Payment structure of Sheffield Wednesday, Man City transfer emerges - Dejphon Chansiri set for small boost | OneFootball

Caelan-Kole Cadamarteri is leaving Sheffield Wednesday for Manchester City in a £1.5 million, at a point that Wednesday desperately need the money.

Teenage sensation Caelan-Kole Cadamarteri is set to join Manchester City from ailing Sheffield Wednesday in a deal worth £1.5 million, with two-thirds of that set to be an up-front payment.

And that is some positive news for Owls owner Dejphon Chansiri, who is trying to scramble together money to pay his players and staff after late and non-payments for the second month running.

Having finished the 2024-25 season in 12th place in the Championship, Wednesday have been thrown into chaos since, with a breakdown in the relationship between head coach Danny Rohl and club owner Dejphon Chansiri leaving the club effectively managerless, while they're also under a transfer embargo over their ongoing financial problems.

Sheffield Wednesday set for small cash windfall over Caelan Cadamarteri, Man City transfer

The Sheffield Star reports that Sheffield Wednesday and Manchester City have now agreed terms over the sale of Cadamarteri, and that only Premier League permission is required for it to be completed.

There has been negotiations over the structure of the deal to take the 15-year-old to the former Premier League champions, with the Yorkshire outfit angling for much of it to be paid up-front due to their troubles - and they're getting their wish, as £1 million of the £1.5 million fee will be paid immediately.

It is noted that the move will "give the club a much-needed cash injection", and Sheffield Wednesday could certainly do with one of those at the moment.

Wednesday currently face the prospect of a mass exodus of players under FIFA rules because of their failure to pay wages on time, and it has been reported that the club could face the loss of at least six players due to this situation, with these players having handed in their notice over the ongoing failure to pay them on time.

The Yorkshire Post also reported that Wednesday owe other clubs money in relation to a player loan and a transfer installment, and the matter of clubs owing money to other clubs is one that tends to get taken extremely seriously by governing bodies.

The extent to which money received as a result of this transfer would alleviate the problems at Hillsborough is debatable. Under normal circumstances, almost all transfer fees these days are paid in instalments.

The Star had previously reported that "it is known that Wednesday were pushing for a substantial amount of money up front" for the player, and this report came on the June 13, before the full extent of the crisis at Hillsborough was properly understood.

Manchester City are one of the richest football clubs on the planet and could certainly afford to pay the entire amount up front, but even if this were to happen it might not make that much of a difference to Wednesday's finances for very long.

Wednesday's current annual wage bill is estimated by SalarySport to be £15.5 million, which equates to just short of £1.3 million a month. And even though this estimate doesn't take into account imminent departures from the club, this wage bill is for players only; it doesn't take into account non-playing staff, and they have to be paid as well, or HMRC, who have to be paid on time.

So there may be a cash windfall of sorts for Sheffield Wednesday from this sale, but for how long it keeps the wolves from the door is questionable, to say the least.

As things stand, the sale of the club to new owners with deep pockets and the best interests of the club at heart remains the only way out of their still-escalating financial crisis.