Dejphon Chansiri can think again if he thinks that he'll be able to sell Sheffield Wednesday for £160million, according to former defender Jon Newsome.

Reports from The Sun, as quoted by The 72, have claimed that the Owls' chairman is determined to keep hold of the club despite suffering relegation from the Championship.

However the report also says that any potential suitors are being quoted an asking price of £160million to even tempt Chansiri into considering an offer for the club.

Given that Wednesday will be competing in League One next term it seems that this price is perhaps a little bit steep, and according to Newsome, Chansiri has another thing coming if he thinks that any interested party will come even close to that figure.

Speaking to Football Fancast, Newsome said: "I’ve heard reports this week that he wants £160m for the football club.

"Now, he paid £37m for the club, he’s subsequently sold the stadium to himself that’s now on a 30-year lease at £2.5m a year, which is going to be a massive cost for a League One club to pay £2.5m a year to play football at your own stadium.

“And all of a sudden he wants £160m because he says that’s what he’s put in? Well, it doesn’t work like that. It doesn’t work like that.”

The verdict

It seems pretty clear that Dejphon Chansiri won't be selling Sheffield Wednesday this summer.

The owner knows that the Owls aren't valued at £160million at present and so it seems like a classic strategy of quoting way above market value as a way to fend off potential suitors.

The Owls are facing a big few weeks and months and so it's crucial that the club are working as a unit to build a team that will secure promotion next term.

Being stuck in League One would be a disaster for Chansiri - particularly if he wants to recoup the sort of value that he first saw when buying the club.