Is Chansiri's asking price too high?
"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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
14 hours ago
- USA Today
Meet the four sister acts that have won on the LPGA, including the first set of twins
LPGA rookie Akie Iwai joined twin sister Chisato as a first-time winner on LPGA after her dominating victory at the Stanford Portland Classic. The Iwais are the fourth sister act to win on the LPGA, and the first set of twins. Sister sets have been part of the tour since the beginning. Alice Bauer and Marlene Hagge-Vossler were both founders of the LPGA in 1950. While Hagge-Vossler won 26 times on the LPGA, Bauer never did win, becoming a mother shortly after the tour started. How much of an impact is it to have a sister by your side? Three have risen to No. 1 in the world. Chisato, who tied for third in Portland, won earlier this year at the Mexico Riviera Maya Open at Mayakoba. Together they have 14 wins on the JLPGA. Akie rose to No. 24 in the world after her victory; Chisato ranks 30th. Here's a look at three other winning sister acts on the LPGA: Annika and Charlotta Sorenstam Charlotta Sorenstam, known as "Lotta," is two years younger than Annika. Her lone victory on the LPGA came in 2000 at the Standard Register Ping, where she defeated Karrie Webb by two strokes. She also joined her sister on the 1998 European Solheim Cup team. Charlotta won the 1993 NCAA Championship title at Texas. Annika had won it two years prior while at Arizona. Annika, of course, is a 72-time winner on the LPGA, including 10 majors. After Charlotta's playing career ended, she worked as the head teaching professional at her sister's academy. She currently works as a Performance Coach at the IMG Academy in Bradenton, Florida. Ariya and Moriya Jutanugarn The Thai sisters teamed up to win an LPGA title at the Dow Championship four years ago. The elder Moriya, 31, who goes by "Mo," is a three-time winner on the LPGA. Ariya, 29, is known as "May" and joined the LPGA two years after her sister. A 12-time winner on the LPGA, Ariya became the first Thai player, male or female, to win a major championship and rise to No. 1 in the world. Ariya won the 2016 Women's British Open and 2018 U.S. Women's Open. Jessica and Nelly Korda Nelly Korda points to older sister Jessica as a major inspiration to her decorated LPGA career. The longtime No. 1 is now a 15-time winner on tour and a two-time major champion. At 27, Nelly is five years younger than Jessica, who is currently on maternity leave. Jessica won six times on the LPGA between 2012 and 2021 and is eyeing a 2026 return to the tour. Earlier this year, Jessica worked as an on-course reporter for coverage of the Amundi Evian Championship, following Nelly's group.
Yahoo
a day ago
- Yahoo
Thailand Warns of Hit From US Tariffs Even as Growth Beats
(Bloomberg) -- Thailand's top economic council called for urgent structural reforms as exports are threatened by US tariffs, even after second-quarter growth surpassed estimates on a rush by businesses to ship goods to beat the new levies. Gross domestic product in the three months through June rose 2.8% from a year earlier, the National Economic and Social Development Council said Monday. That exceeded the 2.7% median estimate in a Bloomberg News survey, and compared with a 3.2% pace in the first quarter. The US-Canadian Road Safety Gap Is Getting Wider A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds The baht was little changed at 32.44 to the US dollar after the data, which showed that exports had countered a weak domestic economic performance. Thailand's benchmark SET Index fell 0.3%, headed for its third straight day of losses. The Southeast Asian nation is bracing for a potentially prolonged bout of economic weakness, thanks to the recently imposed 19% tariff on shipments to the US, its biggest export market. Tourism has also faltered, while sentiment hasn't been helped by a bout of domestic political instability which has seen the prime minister suspended from office. There were also recent, deadly border clashes with Cambodia. Frontloading Goods Like other Asian economies in the first half of 2025, Thailand appears to have benefited from the frontloading of exports ahead of President Donald Trump's tariffs. But even though its 19% levy is in line with that of most Southeast Asian nations, NESDC chief Danucha Pichayanan said Thailand risks losing out to its neighbors. 'The impact of US tariffs is the biggest challenge for the Thai economy,' Danucha at a briefing in Bangkok. 'We are still facing a risk of losing market share in some products. Our effective tax rate is still higher in some products. So, we need to adjust ourselves.' Thailand is likely to retain its market share in rice, rubber, motorcycles and raw materials for pet food, but could lose sales in telephones, hard disk drives, machinery and auto parts, the NESDC said. The Thai economy grew 3% in the first six months of 2025, and Danucha said the economy can still grow in the second half, but the pace won't be as high as 2%-3%. 'The Thai economy has structural problems, so it's hard for us to have high growth at our potential level of around 3%,' Danucha said, cautioning that efforts to restructure the economy are taking time. 'The US tariffs may help accelerate our economic reform.' The council's call for reform echoes concerns among analysts. Moody's Warning 'Thailand's growth potential is likely to weaken further as limited progress on long-term reforms, domestic political uncertainty and heightened global trade instability compound deep-rooted structural issues,' Moody's Ratings said in a report last week. 'The weakening economic outlook will curb scope for fiscal consolidation amid tepid revenue growth and little room for additional spending cuts.' Danucha said the recent border conflict with Cambodia is unlikely to have a major impact on the economy, as the affected areas are not significant industrial zones. And Cambodian workers who have left Thailand can be replaced by staff from other countries, he said. But the council now expects only 4 million Chinese tourist arrivals this year, down from a 6 million forecast, as Chinese travelers opt for other destinations such as Japan. The economy grew 0.6% from the first quarter, beating the 0.5% forecast. The government tweaked its 2025 outlook to a range of 1.8% to 2.3% from 1.3% to 2.3%, effectively lifting the midpoint from 1.8% to 2%. Political Situation Those estimates don't take into account the domestic political situation, according to the council, which noted that the 2026 budget has almost been finalized. The Bank of Thailand last week cut the nation's benchmark rate for the fourth time since October to help support the fragile economy. Monday's data showed continued domestic weakness. What Bloomberg Economics Says... The milder-than-expected slowdown in Thailand's GDP growth in the second quarter doesn't mean the Bank of Thailand is finished easing. With tourism slumping, the climate for investment weak, the front-loading boost to exports poised to end, and US tariffs set to bite harder, we expect the BOT to cut its key rate by 25 basis points to 1.25% at its next meeting in October. — Tamara Mast Henderson, Asean economist For the full note, click here 'Export of goods continued to grow favorably, while private investment returned to expansion,' the council said in a statement. 'Meanwhile, private consumption expenditure, government consumption expenditure, public investment, and export of services decelerated.' The nation's biggest private sector group earlier this month raised its 2025 growth forecast to 1.8%-2.2% after Thailand secured the 19% US levy, which is lower than the earlier threatened 36%. Still, it warned that intense price competition, a strong baht and the slowdown in tourism could weigh on the economy in the second half of the year. --With assistance from Shinjini Datta. (Adds details throughout.) What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch How Syrian Immigrants Are Boosting Germany's Economy Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan ©2025 Bloomberg L.P.
