Latest news with #Chansiri
Daily Mirror
2 days ago
- Business
- Daily Mirror
Milan Mandaric, 86, to launch rescue bid for crisis-hit Sheffield Wednesday
Former Sheffield Wednesday chairman Milan Mandaric is set to fly back to the UK next week to bid for the troubled Owls as he claimed the financially-stricken club were in danger of being "destroyed" by current owner Dejphon Chansiri. The 86-year-old owned the club between 2010 and 2015 before selling to Chansiri for around £37.5million and has had little involvement in football since - after previously running Portsmouth and Leicester City. The Hillsborough club are in turmoil after being banned from spending for the next three windows after a failure to pay player wages. It caps off a turbulent decade under Chansiri's rule that has seen a six-point deduction in 2020 for breaching the EFL's financial rules and he has received a huge backlash from supporters. Chansiri has already rejected a £48m bid from an American consortium, who have promised to build a 55,000-seater stadium - leading a local MP to accuse the owner of "holding the club hostage". Now Mandaric insists he wants to "rescue" the club from any more trouble as he admitted he would have no trouble telling it like it is when he holds talks with Chansiri. He told BBC Radio Sheffield: "It needs a big rescue now - all of us who love football and love Sheffield [Wednesday] have no doubt about that. "I am going to definitely try to see him [Chansiri] with my people and be very straight in telling him that he is going to destroy the club unless he lets new people like me get involved. I'm going to meet in London, I'm arriving there next week and I'm going to talk to some people about that, I have a plan to do so. "I have my ex-manager who was there, Paul Aldridge, and John Redgate, who all worked for me - they know what's going on. And I want to see what could be a possibility to takeover that club. I would have to get involved if I'm going to bring somebody, I'd have to get involved myself - I have no problem with that. "There are two things, you have to find the right person, but more importantly you have to have Mr Chansiri to agree on that - and that's the difficult part. He doesn't want to sell it, he's asking a crazy price - he will never get over £100m as I understand… He'll be an obstacle no matter what we try to do." Mandaric added that he sold the club to Chansiri after he "gave all the commitments that he's got the money and the desire" but accused him of "taking the wrong direction and the wrong advice". In addition to the EFL charges against the Owls, separate charges have been brought against Chansiri over "non payment of wages in March 2025 and May 2025". Earlier this month, Sheffield South East MP Clive Betts hit out at Chansiri's "appalling" behaviour and said: "He must accept that he needs to sell Wednesday to prevent the complete collapse of the club … we as fans deserve better. "It breaks my heart to see the club I have followed all my life being held hostage by an owner who clearly has no interest or care for us. It is clear that Chansiri does not have the ability or resources to fund and invest in Sheffield Wednesday." Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
Yahoo
2 days ago
- Business
- Yahoo
Is Chansiri's asking price too high?
"The silence is killing everybody. Nobody knows what's happening; the managerial position, the wages position with the players, he's managed to pay some of the staff if not all of them," Ian Bennett of the Sheffield Wednesday Supporters Trust tells BBC Radio Sheffield. "It's basically a disgrace. It should never have got to this situation." Advertisement BBC Radio Sheffield's Football Heaven hosts special guests including Bennett, Clive Betts MP, former owner Milan Mandaric and Daily Telegraph journalist Mike McGrath to talk about the financial turmoil surrounding Sheffield Wednesday under current owner Dejphon Chansiri. The episode was recorded before the club was handed restrictions over spending in the next three transfer windows after failing to pay staff wages on time. With Chansiri seemingly unwilling to sell the club for less than £100m, many Owls fans are beginning to worry that the Thai businessman has unrealistic expectations. But while some see Chansiri's valuation as an inflated price, according to football finance expert Professor Dan Plumley the devout fan base and potential of Premier League football does make the purchase price "tricky". Advertisement "What we often miss in club takeovers is the sell of the upside," Plumley said. "That's where you can start to stretch those valuations and we can have an argument about whether they are realistic or unrealistic in the context of the finances - but with a football club, you are buying into that other side of things as well." Watch the full radio special on BBC iPlayer.
Yahoo
2 days ago
- Business
- Yahoo
Sheffield Wednesday hit with ban on transfer spending until January 2027
Sheffield Wednesday have been told they cannot spend money on new players for the next three transfer windows. Sheffield Wednesday have been told they cannot spend money on new players for the next three transfer windows. Photograph: Phil Duncan/Shutterstock Sheffield Wednesday have been banned from spending money on transfers until January 2027 following the repeated failure of the Championship club to pay players' wages. The EFL has levied what it calls a 'fee restriction' on Wednesday, which will run for the next three transfer windows, including this summer one, after the club '[exceeded] 30 days of late payments' during the past 12 months. Wednesday are to appeal the decision. Advertisement Related: Sheffield United line up Rubén Sellés to take over from Chris Wilder as manager Separate disciplinary charges have also been brought against Wednesday's owner, Dejphon Chansiri, 'in respect of non-payment of player wages in March 2025 and May 2025,' the EFL said. The charges will be heard by an Independent Disciplinary Commission. A fee restriction means a club cannot pay or commit to pay any transfer fee, compensation fee or loan fee in the transfer market. Under EFL rules a club can still 'staff up' while under restriction but can only sign players on loan without paying a fee or 'players not registered with another Club'. According to reports, some Wednesday players were still waiting this week for their wages for the month of June to be paid. Under Fifa regulations, players who have not received their agreed compensation on two separate months in a calendar year are able to serve notice of their intention to terminate their contract with just cause. Advertisement Chansiri took control at Wednesday a decade ago and the Thai businessman's leadership of the club has been increasingly controversial. There has previously been late payment of tax bills, a six-point deduction in 2020 for breaching the EFL's profitability and sustainability rules and a threat last August to ban anyone who attended Hillsborough in a fake shirt. In 2023 Chansiri also said he would stop funding the club following criticism from supporters, but he is understood to have been injecting £3.5m into the club on a monthly basis in recent times. The Labour MP for Sheffield South East, Clive Betts, recently accused Chansiri of 'holding the club hostage' after he rejected bids to buy the club from an American consortium. 'It is clear that Chansiri does not have the ability or resources to fund and invest in Sheffield Wednesday,' Betts said. The club posted the EFL's statement on its website on Wednesday, adding that it was 'unable to make any further comments at this time'.
