Sheffield Wednesday have been placed into administration by HMRC, following months of financial turmoil. <\/p>\n\n\n\n
The Owls have suffered through a long period of financial woes all centred around owner Dejphon Chansiri, who has withheld significant funds and stopped the club from operating normally over the past several months.\u00a0<\/p>\n\n\n\n
An official statement from the club confirmed the news. It said: “Julian Pitts, Kris Wigfield and Paul Stanley of Begbies Traynor have been appointed joint administrators of Sheffield Wednesday Football Club Limited and of Sheffield 3 Limited, the company that owns the club\u2019s stadium, on 24 October 2025.\u00a0
“The administrators were appointed following significant efforts to agree a sale to a credible future custodian in recent weeks which unfortunately could not be concluded and amid rising pressure from creditors.”<\/p>\n\n\n\n
While it remains unclear as to what will happen to Wednesday over the coming days, a 12-point deduction is believed to be imminent. If the points deduction is imposed, then Wednesday will almost certainly suffer relegation back to League One, raising many questions about the club\u2019s future and survival. <\/p>\n\n\n\n
Kris Wigfield, joint administrator and managing partner at Begbies Traynor, based in Sheffield, said: \u201cDue to increased financial pressure on the club, the owner has chosen to place the club and the stadium company into administration which will enable us to market the club and the stadium as a whole, which is great news for supporters of the club.\u201d<\/p>\n\n\n\n
The news has raised condemnation from all across the footballing world, not least from Owls fans themselves. Reacting to this morning’s announcement, lifelong Wednesday supporter Sam Burton said: I can\u2019t believe we\u2019ve ended up in this position, even though in recent weeks it has seemed almost inevitable.<\/p>\n\n\n\n
“Goings on off the pitch shouldn\u2019t be having more have an impact than those on it for any team – particularly when the circumstances could have been avoidable with an earlier sale.”<\/p>\n\n\n\n
Wednesday were issued a \u2018winding-up\u2019 order last week after it was revealed that the club owes over \u00a31 million in unpaid taxes to HMRC. <\/p>\n\n\n\n
Julian Pitts, Kris Wigfield and Paul Stanley of Begbies Traynor have been appointed joint administrators of Sheffield Wednesday Football Club Limited and of Sheffield 3 Limited, the company that owns the club\u2019s stadium, on 24 October 2025.
\ud83d\udc49 https:\/\/t.co\/p5DhCsLRd1<\/a> pic.twitter.com\/lnZu6FgcTX<\/a><\/p>— Sheffield Wednesday (@swfc) October 24, 2025<\/a><\/blockquote>