Sheffield Wednesday and EFL remain tight-lipped over progress of legal case
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The case, which saw an independent disciplinary commission find the club guilty of breaching the EFL’s Profitability and Sustainability rules, has stretched on since November last year.
It centres on the sale of Wednesday’s Hillsborough stadium, which was deemed to be placed in the wrong set of accounts in a deal worth £60m that effectively moved Wednesday into profit for the P&S cycle.
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Hide AdWednesday’s maintained throughout that they had done nothing wrong and that the EFL had ratified their dealings along the way, allowing them to publish their accounts in July last year.
The Star revealed earlier this month that the club were yet to hand over their accounts for the 2018/19 season due to the fact they were waiting on the possibility of any appeal process from either party.
The accounts were due to Companies House at the end of July having been extended by the Government from the end of April due to the coronavirus crisis. It is understood that the matter remains of little immediate concern to either Wednesday or the EFL.
Both parties have 14 days to lodge any appeal once ‘written reasons’ for the independent panel’s verdict are handed over.
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Hide AdWith both parties keeping counsel over case proceedings it is unknown whether those written reasons have been issued. The case remains in the hands of their legal teams.