Sheffield Wednesday Faces Tough Financial Times Amid Administration and EFL Sanctions

Sheffield Wednesday, a historic English football club, enters administration due to financial woes and breaches of EFL regulations. The club faces a significant points deduction, worsening its relegation battle. Owner Dejphon Chansiri, charged by the EFL, considers selling the club amid ongoing financial challenges.

Sheffield Wednesday, one of England's oldest football clubs, has entered administration, exacerbating its existing financial struggles. This development, revealed in a court filing, follows multiple regulation breaches, including delays in paying players timely.

The club has already seen penalties, such as a six-point deduction and transfer restrictions, due to financial management failures. With Wednesday sitting at the bottom of the league this season, the administration may result in an automatic 12-point deduction, deepening the relegation threat.

Owner Dejphon Chansiri faces charges from the English Football League, questioning his management amid his difficulty funding the club. While he remains open to a sale, unrest among fans continues with protests against the current club ownership and management decisions.

(With inputs from agencies.)