the £54 million debt owed to Chansiri is a low priority, and that he has no protections under the EFL’s regulations, and that it’s recommended the £7.4 million debt owed to New Avenue Projects should be settled.

Outside of the takeover developments, Henrik Pedersen's side remain bottom of the Championship table, 17 points adrift of safety just 15 games into the season.

Sheffield Wednesday’s debt being cleared will pave path for new era

The effective cost of £30 million to settle Sheffield Wednesday’s creditors is far lower than the £100 million asking price Chansiri set earlier in the year.

While he will still come away from this takeover with something, supporters will take some solace from the fact he is only receiving a small fraction of what he could’ve made if he had just sold the club before going into administration.

A takeover is on the horizon, and it’s an exciting prospect for the team, who have endured a lot of struggle under the current regime.

It’s also no surprise that there are so many suitors, as being able to buy the Owls for around the £30 million mark would be a good price for a club of their stature, although a bidding war may still see that price rise in time.