Sheffield Wednesday's owners are facing a 12-point deduction threat due to a dispute with the club's former owner, Prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud. The club is currently 24th in the Championship with 25 goals scored and 82 conceded (-57 goal difference). They are 90 points behind leaders Coventry in the title race.
What happened?
Prince Abdullah Bin Mosaad Bin Abdulaziz Al Saud's company, United World, is attempting to wind up the company which bought the club, COH Sports Bidco Ltd (CSBL), due to unpaid millions. The dispute centres around the decision to transfer Sheffield Wednesday's shares from previous parent company CSBL to another one called 1919 Partners earlier this summer.
Why it matters for Sheffield Wednesday
The club's owners, Helmy Eltoukhy and Steven Rosen, have been accused of attempting to avoid paying CSBL's creditors. United World has hired leading sports lawyer Nick De Marco and claims that if the winding-up petition is granted, the EFL may have to impose a 12-point deduction on Sheffield Wednesday.
What comes next?
A hearing has been set at a London court on Wednesday. The club's owners have described the petition as "a publicity stunt" and claimed the club is more “financially healthy” now than under Prince Abdullah's ownership. They have also invited the prince to “reinvest in the club and join the ownership of Sheffield Wednesday” again.
Sheffield Wednesday's next fixture is vs Wigan (away, 2027-02-20). The club is currently without several key players, including Barry Bannan, Nathaniel Chalobah, D Shon Bernard, Bruno Fernandes, P. Charles, and D. Bernard.
