In “one of the most bittersweet days” of its 158-year history, Sheffield Wednesday has been placed into administration. The move ousts unpopular owner Dejphon Chansiri but incurs a 12-point penalty, leaving the club on -6 points and 15 points from safety.
The Supporters Trust said the administration was the “inevitable outcome” of Chansiri’s “financial mismanagement” and “lack of accountability.” The club’s debts include $pounds{}$1 million to HMRC, and it has repeatedly failed to pay staff and players, leading to a summer exodus.
Fans, who had been boycotting, are “overjoyed” at Chansiri’s departure. The club itself began removing seats spelling “Chansiri” from the stands as a symbol of the “reset.”
Manager Henrik Pedersen tried to inspire hope, calling it a “fresh restart” for the “fantastic club.” He told his “emotional” staff that “a sad situation can also still be a good day” and vowed to “keep fighting” for survival.
Administrator Begbies Traynor is now in control, seeking a “swift sale” of the club and stadium. The Supporters Trust is pivoting from protest to support, urging fans to “re-engage” and help “rebuild from the ground up.”
Owls’ 158-Year History Rocked by ‘Bittersweet’ Administration
