Mike Ashley’s Newcastle United Purchase Price Revealed Amid Sheffield Wednesday Interest
The Sheffield Wednesday takeover saga continues to unfold in the 2025/26 season, with growing concerns among players, staff, and supporters regarding the club’s future. After confirming administration, owner Dejphon Chansiri has put the club and its Hillsborough stadium into administration. This drastic decision arises from a turbulent series of events since the start of the year, marking a stark decline for a club that was previously mid-table in the Championship.
Sheffield Wednesday’s Administration Crisis
Sheffield Wednesday has dropped significantly in performance, now facing almost certain relegation to League One. Local fans have expressed frustration over Chansiri’s lack of communication and the imposition of multiple transfer and registration embargoes. Currently, manager Henrik Pedersen has limited options, relying heavily on players from the Under-21 squad to meet matchday requirements.
- Players’ Wage Concerns: Many players have not received their wages on time five times in the past seven months.
- Tax Obligations: Chansiri owes £1 million to His Majesty’s Revenue and Customs (HMRC).
- Asking Price: Reports suggest Chansiri is seeking £100 million for the club before transferring ownership.
Mike Ashley’s History with Newcastle United
Mike Ashley, a notable figure in football ownership, is linked to the potential acquisition of Sheffield Wednesday. He initially gained prominence through his venture, Sports Direct, which he founded at 18. In 2007, Ashley bought Newcastle United for a reported £134 million, acquiring shares from Sir John Hall and Freddy Shepherd.
Pros and Cons of Ashley’s Tenure
Initially embraced by fans, Ashley’s tenure became controversial due to financial mismanagement, including the club’s debt exceeding £100 million upon his arrival. Significant events during his ownership include:
- 2008 Protests: Following Kevin Keegan’s departure, protests erupted, leading Ashley to consider selling the club.
- Relegation Risks: Newcastle faced relegation for the first time since 1993 shortly after his takeover.
- Funding Issues: Ashley spent £40 million on Joelinton in 2019, the highest spending during his ownership.
- Final Sale: His ownership concluded in October 2021 with a £300 million sale to the Saudi Arabian Public Investment Fund.
Potential for Change at Sheffield Wednesday
Despite his controversial history, many Sheffield Wednesday fans may welcome Mike Ashley’s bid, hoping for a much-needed refresh at the club. Given the severity of the current situation, a smooth transition is essential to reclaiming stability.
Supporters hope Ashley has learned from previous mistakes, particularly about fan engagement and maintaining the club’s financial health. A careful, considered approach to rebuilding may appease fans as Sheffield Wednesday grapples with its immediate fate.
