Finance expert questions big Dejphon Chansiri factor that is impacting Sheffield Wednesday takeover | OneFootball

Dejphon Chansiri has reportedly set a £100m asking price for his stake in Sheffield Wednesday

Football finance expert Kieran Maguire has questioned Dejphon Chansiri’s £100 million valuation of Sheffield Wednesday.

The Thai businessman is under pressure to sell his stake in the Owls due to the mismanagement of their finances.

It was a difficult summer for the Yorkshire outfit, with players receiving late payments of wages on multiple occasions, leading to the likes of Michael Smith and Josh Windass to terminate their contracts.

This has led to speculation linking John Textor with a potential takeover of the Championship side, with talks expected between the American and Chansiri.

Dejphon Chansiri’s £100 million Sheffield Wednesday valuation criticised

Maguire has claimed that the £100 million asking price set by Chansiri for Sheffield Wednesday has no logical backing.

He believes a figure in the region of £40 to 50 million represents a fairer reflection of how much the club is likely worth.

"Most EFL clubs are being sold for roughly two or two-and-a-half times their revenue," said Maguire, via the BBC.

"In Sheffield Wednesday's case, that puts them in the region of about £40 million to £50 million.

"When you take into consideration the state of the stadium, and the fact the club doesn't own it, they should be towards the bottom of that scale.

“The £100 million valuation appears to be without merit and has no logical backing."

It remains to be seen whether an agreement between Textor and Chansiri can be reached at this stage, with supporters hoping for a change in ownership.

Henrik Pedersen’s side have made a difficult start to the new Championship campaign, earning one point from their opening four games.

Deadline day did see the arrival of Harry Amass on loan from Manchester United, but he was only the second signing of the entire transfer window, with Ethan Horvath also signing on a temporary basis.

Dejphon Chansiri must lower Sheffield Wednesday asking price

The Sheffield Wednesday staff and players were paid on time for last month, but it’s not guaranteed that will be the case for September.

That is the state of the club’s current financial position, so a sale must be considered at a more realistic price than £100 million.

Textor appears very keen to take over Sheffield Wednesday, which is encouraging for supporters, who want some light at the end of the tunnel.

But if Chansiri remains stubborn in his asking price, then it’s difficult to see anyone coming with an acceptable offer that could help the Owls out of their current financial problem.