Sheffield Wednesday owner owes MILLIONS in football debts that will have to be paid by whoever buys club

SHEFFIELD WEDNESDAY owner Dejphon Chansiri owes more than £4million in football debts — which will have to be paid by whoever buys the club.

The extent of the cash woes has emerged during takeover bids by several groups in recent weeks.

The Owls are already under embargo for

But the biggest snag is the taxman, with due a huge £2.2MILLION for June and July.

There seems little scope for a deal there, so the

Chansiri hopes to raise funds by selling Djeidi Gassama to and Anthony Musaba to Turkish side Samsunspor.

US sports entrepreneur Tilman Fertitta, 68,

The cost of the deal is being kept secret and will be subject to the usual due diligence phase.

Fertitta may lodge cash to help settle some bills in the short term as the process is bound to take weeks.

But he seems a far more credible candidate than

Fertitta has a team in Houston, is an ally of , and is seen as a leading expert in business and sport.

Chansiri says he is willing to sell the club to “the right individual, or group, to take it forward”;.

The club’s dire financial situation is now having an impact on a sporting level after , with Chansiri refusing to inject any more cash into the coffers.

While manager and is seeking a way out of his contract amidst interest from other clubs.