The BIG financial rule change that could affect Sheffield Wednesday in the Championship

With Financial Fair Play coming under increasing scrutiny in the second tier, senior executives from all clubs met to discuss the EFL’s Profitability and Sustainability rules on Thursday.

And the Telegraph claim that a number of Championship sides have proposed a new salary cap of £20million per season, limiting how much clubs could spend on wages in a given campaign.

They also suggested that a limit be placed on how many players could be registered to a club at any one time.

Currently, clubs are subject to rules governing how much they can lose in any given season – with Birmingham City among the clubs to have been investigated over their large losses in recent years.

But some clubs are now suggest a unified salary cap to help encourage sustainability; a topic which has taken on greater relevance since the demise of Bury.

However, all 24 clubs failed to reach an agreement on the proposals put forward this week – with the Telegraph report suggesting that a number of sides were keen to see the salary limited placed at a higher amount.

A salary cap, however, looks a likely option as clubs explore new options. There are further talks planned between Championship sides for next month.

The Owls were recently in the spotlight over the sale of Hillsborough.