Lee Hendrie Slams Sheffield Wednesday’s £100M Valuation Amid Financial Crisis

Ex-footballer and pundit Lee Hendried urged Sheffield Wednesday’s owner Dejphon Chansiri to rethink and drastically reduce his £100 million asking price for the club, raising alarm over the club’s uncertain future. Hendrie believes that the high asking price is completely unrealistic, especially give the club’s severe financial troubles.

The Owl have been in turmoil for several months, with reports of players haven’t been paid in three or the past four months, leading to a wave of player’s departure and increasing uncertainty ahead of the new championship season. In an interview with Football League World, Hendrie described the club a “shambles” and cautioned that without quick change in ownership, Sheffield Wednesday could be heading towards an even greater disaster.

Chansiri’s high valuation has effectively halted any chances of new ownership, despite the club clearly has strong potential. In Sheffield Wednesday’s situation, £100 million appears far beyond what most would consider as Analysts pointed out that a football club is only worth what buyer are willing to pay.

Ongoing financial instability has resulted in unpaid wages and a fractured squad, all just weeks before they kick off their season against Leicester City. For now, the club remains stuck in an ongoing off-field turmoil that threatens it’s performance on the pitch, but many believe that if Chansiri were to reduce his demands, new investors could step in and revive the once-proud Yorkshire club.