Administrators for Sheffield Wednesday have confirmed the club and Hillsborough stadium will be sold as a single package, calling it “great news for supporters.” The move comes after owner Dejphon Chansiri placed both the club and the stadium’s holding company into administration.
The decision ends Chansiri’s reign but triggers an immediate 12-point EFL deduction, dropping the Owls to -6 points at the bottom of the Championship. The club’s collapse is due to “significant loss” over “several years,” including a $pounds{}$1 million tax bill and repeated failure to pay wages.
Manager Henrik Pedersen met with the administrators, Begbies Traynor, and his “emotional” staff. He framed the day as a “fresh restart,” stating the club could not continue as it was. Despite the 15-point gap to safety, Pedersen vowed his team would “keep fighting” to avoid relegation.
The Supporters Trust celebrated Chansiri’s departure as the end of “years of financial mismanagement.” Having organised boycotts of matches and merchandise, the trust is now calling on fans to “re-engage.” “Every ticket bought… helps the club rebuild,” their statement urged.
The trust also revealed it had been working on a “fan-led takeover proposal” to ensure that “the threat of liquidation will not be an option.” With the club now being professionally marketed, they expect “strong interest” from new buyers.