Sheffield Wednesday have suffered a blow in their potential rescue mission from Dejphon Chansiri’s grasp, with talks over a takeover with American businessman John Textor stalling.
The Owls are in another crisis, as player wages were not paid on schedule in September, with the much-maligned Chansiri failing to deliver for the fifth time in seven months. More embargoes have been imposed at Hillsborough in recent weeks, with Wednesday subject to five different ones, as well as a fee-paying transfer restriction until the summer of 2027, and the situation is becoming increasingly desperate – but it does not appear that a solution in the form of Textor will be implemented anytime soon.
John Textor, Sheffield Wednesday takeover update emerges – it’s bad news
A article by Mike Keegan of the Daily Mail sheds light on recent events between Chansiri and Textor about Sheffield Wednesday, and it is not what fans want to read. According to Keegan, ex-Crystal Palace shareholder Textor has held negotiations with Chansiri about buying the struggling South Yorkshire club, but no agreement has been reached.
Chansiri, who has owned Wednesday since January 2015 after purchasing them from Milan Mandaric, was said to be looking for roughly £100 million for the club, having turned down offers of £30 million and £40 million over the summer months. However, Keegan reports that Chansiri may cut his asking price to £70 million if proposals around that sum come in, but this is unlikely to persuade Textor to move forward in negotiations to preserve Wednesday.
Dejphon Chansiri may have to agree Sheffield Wednesday sale ASAP as IFR lurks
Recent positives on the pitch for Sheffield Wednesday, where they are unbeaten in three matches and have taken five points in that time, are being eclipsed once more by off-field happenings, and players are in disarray due to non-payment of wages. These issues have been ongoing for much of 2025, and Wednesday fans are still no closer to removing Chansiri from the club, though his hand may be forced sooner rather than later.
Simon Jordan’s claim on talkSPORT that the upcoming Independent Football Regulator will take control of the club away from the 57-year-old if he does not sell up by the time they are introduced later in 2025 is a glimmer of hope for Wednesday fans, but Chansiri will undoubtedly not want to see that happen. Instead, he will want to be in control of the narrative of this, and it would probably be in his best interests to sell up before that possibility could happen. However, stranger things have happened, and it looks we are no closer to seeing his eventful 10-year The reign has ended.
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