The action Dejphon Chansiri is expected to take once Sheffield Wednesday takeover is complete | OneFootball

Dejphon Chansiri is expected to attempt to reclaim some of his money from Sheffield Wednesday after the club's takeover is completed.

Dejphon Chansiri may no longer be in control of Sheffield Wednesday, but whoever takes over the Owls will still owe money to the club's controversial former owner.

After months of financial turmoil, Chansiri's turbulent decade-long tenure at Wednesday came to an end last month when he put the club and the company through which he owned the stadium into administration.

The Owls were hit with a 12-point deduction after going into administration, which all but guarantees they will be relegated to League One this season, but Chansiri's exit has been greeted by celebration at Hillsborough, with supporters returning in their numbers over the past few weeks after previously boycotting games in protest.

It seems there is no shortage of interest in buying Wednesday, with former Crystal Palace co-owner John Textor, ex-Newcastle United chief Mike Ashley and US billionaire John McEvoy among those to have been linked with the club, and as many as 11 parties have provided the administrators with proof of funds of £50 million so far.

A soft deadline for bids to be submitted has been set for this Friday, after which there will be a two-week negotiating period before a preferred bidder is chosen by Friday 5th December, and there is hope that a takeover deal could be completed before the end of the year.

However, while a new era is set to get underway for the Owls imminently, they have not completely cut their ties with Chansiri just yet, and dealing with the Thai businessman could be one of the biggest challenges for any incoming owner, with The Star revealing that he is expected to claim some of his money back after a takeover is completed.

Dejphon Chansiri set to take fresh Sheffield Wednesday action after takeover completion

With Wednesday in administration and question marks over whether Chansiri will look to recoup any of his money, it has been difficult to assess just how much a takeover deal for the South Yorkshire outfit will cost, but journalist Alan Nixon has reported that the total expenditure could amount to as much as £50 million.

Football finance expert Kieran Maguire recently claimed that Chansiri could salvage some of his reputation at Hillsborough if he was to decide against making a claim, just as Mel Morris did when Derby County went into administration over four years ago.

"He could make himself, not a hero, but he could make himself less of a villain if he takes exactly the same approach as we saw with Derby County and Mel Morris," Maguire told BBC Radio Sheffield last month.

"Mel Morris was owed £200 million by Derby County Football Club, and he went to the administrators and said 'I'm not putting in a claim'."

However, it appears Chansiri is preparing to take a different course of action to Morris, with The Star revealing that, while he is yet to formally raise the debt, he is expected to do so before the club is officially sold, but he will have to accept a significant loss on the money he invested during his reign as owner.

Chansiri was believed to be owed £62.5 million by Wednesday before they entered administration, but he will only receive around £15.6 million of that due to EFL regulations which state that creditors must be paid an immediate 25p on the pound or 35p on the pound spread over a three-year period.

It is possible that the EFL could attempt to ease the 25p on the pound obligation in the Owls' case due to the size of the debt owed to Chansiri, but that is believed to be unlikely as things stand, meaning that any incoming owner will need to settle the debt with the 57-year-old after taking over at Hillsborough.

Sheffield Wednesday supporters facing anxious wait as Dejphon Chansiri debt looms

Despite relegation virtually being guaranteed after the club entered administration, Chansiri's departure has brought the feel-good factor back to Wednesday, but there are still some remaining nerves in the air as the wait for a takeover continues.

It is clear that whoever takes over the Owls will need to have deep pockets, and as Chansiri is the club's biggest creditor, settling the debt owed to him will be one of the first, and possibly most expensive, tasks of any incoming owner.

Even if Chansiri will not receive all the money he is owed, his claim will still be worth a significant amount, and with Wednesday's administrators asking for proof of funds of £50 million, they will be determined to ensure that the club's new owner has sufficient resources to resolve the debt, particularly as failure to do so could result in further points penalties next season.