Sheffield Wednesday: Kieran Maguire discusses Dejphon Chansiri’s ownership of the club

Image for Sheffield Wednesday: Kieran Maguire discusses Dejphon Chansiri’s ownership of the club

Football finance expert Kieran Maguire has recently discussed Dejphon Chansiri’s ownership of Championship club Sheffield Wednesday.

In 2015, Chansiri acquired a 100% stake in the Yorkshire side from the Owls’ former owner Milan Mandaric (per BBC).

Since the Thai businessman’s arrival at the club, Wednesday have failed to achieve promotion to the Premier League despite finishing in the playoffs twice (per Transfermarkt).

Garry Monk’s side currently sits bottom of the Championship having been hit with a 12-point deduction for breaking spending rules.

During the latest episode of The Price of Football podcast, a listener submitted a question asking if Chansiri will make money from owning the Owls, which Maguire shared his thoughts on.

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We'll kick off our latest EFL quiz with a Championship question. By how many goals did Luton Town beat bottom-of-the-table Sheffield Wednesday at the weekend?

He said: “Well if he does make money out of Sheffield Wednesday, especially when they started this season on -12 points, it will be a hell of an achievement.

“The owner, Dejphon Chansiri, acquired the club in January 2015. He’s missed a double, because in 2015, they lost £5m, the next year £10m, the next year £21m and the final year, 2018, they lost £38m.

“He’s still not published the [2019] accounts for reasons which are completely unclear, it is in breach of company law. So, nobody’s quite sure what his motivations are.

“Other than the kudos and potentially the ability to do some hospitality work, I’m not sure of the financial benefits of owning a football club in the Championship.”

TIF Thoughts on what Kieran Maguire had to say about Dejphon Chansiri…

As can be seen in what the finance expert had to say about Chansiri’s ownership of Wednesday, he is unsure of what the financial benefits would be for the Thai businessman.

He also explained that the Owls’ owner is currently breaching company law as he has not yet published the club’s latest set of accounts.

Are you happy with Dejphon Chansiri's ownership of the club?

No, he should sell us

No, he should sell us

Yes, he's been unfortunate

Yes, he's been unfortunate

Certainly, from a footballing perspective, it seems as though the Yorkshire club has gone backwards despite enjoying successful years immediately following Chansiri’s takeover.

In his first two full seasons, the club finished in the play-offs before consecutively finishing 15th, 12th and 16th while they currently sit in 24th position this term.

So, on the face of it, there seems to be very few positives from Chansiri’s time owning the club.

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