Sheffield Wednesday have filed for administration as the club’s financial problems continue to mount.
The club has been racked with instability under the ownership of Thai businessman Dejphon Chansiri and were previously hit with multiple charges by the EFL for failing to pay players’ wages on time. The Championship club, who sit at the bottom of the table, will receive an automatic 12-point penalty for going into administration, just as Derby County did in 2021.
Wednesday fans have been in the midst of boycotting their club, pushing for Chansiri, who took over the club in 2015, to sell up. Hillsborough was all but empty for Thursday’s Championship clash with Middlesbrough due to fan action.
The club is one of the oldest surviving clubs in world football, with their history dating back more than 150 years.
Follow the latest developments below.
Sheffield Wednesday – latest news
- Sheffield Wednesday have filed for administration
- The Championship club have been slapped with an automatic 12-point deduction
- Wednesday have endured mounting financial woes under owner Dejphon Chansiri
- Fans have boycotted the club in a bid to force Chansiri to sell up
- Full Sheffield Wednesday statement
- Full EFL statement
Barry Bannan calls on Sheffield Wednesday fans to help club come back from 'rock bottom'
17:20 , Will CastleCaptain Barry Bannan believes Sheffield Wednesday's fans will help the club come back from "rock bottom" after they entered administration on Friday.
The Scotsman said on Friday that he and his team-mates "totally got" why fans had stayed away and was "gutted" to learn on Friday that the club had entered administration.
"Sometimes you have to reach rock bottom to come back again,” he said. “And if there was ever a club that could do it, it's this club, because the fan base we've got is amazing."
Henrik Pedersen can't wait for a full Hillsbrough
16:51 , Will CastleManager Henrik Pedersen said the prospect of Hillsborough being full for the Oxford game on Saturday was "amazing" after so many weeks of low crowds.
"I'm 100 per cent convinced Sheffield Wednesday will have a bright future," Pedersen said.
"To have a full Hillsborough - wow, it would be amazing. We can all be together again, and support each other. We can make a fantastic experience together again."
How did Derby make it out of administration?
16:45 , Will CastleDerby County were the last EFL team to file for administration, doing so back in 2021.
They survived the period due to a takeover by local property developer and lifelong supporter David Clowes, who bought the club and stadium for a reported £55m after nine months of administrator control.
Derby, who had just been relegated to League One before Clowes took over, earned promotion back to the Championship in 2023/24 and have remained in the second tier since.
While administration does act as a day of sadness for Wednesday, history has shown us that a financial reset can be just what a club needs to turn around. Just look at Bournemouth, who went into administration and nearly went under in 2008.
What is the administration process?
16:30 , Will CastleThe first step involved with entering administration is the appointment of an administrator.
A notice for this has been filed at the Insolvency and Companies Court by Sheffield Wednesday, which will see an administrator - appointed by the court - take control of the club’s finances and day-to-day operations from Dejphon Chansiri. Their job is to prevent the club from going into liquidation, which can be achieved by finding a new owner or pay back the debts owed.
The club will then enter moratorium, which acts as a period of protection that prevents creditors from taking legal action against the club.
Then comes debt settlement, which sees the paying off of certain creditors - under the “football super creditors” category - prioritised. Players and manager are paid first before other football clubs, the PFA and the league are made whole.
The final stage is resolution. The administration process is over when the club is brought by a new owner or emerges through administration using a Company Voluntary Arrangement. However, a winding-up order can also act as a resolution, which means the club is liquidated.
What boycotts did to Hillsborough on Wednesday night
16:10 , Will CastleFans boycotted Sheffield Wednesday’s Championship clash against Middlesbrough in their thousands on Wednesday night - leaving three stands all but empty for the game.
The scene at Hillsborough as the pre-match music starts to kick in.
— Alex Miller (@AlexJPMiller) October 22, 2025
Huge numbers of Sheffield Wednesday fans have chosen to boycott tonight’s match v Middlesbrough.#SWFC🦉 pic.twitter.com/AXsuJPtWKR
Fan protests at Hillsbrough
15:50 , Will Castle
Who is Dejphon Chansiri?
