Sheffield Wednesday are reportedly on the verge of entering administration as the club’s financial situation continues to spiral, with sources indicating that the process could begin imminently.

The Championship side is said to owe around £1 million in unpaid taxes to HMRC, adding to a series of financial challenges that have plagued the club in recent months.

Ongoing Payment Delays and Fan Unrest

Under the ownership of Dejphon Chansiri, Wednesday have faced repeated delays in paying players and staff, with wages reportedly arriving late in five of the past seven months. The situation has sparked mounting frustration among supporters, many of whom have voiced their anger through protests against the club’s hierarchy.

During the recent 1–0 home defeat to Middlesbrough, a large number of away supporters outnumbered the home crowd at Hillsborough — a visible sign of the disconnect between fans and ownership.

Ten-Point Deduction Threat

Should administration be confirmed, the Owls are expected to receive an automatic 10-point deduction, a major blow for a team already sitting bottom of the Championship table. Such a penalty would make their fight for survival even more difficult heading into the second half of the season.

Simon Jordan Weighs In

Former Crystal Palace chairman Simon Jordan has shared his perspective on the crisis, suggesting that administration may be the only viable option to keep the club operating.

“Running Sheffield Wednesday for the rest of the season would probably cost around £10 million,” Jordan explained. “If that money isn’t available, administration becomes the only realistic path — it’s unpleasant, but it’s a commercial reality.”

Jordan added that new ownership may be the only long-term solution:

“You have to move Chansiri into a place where he understands the situation can’t continue. At some point, the regulator or a buyer might need to step in to protect the club’s future.”

What Happens Next?

While the prospect of administration and a points deduction is grim, many in football believe Wednesday can eventually recover. Jordan compared their position to that of Reading, another EFL club struggling with off-field issues but still fighting to survive.

“There will be a way through this, but not without pain,” he said. “The fans have made their feelings clear — they’re not going to back this ownership until they see real change.”