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(Credit: Imago)

James Murray

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)

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 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)

In terms of transfer activity, Sheffield Wednesday have snubbed offers for Pierce Charles from West Ham and Rangers.
For more news relating to West Ham, visit our sister site WHU Latest Live.