Sheffield Wednesday manager Kris Wigfield has ruled out more points deductions for the club.
Kris Wigfield has released a club statement from Sheffield Wednesday on Friday. It comes after frustrations focused on the lack of communication from administrators, Begbies Traynor and the SFC fans, with MP Clive Betts slamming their ‘unacceptable’ behavior during the trial.
Since Betts’ outburst, the members of James Bords’ consortium have been revealed, after Bord was named as the Owls’ preferred bidder.
And the club posted a statement from Wigfield on Friday, aimed at providing further clarity on the ongoing process which appears to have stalled in recent weeks. However, Wigfield has assured fans that the administrators are doing things by the book to ensure that SWFC ultimately has solid owners.
Points deduction in Sheffield Wednesday is excluded
This season, Sheffield Wednesday have already been deducted 18 points by the EFL due to their financial shortcomings under previous owner Dejphon Chansiri. Earlier in the season there were fears that SWFC could deduct points next season too, as Mike Ashley – who was among the three final bidders – did not submit a bid of more than £30 million, which is the amount of debt the club has and which would have resulted in a points penalty for the 2026/2027 season.
Bord and his consortium have had to pay a non-refundable deposit to fund Sheffield Wednesday’s daily run until their bid is fully vetted. And in a Q&A as part of his club statement, Wigfield confirmed that Bord and its consortium had ‘sufficient financial resources to complete the acquisition’.
Bord, in turn, writes that no further point deductions are expected. When asked if there would be further points deductions, he wrote: “No. The proposed transaction structure allows creditors’ obligations to be met in accordance with EFL rules, and no further sporting sanctions are expected as part of this process.”
Dejphon Chansiri was still owed money from Sheffield Wednesday
SWFC must repay its creditors, including former owner Chansiri. Reports have confirmed that Sheffield Wednesday owe around £15 million to Chansiri and Wigfield says part of the administration process is to maximize returns for those creditors.
It is believed that Chansiri is waiting for the takeover process to complete so he can reclaim this £15 million, which has been massively reduced from the approximately £60 million owed to him, due to the EFL’s insolvency policy of ’25 pence per pound’, meaning creditors must receive 25 pence for every pound of debt.
Wigfield writes in his Q&A: “Under insolvency law, the administrators have a legal duty to maximize returns for creditors while pursuing the best long-term outcome for the Club,” when asked why creditors are being so emphasized.
Sheffield Wednesday are back in action against Brentford in the FA Cup on Saturday afternoon.
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