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.

Owls Crash Out Of Championship After Draw

Sheffield Wednesday crashed out of the English football Championship after there disappointing draw with relegation rivals Crystal Palace at Hillsborough earlier this afternoon. The Owls were desperately seeking the victory that would have relegated their opposition but fell short of the mark in front of some a passionate home crowd. It lays the final nail in the coffin for Wednesday after a season plagued with disappointment and further exposed the frailty and shortcomings of one of the supposedly biggest clubs in English football’s second tier. They now face a battle to merely survive as a football club, with financial pressures mounting on the fallen South Yorkshire giants who were regularly playing Premier League football what seems only a few short years ago. Promise of new investment seemed to be around the corner from both a local consortium and the USA, but Sheffield Wednesday must surely now look a far less attractive prospect with fixtures to come against the likes of Bournemouth and Yeovil Town already certainties on next seasons fixture list. In spite of the excellent home support they regularly received this season, the club have regularly failed to convert chances into goals, and have struggles from the off to win games in the Championship. Palace in contrast were performing well and chasing a playoff place until a ten point deduction for falling into administration drastically altered the path of there season. The Eagles will have the last laugh though, as the Owls are sent tumbling back into English footballs third tier.