A major update has emerged on the potential administration threat looming over Sheffield Wednesday.
To say that the Owls are a club in crisis would be an understatement. By now, the situation is well documented. Dejphon Chansiri remains in charge, but a series of unpaid wages and – latterly – tax bills now leave them on the brink.
Wednesday remain for sale but potential suitors have all failed in their attempts to prise the legendary club away from the current ownership. Previous reports have stated that Chansiri values his asset at £100 million, a figure he is never likely to receive.
With a host of first team players having departed in the summer due to the wage fiasco, this has also led to on pitch struggles. Previous manager Danny Rohl had managed to steady the ship somewhat during his tenure, but even he would have struggled in the current climate. It’s no surprise to see them propping up the Championship.
Last week, the crisis reached its worst point to date when news emerged that they were set to be issued a winding-up petition due to money owed to the HMRC.
🦉 With Sheffield Wednesday set to be served with a winding-up petition over money owed to HMRC, @robstaton and @AlexJPMiller discuss what the future holds under owner Dejphon Chansiri.#SWFC | @BBCSheffield pic.twitter.com/0RhoFtvShY
— Football Heaven (@footballheaven) October 18, 2025
Administration The ‘Likely Outcome’
With the winding-up petition coming, The Sheffield Star have confirmed that Chansiri’s stance regarding a sale has not changed, which is making the threat of administration the most likely outcome. Writing this afternoon, the publication said:
“It’s understood that some potential suitors have effectively been asked by Chansiri to draw up a blind opening bid in order to engage in negotiations, with no tangible guide on what might prove to be acceptable. A process set up through UK-based lawyer David Hinchliffe, who is believed to have initially engaged with the club to deal with EFL disciplinary wrangles and has since been tasked with overseeing some takeover enquiries, has yet not been empowered to overstep Chansiri’s methods and close any deal.
“As far back as June, The Star was able to report the experience of an intermediary who had been looking to stimulate interest in the club and had been left shocked at a ‘bizarre’ sales procedure. We saw evidence that showed the intermediary had been told by Chansiri that he had received interest at over £100m.
A reminder ahead of tonight’s Middlesbrough game
Tonight’s home fixture against Middlesbrough is live on Sky Sports, giving us a national stage. The boycott is about more than one match. It is a visual message showing what life under Dejphon Chansiri would look like if…
— Sheffield Wednesday Supporters’ Trust (@SWFCTrust) October 22, 2025
“Four months on, that claim of interest has not translated into any sale and external pressure is mounting with HMRC having threatened a winding-up order on the club over an outstanding £1m debt. The re-negotiation or repayment of a £7.4m loan on Hillsborough stadium is still not confirmed on Companies House, the club’s list of other significant creditors include the EFL and it’s understood that a further six-figure sum is now owed to HMRC in relation to monies owed on PAYE.
“With no understanding of any progress in terms of a sale or takeover, it would appear that among the more likely outcomes in the absence of a full repayment or repayment plan is administration; either voluntarily or by creditors application. With Chansiri at the heart of matters, the situation around the club’s future direction remains complex and unpredictable.”
Writer’s View
What was already a desperate situation is worsening by the day. Chansiri’s stance is staggering considering the whole world knows of Sheffield Wednesday’s predicament. The supporters – always vocal in their protests – will boycott tonight’s clash with Middlesbrough in a hope to keep up the pressure.
Although it constantly seems as if the owner can’t sink any lower, it continues to do so with each passing day that he remains in charge. It’s a sickening situation for one of England’s most historic clubs.
