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flag Sheffield Wednesday faces financial collapse under owner Dejphon Chansiri, prompting regulator warnings and calls for owner intervention.

flag Sheffield Wednesday is in severe financial crisis under owner Dejphon Chansiri, with unpaid staff, tax debts, and repeated late wage payments sparking union condemnation and fan protests, including a pitch invasion. flag The club faces embargoes, potential points deductions, and squad instability, prompting the new football regulator chair David Kogan to warn that unsuitable owners could be forced to sell their clubs as a last resort. flag Kogan called the situation a "significant problem" and emphasized the need for regulatory powers to intervene in cases of financial mismanagement, though cooperation remains preferred. flag The regulator is seeking authority to investigate and act when clubs are at risk, aiming to protect football's integrity amid growing financial uncertainty.

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