Dejphon Chansiri implored to sell "League One" Sheffield Wednesday as takeover talk quietens | OneFootball

Talk of Sheffield Wednesday's takeover has run dry and fans are protesting against the owner - the agony of Wednesday fans continues unabated.

This article is part of Football League World's 'Terrace Talk' series, which provides personal opinions from our FLW Fan Pundits regarding the latest breaking news, teams, players, managers, potential signings and more…

The end of August is now less than two weeks away, and talk regarding the sale of Sheffield Wednesday seems to have run almost completely dry.

The Owls' wage bill falls due again at the end of this month, and with the club having been late paying their wages in four of the last five months, there isn't a great deal of optimism that they won't run into further problems at the end of August.

Wednesday fans are at the end of their tether over all this, and there have already been protests at their two Championship matches so far this season, with a boycott of their EFL Cup Second Round match against Leeds United having also been called for by the Sheffield Wednesday Supporters Trust.

Despair issued at lack of activity of Sheffield Wednesday takeover

At an incredibly difficult time for all fans of the club, Football League World have spoken to our resident Sheffield Wednesday fan pundit Patrick McKenna about the current state of play at Hillsborough, and his assessment of the situation is withering.

"Things are really, really depressing right now," Patrick told FLW.

"The club is at its lowest ebb, so as a fan base we are absolutely desperate for positive news about a takeover, for this takeover to take place as soon as possible, and for Chansiri to be banished forever.

"My gut feeling right now that I can't see anything happening any time soon, and I certainly can't see Chansiri gone before the end of the year, now.

"With how takeovers go, you do hear rumours, so you might hear something in a week or so, and you can't help naturally getting your hopes up, but I think at this stage now, I've seen this before with previous takeovers, I've resigned myself and until he's gone from the club lower your expectations.

"Now I have heard that there are definitely bids on the table from credible sources. However, it's also been mentioned that there's a stumbling block.

"Of course there's a stumbling block, and we all know who that is, and that is going to be a real issue going forward - negotiating with Chansiri - because he's always moving the goalposts and he thinks he's a real hard-nosed negotiator, but he always ends up losing out in the end."

Furthermore, Patrick believes that such might be Chansiri's intransigence over selling Sheffield Wednesday that it may well take the intervention of the long-promised independent regulator for football to actually force a proper sale process to start.

"My feeling right now is that it's going to take the regulator to prise the club from him," Patrick added.

"Even with that, the 1st of November for them to start any work seems a lifetime away and that's not going to be easy, so any situation where the regulator pushes Chansiri, that could rumble on."

"So, I think as well in the negotiations, it's obvious that nobody is going to pay what Chansiri wants.

"We're essentially a League One club, and every day our value is just decreasing, so any businessman is not going to pay over the odds for this club when they could get it for a cheaper price and spend money once they have got the club. But no, it's all very despondent right now.

"I just don't think that anything's happening soon, and this silence is not necessary."

Sheffield Wednesday fans have already been protesting against Dejphon Chansiri - a takeover is needed ASAP

Anger has been building among Sheffield Wednesday fans at Dejphon Chansiri's running of the club for a long time now, but protests against his ownership have escalated since the start of the season.

Wednesday fans delayed entering the stadium until five minutes into their first League match of the season at Leicester, while a mock funeral for the club was held before their first home match of the season against Stoke City and a boycott is planned for their upcoming EFL Cup match against Leeds United.

That Chansiri is the biggest stumbling block to the sale of the club is well-established. There have been reports that he wants £100 million for the club, and it's commonly agreed that Wednesday are simply not worth anything like that amount of money.

It seems that Chansiri is trying to get back some of the money that he's put into the club over the years, but this simply isn't how the sale of a business works. Sheffield Wednesday are worth what Sheffield Wednesday are worth, and how much money was poured into the club to get them to their current state is an irrelevance.

The protracted implementation of an independent regulator for football hasn't helped, but the biggest obstacle to the long-term well-being of the club remains the owner of the club, and there have been no indications that his standpoint has changed in the slightest over the last few weeks.