This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 6 °C Thursday 12 December, 2019
Advertisement

Sheffield Wednesday charged by EFL over Hillsborough stadium sale

The Championship club have been charged following alleged breaches of financial rules.

Sheffield Wednesday's Hillsborough Stadium.
Sheffield Wednesday's Hillsborough Stadium.

SHEFFIELD WEDNESDAY HAVE been charged by the EFL following alleged breaches of financial rules relating to the sale of their Hillsborough stadium.

The Championship club say they are “vigorously defending” the charges, which under EFL regulations could result in penalties including a points deduction or a fine if proven.

The EFL launched an investigation into Wednesday’s 2017-18 financial submission under profitability and sustainability rules following the reported sale of Hillsborough to owner Dejphon Chansiri.

Wednesday’s accounts showed income of £61.27 million “from related parties”, which resulted in the club posting a profit.

The league body said in a statement on Thursday: “The EFL has reviewed a large number of documents obtained from the club as part of this process and concluded there is sufficient evidence to justify issuing charges of misconduct.

“The charges are in respect of a number of allegations regarding the process of how and when the stadium was sold and the inclusion of the profits in the 2017/18 accounts.”

Wednesday responded by saying: “Sheffield Wednesday note the statement issued today by the EFL and the charges contained within. These charges will be vigorously defended and the club will be making no further comment at this time.”

The42 is on Instagram! Tap the button below on your phone to follow us!

  • Share on Facebook
  • Email this article
  •  

About the author:

The42 Team

Read next:

COMMENTS (3)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel