Owls Tax Deadline Extended by 28 Days

League One side Sheffield Wednesday have been given a boost in their bid to avoid administration and a mandatory 10 point deduction having been granted an extra 28 days to come up with the cash they need for an unpaid tax bill to HMRC. The South Yorkshire club were staring down the barrel of another winding up order from the taxman who is chasing £1.4 in unpaid bills, but the High Court has granted a 4 week extension in what it has called exceptional circumstances. The Owls are desperately seeking a buyer to help clear their total debts that are thought to be in the region of around £27 million, and to inject new cash into the club to buy players that can help launch them back to the upper levels of English football.

Although there have been several interested parties, only Leicester city chairman Milan Mandaric has so far shown proof of funds that were required by the clubs main creditor the Cooperative Bank – but he has now seemingly shied away from the deal having failed to make an arrangement with former Wednesday chairman Dave Allen over a reported £2.4 million pound debt. In spite of such public off the field financial problems Wednesday have made a reasonable start in League One following their relegation from The Championship last season and currently lie in 9th position - just 2 points outside the playoff places.

Barnes and Taylor Out At Tranmere

Manager John Barnes and his assistant Jason McAteer have been sacked by Tranmere. Former England legend Barnes and ex Liverpool star McAteer have been told that they were to have their contracts terminated by the club earlier this morning. Tranmere are currently sat in the League One relegation zone - and after a string of poor results in the league and their recent defeat in the Johnstone's paint Trophy earlier in the week, it seems that the Tranmere board have finally lost patience with Barnes and his regime. The decision brings to an end another turbulent period in the short but eventful managerial career of John Barnes - after an equally brief and difficult spell with Scottish giants Celtic resulting in his dismissal in February 2000. The club have taken the decision to put Physio Les Parry in as a caretaker manager to take temporary charge of Tranmere as they welcome Stockport this Monday night.

Liverpool Legend Barnes set for Tranmere Managers Job

Former Liverpool and England midfield sensation John Barnes is set for a return to professional football in the capacity of manager at another North West based club in Tranmere Rovers. The football League One side have been seeking a replacement after sacking Ronnie Moore at the end of last season, and see former Liverpool wing superstar Barnes as the ideal candidate.

Barnes will now leave his previous post as manager of the Jamaican national team - which he has held for around 8 months - to take over at Prenton Park with immediate effect. He will hope for greater success than during his last disastrous efforts at club management when North of the border at Glaswegian giants Celtic, where he was unceremoniously sacked after a string of poor results. His task will be to assemble a squad capable of fighting for a play off position in League one next season - and he will be under immediate pressure following his predessor's sacking for failing to complete the same aim by such a narrow margin last season.