🔗 Share this article The Owls Hit with Points Penalty After Filing for Administration Sheffield Wednesday supporters described the day as “one of the most bittersweet days in our 158-year history” after the team was placed into administration by owner Dejphon Chansiri and deducted 12 points. Club Crisis Results in Points Penalty Sheffield Wednesday are confronted with almost certain relegation following the league's punishment left them on -6 points, 15 points from safety. Players and staff experienced delayed wages in five of the past seven months, adding to the period of turbulence. Administrator Begbies Traynor have taken control of proceedings to sell Wednesday’s assets, along with Hillsborough stadium, to settle outstanding debts including tax liabilities. Shortly after the club entered administration, stadium seating with the owner's name were taken down in the stadium. “Administration resulted from prolonged financial issues, a lack of accountability, and repeated failures to engage credible buyers the Sheffield Wednesday Supporters Trust said. “This isn't a moment for celebration. It needn’t have ended this way. But we are overjoyed to have Dejphon Chansiri out of our club for good Coach's Outlook on Fresh Start Wednesday’s manager, Henrik Pedersen held talks with administrators along with his coaching team, players, and staff on Friday morning. Pedersen stated entering administration was necessary to embark on a new era. The manager emphasized “while difficult, this marks a positive turning point”, noting: “We knew from the last five, six, seven, eight months it cannot continue. A reboot is needed to unlock the club's potential. Now there is a belief, a hope, there is a feeling of looking towards better days. When I close my eyes, I can see a bright future for Sheffield Wednesday Employee Concerns Club staff were emotional upon hearing the update, as the manager explained: “There is insecurity. Do we get our salary now? What happens now? Will things improve? Or won't they? Overall, there's hope for a shared future with the club.” Continuing Money Problems The club's condition worsened significantly in recent months after the former manager and players left due to salary delays. The EFL expressed concern regarding financial health earlier this season. Since then, Wednesday operated with minimal funds, using any income including league payments to deal with debts. With reports of an imminent winding-up order by tax authorities, it appears Chansiri ran out of options. Insolvency Practitioner's Comments A lead administrator, Kris Wigfield appointed by Begbies Traynor said: “Similar to other teams, the club sustained heavy losses over multiple seasons, with those losses historically funded by the former owner Mr Chansiri. Due to increased financial pressure, the owner has chosen to place the club into administration allowing us to sell the club and ground together, which is great news for supporters.” Government Reaction The culture secretary, Lisa Nandy said Wednesday’s plight highlighted again the importance of a football regulator, recently legislated. The regulator is expected to be in operation by the 2027-28 campaign. “My club Wigan faced similar issues, so I understand fans want a quick solution,” Nandy said. Supporter Actions Supporters avoided club shops and products in recent months with many absent during the Middlesbrough match in the latest boycott. Before Oxford’s visit on Saturday, officials urged fans to return. “The club’s most urgent need is stability and income, the trust said. The phase of resistance has achieved its goal – now begins the phase of renewal. Each purchase and visit supports recovery. Real change is within our grasp – but only if we are prepared to seize it. Now is the time to be Wednesday Future Prospects The trust anticipates buyer interest while developing a supporter-backed purchase plan guaranteeing “liquidation remains off the table”. The manager, once an assistant, said he was not resigned to relegation despite the severity of the challenge. “We must modernize while honoring tradition, he said. The club has great potential. I'm confident we can stay up. The fight continues.”