Carlton Palmer’s shock Dejphon Chansiri cashflow claim as Sheffield Wednesday ‘£40m caveat’ mooted
As the dire situation at Sheffield Wednesday continues, club legend Carlton Palmer has offered his thoughts on the matter, including a surprising claim about Dejphon Chansiri and a positive prediction for the future.
Under the current ownership, led by Dejphon Chansiri, Sheffield Wednesday are a club in crisis and there are no real signs of things getting any better any time soon.
Financial issues have plagued the club all summer, leaving the Owls heading into the new season with a threadbare squad, an untested new manager, and a disillusioned fanbase.
Those fans have recently been protesting Chansiri, to varying degrees of success. While the chairman continues to stand firm and maintain his control of the club, there are questions over just how long this tug-of-war can continue, and what it will take for Chansiri to step aside.
Carlton Palmer claims Dejphon Chansiri still has money
Speaking to The Sun newspaper (published 24th August, 2025), Owls icon Carlton Palmer admitted the current plight of his old club is proving to be very painful to watch, and suggested there’s a chance Chansiri is doing all of this on purpose by holding back on funding the club.
Palmer said: “What is happening at my old club is breaking my heart. I don’t believe Chansiri has run out of money. He’s part of a wealthy family that have already ploughed £200m into the club. I’m sure he is not short of the odd £20-30m.
“I have spoken to several of the right-hand men at the club and the biggest problem is that he wants in the region of £100m to sell the club, which is a major stumbling block.”
Palmer went on to outline how he envisages a sale proceeding, with a compromise needed on Chansiri’s £100m valuation so that progress can be achieved for the club.
He added: “I cannot see why there can’t be an agreement where he sells for £60m with a £40m caveat if the club reaches the Premier League.
“The club needs a change to move forward. I feel absolutely devastated for the supporters who are having to endure this nightmare. The sooner there is a change of ownership the better. The longer it carries on this way, the club will be damaged more and more.”
We know that whoever does take over at Sheffield Wednesday will have ambitious plans for the sleeping giant, including Saudi investors wanting to become a top five club and build a new stadium for the Owls. At this point, most fans would be more than happy to just have a sense of normality, never mind any grand ambitions.
Sheffield Wednesday could follow a similar path to Birmingham City
In addition to his claims regarding Chansiri, Palmer also pointed out how Wednesday could follow the example of Birmingham City if new owners do come in, taking a backward step before moving forward rapidly.
He added: “I try to see things from a positive point of view. Just three years ago, Birmingham City were in a similar situation and they are now in a completely different scenario. I’m hoping Sheffield Wednesday can do the same.”
There’s a long way to go before anything like that happens, of course. Sadly, it could be a while before we even see a successful takeover occur, never mind the longer-term impact of those new owners.
One Sheffield Wednesday star who’s reached the stars and player in their ‘prime’ we expect more from
After three games of the 2025/26 Championship season, Sheffield Wednesday have notched their first point.
A gruelling away trip to North Wales saw Sheffield Wednesday draw with Wrexham, in a game where the Owls were fully deserving of a win, but missed out after Charlie McNeill failed to convert his opportunity in the dying seconds of the game.
Expectations were set at Sheffield Wednesday struggling to compete at this level after Dejphon Chansiri purged a large majority of the numbers in the squad, but the Owls have gone head-to-head with Leicester City, and now Wrexham, but this time they have a deserved point to show for it.
Every player has worn the famous blue & white of Sheffield Wednesday with pride this season, with one in particular showing his timeless quality.
Barry Bannan has starred for Sheffield Wednesday so far this season
For the past decade, Sheffield Wednesday have always been able to rely on the brilliance of Barry Bannan, and even at the age of 35, protocol is the exact same.
The Scotsman has gone above and beyond after he signed his new contract at Sheffield Wednesday this summer. After putting in a complete performance in the away trip to Leicester City, which was followed up by a phenomenal showing against Wrexham, the midfielder controlled the game and scored a goal to show for it.
Bannan was crucial for Sheffield Wednesday to turn the tide against Wrexham and record an extraordinary comeback against a side that has been significantly financially backed this summer.
Like a fine wine, Bannan appears to improve every week, and his quality continues to be make-or-break for Sheffield Wednesday.
Henrik Pedersen will want to push Max Lowe to the next level
When looking at players who have not quite hit the heights, it is difficult to pin that label on any player in the current circumstances.
However, one man who may not quite be playing at the peak of his powers is Max Lowe.
The Sheffield Wednesday defender made the crucial decision to stay at the club this season, despite initially handing in his notice to the club amid uncertainty on whether the chairman, Dejphon Chansiri, could pay the players.
Lowe has been described as a Sheffield Wednesday player in their ‘prime’, and in a team that is having to rely on a number of youngsters, it is expected that, like Bannan, the more experienced players are able to stand up and lead the way.
The Owls full-back has had a tricky time against both Stoke City and Wrexham, the latter of which he struggled in the first half against Ryan Longman, but there is still plenty for the defender to build on.
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