Alan Biggs: Sheffield Wednesday now at the whim - and the mercy - of Dejphon Chansiri

Even a negative budget, demanding higher savings than expenditure, can be workable - in the right hands.

Monday, 24th May 2021, 9:00 am

Even if it’s about coming out of a transfer embargo and staying out, eventual success is achievable a league below. In the right hands. Hopefully not the advisors who have put Sheffield Wednesday where they are today, albeit that players and managers must share responsibility.

So indications that Darren Moore enjoys the trust required to rebuild the squad are welcome.

Beyond that, best to leave the owner pause for reflection on his next moves in a difficult situation. The point has been made.

Chansiri has vowed to do everything he can to fix ease their financial problems

There’s a bigger picture than driving someone out of a club when only his financing is keeping it going.

Wednesday was once the club money couldn’t buy. Now, after two outright owners have broken the mould, the Owls are in danger of going full circle - for an entirely different reason.

That irony will not be lost on those who remember the Wednesday of several decades ago.

And the crisis the club’s constitution eventually caused is present again now in a totally contrasting guise.

Where once it was contentedly immune to a takeover, it is now at the whim - and the mercy - of one individual.

This was everything the old custodians, local businessmen who ran the company rather than invested in it, sought to avoid.

They were accused of operating a closed shop with a diverse and scattered shareholding making it near impossible for an outsider to gain a controlling interest.

Until that is, the status quo was fragmented when the club itself shattered as a result of overstretching to try to maintain the success of the early 1990s.

A segmented control split followed as Dave Allen - wading into the choppy waters left by Sir Dave Richards - became the first director ever to make a heavy personal investment in an attempt to steady the ship.

But bitter infighting for which all parties bore some responsibility saw the club run aground again, to be rescued by Milan Mandaric after a brief local intervention from supporter Lee Strafford.

Fans remain indebted to Mandaric and yet no-one ideally wanted to see the disenfranchisement that has led to the turmoil of today where one person owns everything, including the ground.

Takeovers are a lottery in terms of the intentions, knowledge, method and capability of the individual. Although the first of those can’t be doubted in this case, the others are open to question from the club‘s into crisis on and off the field.

Just as concerning are reports that Dejphon Chansiri wants more than £100m for an outfit he purchased for roughly a third of that price and which has surely been devalued by a drop in status.

So where from here? I suspect a reliance on Chansiri heeding the overwhelming consensus of his critics and making radical changes to the club structure, previously itemised on these pages.

On his track record, no-one is holding their breath. But then a suitable buyer emerging and being able to negotiate a deal looks even more unlikely.

All supporters can do is plead for one or the other. And hope not only that their points are heard but that, ideally in the future, clubs like this can again be run from a broader base of control.