Sheffield Wednesday have been deducted 12 points by an independent disciplinary panel for the 2020-21 season for breaking spending rules. "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.England captain Heather Knight looks ahead to the West Indies series and the Rachael Heyhoe Flint Trophy, and reflects on 'bubble life’ and the postponed Women's World Cup.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.Hilarious football comedy from the writers of The InbetweenersHow to get involved in just about any sport or activity
Simply type your email address into the box at the top of this article or any article on the Sheffield Wednesday section of Yorkshire Live.You can unsubscribe at any time and your data will not be shared with any other party.“The evidence indicates that the club resumed with a reduced squad as some players would not play beyond June 30, leading to an under-strength team.“This, in our view, is another factor to be borne in mind in assessing the fairness and proportionality of imposing the deduction.
The beginning of the end is in sight when it comes to Sheffield Wednesday’s misconduct arm-wrestle with the EFL after it was revealed that they would start the 2020/21 season on -12 points. 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.“The sporting sanction will take effect in season 2020-21.”Wednesday were found not guilty of breaching their “duty of utmost good faith to the EFL by deliberately concealing information”.The Owls finished 16th in the Championship, eight points clear of the drop zone.“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.
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