Here’s how it might actually work
Who the Deal Was With
Chansiri didn’t buy the club directly from Mandarić as an individual.
He bought it from UK Football Investments LLC, a company controlled by Mandarić, not Mandarić personally.
What Chansiri Agreed to Pay
The sale price included two future “bonus” payments. Let’s assume they are:
£8.25 million if the club reached the Premier League.
£2.5 million more if Wednesday stayed up for at least one season.
These would be owed by Dejphon Chansiri personally, not by Sheffield Wednesday FC Ltd.
What Happens After Mandarić’s Death
Because the seller was UK Football Investments LLC, the right to any future payment sits with that company — not automatically with Mandarić’s estate.
If his estate inherited or now controls the LLC (which is likely), then the money would be payable to the LLC’s new owners or his executors.
So the death of Mandarić wouldn’t cancel the debt; it just means it’s now owed to his company’s successors.
What Administration Changes
The current administration of Sheffield Wednesday FC Ltd wouldn’t cancel or reduce Chansiri’s obligation either — because the SPA is between Chansiri and Mandarić’s company, not between the club and the seller.
The debt remains Chansiri’s personally. The LLC (or whoever now owns its rights) could still pursue him personally if the club were ever promoted.
In short, administration doesn’t wipe away the obligation.
This post is for discussion only — not legal advice and not an official source.