Dejphon Chansiri’s contentious decade-long tenure as Sheffield Wednesday owner came to an end in October 2025, when the club’s financial problems reached a breaking point. Unpaid player pay, substantial tax issues, and poor financial management eventually sent the Owls into administration.

The club then endured a six-month hunt for new ownership, with an earlier acquisition effort failing before American investment group Arise Capital Partners, led by David Storch, emerged as the preferred bidder.

In May 2026, Storch’s consortium completed the purchase of Sheffield Wednesday and the Hillsborough Stadium. The new owners also reached a deal with the EFL to waive an additional 15-point deduction, ending Chansiri’s turbulent relationship with the club.

However, another revelation regarding the former Owls chairman has emerged, which is likely to pique Wednesday fans’ interest.

Blue Steel Beverages Ltd, owned by Dejphon Chansiri, has collapsed.

Chansiri is from one of Thailand’s wealthiest business families, with much of the family’s fortune tied to Thai Union Group, the world’s largest canned tuna producer.

Although he never held an official role with the corporation, Chansiri pursued his own business interests, which included property development, building, and shipping. However, several of these ventures reportedly failed to generate significant revenues.

According to the BBC, Chansiri made an ambitious promise when he bought Sheffield Wednesday in 2015, claiming the team could reach the Premier League within two years.

He originally funded major transfer expenditures by making personal loans to the club and turning to outside lenders. Some of the loans were secured against the Hillsborough Stadium.

Despite coming close to promotion in successive play-off campaigns, Wednesday’s expenditure led to major financial troubles. The club had Financial Fair Play issues, received point deductions, and eventually plummeted down the divisions.

The absence of continuous earnings makes the issue more difficult to manage. Chansiri’s reliance on borrowing and director’s loans became unsustainable, and overdue tax obligations and unpaid wages exacerbated the financial situation that led to administration.