15:36 , Will CastleSo, who is this Dejphon Chansiri that Sheffield Wednesday are so relieved to see the back of?
Chansiri is a Thai businessman from the family that controls Thai Union Group, the world’s largest producer of canned tuna.
He bought Sheffield Wednesday in 2015 for £37.5m, initially promising Premier League promotion within two years. They came close to achieving this goal, reaching the Championship play-off final in 2016 only to lose to Hull City.
However, spending without success led the club into murky financial waters. A six-point deduction for breaking spending rules contributed to their relegation to League One in 2021, and the club has since been racked by instability.
Fury surrounding Chansiri’s reign reached boiling point this year when, on five separate occasions, wages of players and staff were not paid on times. Wednesday have been placed under various embargoes amid tax debts and PSR breaches.
Chansiri had been absent from the club for the whole period of turmoil. But with Wednesday filing for administration, Chansiri is gone.
Sheffield Wednesday's catastrophic financial situation
15:30 , Will CastleSheffield Wednesday are in dire straits financially, something that has become common knowledge in recent times.
The club had already been placed under several registration embargoes across the last two seasons and received a six-point deduction during the 2020/21 campaign for breaching PSR regulations.
They owe HMRC £1m in unpaid tax and have failed to pay players and staff on time on five separate occasions this year, including in September.
Independent Football Regulator makes statement
15:17 , Will CastleFollowing the news of Sheffield Wednesday entering administration, the Independent Football Regulator have released a statement.
“We understand this is a difficult time for the fans and staff of Sheffield Wednesday Football Club,” it reads.
“We are working closely with the Government to bring forward our powers as quickly as possible, to be in a position to take action against owners and directors who are not acting in the interests of their club.
“It is unacceptable that fans of football clubs face this level of uncertainty. Our regime will work to prevent instability and protect clubs for the benefit of supporters and their communities.”
Sheffield Wednesday file for administration
15:11 , Will CastleFor those of you who missed the events of this morning, here’s a recap of today’s news.
Sheffield Wednesday have filed for administration as the club’s financial problems continue to mount.
The club has been racked with instability under the controversial ownership of Dejphon Chansiri and were previously hit with multiple charges by the EFL for failing to pay players’ wages on time.
The Championship club, who sit at the bottom of the table, have received an automatic 12-point penalty for going into administration, just as Derby County did in 2021.
Sheffield Wednesday woes show the problem with modern football
14:50 , Miguel DelaneyOur Chief Football Writer Miguel Delaney delved into the dire situation concerning both Sheffield Wednesday and Morecambe in the summer, uncovering the true problem with modern football.
Read more:
Sheffield Wednesday and Morecambe woes show the problem with modern football
Sheffield Wednesday fans issue call to action
14:30 , Will CastleSheffield Wednesday Supporters’ Trust has called on fans to return to their seats off the back of their boycott, with Dejphon Chansiri no longer in control.
🔵 ⚪️
— Sheffield Wednesday Supporters' Trust (@SWFCTrust) October 24, 2025
A Call To Action.#SWFC pic.twitter.com/ntytKzrb58
Administrators issue plea to Sheffield Wednesday fans
14:21 , Will Castle“Supporters are the backbone of any football club,” Kris Wigfield, managing partner of Begbies Traynor, said. “The money they spend at the gate and in the ground is vital. I’ve been a season ticket holder since 1984 and know first-hand the passion of this fanbase.
“Now, more than ever, we need fans back in the ground — buying tickets, merchandise, pies and pints. Every penny spent will go directly to supporting the day-to-day running of this club, not to the former owner or professional costs. This will help stabilise the club and support the loyal players and staff while we secure a suitable buyer.”
Where does administration leave Sheffield Wednesday?
