Sheffield Wednesday's Tumultuous Journey: A Historic Club's Financial Struggles and Rebirth

Sheffield Wednesday, one of England's oldest football clubs, filed for administration leading to a 12-point deduction. Owner Dejphon Chansiri faced EFL breaches, causing financial turmoil. Appointed joint administrators aim to secure new ownership. Fans view this as a turning point to reshape the club's future.

Sheffield Wednesday, a historic football club, has entered administration, resulting in a 12-point deduction. The move, mandated by the English Football League, comes amid financial turmoil at the club.

Dejphon Chansiri, the club's owner, was charged with several regulatory breaches, and joint administrators have now taken over operations, aiming to facilitate a sale that secures the club's future.

Fans and stakeholders view this development as bittersweet, seeing it as a necessary step to remove Chansiri and revive the club's stability and reputation.

(With inputs from agencies.)