SHEFFIELD WEDNESDAY owner Dejphon Chansiri owes more than £4million in football debts — which will have to be paid by whoever buys the club.
The extent of the cash woes has emerged during takeover bids by several groups in recent weeks.
Sheffield Wednesday owner Dejphon Chansiri owes more than £4m in football debts[/caption]
The Owls are already under embargo for missing pay days for players and failing to settle transfer bills.
But the biggest snag is the taxman, with HMRC due a huge £2.2MILLION for June and July.
There seems little scope for a deal there, so the cash will have to be found or serious action could come Wednesday’s way.
Chansiri hopes to raise funds by selling Djeidi Gassama to Rangers and Anthony Musaba to Turkish side Samsunspor.
US sports entrepreneur Tilman Fertitta, 68, has made an offer to Chansiri.
The cost of the deal is being kept secret and will be subject to the usual due diligence phase.
Fertitta may lodge cash to help settle some bills in the short term as the process is bound to take weeks.
But he seems a far more credible candidate than many who have chased the Yorkshire club ownership.
Fans have protested against Chansiri and pleaded with him to sell the club[/caption]
American entrepreneur Tilman Fertitta has submitted an offer to Chansiri[/caption]
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Fertitta has a basketball team in Houston, is an ally of Donald Trump, and is seen as a leading expert in business and sport.
Chansiri says he is willing to sell the club to “the right individual, or group, to take it forward”.
The club’s dire financial situation is now having an impact on a sporting level after six stars reportedly handed in notices, with Chansiri refusing to inject any more cash into the coffers.
While manager Danny Rohl hasn’t returned to pre-season training and is seeking a way out of his contract amidst interest from other clubs.
