Sheffield Wednesday are reportedly on the brink of entering administration amid escalating financial troubles,
according to talkSPORT.
The Owls currently owe around £1 million to HMRC in unpaid taxes, adding to months of off-field turmoil under owner Dejphon Chansiri.
Mounting Financial Woes at Hillsborough
This latest development follows a series of financial setbacks for the Yorkshire club. Players and staff have allegedly faced late wage payments in five of the last seven months, as the club struggles to stay afloat.
Frustrated fans have continued to protest against Chansiri’s ownership, with many supporters choosing to stay away from Hillsborough. During the 1-0 home defeat to Middlesbrough earlier this week, travelling Boro fans outnumbered the home crowd — a clear sign of growing unrest among the Wednesday faithful.
Ten-Point Deduction Looms
With Sheffield Wednesday currently sitting bottom of the Championship, the club is now facing the prospect of a 10-point deduction once administration is confirmed — a penalty that would make survival even more difficult.
Simon Jordan: “It’s a Commercial Reality”
Reacting to the situation, former Crystal Palace owner Simon Jordan told talkSPORT:
“I would guess it takes around £10 million to run Sheffield Wednesday for the rest of the season. Who’s going to pay that? The only realistic option is administration — it’s brutal, but it’s a commercial reality.”
Jordan suggested that administration could be a necessary step to clear debts and attract new ownership:
“You’ve got to move Chansiri to a point where he recognises the threat. The regulator might finally have the leverage to take it off him if he doesn’t act.”
Hope Amid the Chaos
Despite the grim outlook, Jordan believes Sheffield Wednesday could recover — just as other struggling EFL clubs have:
“I think they’ll come through it, like Reading will, but not without collateral damage. The fans have made their stance clear — they’re not willing to spend a penny until real change happens.”