14:16 , Will CastleAfter filing for administration, Sheffield Wednesday sit rock bottom of the Championship on minus six points.
They face herculean task not to suffer relegation this term, but survival on a larger scale will be the main concern for the administrator of Begbies Traynor.
For now, Wednesday fans can take joy from the fact Dejphon Chansiri’s maligned reign as club owner is finally over.
How football's new independent regulator could change things
14:10 , Will CastleThe times are hopefully changing in English football, thanks to the Football Governance Act.
Football's new independent regulator will have powers to force an owner to divest in extreme circumstances once it is fully up and running.
Signed into law at the beginning of the summer, it acted as a watershed moment for English football, introducing a football watchdog for the top five tiers of the men’s game to ensure clubs are run sustainably and are accountable to their fans.
The history of Sheffield Wednesday
13:50 , Will CastleSheffield Wednesday, founded in 1867, are one of the world’s oldest football clubs.
They were a founding member of the Football League and have won four first division titles and three FA Cups in their history.
The club’s golden era came in the early 20th century, when they won the majority of their major honours, and again in the early 1990s under Trevor Francis.
It was during that latter period that Wednesday won their last piece of major silverware, beating Manchester United to lift the League Cup in 1990/91.
Full Sheffield Wednesday statement as administrators revealed
13:30 , Will CastleSheffield Wednesday’s statement reads as follows:
Julian Pitts, Kris Wigfield and Paul Stanley of Begbies Traynor have been appointed joint administrators of Sheffield Wednesday Football Club Limited and of Sheffield 3 Limited, the company that owns the club’s stadium, on 24 October 2025.
The administrators were appointed following significant efforts to agree a sale to a credible future custodian in recent weeks which unfortunately could not be concluded and amid rising pressure from creditors.
“Kris Wigfield, joint administrator and managing partner at Begbies Traynor, based in Sheffield, said: “The joint administrators have taken over the running of the club with immediate effect to protect the interests of creditors, and to ensure Sheffield Wednesday can continue operating while we seek a new owner as swiftly as possible.
“Like many football clubs, it has been trading at a significant loss for several years, with those losses historically funded by the former owner Mr Chansiri.
“Due to increased financial pressure on the club, the owner has chosen to place the club and the stadium company into administration which will enable us to market the club and the stadium as a whole, which is great news for supporters of the club.”
Average home attendances at Hillsborough Stadium have fallen by around 35% since last season - from over 26,000 to just over 17,000 – with the boycott of ticketing, concessions and retail outlets compounding the drop in revenue. This has led to the closure of several matchday facilities in recent weeks.
Mr Wigfield added: “Supporters are the backbone of any football club. The money they spend at the gate and in the ground is vital. I’ve been a season ticket holder since 1984 and know first-hand the passion of this fanbase.
“Now, more than ever, we need fans back in the ground — buying tickets, merchandise, pies and pints. Every penny spent will go directly to supporting the day-to-day running of this club, not to the former owner or professional costs. This will help stabilise the club and support the loyal players and staff while we secure a suitable buyer.”
Paul Stanley, joint administrator, said: “There should be no interruption to the fixture schedule and we are in close contact with the EFL to ensure that the effects of this administration on the employees, supporters, the community and the players are minimised as far as possible.
“Sheffield Wednesday is a massive, historic club with a loyal fan base in a city that lives and breathes football. If more fans return to Hillsborough, the club can cover its day-to-day costs and move towards a viable sale to a new ownership capable of restoring long-term stability.
“With the right ownership structure, we are confident that the club has a bright future and will meet all EFL regulatory obligations.”
He added: “Our immediate priority is to ensure that we are able to operate as normal for the next home fixture against Oxford United on Saturday.
“In the coming weeks, we will work closely with the staff, the Supporters Trust and the wider community to ensure that the club is placed in the hands of a suitably-qualified and well-financed new owner.”
Creditors of the club are encouraged to contact the joint administrators by emailing swfc@btguk.com to register a claim.
