Sheffield Wednesday Live: Owls braced for takeover bid as Dejphon Chansiri era nears its end

Potential buyers 'weighing up whether to make formal approach'

Sheffield Wednesday could be on the verge of a takeover as potential buyers are reportedly weighing up whether to make a formal approach for the League One club.

Thai businessman Dejphon Chansiri has been the Owls owner since 2015 but his time at the helm could be coming to an end.

Chansiri 'ready to sell'

According to The Star, Chansiri is 'ready to sell' Wednesday and has 'given the green light' for potential buyers to carry out due diligence.

It is understood that a number of interested parties have already been in contact with the club and are now considering whether to make a formal bid.

Who are the potential buyers?

The identity of the potential buyers is not yet known but it is believed that they are a consortium of investors from the Middle East.

It is also understood that the group has a proven track record in football and is 'ambitious' for Wednesday.

What does this mean for Wednesday?

If a takeover bid is successful, it could herald a new era for Sheffield Wednesday.

The Owls have been in financial difficulty for a number of years and a change of ownership could provide the club with the stability and investment it needs to challenge for promotion.

What happens next?

It is understood that the potential buyers are expected to make a decision on whether to make a formal bid in the coming weeks.

If a bid is made, it will then be up to Chansiri to decide whether to accept it.