Finance expert reveals Dejphon Chansiri is 'biggest loser' after Sheffield Wednesday takeover | OneFootball

The former owner of the club had a chance to claw back some of the money that he put into them, but missed a key deadline and may end up with nothing.

With the club now exiting administration, Sheffield Wednesday have been saved, and football finance expert Kieran Maguire believes that former owner Dejphon Chansiri may have missed the boat on getting paid.

At the end of what was without question the worst season in their club's 159-year history, Sheffield Wednesday supporters have something to look forward to again. The club is under new ownership, vital infrastructural work around Hillsborough has started, and plans are already pushing forward for the reopening of the transfer window on the 15th June.

This week has seen the publication of an important public notice. Filed on Wednesday, it advised existing creditors of the club to make their claims known to administrators at Begbies Traynor Group, with payments ultimately to be realised from the sale of the club.

One of the sticking points of the club's spell in administration was the prospect of having to pay money to Dejphon Chansiri. The club's former owner was the ultimate cause of the club finding itself in such a distressed position in the first place, but he was also by a long way their biggest creditor.

Much of the money that he put into the club came in the form of loans, and it stuck in the craw of many Wednesday fans that this gave him the possibility of getting back a proportion of what that he'd put in.

"The biggest loser" - Football finance expert delivers verdict on Chansiri's emergence from Wednesday administration

As time has progressed, though, it has become increasingly clear that Chansiri might not cash in as a result of Sheffield Wednesday being sold from administration, and football finance expert Kieran Maguire's verdict on the former owner has been that he may end up "the biggest loser" from the club's financial collapse.

Speaking on The Wednesday Word podcast with journalist Joe Crann, Maguire was asked about what he felt the "main takeaways" were from the release of the administrators' report. Maguire confirmed that there were "lots of losers" during the administration, but that, "it looks like Mr Chansiri is potentially the biggest loser."

He did add an important caveat to this, saying that: "We will have to wait and see, and perhaps we will never find out whether he'll have received anything from the administration of the club."

Maguire praised Begbie's Traynor for "keeping the lights on" throughout the administration process, and confirmed that they have a statutory obligation to investigate former owners in the case of clubs that financially collapse, though he did warn that the bar for being considered unfit to act as a company director in the UK is high.

There will be few tears at Hillsborough for Chansiri if he receives nothing from Sheffield Wednesday's administration

If Dejphon Chansiri does end up as "the biggest loser" from Sheffield Wednesday's administration, it won't be because he wasn't given the opportunity to recover something from the collapse of the club.

He was overwhelmingly the biggest unsecured creditor when the club entered into administration in October 2025, but was offered an alternative deal as proceedings neared their conclusion. It's been reported that this was made up of future bonus payments based on the on-field success of the club.

But Chansiri missed that deadline, and the consequence of this is that he is now expected to receive little to nothing back. The administrators' report confirmed that "the Purchaser and the Joint Administrators agreed that the Purchaser would settle certain claims of the Club’s unsecured creditors at 25 pence in the pound as a full and final settlement, in accordance with the English Football League Board Insolvency Policy."

There will, of course, be few tears for Chansiri over this from the blue and white half of Sheffield. While the money that he put into the club was in the form of loans, it was still misspent on his watch, and such was the strength of feeling over the former owner there may even have been Wednesday fans who would have preferred even to take a 15-point deduction over him receiving a single penny back from the administration process.

But whatever the ultimate outcome of all this is for Chansiri, Sheffield Wednesday fans can now put him behind them. Season ticket sales have been huge, and a feel-good factor has settled over the club as they prepare for their return to League One next season. There has been a lot of pain for the club over the last twelve months or so, but better times could be set to return to Hillsborough next season.