These adverts enable local businesses to get in front of their target audience – the local community.
It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times.
Sheffield Wednesday will be deducted 12 points for the 2020-21 Sky Bet Championship season after being found guilty of breaching financial rules.
An independent disciplinary commission, appointed under English Football League regulations, deemed the Owls should not have included profits from the sale of Hillsborough stadium in statements for the period ending July 2018.
The South Yorkshire club said it is “extremely disappointed” with the verdict but welcomed the decision not to impose the penalty this term, which would have resulted in relegation to League One.
“An independent disciplinary commission, appointed under EFL regulations, has ruled that Sheffield Wednesday will receive a 12-point deduction for breaching the league’s profitability and sustainability rules for the three season reporting period ending with season 2017-18,” read an EFL statement.
Wednesday were found not guilty of breaching their “duty of utmost good faith to the EFL by deliberately concealing information”.
“Sheffield Wednesday acknowledges the decision of the independent disciplinary commission announced today,” read a club statement.
“The club is extremely disappointed that the commission has imposed a 12-point deduction to be applied next season and awaits the written reasons for this decision.
“The club welcomes the decision that the commission cleared Sheffield Wednesday of the charge of acting in bad faith in its dealings with the EFL. Further, the commission decided not to apply a 12-point deduction this season, thereby imposing relegation.”
The club, owned by Thai businessman Dejphon Chansiri, intends to await written reasons for the sanction and “consider the full detail with its legal advisers” before deciding its next step.
Without the sale, Wednesday would have posted a pre-tax loss of £35.4million for the financial year covering the 2017-18 campaign.
Had the Owls’ penalty been applied to the 2019-20 season, they would currently be facing relegation to the third tier alongside Wigan and Hull, with 22nd-placed Charlton surviving.
Wigan, who accumulated three more points than Garry Monk’s side over the course of the campaign, dropped into the bottom three on the final day after being deducted 12 points for entering administration.
Unlike Wednesday’s situation, EFL rules dictate a club entering administration is punished immediately, something Wigan’s ownership were aware of when that decision was made.
The Latics’ appeal against their sanction has been heard by an independent tribunal and they are awaiting the outcome.
The timeline of Wednesday’s appeal and punishment was determined by the independent disciplinary commission, not the EFL.
This website and associated newspapers adhere to the Independent Press Standards Organisation’s Editors’ Code of Practice. If you have a complaint about the editorial content which relates to inaccuracy or intrusion, then please contact the editor here. If you are dissatisfied with the response provided you can contact IPSO here
©Copyright 2001-2020. This site is part of Newsquest’s audited local newspaper network. A Gannett Company. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. HP10 9TY | 01676637 | Registered in England & Wales.
Sheffield Wednesday F.C., EFL Championship, English Football League, Sheffield, Dejphon Chansiri
World news – GB – Sheffield Wednesday hit with 12-point deduction for next season