Sheffield Wednesday owner Dejphon Chansiri has told fans he is putting the Sky Bet Championship club up for sale.
The Thai businessman bought the club in early 2015 from Milan Mandaric, and the early signs were promising as they finished in the Championship play-off places in his first two full seasons.
They would lose in the final to Hull before defeat on penalties saw them crash out at the semi-final stage against Huddersfield in 2016/17.
The Owls finished 15th last season and currently find themselves in 18th with 24 points from 22 games.
Wednesday breached Financial Fair Play (FFP) rules and were placed under a transfer embargo throughout the summer, limiting their ability to strengthen the squad.
The Football League's FFP rules do not permit clubs to post losses of more than £39million over three years. The latest figures show Wednesday lost over £20million in 2016-17.
Speaking at a fans' forum on Wednesday night, Chansiri said he believed there was plenty of interest in the club despite off-field problems.
"I will put this club on the market and I believe many people will want to buy," Chansiri said.
Chansiri told fans the club still needed to "solve" FFP and he could not make any promises ahead of the January transfer window, with some senior players expected to move on to help with the situation.
"We have problems with FFP, so it is hard but we will try our best," he said. "With January in mind, I cannot answer what we can do right now. The important thing for me is to solve FFP.
"One day you will have a new owner but while I am your chairman I will do my very best and never do anything to damage this wonderful club."
