Billionaire now ‘considering’ Sheffield Wednesday takeover from Dejphon Chansiri after key decision
The news comes days after a former Premier League chairman publicly recommended the purchase of Sheffield Wednesday to the American live on air.
The turbulent summer at Sheffield Wednesday has taken another twist, as a new party has lodged its interest in buying the Owls amid the club’s financial turmoil.
Sheffield-born, American-based businessman Adam Shaw wants to buy the club with his consortium, but has reportedly had £75m offers rebutted by current Owls owner Dejphon Chansiri.
Aside from Shaw’s consortium, former Wednesday owner Milan Mandaric is trying to help the situation, and could become involved in a potential takeover.
However, in music to the ears of Sheffield Wednesday supporters, a new, wealthy party has become interested in taking over at Hillsborough.
- READ MORE: Former Sheffield Wednesday star tips key duo to make move to Championship rivals
Billionaire John Textor ‘considering’ buying Sheffield Wednesday
Sheffield Wednesday finished in mid-table security last term. Yet, their post-season summer has been anything but stable, with owner Chansiri failing to pay some players for May, and some club staff having to take up emergency funding last month amid the ongoing financial crisis.
The situation has seen Sheffield Wednesday hit with a transfer window punishment, prohibiting the club from shelling out transfer or loan fees for players for the duration imposed by the EFL.
Despite this, days after TalkSport pundit and former Crystal Palace chairman told the two aforementioned prospective Owls owners why they should buy Sheffield Wednesday, billionaire businessman John Textor is now reportedly “considering a move to buy Sheffield Wednesday”.
Jordan said on TalkSport: “I was talking to John Textor the other day, if he comes out of Palace, I was saying to him, that’s the football club you should be buying if you want to buy another English football club.
“I think it’s a club that you can buy and get huge momentum behind.”
The Sheffield Star revealed that American Textor is weighing up a takeover of Sheffield Wednesday, days after selling his shares worth 43% in Premier League outfit Crystal Palace to New York Jets’ owner Woody Johnson for a reported fee of around £190m, with the Owls now on his radar for his new venture.
In addition, The Star outlines that Textor is looking for an immediate re-investment in English football, most likely the Championship, and that Wednesday are one of several teams being considered by Textor.
Sheffield Wednesday supporters will be excited at the prospect given Textor’s standing in football ownership.
- READ MORE: Dejphon Chansiri was sent stern warning in 2017 that decision would crumble Sheffield Wednesday, he did not listen
Who is potential new Sheffield Wednesday owner John Textor?
American billionaire businessman Textor is a member of the Eagle Football Holdings Group, which owns significant stakes in Brazilian giants Botafogo, Belgian side Daring Brussels, youth project FC Florida, as well as French top flight powerhouses Olympique Lyonnais.
Textor is the former executive chairman of streaming service FuboTV, and has been given the nickname “Hollywood’s Virtual Reality Guru” for his exploits in the digital media and entertainment world.
Most recently, Textor sold his stake in Crystal Palace following their Europa League qualification, because they threatened to be a stumbling block in the Eagles’ participation in the competition, given that the 59-year-old is also a shareholder in Lyon, who are also poised to play Europa League football next season.
As a result of UEFA’s multi-club ownership rules, Palace could have missed out on European football after their 1-0 victory over Manchester City in the FA Cup Final.
Following Textor’s shares in the Eagles being sold, Crystal Palace are now valued over the £400m mark.
Textor has the funds available with his football club investments and holdings in FuboTV to make a play to buy Sheffield Wednesday, although he would have to convince Chansiri to come down from his “astronomical” Owls asking price.
Former Sheffield Wednesday star tips key duo to make move to Championship rivals
A former Sheffield Wednesday attacker believes that two of the club’s star players would be a perfect fit for one of their Championship rivals.
Wednesday have been hit with a three-window fee restriction, meaning they can only negotiate loans and transfers that require no fee.
There could be light at the end of the tunnel though as Adam Shaw could be in line to replace Owls owner Dejphon Chansiri after a constructive round of talks.
Things aren’t better on the pitch, however, with Danny Rohl looking to leave Hillsborough and several players out of contract, with two being told that they would suit one league rival.
- READ MORE: £85m Sheffield Wednesday takeover verdict issued as Dejphon Chansiri saga evolves, ‘Middle East or private equity…
Barry Bannan and Stuart Armstrong tipped to join Wrexham
Barry Bannan is Mr Sheffield Wednesday and a popular figure among supporters
Bannan and Stuart Armstrong are two of the more senior figures at the club but are both set to leave with their contracts up at the end of the month and money tight.
There are hopes that Bannan can commit to a new deal but according to former Owls forward Kevin Gallacher, a move to Wrexham may suit them instead.
He told the Sunday Post: “I have seen both men in action in the Championship and have no doubt they could do a job for Wrexham, Bannan especially as he is not only a footballer with fantastic technical ability but also an extremely hard worker.
“As we have seen for Scotland, Celtic and Dundee United on numerous occasions, Armstrong is an attacking player with a lot of quality. Again, he has a lot of experience in the game and would look an excellent signing for Wrexham to make.”
