Sheffield Wednesday takeover news: Debt owed to Dejphon Chansiri revealed, £30m sale price | OneFootball

Sheffield Wednesday are now approaching the 'soft deadline' over the sale of the club, so here's the latest from Hillsborough on the club's position.

The sale of Sheffield Wednesday is getting closer, so here's an update on the latest regarding the takeover of the financially-stricken Championship club.

As players return from the third international break of the 2025-26 season, the takeover of Sheffield Wednesday is getting closer and closer.

There has been substantial interest in buying this grand old club, and there is an excellent chance that a sale could be completed before the all-important January transfer window opens.

On the pitch, Wednesday remain in deep trouble at the bottom of the Championship.

Their 12-point deduction for administration has left them on -4 points, fourteen points from safety, and their first match back couldn't be more important.

Not only is their home match against Sheffield United on Sunday lunchtime a fierce local derby, but Wednesday's rivals are also in the relegation places having endured a tougher than expected start to the season themselves.

But it does remain the case that the news concerning Sheffield Wednesday has been largely centred on off the field issues, so here's a round-up of the latest takeover news from Hillsborough.

Wednesday's unsecured debt to former owner Chansiri revealed

Reporting from the Sheffield Star has confirmed that the total amount owed to former owner Dejphon Chansiri sits at a whopping £62.6 million, but the unpopular figure will not be receiving anything like this amount of money as a result of the sale of the club.

EFL rules state that any Company Voluntary Arrangement, or CVA - the mechanism by which the club's debts are dealt with in administration - offers a minimum to unsecured creditors of 25p in the pound. This means that Chansiri would most likely receive a figure of around £15.6 million as a result of the CVA being accepted.

The Star reported that, "Given the unprecedented nature of Wednesday’s debt to Chansiri, it is thought to be possible that the EFL can elect to reduce the 25 pence on the pound liability, though that outcome is believed to be unlikely at this stage", and that "Chansiri has not yet formally raised the debt but is expected to do so prior to the sale of the club."

These figures are not set in stone yet, but whatever amount is agreed will represent a huge financial loss for the owner whose mismanagement of the club put them in this position in the first place.

Sheffield 3’s £54 million debt is owed to Chansiri, but he may not see any of this money back

Sheffield 3, the business owned by Chansiri which owned Hillsborough itself, was put into administration at the same time as the club itself, which has allowed the administrators to sell the club and the stadium as a package deal.

A charge was held over the stadium for £7.4 million to a company called New Avenue Projects which was due to be paid at the end of September, and it's understood that it was pressure over the repayment of this, coupled with outstanding monies owed to HMRC, which were the primary drivers behind the both companies being pushed into administration.

The Sheffield Star reported that "Sheffield 3’s £54 million debt is owed to Chansiri, but that the Thai has no protections or rights over the Sheffield 3 debt under EFL regulations." Without this protection, it is expected that any repayment of this amount will be extremely small, or, as the Star put it themselves, could be "most likely, wiped-out" altogether.

The total Sheffield Wednesday sale price could be £30 million

Last Saturday, the Sheffield Wednesday website released minutes from a Supporters Engagement Panel meeting which had been held on the 12th November.

This wide-ranging meeting confirmed a lot of details concerning the club's exact state of play, but one detail that certainly stood out was that the new owners "will need to purchase the club for a figure in the region of £30 million." It is worth remembering that Chansiri's asking price for the club prior to administration had been £100 million, more than three times this amount.

The minutes also confirmed that "an anonymous and high-net-worth SWFC fan ultimately loaned the club £1 million and the administrators received this money on Friday 7 November." Sheffield Wednesday fans clearly have a huge debt of gratitude to this particular individual.

With a "soft deadline" having seen set for the 21st November as a result of EFL rules requiring the club to be advertised for sale for 28 days before a sale can be completed, all evidence indicates that the sale of Sheffield Wednesday and a brighter new future for the club is now just around the corner.