Financial concerns increase at troubled Sheffield Wednesday
Published:The search for new owners at Sheffield Wednesday is growing in seriousness if the future of the club is to be resolved.
Administration is more than a distinct possibility for the Owls if new owners are not found in the coming weeks as two unpaid bills still need to be dealt with.
A PAYE tax bill with a value close to £600,000 is due to be paid on November 17th, while a second winding up order from HM Revenue and Customs has also been put in place.
This is because of an unpaid VAT bill of £300,000 which needs paying by December 1st.
A failure to clear these debts could have hazardous consequences on their League One promotion push as they would be forced into administration, which in turn would lead to a ten-point deduction in the league standings.
Sheffield Wednesday are currently tenth in League One on 21 points from 15 games, but are only five points adrift of second-placed Huddersfield.
However, such is the closeness of the league that a ten-point deduction would leave them in a relegation fight rather than a promotion challenge as it would move them joint bottom of the standings at present.
Sheffield Wednesday have already survived one winding up order this season after reaching a deal with the Co-operative Bank, who agreed in September to secure the club’s immediate future.
Alan Irvine’s team are 14/1 to win League One and their next on-field concern comes at home to Rochdale.
Problems in front of goal have hampered Sheffield Wednesday at Hillsborough this season as they have scored just five goals in their eight home games.
Sheffield Wednesday are 4/5 to beat Rochdale, which they did last season season at Hillsborough 3-0 in the first round of the Carling Cup.
Rochdale are 7/2 to beat Sheffield Wednesday and leapfrog their opposition in the League One table. See the whole Sheffield Wednesday vs Rochdale betting odds market.
