Sheffield Wednesday's future has been thrown into serious doubt after owner Dejphon Chansiri delivered a shocking ultimatum to supporters, threatening to place the historic club into administration if they fail to purchase it from him.
The Thai businessman, who has owned the Owls since 2015, made the explosive announcement during a tense press conference at Hillsborough Stadium, revealing the club faces a £2 million tax bill that must be paid immediately to avoid severe consequences.
Financial Crisis Deepens at Hillsborough
Chansiri didn't hold back in his criticism of the fanbase, stating: "If you think I am the problem, then you have to buy the club from me. If not, then you have to answer the question - who will run this club?"
The situation has escalated dramatically following the club's relegation from the Championship last season, with financial pressures mounting despite Chansiri having invested over £150 million during his eight-year tenure.
Administration Threat Looms Large
Administration would represent a catastrophic outcome for the famous Yorkshire club, potentially resulting in:
- A mandatory 12-point deduction in League One
- Severe restrictions on player transfers and contracts
- Possible asset sales including Hillsborough Stadium
- Long-term financial instability
Chansiri's relationship with supporters has deteriorated significantly in recent months, with protests becoming increasingly vocal as the team's fortunes declined both on and off the pitch.
Fan Reaction and Club Legacy
Sheffield Wednesday, founded in 1867, is one of English football's oldest clubs with a rich history that includes four First Division titles and three FA Cups. The current crisis represents one of the most challenging periods in the club's 156-year existence.
Supporters' groups have expressed deep concern about Chansiri's ultimatum, with many questioning the feasibility of fan ownership given the club's substantial debts and ongoing financial commitments.
The situation remains fluid, with the club's immediate future hanging in the balance as the deadline for the tax payment approaches.
