Sheffield Wednesday facing fresh administration fear as new update revealed | OneFootball

Sheffield Wednesday fans have protested Dejphon Chansiri's ownership of the club in recent months

Sheffield Wednesday are on the brink of going into administration amid the threat of a winding up order from HMRC.

According to the BBC, a tax bill owed to HMRC is currently unpaid by the club, which could lead to a winding up of the Championship side.

Financial issues have plagued the Yorkshire outfit throughout 2025, with wages going unpaid on time in five of the last seven months.

It was reported earlier this week that staff and players were only paid for September last Tuesday, about two weeks later than originally scheduled.

As a result of these late wage payments, players like Michael Smith and Josh Windass terminated their contracts in the summer, which was permitted through FIFA’s rules.

Sheffield Wednesday at risk of administration

It is believed that a bill worth around £1 million is owed to HMRC in relation to tax payments, which could trigger a petition being issued to Sheffield Wednesday seeking the money.

It remains to be seen whether the Owls will be able to pay, but there are reasons to be fearful given the wages debacle from September.

It’s understood that the court order will force the Championship side into a compulsory liquidation, which could lead to administration and an automatic points deduction.

At that point, a buyer will need to be found or else liquidation could be a distinct possibility.

Cashflow issues have seen Sheffield Wednesday struggle to keep the club running day-to-day, and this next step has felt like an inevitability for some time.

Supporters have protested the ownership of Chansiri, and are urging him to sell the Yorkshire outfit as quickly as possible.

Multiple names have been linked with a takeover in recent months, but the reported £100 million asking price has proven quite a stumbling block to completing a deal.

Going into administration will lead to an administrator being appointed that will oversee the sale of assets, including potentially ownership of the club itself, in order to pay creditors, which could open the door to the likes of John Textor and Mike Ashley.

Sheffield Wednesday need a takeover as soon as possible

It’s been reported by the Daily Mail that initial talks with Textor over a potential takeover were held but that no progress was made.

The £100 million asking price was always going to be a sticking point as it is an unreasonable figure to look for given their financial position.

By failing to agree terms at a lower cost, like say £50 to 60 million, Chansiri may have cost himself the chance at earning anything from the sale of Sheffield Wednesday.

That is all you need to know about his business acumen, as it is clear he is incapable of running a football club.