Sheffield Wednesday owner rejects 'derisory' takeover bid from US consortium
Sheffield Wednesday supporters protested against the ownership of Dejphon Chansiri en masse at Saturday's final home game of the season against Portsmouth
Under-fire Sheffield Wednesday owner Dejphon Chansiri has rejected a 'derisory' takeover bid for the beleaguered Championship club from a US-based consortium.
Protests against Chansiri's ownership at Hillsborough stepped up a notch on Saturday when the Owls faced Portsmouth in their final home game of the season.
A march of supporters from the site of the Adelphi Hotel, where the club was formed, was joined by thousands of Wednesday fans through Hillsborough Park prior to kick-off.
In the stadium, supporters held aloft black and yellow leaflets and released balloons of the same colour as supporters urge Chansiri to sell up after a tumultuous 10-year reign.
Despite previously insisting he had not received any concrete offers for the club, Wednesday have now confirmed Chansiri has rejected a bid from the Stateside group, report the Sheffield Star.
A club spokesperson said: "We can confirm an expression of interest was received from USA-based investors, working together with a previous sponsor of the club. No proof of funds was presented, nor the identity of the investors, and the offer was derisory.
'In addition, outstanding monies owed to the club by the previous sponsor in respect of a commercial partnership remain.
'On the basis of all the above, the offer was declined. Mr Chansiri has made clear the criteria for potential investors to follow, after which he would enter into further discussions.'
The consortium is understood to be made up of successful business people and professional athletes. Adam Shaw, a Sheffield-raised Owls fan now based in Florida who has previously sponsored the club, is said to be involved.
Opposition to Chansiri's ownership has stepped up a notch in recent months following a disastrous fans' forum and subsequent failure to pay players and some staff on time.
Despite insisting he doesn't want to relinquish control of the club, Chansiri's stance on selling does appear to have softened amid increasing pressure.
He said in a statement earlier this month: "I am still here for our club, for the future of all of us and please let me make my situation clear. I do not have the intention to sell, I love this club.
"But if today, tomorrow or another day in the future, if there is someone out there better, more suitable and has the potential to take care of our club, I am ready to pave the way for Sheffield Wednesday to move forward from a stronger position.
"I am happy to leave if Sheffield Wednesday is left in a better place. It is not just about the price, it is about the right individual or group to take our club forward. And if someone was to come forward, I can assure you I am happy to listen and happy to talk."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
16 minutes ago
- Reuters
Cavaliers G Darius Garland (toe surgery) out 4-5 months
June 9 - Cleveland Cavaliers All-Star guard Darius Garland underwent surgery on his big toe and will be sidelined four to five months, the team announced Monday. However, the team also said that Garland would "resume basketball activities by the start of training camp," which generally begins in late September. Garland, 25, was plagued with the sprained toe down the stretch of the regular season. He only played in five of the Cavaliers' nine playoff games. The Cavs lost in five games to the Indiana Pacers in the second round. Garland earned his second All-Star nod in 2024-25, averaging 20.6 points and 6.7 assists in 75 starts, leading the Cavs to the No. 1 seed in the Eastern Conference playoffs. Garland averaged 18.9 points and 6.7 assists in 382 career games (378 starts) over his six seasons with the Cavaliers, who selected him No. 5 overall in the 2019 draft. --Field Level Media
Daily Mail
20 minutes ago
- Daily Mail
EXCLUSIVE The REAL reason Olympic hero Ryan Lochte and Playboy wife are divorcing: Decade-long dark 'spiral' revealed
Not for the first time, Ryan Lochte was forced to address some shocking revelations. And, not for the first time, he chose to omit some rather crucial details. Earlier this week, the Olympic swimmer's wife, Kayla Reid, announced that she had filed for divorce after seven years of marriage. In a statement on social media, the former Playboy Playmate detailed the pain of leaving Lochte.
Rhyl Journal
24 minutes ago
- Rhyl Journal
Building materials firm Lords Group buys rival CMO in rescue deal
London-listed firm Lords said it acquired the 'trade and assets' of CMO for around £1.8 million as part of a pre-pack administration. The deal will secure the future of around 120 workers at Plymouth-based CMO, who will join the wider Lords group. CMO, which was founded in 2008 as Construction Materials Online, sells more than 140,000 products to trade professionals and households through a raft of specialist superstore-branded company was listed on London's AIM junior stock market until February, when it delisted in order to help preserve funds. The firms highlighted that the deal will not include the Tiles business previously owned by CMO. Dean Murray, chief executive of CMO, said: 'The acquisition marks a new and exciting chapter for CMO. 'We have built a strong, digitally-led business over the past 15 years, and in Lords, we have found a partner that not only understands our model but shares our ambition. 'I am incredibly proud of what the CMO team has achieved and excited about what is next.' Shanker Patel, chief executive of Lords, said: 'We are delighted to welcome CMO into the Lords family. 'CMO brings a well-established digital platform, strong customer reach, and a specialist product-led approach that complements our own. 'This partnership allows us to blend traditional merchanting strengths with cutting-edge digital capabilities. 'We are also mindful of the impact of the pre-pack administration process on affected parties and are committed to conducting the transition with respect.'
