Sheffield Wednesday charged by the EFL over sale of Hillsborough to owner Dejphon Chansiri… and could face POINTS DEDUCTION
- Sheffield Wednesday have been charged with financial misconduct by the EFL
- The Championship outfit had been the subject of a formal investigation
- They were asked to explain why 2018 accounts included ‘sale’ of their stadium
- Hillsborough Stadium was actually sold a year later by the Championship side
Sheffield Wednesday could face a points deduction after being charged with financial misconduct by the EFL over the sale of their stadium to their owner Dejphon Chansiri.
The Championship club were the subject of a formal investigation over allegations they breached the league’s profitability and sustainability rules.
The Owls were asked to explain why their 2018 accounts included the ‘sale’ of Hillsborough Stadium for £60m, despite it being sold a year later.
Sheffield Wednesday have been charged with financial misconduct over sale of their stadium
It is alleged they did this to avoid sanctions, because it ensured the club returned a pre-tax profit that year, but the club deny this.
A statement from the EFL said: ‘The EFL has reviewed a large number of documents obtained from the Club as part of this process and concluded there is sufficient evidence to justify issuing charges of Misconduct.
‘The charges are in respect of a number of allegations regarding the process of how and when the stadium was sold and the inclusion of the profits in the 2017/18 accounts.’
A disciplinary panel could impose a wide range of sanctions if they rule there has been a breach, including a points deduction or transfer embargo.
The Championship outfit sold Hillsborough to their owner Dejphon Chansiri (pictured)