Sheffield Wednesday face 12 point deduction upon administration
Championship side Sheffield Wednesday entered administration on Friday and automatically received a 12 point penalty from the English Football League.
The club which has faced well known financial issues in recent times released a statement about appointing administrators.
The EFL issued its own statement confirming the penalty for administration but noted that the step offers Sheffield Wednesday a chance to progress towards a successful sale and a stable future with new owners.
The second division team stated they had brought in insolvency experts Begbies Traynor as administrators and that Dejphon Chansiris contentious ownership of the club has now ended.
Appointing administrators came after considerable attempts to finalise a sale to a reliable new owner in the past few weeks which sadly fell through alongside growing demands from creditors.
Joint administrator Kris Wigfield commented Like many football clubs Sheffield Wednesday has operated at substantial losses for multiple years with those deficits previously covered by the previous owner Mr Chansiri.
Due to mounting financial strain on the club the owner decided to put the club and the stadium company into administration allowing us to promote the club and stadium together which is positive news for the clubs supporters.
The 12 point deduction puts the ex Premier League team on minus six points at the foot of the Championship 15 points from the relegation safety zone.
Supporters have staged protests urging Chansiri to sell the club all season long including at this weeks 1 0 loss to Middlesbrough at Hillsborough.
Thousands of fans boycotted the match to push Chansiri to leave.
Wednesday has faced multiple restrictions due to unpaid taxes and after delaying payments to players and staff on five occasions this year including in September.
Social media images displayed seats in the North Stand at Hillsborough forming Chansiris name being torn out and there were accounts of lines already appearing outside the ground with fans eager to purchase tickets for Saturdays fixture against Oxford.
Culture Secretary Lisa Nandy had previously urged Chansiri to sell and on Friday she remarked Having experienced this situation with my own club Wigan Athletic I understand that all who care about Sheffield Wednesday will desire a quick resolution.
The Sheffield Wednesday Supporters Trust called it one of the most mixed days in the clubs esteemed 158 year legacy.
Entering administration was the unavoidable result of prolonged financial mishandling absence of responsibility and ongoing inability to attract serious purchasers the Trust stated.
Administration is nothing to rejoice over. This did not have to happen. Yet we are delighted to see Dejphon Chansiri removed from our club permanently.