The soon-to-be former Sheffield Wednesday owner is claimed to be willing to negotiate with his possible successor, David Storch, over the money owing to him by the club.

As the 2025-26 season comes to a close, Sheffield Wednesday fans will be relieved, but what their 2026-27 season will look like remains to be seen. The club’s prolonged takeover, which has lasted over six months, is not yet complete.

Because Sheffield Wednesday has been in administration since the end of October, the EFL has strict rules for exiting that legal process, and one of their key requirements is that unsecured creditors receive a minimum dividend of 25p in the pound from the sale, and that if this does not occur, the club will be docked 15 points for the start of the following season.

Wednesday has had two preferred bidders since being formally listed for sale. The first, led by professional gambler James Bord, met the criteria, but when his offer failed in February, the second, from the Storch family’s Arise Capital consortium, did not.

David Storch has been negotiating with the EFL in the hopes of removing the points deduction, but a statement he made earlier this week stated that the EFL would not allow it. Storch has three alternatives for proceeding with the sale: increase the bid size, accept the points deduction, or reduce the club’s debt to satisfy the criteria.”

Immature and petulant” – Major Sheffield Wednesday questions thrown on Chansiri debt discussions

Sheffield Wednesday’s biggest creditor is soon-to-be former owner Dejphon Chansiri, and Storch’s statement indicated that Chansiri had blocked attempts to discuss what he owed. However, subsequent reports have suggested that Chansiri may be willing to negotiate after all.

Football League World interviewed Wednesday fan commentator Patrick McKenna on the potential outcome of negotiations. However, Patrick is skeptical that they would be successful.Patrick told FLW, “I think this will go absolutely nowhere.”Dejphon Chansiri has often demonstrated that he is immature, petulant, and devoid of common sense. “He will not engage in mature or reasonable negotiations.”Instead, if you negotiate with him, he will make ridiculous demands, and any conversations would be futile.”

Patrick bases his thesis on his experience with Chansiri’s ten-year ownership at Hillsborough.Patrick expressed doubt that Chansiri will engage in successful negotiations with David Storch’s consortium, citing his historical actions over the past decade.If Dejphon Chansiri had any humility or decency, he would relinquish his claim, making those conversations unnecessary; nevertheless, he would never do the right thing for Sheffield Wednesday.

David Storch may find it difficult to negotiate with Dejphon Chansiri, based on his history.

It was reported last summer that there was interest in purchasing Sheffield Wednesday, but this had stopped due to what were widely regarded as outrageous demands made by Chansiri.

An American-based syndicate reportedly made two bids to buy the club last summer for £30 million and £40 million, but both were rejected by Chansiri, with the club’s owner labeling the first “derisory”. It was determined that Chansiri was holding out for his club’s worth, which he estimated to be £100 million, but football finance specialist Kieran Maguire regarded this as “naive.”

Almost a year later, the game’s regulations have completely changed. There were signs that the club would go bankrupt before the summer transfer window closed. Wages were already being paid late at this point. However, administration is a legal procedure governed by regulations that all parties involved must follow.

Chansiri will have filed a claim for whatever he contributed to the club throughout his 10 years of ownership, and he is legally entitled to that sum. Nobody can force him to reduce it. However, there is a strong case to be made that, given that the organization’s massive financial losses were ultimately his responsibility, he has a moral obligation to cut that amount in order to provide a fresh start for the club.

A 15-point deduction at the start of next season would be extremely detrimental to Sheffield Wednesday’s rebuilding efforts. It would not guarantee relegation from League One next season, but it would make an automatic return to the Championship exceedingly unlikely. And, with a major makeover of the club’s playing roster required at the end of this season, such a cut may prevent the very players Wednesday needs from joining the club.

The costs of such a point deduction may have a more indirect impact on the club. Supporters may be less likely to purchase season tickets if they fear the club will be unsuccessful again next season, and the value of all commercial and sponsorship partnerships may suffer as a result. To put it another way, imposing a points deduction for next season would imply that, while Sheffield Wednesday received a break from the past as a result of new ownership, it would not be a clean one.

Talks with the EFL have stalled, as they were always going to do. There would be little point in having a rule like the 25p threshold in the first place if they broke it, and with the Independent Football Regulator taking over responsibility for this type of thing on May 1st, they do not want to appear soft on this issue at this time.

However, as has been seen in the past, Dejphon Chansiri’s expectations have not always been in line with the reality of Sheffield Wednesday’s situation, so Sheffield Wednesday fans can understandably wonder what chance there is of anything meaningful coming from those that he has been said to be open to now.