Dejphon Chansiri & Sheffield Wednesday will share pain of takeover twist | OneFootball

Dejphon Chansiri is set to lose out financially after the latest Sheffield Wednesday takeover situation, but the Owls could also be dealt a blow.

Sheffield Wednesday's lengthy takeover saga took another turn last week as James Bord's consortium pulled out of a deal to buy the club.

Wednesday have been on the market since former owner Dejphon Chansiri put the club into administration in October, but more than four months later, a takeover deal is yet to be completed.

It looked as though the Owls were edging closer to new ownership after Bord's consortium was named as the preferred bidder on Christmas Eve, but they withdrew from the running last week, claiming that their offer, which is believed to have been worth a staggering £47.8 million, did not reflect the club's true value.

While Wednesday are essentially back to square one in their ownership search, there is still believed to be plenty of interest in the club, with former Newcastle United owner Mike Ashley and the Storch family both expected to submit bids before Friday's deadline, while a group led by ex-Sunderland co-owner Charlie Methven are also weighing up an offer.

However, none of the bids are likely to reach anywhere near the figure that Bord's consortium offered, and that may not only result in some financial pain for Chansiri, but it could also have big consequences for the Owls.

Dejphon Chansiri set for huge financial hit after Sheffield Wednesday takeover twist

Chansiri was said to be demanding £100 million for Wednesday at the start of the season, but although he was eventually forced to put the club into administration after failing to agree a takeover deal, he was still set to receive a windfall.

With EFL rules stating that creditors must be paid 25p in the pound, Chansiri was due to land £15 million after the Owls were sold, and the offer from Bord's group ensured that he would get that sum in full.

However, the fresh round of bids are all expected to fall short of the £30 million reserve price, with the asking price for the club now thought to be around the £10-20 million mark, and that will see Chansiri lose out financially.

According to journalist Alan Nixon, Chansiri could receive as little as £1 million from the sale of Wednesday, which could cause the Thai businessman significant problems as he was hoping to use the funds for a loan he has secured against his purchase of the ground.

However, as that loan is worth more than the money he will make from the Owls' sale, Chansiri will need to use his own personal wealth to settle it, and it is unclear how much of his fortune remains at this point, given the financial woes he experienced towards the end of his time at Hillsborough.

Sheffield Wednesday could face fresh relegation nightmare in League One next season

There are many Wednesday fans who feel that Chansiri does not deserve a penny after his destruction of the club, but while they will be celebrating the fact that he will now be getting a much reduced sum, that joy could be short-lived.

If the Owls' new owner is unable to satisfy the EFL's 25p in the pound rule, it is likely that the club will be hit with a 15-point deduction in League One next season, which could put them in danger of back-to-back relegations.

Wednesday will be one of the biggest clubs in the third tier next season, and even with a points penalty, they will still be an attractive proposition, so they should be able to put together a competitive squad during the summer transfer window.

The Owls would need to hit the ground running immediately next season if they were to start on minus points, but given the scale of the rebuild that will be needed, with much of the current squad out of contract, it may take some time for the new-look team to gel.

Last season, Crawley Town finished in the final relegation spot in League One with 46 points, and the total of the 21st-placed team looks set to be even higher this time around, so if they were to receive a 15-point deduction, Wednesday may need to accumulate around 65 points on the pitch in order to avoid the drop.

In Scottish League One, Inverness Caledonian Thistle were given a 15-point deduction last season for entering administration and not only survived, but they also managed to remain clear of the relegation play-off spot, so it does not have to be a fatal punishment, particularly if you have one of the better squads in the league.

However, as the Owls have discovered this season, albeit in exceptional circumstances, escaping minus points can be extremely difficult, and if the sanction is as severe as feared, a devastating relegation to League Two cannot be ruled out.