The club will await the written reasons for the sanction and upon receipt will digest and consider the full detail with its legal advisers before making any further comment.” "We fail to understand why the deduction will take place next season rather than the current season, which seems to be irrational, and are writing to the EFL to get an explanation of the justification," the London club said in a statement.The decision to deduct points next season for an historical breach of profitability and sustainability rules was reached by the independent panel, whereas Wigan's point deduction was triggered by league rules relating to insolvency events.Wednesday, who "welcome the decision that the commission cleared" them of "acting in bad faith", said they will await written reasons from the disciplinary panel before considering any appeal.It took eight months and 17 days for Sheffield Wednesday to learn of their punishment, having initially been charged with misconduct in November 2019.The independent disciplinary commission did not conduct their "full hearing" until June, by which time the season was still going after a three-month hiatus brought about by the coronavirus pandemic.Earlier in July, Sheffield Wednesday boss Garry Monk said "it makes no sense" that they were still waiting on a verdict.News of the 12-point penalty came nine days after the extended regular season finished.The sale of Hillsborough Stadium for £60m and decision to include it in the financial year covering the 2017-18 campaign ensured Wednesday posted a pre-tax profit of £2.5m.Without it, they would have reported a pre-tax loss of £35.4m and that would have followed on from deficits of £9.8m and £20.8m in the previous two seasons.Under the EFL's profitability and sustainability rules (previously known as financial fair play), Championship clubs are only allowed to lose £39m over a three-year period.To avoid a points penalty, such as the one they have now been hit with, a significant sum of money needed to be made.Wednesday are the first club to be punished for including the sale of their ground in their accounts, however, they were not the first to arouse suspicion for doing so as Derby County, Aston Villa and Reading have all been scrutinised for similar transactions.Wednesday's charge related specifically to "how and when" the sale of Hillsborough took place, rather than the sale of the stadium itself.Get latest scores and headlines sent straight to your phone, sign-up to our newsletter and learn where to find us on online.The latest rumours and stories from around the world of football.Analysis and opinion from our chief football writer.How to get into football - the most popular sport in the world, with clubs and facilities throughout the UK.How to get involved in just about any sport or activity It would also have rescued Charlton Athletic from an immediate return to League One. Sheffield Wednesday have been slapped with a points deduction that will see the start the 2020-21 Championship season on minus 12 - but has handed them a relegation reprieve. They finished 16th in the Championship, eight points clear of 22nd-place Charlton, who released a statement on Friday night saying they are considering a legal challenge to Wednesday’s sanction not taking effect immediately.The EFL charged Wednesday in November over Chansiri’s purchase of the stadium, a practice employed by several Championship club owners that turned heavy financial losses into a profit.Chansiri’s £60m acquisition of Hillsborough in June 2019 was valued as a £38m profit to the club, recorded in the accounts for the previous year, 2017-18.
However, the relegation places in the second tier remain uncertain Charlton have said they are considering a legal challenge. The Championship’s “profitability and sustainability” regulations limit losses to £39m over a rolling three-year period. A statement released on Monday night confirmed the final relegation standings on Wednesday night will be applied, including a 12-point deduction for Wigan, pending further developments. Sheffield Wednesday face an increasingly nervous future in the Championship after it was announced that a ruling in their case against the EFL could be ... Sheffield Wednesday points deduction…
With Wednesday and Wigan both in danger of relegation, despite being sat in mid-table, if they receive a points deduction, the EFL have attempted to clarify the situation. © 2020 Guardian News & Media Limited or its affiliated companies. Sheffield Wednesday are deducted 12 points by an independent disciplinary panel for the 2020-21 season for breaking spending rules.
Sheffield Wednesday are facing a possible points deduction after being charged by the English Football League with breaking financial rules. Sheffield Wednesday are ‘extremely disappointed’ with the 12-point deduction but welcomed the decision for it not to be imposed this season. Crucially, the points deduction will take effect next season, 2020-21, not in the season just concluded, when such a penalty would have relegated Wednesday. The profit from Chansiri buying the ground turned a £35.4m loss in 2017-18 into a £2.6m profit.The club was not found guilty of a charge alleging dishonesty in its dealings over the stadium, which would have incurred a heavier penalty.“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,” the EFL said in a statement.“The club was charged in November 2019 and referred to an independent disciplinary commission, which conducted a full hearing at the end of June 2020, before finding the club guilty based on the fact that the club should not have included profits from the sale of Hillsborough Stadium in financial statements for the period ending July 2018.“The club was found not guilty of a further charge of breaching its duty of utmost good faith to the EFL by deliberately concealing information from the League in respect of filings made in respect of the profitability and sustainability rules.”“Further, the commission decided not to apply a 12-point deduction this season, thereby imposing relegation.