Sheffield Wednesday, who are run by owner Dejphon Chansiri, have had cashflow issues for some time.
There has been no official explanation by Chansiri on what has led to the problem but things have escalated recently.
The club has gone from delayed payments to His Majesty’s Revenue and Customs (HMRC) in 2023 and 2024 to players, coaches and staff now not being paid on time in both May and June.
They are now under three English Football League (EFL) embargoes, one relating to unpaid players, one to a further issue with HMRC and, on Thursday, a third one for failure to pay transfer fees.
They are under a registration embargo preventing them from signing anyone, even free transfers, until the outstanding wages are paid in full and can not make any transfers or loans which involve a fee for this summer’s window and the two in 2026.
No official explanation has been offered by Chansiri on what has led to the current crisis and there is no obvious solution to the problem under the current owner.
The situation at the club has been described as “shocking” and “not tolerable” by Maheta Molango, the head of the Professional Footballers’ Association.
Meanwhile, Sheffield South East MP Clive Betts has urged Chansiri to sell the club, accusing him of holding it “hostage”.
Betts, a life-long Owls fan, said: “He must accept that he needs to sell Wednesday to prevent the complete collapse of the club … we as fans deserve better.”