Sheffield Wednesday release statement
13:28 , Will CastleSheffield Wednesday have confirmed that they have filed for administration.
The club said appointing administrators had followed "significant efforts to agree a sale to a credible future custodian in recent weeks which unfortunately could not be concluded and amid rising pressure from creditors".
Statement to follow.
Lisa Nandy: 'Change is coming'
13:25 , Will CastleCulture Secretary Lisa Nandy, who has been outspoken about the need for Dejphon Chansiri to sell Sheffield Wednesday, says ‘change is coming’ after the Owls entered administration.
For the fans, staff and players of Sheffield Wednesday, this is an extremely worrying time.
— Lisa Nandy MP (@lisanandy) October 24, 2025
It’s why we’re setting up an Independent Football Regulator - to ensure owners act responsibly and safeguard the clubs that mean so much to their communities.
Change is coming. https://t.co/3P9IBZwjuy
Full EFL statement
13:19 , Will Castle“The EFL can confirm that it has now received formal notice that Dejphon Chansiri, the director of Sheffield Wednesday Football Club, has taken the necessary steps to appoint Administrators to both the Club and also the company which owns Hillsborough.
“Whilst this development results in the automatic deduction of 12 points in accordance with Regulations agreed by all Clubs, it also presents Sheffield Wednesday with the opportunity to move matters towards a successful sale and secure future under new ownership.
“The EFL will now engage in discussions with the Administrators in respect of the immediate actions required to enable them to achieve an early resolution, and end the ongoing uncertainty faced by Sheffield Wednesday staff, management, players, supporters and all those associated with the Club and their local community.
“The Championship League table will be updated with immediate effect.”
CONFIRMED: Sheffield Wednesday handed 12-point deduction
13:18 , Will CastleThe EFL have released a statement after Sheffield Wednesday entered administration this morning.
The league has confirmed that the Owls will be deducted 12 points in accordance with their regulations.
Full statement to follow.
How are Sheffield Wednesday doing this season?
13:16 , Will CastleSheffield Wednesday looked destined for League One this season, even without the imminent 12-point deduction.
Their off-pitch struggles have clearly impacted their output, with the Owls sitting rock bottom of the Championship after 11 games with just six points and one win.
They impressed last term under now-Rangers boss Danny Rohl, finishing 12th despite the club’s financial woes still being ever-present.
'Chansiri' seats removed at Hillsborough
13:12 , Will CastleFor those who didn’t know, maligned (former) Wednesday owner Dejphon Chansiri had his own surname branded onto Hillsborough’s North Stand. Think that says about all you need to know about his character.
Well, less than an hour after the club went into administration, his name is being ripped out of the stadium. Symbolic.
🚨Less than an hour after the club was put into administration, the Chansiri seats are being torn out of the North Stand at Sheffield Wednesday.#SWFC🦉 pic.twitter.com/7Im6WprEDa
— Alex Miller (@AlexJPMiller) October 24, 2025
What will Sheffield Wednesday's sanction be?
12:53 , Will CastleUnder EFL rules, the club would face a 12-point penalty for entering administration.
This was the case for Derby County, the last EFL club to go into administration.
Discussions are ongoing with the EFL, with the league expected to confirm the ramifications in due course.
What is the administration process?
12:48 , Will CastleThe first step involved with entering administration is the appointment of an administrator.
A notice for this has been filed at the Insolvency and Companies Court by Sheffield Wednesday, which will see an administrator - appointed by the court - take control of the club’s finances and day-to-day operations from Dejphon Chansiri. Their job is to prevent the club from going into liquidation, which can be achieved by finding a new owner or pay back the debts owed.
The club will then enter moratorium, which acts as a period of protection that prevents creditors from taking legal action against the club.
Then comes debt settlement, which sees the paying off of certain creditors - under the “football super creditors” category - prioritised. Players and manager are paid first before other football clubs, the PFA and the league are made whole.
