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Why Dejphon Chansiri No Longer Owns Sheffield Wednesday

Chansiri no longer owns Sheffield Wednesday. The joint administrators agreed an asset transfer to Arise Capital Partners in May 2026, and the EFL confirmed the new owners met League requirements.
From TheFinanceBase Team3 min to read
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Dejphon Chansiri is no longer Sheffield Wednesday’s owner. His ownership ended in May 2026, when the club’s joint administrators completed an agreement to transfer its assets to Arise Capital Partners. The EFL confirmed that the new ownership met League requirements and that the club had left administration. The EFL did not itself seize the club or directly arrange the sale.

Who owns Sheffield Wednesday now?

On 2 May 2026, the EFL announced that joint administrators BTG had concluded an agreement with Arise Capital Partners LLC to transfer Sheffield Wednesday’s assets. Arise is a consortium led by David Storch, alongside Michael Storch and Tom Costin. The EFL said the club under its new ownership met the relevant League requirements and was no longer regarded as being in administration. The EFL’s announcement documents the agreement and the club’s status; BBC Sport reported that the takeover ended Chansiri’s ownership.

Why did it look as though the EFL might remove him?

The question arose amid regulatory action over Sheffield Wednesday’s finances. On 3 June 2025, the EFL charged the club and its ultimate beneficial owner over failures to pay players’ wages on time and in full in March and May 2025. Chansiri was also charged with causing the club to breach regulations. At the time, these were charges, not findings of guilt in the EFL’s announcement; the club and Chansiri were given 14 days to respond. The EFL’s June 2025 statement sets out the charges and response period.

Those proceedings should not be confused with the insolvency process that ultimately changed ownership. The EFL’s December 2025 statement described 18 points of deductions taking effect in the 2025/26 season, arising from the club entering administration, as well as separate disciplinary proceedings concerning 2024/25 breaches. In that statement, the League welcomed the decision not to impose additional points for the payment-obligation matter then under consideration. The EFL’s December update distinguishes those consequences.

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What role did the EFL play in the ownership change?

Administration and the takeover were separate from the EFL’s disciplinary action. Administrators BTG handled the insolvency process and concluded the asset-transfer agreement with Arise Capital Partners. The EFL then confirmed that the new ownership met League requirements. The available statements describe an administrator-arranged agreement and regulatory confirmation—not an EFL-ordered transfer of Chansiri’s ownership.

For a takeover, the EFL says its requirements apply alongside those of the Independent Football Regulator (IFR). Its acquisition-of-control guidance describes review of issues including criminal convictions, regulatory sanctions, financial difficulties, bankruptcy history, qualifications, experience and training. The IFR’s Owners, Directors and Senior Executives regime began on 5 May 2026, according to the EFL guidance.

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Why was there no further 15-point deduction?

The decision not to impose a further deduction was not the same as reversing earlier sanctions or deciding the wage-related charges. On 2 May 2026, the EFL said its Board had exercised discretion under its Insolvency Policy and chosen not to impose a 15-point deduction following Sheffield Wednesday’s exit from administration. The League said it had considered proposals made to Chansiri by the administrators and the new ownership. The EFL’s points-deduction statement explains that specific decision.

What happened to Chansiri personally?

BBC Sport reported on 2 May 2026 that Chansiri had received a three-year ban from owning or being a director at any EFL club. That is a separate consequence from the asset transfer and the club’s points deductions; the report attributes the ban to the takeover announcement period. BBC Sport’s report is the cited source for the ban.

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Can the EFL force a football club owner to sell?

The case described in the published statements does not establish that the EFL directly forced Chansiri to sell: administrators concluded the transfer agreement, while the EFL addressed regulatory compliance and confirmed the new ownership met League requirements. It would be too broad to infer from these statements that an EFL rule or legal power could never contribute to a change of ownership in another situation. The distinction here is that charges, sanctions, administration, an administrator-led asset sale and approval of new owners were different steps.

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