The Sheffield Wednesday Supporters Trust has revealed it was working on a “fan-led takeover proposal” to act as a failsafe against liquidation. The news came as the club was placed into administration, a move that ousts owner Dejphon Chansiri but incurs a 12-point penalty.
The trust’s plan was designed to ensure that “even in the worst-case scenario, the threat of liquidation will not be an option.” With administrators Begbies Traynor now in charge and seeking a “swift sale,” the trust said it expects “strong interest” from credible buyers.
The administration drops the Owls to -6 points, 15 points from safety. The trust blames Chansiri’s “years of financial mismanagement” for the crisis, which includes $pounds{}$1 million in tax debts and repeated unpaid wages.
Fans, who are “overjoyed” at Chansiri’s exit, are now being urged to end their boycotts. “The phase of resistance has achieved its goal,” the trust said. “Now begins the phase of renewal… Now is the time to be Wednesday.”
Manager Henrik Pedersen echoed the hopeful sentiment, calling it a “fresh restart” and vowing to “keep fighting” for survival.