BBC News
2 days ago
- Business
- BBC News
Is Chansiri's asking price too high?
"The silence is killing everybody. Nobody knows what's happening; the managerial position, the wages position with the players, he's managed to pay some of the staff if not all of them," Ian Bennett of the Sheffield Wednesday Supporters Trust tells BBC Radio Sheffield."It's basically a disgrace. It should never have got to this situation."BBC Radio Sheffield's Football Heaven hosts special guests including Bennett, Clive Betts MP, former owner Milan Mandaric and Daily Telegraph journalist Mike McGrath to talk about the financial turmoil surrounding Sheffield Wednesday under current owner Dejphon episode was recorded before the club was handed restrictions over spending in the next three transfer windows after failing to pay staff wages on Chansiri seemingly unwilling to sell the club for less than £100m, many Owls fans are beginning to worry that the Thai businessman has unrealistic while some see Chansiri's valuation as an inflated price, according to football finance expert Professor Dan Plumley the devout fan base and potential of Premier League football does make the purchase price "tricky"."What we often miss in club takeovers is the sell of the upside," Plumley said."That's where you can start to stretch those valuations and we can have an argument about whether they are realistic or unrealistic in the context of the finances - but with a football club, you are buying into that other side of things as well."Watch the full radio special on BBC iPlayer.
Scottish Sun
2 days ago
- Business
- Scottish Sun
‘It needs a big rescue' – Former Premier League owner, 86, to jet in for talks to save stricken Sheffield Wednesday
Another consortium have already failed with major offer ONE IN A MIL 'It needs a big rescue' – Former Premier League owner, 86, to jet in for talks to save stricken Sheffield Wednesday Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) FORMER Sheffield Wednesday owner Milan Mandaric has jetted to England for talks to help save his old club. The Serbian chief was in charge of the Owls between 2010 and 2015 before selling them to current owner Dejphon Chansiri for £37.5million. Sign up for Scottish Sun newsletter Sign up 2 Milan Mandaric is in talks to save former club Sheffield Wednesday Credit: Getty 2 Current owner Dejphon Chansiri is not longer investing in the club Credit: Getty Mandaric, who also previously owned Portsmouth and Leicester, has since been watching things unfurl at Hillsborough, with Chansiri no longer investing his own money amid talks of a new sale. An American consortium boasting an ex-Premier League star, a major celebrity and several Major Baseball League stars are leading the takeover race after already having a £48m offer rejected. They have even promised to build a new 55,000-seater stadium in a bid to become more popular in the States than Ryan Reynolds' Wrexham. But Mandaric claims he wants to be the one to 'help' Wednesday get out of their current sticky situation. READ MORE IN FOOTBALL GLEE WREX Former Premier League club in 55,000-seater new stadium proposal Admitting he was 'not very happy' to leave in 2015, Mandaric slammed Chansiri for making false promises when taking over the club. The veteran football guru insists he is now ready to return to Sheffield with a bold plan to get things back on track. But he feels Chansiri is asking for way too much money to sell stricken Wednesday. Mandaric told Radio Sheffield: 'He (Chansiri) gave me all the commitments in the world, that he's got the money, the desire. That he's got family there, and they all talked the same way. BEST FREE BETS AND BETTING SIGN UP OFFERS 'I was not very happy to leave the club, but there were circumstances - it was my time to leave. But I was kind of relaxed and relieved that he would continue to do a good job. 'He took the wrong direction, and advice, and now the club is where it is today. And who is suffering the most are those loyal supporters. 'Arrogant' Sheffield Wednesday chairman Dejphon Chansiri slammed for shoving young fan who filmed him while singing song 'It definitely needs a big rescue now, we all know that, all of us who love Sheffield Wednesday. 'I'm going to meet in London, I'm arriving there next week and I'm going to talk to some people about that, I have a plan to do so. 'I have my ex-manager who was there, Paul Aldridge, and John Redgate, who all worked for me - they know what's going on. And I want to see what could be a possibility to takeover that club. 'I would have to get involved if I'm going to bring somebody, I'd have to get involved myself - I have no problem with that. 'There are two things, you have to find the right person, but more importantly you have to have Mr. Chansiri to agree on that - and that's the difficult part. 'He doesn't want to sell it, he's asking a crazy price - he will never get over £100m as I understands… He'll be an obstacle no matter what we try to do.'
