Sheffield Wednesday have only three Championship games left until they enter League One.

The Owls have had a horrible season both on and off the pitch, but there is now some light at the end of the tunnel.

Dejphon Chansiri’s serious financial misconduct caused the Yorkshire outfit to enter administration in October.

However, a consortium formed by David Storch, known as Arise Capital, has agreed to buy the Championship club, with the EFL’s approval needed to complete the transaction.

Henrik Pedersen’s side has won just one of its 43 league games this season, but fans are hopeful for a better future under new owners.

Here’s the latest on Sheffield Wednesday’s takeover dilemma.

Dejphon Chansiri’s £7.4 million danger.

According to Alan Nixon, Chansiri might face a £7.4 million payment if Sheffield Wednesday are not sold.

The Thai businessman has generated a lot of problems during the purchase process, putting the Owls at risk of a 15-point penalty deduction for next season.

According to reports, the £20 million paid to buy the club is insufficient to meet the EFL’s regulations for paying creditors at a rate of 25p per pound, with the money due to Chansiri considered as a key sticking point.

If this stumbling block is not solved, and the plan to buy the Yorkshire outfit falls through, the former Sheffield Wednesday owner will be forced to pay a £7.4 million penalty if the club fails.

Dejphon Chansiri’s U-turn

Alan Nixon said that Chansiri had reversed his position on the debt owed to him by the new Sheffield Wednesday owners.

Storch issued a statement earlier this month claiming that he had received no contact from the Thai businessman about potentially writing down or restructuring the money owing him.

However, it is now understood that he has made contact with Arise Capital, which could lead to a dialogue that helps avoid a 15-point deduction punishment for next season.

It remains to be seen whether an agreement can be achieved, but the fact that conversations are now underway is encouraging.

EFL asked to take action against Sheffield Wednesday.

Former Everton CEO Keith Wyness has encouraged the EFL to forgive Sheffield Wednesday’s 15-point punishment if an agreement cannot be reached with Chansiri, arguing that it would unfairly punish the club.

He feels the EFL should apply its regulations consistently, but argues that punishing the Owls for the activities of a terrible owner is unfair and should not be enforced.”The EFL will probably say that this is how they want to apply the rules consistently in all situations,” Wyness told Football Insider.

“However, this only punishes the club, not a terrible owner in Chansiri.

“That is the attitude that they have got to take.”They are now doing everything the EFL and the new independent regulator have stated they do not want to do.

“This is about helping and rescuing football teams, and what they’re doing now is making it much harder.

“Although Chansiri did try hard at the start, he proved to be a bad owner in the end.”He should not be compensated or offered assistance with his investment.I’m afraid the EFL will have to look at the rulebook and make an exception in this circumstance, which should be welcomed by other EFL clubs.

“That is the way forward, to support clubs themselves and make sure the punishment is not on the club but is on the owner that creates the problem.”

Carlos Carvalhal makes Sheffield Wednesday’s huge claim.

Carlos Carvalhal, former Sheffield Wednesday manager, has discussed the club ahead of Storch’s prospective takeover.

He believes the Owls are still a force to be reckoned with, despite their terrible year, which includes relegation to League One.

“I was with a club that is a giant, because they have a massive support, even (though) they will be in League One,” Carvalhal told Talksport.

“For me, it’s a Premier League team with a strong enthusiasm.

“I witnessed the last game.

“I believe they played away; they had a full allotment. “It’s unbelievable.”

He stated on his personal X account that “SWFC, even in League One, will always be a giant…”

The Portuguese coach has emphasized the scale of Storch’s assignment, which will be to develop a competitive team as swiftly as possible in order to return the Yorkshire outfit to the Championship, and possibly even the Premier League.