{"id":414409,"date":"2025-09-11T00:00:40","date_gmt":"2025-09-11T00:00:40","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/414409\/"},"modified":"2025-09-11T00:00:40","modified_gmt":"2025-09-11T00:00:40","slug":"what-could-happen-to-sheffield-wednesday-if-chansiri-doesnt-pay-looming-7-3m-debt","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/414409\/","title":{"rendered":"What could happen to Sheffield Wednesday if Chansiri doesn’t pay looming \u00a37.3m debt"},"content":{"rendered":"

Sheffield Wednesday could be put into administration if the 30 September deadline is not met for a repayment on a \u00a37.3 million loan.<\/strong><\/p>\n

According to The Star<\/a>, this is one option on the table for New Avenue Projects, who are a broker working on behalf of one of the Owls\u2019 creditors, whose identity remains unknown at this time.<\/p>\n

The Yorkshire outfit have been struggling financially in recent months, with late payments to players causing a number of first team stars to terminate their contracts during the summer.<\/p>\n

Henrik Pedersen also replaced Danny Rohl as head coach following his departure, with supporters putting intense pressure on owner Dejphon Chansiri to sell his stake in the Championship side.<\/p>\n

Sheffield Wednesday administration danger<\/p>\n

\"Dejphon<\/p>\n

Sheffield Wednesday<\/a> are reportedly<\/a> facing the threat of administration if the \u00a37.3 million payment owed through New Avenue Projects is not met by the 30 September deadline.<\/p>\n

It is understood<\/a> that some grace period could be given to meet that deadline, although some payment may have already been requested by the creditor.<\/p>\n

It\u2019s believed<\/a> that the original sum received in September 2020 was worth \u00a36.4 million, and was taken out against Hillsborough stadium, effectively making it a mortgage, but it has grown to a value of \u00a37.3 million through interest.<\/p>\n

While the repayment has been rolled over each year, it\u2019s now being claimed<\/a> that the creditor is not willing to do that this year as they look to reduce the risk of never securing their money given Sheffield Wednesday\u2019s<\/a> financial issues this year.<\/p>\n

The club have struggled with meeting deadlines for player wage payments this year, but it\u2019s understood<\/a> that their commitments with HMRC have been met after salaries were paid on time last month.<\/p>\n

It is possible that Sheffield Wednesday<\/a> will meet the payment requirements made by New Avenue Projects, in which case no action will need to be taken against the club.<\/p>\n

However, it\u2019s been reported<\/a> that a failure to do so could land the Yorkshire outfit in administration, or possibly even put their home stadium into receivership, which could force through a sale of the asset, and potentially even the club itself.<\/p>\n

But it remains unclear just yet what is next for the Owls, with no confirmation given on any repayments being met.<\/p>\n

\"Sheffield<\/p>\n

When it rains it pours for Sheffield Wednesday<\/p>\n

This is a consequence of the financial problems already holding Sheffield Wednesday back, as this repayment could\u2019ve rolled on for another 12 months if the creditor wanted.<\/p>\n

Unfortunately for supporters, there is no real immediate end in sight for the Chansiri ownership, and this is the latest justification for their protesting against him.<\/p>\n

Losing ownership of the stadium would be a major setback, but would likely be preferable to going into administration at this stage.<\/p>\n

Either way, Sheffield Wednesday are already looking at a likely points deduction regardless, so adding another penalty on top of that would all but guarantee their relegation this season.<\/p>\n","protected":false},"excerpt":{"rendered":"Sheffield Wednesday could be put into administration if the 30 September deadline is not met for a repayment…\n","protected":false},"author":2,"featured_media":414410,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8817],"tags":[748,393,4884,1620,16,15],"class_list":{"0":"post-414409","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sheffield","8":"tag-britain","9":"tag-england","10":"tag-great-britain","11":"tag-sheffield","12":"tag-uk","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115182726411996876","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/414409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=414409"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/414409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/414410"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=414409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=414409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=414409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}