HUGE news for Sheffield Wednesday: Owls get massive boost with points deduction update from EFL
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The Owls were hit with a points deduction earlier this year for breaching the English Football League’s Profitability and Sustainability rules, which meant that Garry Monk’s side began their campaign with a serious deficit at the foot of the Championship table.
Shortly after the judgement was passed down and the written reasons for their punishment were given, the club confirmed that they would be appealing the -12 as they sought to either get it reduced or wiped out completely.
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Hide AdNow, on the back of a huge win for SWFC against Bournemouth on Tuesday night, it has been confirmed thatt the deduction has been reduced from 12 points to 6 following a successful appeal, news which will come as a huge boost to Monk and also lifts the club up from the foot of the table.
A statement from the EFL tonight read, “The Club was charged with breaching the league’s Profitability and Sustainability rules in November 2019 and found guilty, based on the fact that the Club should not have included profits from the sale of Hillsborough Stadium in the Club’s financial statements for the period ending July 2018.
"The independent panel has today rejected the Club’s appeal related to matters surrounding the stadium sale and on consideration of the sanction; they did not agree with the Club’s assertion that a points deduction should not have been imposed. However, they did opt to reduce the sporting punishment from 12 points to six, which will be effective immediately.”
The club also released a statement of their own after the decision was made public, saying, “The Club confirms that today its appeal was upheld in part. The decision of the League Arbitration Panel is that the sanction is reduced to a deduction of 6 points in season 2020/21… The Club is digesting the content of the decision and will not provide further comment until it is published.”
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Hide AdMeanwhile, Wednesday chairman, Dejphon Chansiri, will be speaking to the media first thing tomorrow morning in a Zoom press conference where he is set to discuss a number of club issues, no doubt including tonight’s news.