Associated Press
5 days ago
- Associated Press
PRCA Thailand Conference Reveals Nine in Ten Thais Want Transparency as AI Use Explodes
BANGKOK, THAILAND - Media OutReach Newswire - 14 August 2025 – As Thailand accelerates investment in artificial intelligence (AI), new research from PRCA APAC and YouGov reveals that trust is the cornerstone of public acceptance. While there is cautious optimism and strong calls for regulation, the Thai public expects transparency from brands and institutions to build and maintain that trust. PRCA 1 Presented at the inaugural PRCA Thailand Conference 2025, the study, titled 'The Impact of AI on Thai Society', reveals a complex national picture. While Thailand is emerging as a regional leader in AI, with a USD 15.4 billion investment in infrastructure and a national plan to produce 90,000 AI professionals, the public remains sharply aware of the risks that come with rapid adoption. Key highlights from the research include: 'Trust and transparency aren't just public expectations, they're now brand imperatives in the AI era,' said Dr. Karine Lohitnavy, Chair of PRCA Thailand and Founder of Midas PR. 'As communicators, we have a vital role to play in bridging the gap between innovation and understanding. That means helping the public make sense of AI's impact while holding brands accountable to ethical, human-first storytelling.' Speaker Narongyod Mahittivanicha, Founder of TWF Agency and Vice President of the Artificial Intelligence Association of Thailand, reinforced the irreplaceable role of human creativity in public relations. Referencing a recent viral Coldplay-related campaign known as the 'Astronomer CEO' crisis response, he noted that the level of creativity, emotional intelligence, and nuance involved is something AI cannot yet replicate. In a fireside chat titled 'Viva La Press Release! Old Format, New Tech,' Jennifer Kok, Founder and CEO of Media OutReach Newswire, said: 'In today's digital publishing and AI era, press releases play a vital role in driving brand trust through verbatim, guaranteed posting on authoritative news websites. These features give PR professionals the ability to control the narrative of key corporate messages, building brand equity with targeted journalists and media across their chosen markets. The advancements in AI will further empower the public relations industry.' Panel discussions included leaders from Microsoft Thailand, SCBx, Predictive, and Xponential Co., exploring AI's real-world applications in PR, brand reputation, and public perception. Moderated by Edelman Thailand's Vorasit Turongsomboon and digital creator Tossapol Leongsuppon, the panels addressed ethical governance, influencer transparency, and the public's call for structured AI education and stronger regulation. Jaruwan Vorarakthananun, Communications Lead at Microsoft Thailand, said: 'AI isn't here to replace communications professionals—it's here to empower us. Generative AI is still evolving, learning every day. It's up to us to guide its growth and ensure it truly works for us. Don't hesitate to adopt AI into your daily work. Treat it as a trusted assistant that helps us work smarter, faster, and with greater impact.' PRCA 2 The inaugural PRCA Thailand Conference took place on 6 August 2025 at SCBx NEXT Tech, Siam Paragon, bringing together professionals from Thailand's public relations, business, and technology communities. The conference was supported by Gold Sponsor Media OutReach Newswire and other sponsors, including Edelman Thailand, MIDAS-PR, Moonshot Digital, Vero, SCBX, and YouGov. More information on the PRCA Thailand Conference and images are available online. The Impact of AI on Thai Society whitepaper can be read here. Hashtag: #PRCAThailand The issuer is solely responsible for the content of this announcement. About PRCA The Public Relations and Communications Association (PRCA) is the world's largest professional PR body. We represent more than 35,000 PR professionals in 82 countries worldwide, and we are a global advocate for excellence in public relations. PRCA APAC was founded in 2018 to further our growth across the APAC region. Our mission is to create a more professional, ethical and prosperous PR industry. PRCA Thailand is building a community for PR and communications pros to level up. Through expert training and exclusive events, it helps boost skills and deliver real results. By connecting professionals and raising industry standards, PRCA Thailand is shaping the future of communications. It fuels collaboration and ensures PR's voice is heard loud and clear across Thailand's economy.
