Sheffield Wednesday takeover news: Big John Textor update, protest fall-out, EFL embargo | OneFootball

FLW brings you all the latest news from Hillsborough surrounding Sheffield Wednesday's takeover.

With the future of the club under threat, Sheffield Wednesday got their 2025/26 Championship campaign against Leicester on Sunday afternoon.

Despite coming out on the wrong side of a 2-1 scoreline, it was a proud occasion for Owls supporters, who witnessed a side thrown together in the most unusual of circumstances perform admirably at the King Power Stadium.

An exit for owner Dejphon Chansiri is proving extremely complex, which led to the departure of manager Danny Röhl last month. At the same time, Henrik Pedersen has a threadbare squad at his disposal.

The signs are beginning to become more positive for supporters, however. Here is the latest news on what fans across the country are hoping is a pending takeover at Hillsborough.

Travelling Owls fans stage protest

A decade after arriving with lofty ambitions and top-flight fans, Chansiri is now public enemy number one at Hillsborough.

Making a statement as they opened their Championship campaign against Leicester, a plane circled over the King Power Stadium reading "Dejphon Chansiri Out." With another banner being laid across empty seats, showing the same message.

Around 2,000 Wednesday supporters stood outside the away end, before making their way to their seats five minutes after the encounter had started, with the travelling supporters being serenaded with rapturous applause from Leicester fans.

In 2020, the club were handed a 12-point deduction, reduced to six on appeal, due to a breach in the EFL's Profit and Sustainability rules. This led to relegation from the Championship in 2021, before their eventual return in 2023.

They were placed under a transfer embargo that same year due to late payments to HMRC. Since players and staff have gone unpaid, and player exits have left Wednesday with a threadbare squad.

Hillsborough's North Stand has been closed due to concerns regarding its structural integrity.

With Wednesday's first home clash of the current campaign, against Stoke, on Saturday, the message remains clear, with supporters wanting one thing - a change of ownership.

Big update emerges - John Textor takes action

According to journalist Alan Nixon, talks had been held with first-team squad members to prevent a strike ahead of Wednesday's clash with Leicester.

And in a recent report from the Guardian, businessman John Textor has teamed up with football financier Keith Harris, with Textor looking to takeover Hillsborough.

Speaking to journalist Alan Myers last week, Textor said, "It’s true that I am looking for a traditional English club to buy, or with which I can partner… I just have not spoken with anybody at Sheffield Wednesday yet, and I am monitoring the situation, hoping to better understand it".

Textor had a lot of praise for Wednesday as a club, saying that, "Whenever I talk about how I think the system should be better, I often use Sheffield Wednesday as the example of the big traditional club that deserves to be champions or at least have the opportunity to be."

Textor has a rocky record as of late concerning his football involvement. He recently stepped down from his leadership role at French side Lyon, with the club narrowly escaping relegation to Ligue 2, after originally being sent down due to financial concerns.

He had also been involved simultaneously with Crystal Palace, but with limited control.

However, for Wednesday supporters, the concern now is getting someone through the door to keep the club afloat, and as of now, Textor is seemingly the most willing to do exactly that.

Transfer positivity for Wednesday supporters

It recently emerged that Wednesday's EFL embargoes will be lifted, with the wage cap and squad limit being removed. The Owls, however, cannot bring in players for a fee.

Reports have suggested that Wednesday are interested in the loan signings of Manchester United youngsters Harry Amass and Toby Collyer. And manager Pedersen said: "We need new players, otherwise you cannot play a Championship with 46 games," following his side's 2-1 loss against Leicester.

"We need some guys very quickly, but still, we need to have the right feeling when we sign someone."

The most important factor in these conversations now is that Wednesday can begin discussing squad planning once again, with a report from The Star suggesting that the Owls are weighing up "more than 60 transfer options."

Even if a change of ownership happens swiftly, Wednesday will be unable to spend money on players. However, positive signs are there that Pedersen will be able to be backed with what he needs to keep the club in the Championship this term.