The final stage is resolution. The administration process is over when the club is brought by a new owner or emerges through administration using a Company Voluntary Arrangement. However, a winding-up order can also act as a resolution, which means the club is liquidated.
Fans and ex-players react to Sheffield Wednesday entering administration
12:45 , Will CastleA disgrace that a club of the size and stature of Sheffield Wednesday have gone into administration.
— Stan Collymore (@StanCollymore) October 24, 2025
We're supposed to be living through the golden era of football where there's supposed to be enough money to go around, where the rule makers endure clubs are protected from rogue…
Sad to see what's going on at Sheffield Wednesday. Yet another club suffering at the hands of an unscrupulous owner.
— Natter Football (@NATTERFOOTBALL) October 24, 2025
At least this means the end of Chansiri, though. https://t.co/vixQDmYmO5
Sheffield Wednesday will never die.
— Matt (@Mattswfc86) October 24, 2025
Good riddance to a stain of a human who has dragged an institution that matters to so many of us through the mud.
UP THE OWLS 🦉
Sheffield Wednesday Supporters' Trust release statement
12:33 , Will CastleSheffield Wednesday’s foremost fan group have branded it as a bittersweet day, with administration bringing an end to Dejphon Chansiri time as owner.
🔵 ⚪️
— Sheffield Wednesday Supporters' Trust (@SWFCTrust) October 24, 2025
There’s no joy in seeing our club in administration. But there is relief in knowing that Dejphon Chansiri’s time at Sheffield Wednesday is over, and a new chapter can begin. Statement 👇🏻 #SWFC pic.twitter.com/OTv4h9PT6H
What the Government have had to say
12:27 , Will CastleSheffield Wednesday fans aren’t alone in their struggles - even the Government has joined calls for Chansiri to sell up.
Culture Secretary Lisa Nandy told a select committee on September 10: "The Government's view is very strongly that football club owners are custodians of those clubs, and they have a responsibility to hand them on in better shape to the next owner and to the next generation of fans.
"In Sheffield Wednesday's case, I am really extremely concerned about the current ownership and the lack of willingness to sell the club and invest in the club, something I've been discussing very closely with local MPs.
"The Government is keeping a very close eye on it and our message to those owners is that change is coming."
Fans boycott Sheffield Wednesday
12:20 , Will CastleSheffield Wednesday have held protests calling on Dejphon Chansiri to sell throughout the season, including during Wednesday night's Championship clash against Middlesbrough at Hillsborough.
Supporters boycotted the game in their thousands in a bid to force Chansiri out, with the stadium all but empty for the game.
What have Sheffield Wednesday said in response?
12:16 , Will CastleWe are yet to hear from Sheffield Wednesday in response to the news that they have filed for administration. We expect an official statement in due course.
The Independent have also contacted the club for comment.
Sheffield Wednesday's catastrophic financial situation
12:11 , Will CastleSheffield Wednesday are in dire straits financially, something that has become common knowledge in recent times.
The club had already been placed under several registration embargoes across the last two seasons and received a six-point deduction during the 2020/21 campaign for breaching PSR regulations.
They owe HMRC £1m in unpaid tax and have failed to pay players and staff on time on five separate occasions this year, including in September.
Sheffield Wednesday file for administration
12:08 , Will CastleThe administration notice was filed at 10.01am BST on Friday morning at the Insolvency and Companies Court, which is a specialist companies court within the High Court.
This comes after numerous reports that a winding-up order from HMRC was imminent, with Wednesday’s financial woes having been well documented in recent years.
Sheffield Wednesday file for administration
12:06 , Will CastleSheffield Wednesday have filed for administration as the club’s financial problems continue to mount.
The club has been racked with instability under the controversial ownership of Dejphon Chansiri and were previously hit with multiple charges by the EFL for failing to pay players’ wages on time.
The Championship club, who sit at the bottom of the table, will receive an automatic 12-point penalty for going into administration, just as Derby County did in 2021.
We’ll have all the latest from this developing story, right here.
