(Credit: Imago)
Tue 19 August 2025 12:37, UK
Sheffield Wednesday are still facing an uncertain future despite speculation a move by the government could force a takeover.
Dejphon Chansiri is under pressure to sell the Owls following the ongoing financial concerns at Hillsborough.
Finance expert Dan Plumley told Football Insider Sheffield Wednesday are only worth around £70million, but Chansiri is understood to be looking for around £100million.
The Athletic reported on 12 August The Labour Party is fast-tracking secondary legislation to ensure the powers of the new independent football regulator (IFR) will be switched on by November.
It said the move will increase pressure on under-fire owners such as Chansiri to sell Sheffield Wednesday before the regulator becomes legally established, with a new bill allowing owners to be stripped of their rights to run clubs.
Dejphon Chansiri is under pressure to sell Sheffield Wednesday (Credit: Imago)John Textor linked with Sheffield Wednesday takeover
This article contains exclusive comment from Stefan Borson, a former financial adviser to Man City.
Former Crystal Palace co-owner John Textor has been linked with a Sheffield Wednesday takeover alongside football financier Keith Harris.
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The American billionaire owns majority stakes in French club Lyon, Brazilian first division outfit Botafogo and Belgian side RWD Molenbeek through Eagle Football Holdings.
Speaking exclusively to Football Insider about the government’s latest move, Borson said: “I think it’s probably going to come all a bit too late for the Sheffield Wednesday process.
“I’d be really surprised if the Sheffield Wednesday situation is still as fraught in November.
“If it is, I think that’s going to be pretty painful for Sheffield Wednesday, and it’s going to be a very demanding first issue for the independent regulator to deal with.
“They have got quite extensive powers. I did go through it last week. You can actually pull the act off the web now. You can read it yourself in terms of what rights and powers it gives them, and they are fairly extensive.
“Effectively, they can remove what they consider to be a bad owner and put in trustees and administrators of the club and force a sale.
“I think there are a lot of question marks over that process and how that works and who pays for it and all that stuff.
“I think there’s also a very big challenge for the regulator in that it’s going to need to be populated with professionals that understand the way restructuring works, understands how creditors need to be paid and very technical administration type work.”
John Textor has been linked with a Sheffield Wednesday takeover (Credit: Getty Images)Sheffield Wednesday snub Pierce Charles offers
In terms of transfer activity, Sheffield Wednesday have snubbed offers for Pierce Charles from West Ham and Rangers.
The 20-year-old has been the subject of bids in excess of £1million, but neither club is understood to have received a response from the Owls.
The goalkeeper has started in each of the Championship side’s opening three games this season.
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